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HSN Code 29371100: Somatotropin, Its Derivatives and Structural Analogues

HSN Code 29371100 represents Somatotropin, Its Derivatives and Structural Analogues under GST classification. This code helps businesses identify Somatotropin, Its Derivatives and Structural Analogues correctly for billing, taxation, and trade. With HSN Code 29371100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Somatotropin, Its Derivatives and Structural Analogues.

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Description of Goods for HSN Code 29371100

HSN Code 29371100 relates to the following description.

Description of Goods

Polypeptide hormones, protein hormones and glycoprotein hormones, their dervatives and structural analogues :Somatotropin, its derivatives and structural analogues

Chapter

29 - Organic chemicals

Sub Chapter

2937 - Hormones, prostaglandins, thromboxanes and leukotrienes, natural or reproduced by synthesis; derivatives and structural analogues thereof, including chain modified polypeptides, used primarily as hormones

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 29371100 not include?

Somatotropin, Its Derivatives and Structural Analogues does not include products with the following descriptions.

HSN Code 29371200

Polypeptide hormones, protein hormones and glycoprotein hormones, their dervatives and structural analogues :Insulin and its salts

HSN Code 29371900

Polypeptide hormones, protein hormones and glycoprotein hormones, their dervatives and structural analogues :Other

HSN Code 29372100

Steroidal hormones, their derivatives and structural analogues :Cortisone, hydrocortisone, prednisone, (dehydrocortisone) and prednisolone (dehydrohydrocortisone)

HSN Code 29372200

Steroidal hormones, their derivatives and structural analogues :Halogenated derivatives of corticosteroidal harmones

HSN Code 29372300

Steroidal hormones, their derivatives and structural analogues :Oestrogens and progestogens

HSN Code 29375000

Prostaglandins,thromboxanes, leukotrienes, their derivatives and structural analogues

HSN Code 29379011

Other:Catecholamine hormones,their derivatives and structural analogues:Epinethrine

HSN Code 29379019

Other:Catecholamine hormones,their derivatives and structural analogues:Other

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India’s Trade Performance — HSN Code 29371100 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹2 Cr

−12.86% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

< ₹1 Crore

−50.00% vs FY 2024-25

0.0000% of India’s total imports

Trade Balance

FY 2025-26

₹2 Cr

Trade Surplus

Surplus rank #4344 of 12872 HSN codes

% of Sub-Chapter 2937

FY 2025-26

0.06%

Share of Sub-Chapter 2937’s total exports in FY 2025-26

Import side: 0.00% of Sub-Chapter 2937’s imports

Rank Within Sub-Chapter 2937

FY 2025-26

#11 of 13

Position by export value among HSN codes in Sub-Chapter 2937

Import-side rank: #12 of 13

At a glance

59.40%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#7841

National Export Rank

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

+356.76%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.06%

Contribution to Sub-Ch. 2937

Share of Sub-Chapter 2937 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 29371100

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #9371

Balance

−7.26

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2937

Imports

7.33 ₹ Cr

0.0002% share

— YoY

0.33% of Sub-Ch. 2937

FY 2019-20 Exp. Rank #8687

Balance

−6.53

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+257.14% YoY

0.01% of Sub-Ch. 2937

Imports

6.78 ₹ Cr

0.0002% share

−7.50% YoY

0.31% of Sub-Ch. 2937

FY 2020-21 Exp. Rank #7910

Balance

−7.79

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+196.00% YoY

0.04% of Sub-Ch. 2937

Imports

8.53 ₹ Cr

0.0003% share

+25.81% YoY

0.39% of Sub-Ch. 2937

FY 2021-22 Exp. Rank #8788

Balance

−3.76

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.02% of Sub-Ch. 2937

Imports

4.13 ₹ Cr

0.0001% share

−51.58% YoY

0.16% of Sub-Ch. 2937

FY 2022-23 Exp. Rank #7610

Balance

+1.60

Exports

1.69 ₹ Cr

0.0000% share

+356.76% YoY

0.08% of Sub-Ch. 2937

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−97.82% YoY

0.00% of Sub-Ch. 2937

FY 2023-24 Exp. Rank #7424

Balance

+2.26

Exports

2.33 ₹ Cr

0.0001% share

+37.87% YoY

0.09% of Sub-Ch. 2937

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−22.22% YoY

0.00% of Sub-Ch. 2937

FY 2024-25 Exp. Rank #7557

Balance

+2.02

Exports

2.10 ₹ Cr

0.0001% share

−9.87% YoY

0.08% of Sub-Ch. 2937

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+14.29% YoY

0.00% of Sub-Ch. 2937

FY 2025-26 Exp. Rank #7841

Balance

+1.79

Exports

1.83 ₹ Cr

0.0000% share

−12.86% YoY

0.06% of Sub-Ch. 2937

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.00% of Sub-Ch. 2937

CAGR · 8-Year

Exports

59.40% /yr

Imports

−52.50% /yr

Consistently Surplus
Sub-Chapter 2937 total

reference, FY 2025-26

Export

₹2,917.75 Cr

Import

₹3,698.84 Cr

Trade Balance

−781.09

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

Key Trade Insights: HSN Code 29371100 Export-Import Analysis

Consistent Export Growth: 59.40% CAGR Over 8 Years

India's exports under HSN Code 29371100 have grown at a compound annual rate of 59.40% over 8 fiscal years, rising from ₹0.07 Crore in FY 2018-19 to ₹1.83 Crore in FY 2025-26.

HSN Code 29371100 Ranked #7841 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 29371100 ranks #7841 out of 12872 HSN codes by total export value. Within Sub-Chapter 2937, it ranks #11 of 13. By trade surplus, it ranks #4344 of 12872.

FY 2022-23 Was the Strongest Growth Year for HSN Code 29371100 Exports

The strongest single-year export movement for HSN Code 29371100 was recorded in FY 2022-23, when exports surged by 356.76% over the prior year.

India Maintains a Trade Surplus of ₹1.79 Crore in HSN Code 29371100 Goods

In FY 2025-26, India's exports of ₹1.83 Cr exceeded imports of ₹0.04 Cr, resulting in a trade surplus of ₹1.79 Crore — ranking #4344 of 12872 by surplus magnitude.

Import Growth of −52.50% CAGR Signals Stable Import Dependency for Somatotropin, Its Derivatives and Structural Analogues

India's imports under HSN Code 29371100 have grown at −52.50% CAGR, reaching ₹0.04 Crore in FY 2025-26.

HSN Code 29371100 Contributes 0.06% of Sub-Chapter 2937 Exports — Ranked #11

Among the 13 HSN codes under Sub-Chapter 2937, HSN Code 29371100 ranks #11 by export value — accounting for 0.06% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.00% share (rank #12).

Frequently Asked Questions

Clear answers to common queries about HSN Code 29371100 and GST compliance.

What products are classified under HSN 29371100 ?

It includes Somatotropin, Its Derivatives and Structural Analogues

How should mixed supplies be billed when Somatotropin, Its Derivatives and Structural Analogues is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Somatotropin, Its Derivatives and Structural Analogues; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Somatotropin, Its Derivatives and Structural Analogues?

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

Any common misclassification issue with Somatotropin, Its Derivatives and Structural Analogues?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How much GST applies to Somatotropin, Its Derivatives and Structural Analogues?

Under HSN 29371100, Somatotropin, Its Derivatives and Structural Analogues attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Somatotropin, Its Derivatives and Structural Analogues?

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.

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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.