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HSN Code 29242980: Paracetamol (Acetaminophen)

HSN Code 29242980 represents Paracetamol (Acetaminophen) under GST classification. This code helps businesses identify Paracetamol (Acetaminophen) correctly for billing, taxation, and trade. With HSN Code 29242980, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Paracetamol (Acetaminophen).

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Description of Goods for HSN Code 29242980

HSN Code 29242980 relates to the following description.

New tariff item from 1 October 2024 (Finance (No. 2) Act, 2024), carved out of 29222933. Goods of this item were classified there before that date.

Description of Goods

Amino-naphthols and other amino-phenols, other than those containing more than one kind of oxygen function, their ethers and esters; salts thereof :Other :N-methyl-para-aminophenol sulphate (motol),2, 5 dimethoxy aniline, Para acetyl aminophenol (paracetamol), Para cresidine, Picramic acid (T-grade):Para acetyl aminophenol (paracetamol)

Chapter

29 - Organic chemicals

Sub Chapter

2924 - Carboxyamide-function compounds; amide-function compounds of carbonic acid

CGST

2.5% or 9%

SGST

2.5% or 9%

IGST

5% or 18%

CESS

0%

5% when supplied as a drug or medicine, including as a bulk drug (active pharmaceutical ingredient, API), with its salts and esters; 18% for other uses. CBIC has not yet clarified whether bulk drugs get the 5% rate; 2026 advance rulings of the Customs Authority for Advance Rulings (CAAR), Mumbai, allowed 5% on imported APIs. Source: Notification 9/2025-Central Tax (Rate), Schedule I, S. No. 226; Schedule II, S. No. 36.

What does HSN Code 29242980 not include?

Paracetamol (Acetaminophen) does not include products with the following descriptions.

HSN Code 26242110

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof :Diethyl diphenyl urea

HSN Code 29241100

Acyclic amides (including acyclic carbamates) and their derivatives; salts thereof :Meprobamate (INN)

HSN Code 29241200

Acyclic amides (including acyclic carbamates) and their derivatives; salts thereof :Fluoroacetamide (ISO), monocrotophos (ISO) and phosphamidon (ISO)

HSN Code 29241900

Acyclic amides (including acyclic carbamates) and their derivatives; salts thereof :Other

HSN Code 29241910

Acyclic amides (including acyclic carbamates) and their derivatives; salts thereof : Bendiocarb, carboxin, chlorpropham, fenobucarb (BPMC), fluazaindolizine, methomyl, metolachlor, propamocarb hydrochloride, thiodicarb.

HSN Code 29241990

Acyclic amides (including acyclic carbamates) and their derivatives; salts thereof : Other acyclic amides (including acyclic carbamates) and their derivatives; salts thereof, excluding the pesticides specified in Chapter 29 Supplementary Note 4 (29241910)

HSN Code 29242120

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof :Dimethyl diphenyl urea (zentralin)

HSN Code 29242130

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof :Ureines and their derivatives; salts thereof : Parachloro benzene sulphonyl urea

HSN Code 29242140

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof :Ureines and their derivatives; salts thereof : Bifenazate, carbosulfan, cyflufenamide, fenoxanil, flufenoxuron, ipfencarbazone, lufenuron, metaflumizone, metsulfuron methyl, novaluron, orthosulfamuron, pencycuron, teflubenzuron, trifloxysulfuron sodium.

HSN Code 29242190

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof :Ureines and their derivatives; salts thereof :other

HSN Code 29242300

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof :2-Acetamidobenzoic acid (N-acetylanthranilic acid) and its salts

HSN Code 29242400

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof :Ureines and their derivatives; salts thereof :Ethinamate (INN)

HSN Code 29242500

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof :Ureines and their derivatives; salts thereof : Alachlor (ISO)

HSN Code 29242910

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof : Other : Acetanilide

HSN Code 29242920

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof : Other : Aceto acetanilide

HSN Code 29242930

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof : Other : Aceto acetic ortho chloranilide

HSN Code 29242940

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof : Other : Aceto acetic para chloranilide

HSN Code 29242950

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof : Other : Phenyl acetamide

HSN Code 29242960

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof : Other : Pyrazinamide (pyrazine carboxamide)

HSN Code 29242990

Cyclic amides (including cyclic carbamates) and their derivatives; salts thereof : Other : Other

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India’s Trade Performance — HSN Code 29242980 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2025-26–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹731 Cr

First year of recorded data

0.0187% of India’s total exports

India’s Imports

FY 2025-26

₹96 Cr

First year of recorded data

0.0014% of India’s total imports

Trade Balance

FY 2025-26

₹635 Cr

Trade Surplus

Surplus rank #563 of 12872 HSN codes

% of Sub-Chapter 2924

FY 2025-26

9.67%

Share of Sub-Chapter 2924’s total exports in FY 2025-26

Import side: 3.40% of Sub-Chapter 2924’s imports

Rank Within Sub-Chapter 2924

FY 2025-26

#3 of 23

Position by export value among HSN codes in Sub-Chapter 2924

Import-side rank: #5 of 23

At a glance

#795

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

9.67%

Contribution to Sub-Ch. 2924

Share of Sub-Chapter 2924 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 29242980

1-year export and import data, FY 2025-26 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2025-26 Exp. Rank #795

Balance

+635.03

Exports

730.55 ₹ Cr

0.0187% share

— YoY

9.67% of Sub-Ch. 2924

Imports

95.52 ₹ Cr

0.0014% share

— YoY

3.40% of Sub-Ch. 2924

Sub-Chapter 2924 total

reference, FY 2025-26

Export

₹7,551.52 Cr

Import

₹2,806.06 Cr

Trade Balance

+4,745.46

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

Key Trade Insights: HSN Code 29242980 Export-Import Analysis

Export Snapshot for HSN Code 29242980

India exported ₹730.55 Crore worth of Paracetamol (Acetaminophen) in FY 2025-26. Multi-year trend data is being compiled for this hsn code.

HSN Code 29242980 Ranked #795 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 29242980 ranks #795 out of 12872 HSN codes by total export value. Within Sub-Chapter 2924, it ranks #3 of 23. By trade surplus, it ranks #563 of 12872.

India Maintains a Trade Surplus of ₹635.03 Crore in HSN Code 29242980 Goods

In FY 2025-26, India's exports of ₹730.55 Cr exceeded imports of ₹95.52 Cr, resulting in a trade surplus of ₹635.03 Crore — ranking #563 of 12872 by surplus magnitude.

HSN Code 29242980 Contributes 9.67% of Sub-Chapter 2924 Exports — Ranked #3

Among the 23 HSN codes under Sub-Chapter 2924, HSN Code 29242980 ranks #3 by export value — accounting for 9.67% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 3.40% share (rank #5).

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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.