--- title: "HSN Code for Phenothiazine Ring Compounds | HSN 29343000 GST Rate" description: "Find HSN and GST Rates for 29343000 related to Phenothiazine Ring Compounds with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29343000/" --- # HSN Code 29343000: Phenothiazine Ring Compounds - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 29: Organic Chemicals](https://busy.in/hsn/chapter-29/) - [Sub-chapter 2934: Nucleic acids & derivatives](https://busy.in/hsn/sub-chapter-2934/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Compounds containing in the structure a phenothiazine ring-system (whether or not hydrogenated) not further fused | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29343000 ? It includes Phenothiazine Ring Compounds ### How should mixed supplies be billed when Phenothiazine Ring Compounds is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Phenothiazine Ring Compounds; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Phenothiazine Ring Compounds? 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. ### Do e‑way bill and e‑invoice apply for Phenothiazine Ring Compounds? 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. ### Can we claim ITC on inputs used to trade Phenothiazine Ring Compounds? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Phenothiazine Ring Compounds? Under HSN 29343000, Phenothiazine Ring Compounds attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Phenothiazine Ring Compounds? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 29343000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹73 Cr (+4.78% YoY) — 0.0020% of India's total exports - Imports: ₹64 Cr (+11.75% YoY) — 0.0010% of India's total imports - Trade balance: ₹10 Cr (Surplus); surplus rank #3317 of 12657 HSN codes - Share of Sub-Chapter 2934: 1.16% of its exports; import side 1.03% - Rank within Sub-Chapter 2934: #5 of 10 by export value; import-side #4 ### Key metrics - Export CAGR: 7.15% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3078 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +45.07% in FY 2021-22 - Contribution to Sub-Ch. 2934: 1.16% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29343000 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 2934 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2934 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 48.54 | 0.0021% | — | 1.23% | 14.18 | 0.0004% | — | 0.41% | +34.36 | #2896 | | FY 2019-20 | 56.19 | 0.0026% | +15.76% | 1.47% | 20.10 | 0.0006% | +41.75% | 0.56% | +36.09 | #2720 | | FY 2020-21 | 43.73 | 0.0020% | −22.17% | 0.79% | 25.13 | 0.0009% | +25.02% | 0.47% | +18.60 | #3125 | | FY 2021-22 | 63.44 | 0.0020% | +45.07% | 1.20% | 28.29 | 0.0006% | +12.57% | 0.34% | +35.15 | #3031 | | FY 2022-23 | 65.92 | 0.0018% | +3.91% | 1.33% | 44.63 | 0.0008% | +57.76% | 0.59% | +21.29 | #3109 | | FY 2023-24 | 70.12 | 0.0019% | +6.37% | 1.33% | 56.92 | 0.0010% | +27.54% | 0.91% | +13.20 | #3074 | | FY 2024-25 | 73.47 | 0.0020% | +4.78% | 1.16% | 63.61 | 0.0010% | +11.75% | 1.03% | +9.86 | #3078 | - CAGR (7-year): exports 7.15%/yr, imports 28.42%/yr (consistently Surplus) ## Key trade insights: HSN Code 29343000 export-import analysis ### Consistent export growth: 7.15% CAGR over 7 years India's exports under HSN Code 29343000 have grown at a compound annual rate of 7.15% over 7 fiscal years, rising from ₹48.54 Crore in FY 2018-19 to ₹73.47 Crore in FY 2024-25. ### HSN Code 29343000 ranked #3078 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29343000 ranks #3078 out of 12657 HSN codes by total export value. Within Sub-Chapter 2934, it ranks #5 of 10. By trade surplus, it ranks #3317 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29343000 exports The strongest single-year export movement for HSN Code 29343000 was recorded in FY 2021-22, when exports surged by 45.07% over the prior year. ### India maintains a trade surplus of ₹9.86 Crore in HSN Code 29343000 goods In FY 2024-25, India's exports of ₹73.47 Cr exceeded imports of ₹63.61 Cr, resulting in a trade surplus of ₹9.86 Crore — ranking #3317 of 12657 by surplus magnitude. ### Import growth of 28.42% CAGR signals rising demand for Phenothiazine Ring Compounds India's imports under HSN Code 29343000 have grown at 28.42% CAGR, reaching ₹63.61 Crore in FY 2024-25. ### HSN Code 29343000 contributes 1.16% of Sub-Chapter 2934 exports — ranked #5 Among the 10 HSN codes under Sub-Chapter 2934, HSN Code 29343000 ranks #5 by export value — accounting for 1.16% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.03% share (rank #4). ## Related HSN Codes in Sub-Chapter 2934 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29349990: Other \|Other \| Other](https://busy.in/hsn/hsn-29349990/) | ₹5,476 Cr | | #2 | [HSN Code 29341000: Thiazole Ring Compounds](https://busy.in/hsn/hsn-29341000/) | ₹461 Cr | | #3 | [HSN Code 29342000: Benzothiazole Ring Compounds](https://busy.in/hsn/hsn-29342000/) | ₹147 Cr | | #4 | [HSN Code 29349920: Other \|Other \| Morpholine](https://busy.in/hsn/hsn-29349920/) | ₹131 Cr | | #5 | HSN Code 29343000: Phenothiazine Ring Compounds (this hsn code) | ₹73 Cr | | #6 | [HSN Code 29349100: Aminorex and Related Drugs](https://busy.in/hsn/hsn-29349100/) | ₹51 Cr | | #7 | [HSN Code 29349200: Other: Other fentanyls and their derivatives](https://busy.in/hsn/hsn-29349200/) | ₹2 Cr | | #8 | [HSN Code 29349930: Sulphonamides: Sulphamethoxazole](https://busy.in/hsn/hsn-29349930/) | < ₹1 Crore | | #9 | [HSN Code 29349910: Other :Other: Chloro thiophene-2-carboxylic acid](https://busy.in/hsn/hsn-29349910/) | < ₹1 Crore | | — | [HSN Code 29349900: Buprofezin (iso)](https://busy.in/hsn/hsn-29349900/) | Nil |