HSN Code 29072990: Polyphenols ; phenol-alcohols :Other :Other

HSN Code 29072990 represents Polyphenols ; phenol-alcohols :Other :Other under GST classification. This code helps businesses identify Polyphenols ; phenol-alcohols :Other :Other correctly for billing, taxation, and trade. With HSN Code 29072990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Polyphenols ; phenol-alcohols :Other :Other.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 29072990

HSN Code 29072990 relates to the following description.

Description of Goods

Polyphenols ; phenol-alcohols :Other :Other

Chapter

29 - Organic chemicals

Sub Chapter

2907 - Phenols, phenol-alcohols, and their halogenated, sulphonated, nitrated or nitrosated derivatives: phenols; phenol-alcohols

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29072990 not include?

Polyphenols ; phenol-alcohols :Other :Other does not include products with the following descriptions.

HSN Code 29071110

Monophenols :Phenol (hydroxybenzene) and its salts : Phenol, as pure carbolic acid

HSN Code 29072300

Polyphenols ; phenol-alcohols :4,4 -isopropylidenedipheno (bis-phenol A, diphenylolpropane) and its salts

India’s Trade Performance — HSN Code 29072990 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹464 Cr

+19.07% vs FY 2023-24

0.0126% of India’s total exports

India’s Imports

FY 2024-25

₹103 Cr

−3.72% vs FY 2023-24

0.0017% of India’s total imports

Trade Balance

FY 2024-25

₹362 Cr

Trade Surplus

Surplus rank #806 of 12657 HSN codes

% of Sub-Chapter 2907

FY 2024-25

20.70%

Share of Sub-Chapter 2907’s total exports in FY 2024-25

Import side: 1.79% of Sub-Chapter 2907’s imports

Rank Within Sub-Chapter 2907

FY 2024-25

#1 of 23

Position by export value among HSN codes in Sub-Chapter 2907

Import-side rank: #10 of 23

At a glance

−1.01%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#1067

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+33.26%

Peak Growth Year

FY 2021-22 · strongest single-year move

20.70%

Contribution to Sub-Ch. 2907

Share of Sub-Chapter 2907 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29072990

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #662

Balance

+219.22

Exports

493.51 ₹ Cr

0.0216% share

— YoY

30.91% of Sub-Ch. 2907

Imports

274.29 ₹ Cr

0.0077% share

— YoY

5.16% of Sub-Ch. 2907

FY 2019-20 Exp. Rank #716

Balance

+208.50

Exports

447.05 ₹ Cr

0.0203% share

−9.41% YoY

23.62% of Sub-Ch. 2907

Imports

238.55 ₹ Cr

0.0071% share

−13.03% YoY

6.08% of Sub-Ch. 2907

FY 2020-21 Exp. Rank #789

Balance

+206.55

Exports

426.55 ₹ Cr

0.0198% share

−4.59% YoY

19.99% of Sub-Ch. 2907

Imports

220.00 ₹ Cr

0.0076% share

−7.78% YoY

5.81% of Sub-Ch. 2907

FY 2021-22 Exp. Rank #769

Balance

+439.76

Exports

568.43 ₹ Cr

0.0181% share

+33.26% YoY

21.99% of Sub-Ch. 2907

Imports

128.67 ₹ Cr

0.0028% share

−41.51% YoY

2.08% of Sub-Ch. 2907

FY 2022-23 Exp. Rank #851

Balance

+423.28

Exports

555.72 ₹ Cr

0.0153% share

−2.24% YoY

24.20% of Sub-Ch. 2907

Imports

132.44 ₹ Cr

0.0023% share

+2.93% YoY

2.19% of Sub-Ch. 2907

FY 2023-24 Exp. Rank #1173

Balance

+283.35

Exports

389.88 ₹ Cr

0.0108% share

−29.84% YoY

20.59% of Sub-Ch. 2907

Imports

106.53 ₹ Cr

0.0019% share

−19.56% YoY

2.22% of Sub-Ch. 2907

FY 2024-25 Exp. Rank #1067

Balance

+361.66

Exports

464.23 ₹ Cr

0.0126% share

+19.07% YoY

20.70% of Sub-Ch. 2907

Imports

102.57 ₹ Cr

0.0017% share

−3.72% YoY

1.79% of Sub-Ch. 2907

CAGR · 7-Year

Exports

−1.01% /yr

Imports

−15.12% /yr

Consistently Surplus
Sub-Chapter 2907 total

reference, FY 2024-25

Export

₹2,242.64 Cr

Import

₹5,741.09 Cr

Trade Balance

−3,498.45

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 29072990 Export-Import Analysis

Export Decline: −1.01% CAGR Over 7 Years

India's exports under HSN Code 29072990 have declined at a compound annual rate of −1.01% over 7 fiscal years, falling from ₹493.51 Crore in FY 2018-19 to ₹464.23 Crore in FY 2024-25.

HSN Code 29072990 Ranked #1067 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29072990 ranks #1067 out of 12657 HSN codes by total export value. Within Sub-Chapter 2907, it ranks #1 of 23. By trade surplus, it ranks #806 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 29072990 Exports

The strongest single-year export movement for HSN Code 29072990 was recorded in FY 2021-22, when exports surged by 33.26% over the prior year.

India Maintains a Trade Surplus of ₹361.66 Crore in HSN Code 29072990 Goods

In FY 2024-25, India's exports of ₹464.23 Cr exceeded imports of ₹102.57 Cr, resulting in a trade surplus of ₹361.66 Crore — ranking #806 of 12657 by surplus magnitude.

Import Growth of −15.12% CAGR Signals Stable Import Dependency for Polyphenols ; phenol-alcohols :Other :Other

India's imports under HSN Code 29072990 have grown at −15.12% CAGR, reaching ₹102.57 Crore in FY 2024-25.

HSN Code 29072990 Contributes 20.70% of Sub-Chapter 2907 Exports — Ranked #1

Among the 23 HSN codes under Sub-Chapter 2907, HSN Code 29072990 ranks #1 by export value — accounting for 20.70% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.79% share (rank #10).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 29072990 and GST compliance.

What products are classified under HSN 29072990 ?

It includes Polyphenols ; phenol-alcohols :Other :Other

Can we claim ITC on inputs used to trade Polyphenols ; phenol-alcohols :Other :Other?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How should mixed supplies be billed when Polyphenols ; phenol-alcohols :Other :Other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Polyphenols ; phenol-alcohols :Other :Other; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Polyphenols ; phenol-alcohols :Other :Other?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Does packaging or labelling change the GST for Polyphenols ; phenol-alcohols :Other :Other?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

How much GST applies to Polyphenols ; phenol-alcohols :Other :Other?

Under HSN 29072990, Polyphenols ; phenol-alcohols :Other :Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.