--- title: "HSN Code for Other Polypeptide/Protein/Glycoprotein Hormones | HSN 29371900 GST Rate" description: "Find HSN and GST Rates for 29371900 related to Other Polypeptide/Protein/Glycoprotein Hormones with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29371900/" --- # HSN Code 29371900: Other Polypeptide/Protein/Glycoprotein Hormones - [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 2937: Hormones & derivatives, synthesized](https://busy.in/hsn/sub-chapter-2937/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Polypeptide hormones, protein hormones and glycoprotein hormones, their dervatives and structural analogues :Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29371900 ? It includes Other Polypeptide/Protein/Glycoprotein Hormones ### Can we claim ITC on inputs used to trade Other Polypeptide/Protein/Glycoprotein Hormones? 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 Other Polypeptide/Protein/Glycoprotein Hormones is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Polypeptide/Protein/Glycoprotein Hormones; Nil for exempt items if applicable). ### How much GST applies to Other Polypeptide/Protein/Glycoprotein Hormones? Under HSN 29371900, Other Polypeptide/Protein/Glycoprotein Hormones attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Other Polypeptide/Protein/Glycoprotein Hormones? 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. ### Any common misclassification issue with Other Polypeptide/Protein/Glycoprotein Hormones? 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 29371900 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹297 Cr (+23.73% YoY) — 0.0081% of India's total exports - Imports: ₹397 Cr (+78.15% YoY) — 0.0065% of India's total imports - Trade balance: −₹99 Cr (Deficit); surplus rank #10793 of 12657 HSN codes - Share of Sub-Chapter 2937: 10.87% of its exports; import side 11.62% - Rank within Sub-Chapter 2937: #4 of 13 by export value; import-side #4 ### Key metrics - Export CAGR: 4.78% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1452 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +30.73% in FY 2020-21 - Contribution to Sub-Ch. 2937: 10.87% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29371900 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. 2937 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2937 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 224.68 | 0.0098% | — | 14.65% | 97.70 | 0.0027% | — | 4.38% | +126.98 | #1218 | | FY 2019-20 | 218.77 | 0.0099% | −2.63% | 12.78% | 57.17 | 0.0017% | −41.48% | 2.58% | +161.60 | #1242 | | FY 2020-21 | 285.99 | 0.0133% | +30.73% | 14.88% | 122.57 | 0.0042% | +114.40% | 5.61% | +163.42 | #1062 | | FY 2021-22 | 195.60 | 0.0062% | −31.61% | 10.11% | 220.64 | 0.0048% | +80.01% | 8.78% | −25.04 | #1670 | | FY 2022-23 | 249.50 | 0.0069% | +27.56% | 11.63% | 407.52 | 0.0071% | +84.70% | 13.69% | −158.02 | #1500 | | FY 2023-24 | 240.30 | 0.0066% | −3.69% | 9.42% | 222.65 | 0.0040% | −45.36% | 7.02% | +17.65 | #1596 | | FY 2024-25 | 297.32 | 0.0081% | +23.73% | 10.87% | 396.65 | 0.0065% | +78.15% | 11.62% | −99.33 | #1452 | - CAGR (7-year): exports 4.78%/yr, imports 26.30%/yr (consistently Deficit) ## Key trade insights: HSN Code 29371900 export-import analysis ### Consistent export growth: 4.78% CAGR over 7 years India's exports under HSN Code 29371900 have grown at a compound annual rate of 4.78% over 7 fiscal years, rising from ₹224.68 Crore in FY 2018-19 to ₹297.32 Crore in FY 2024-25. ### HSN Code 29371900 ranked #1452 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29371900 ranks #1452 out of 12657 HSN codes by total export value. Within Sub-Chapter 2937, it ranks #4 of 13. By trade surplus, it ranks #10793 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 29371900 exports The strongest single-year export movement for HSN Code 29371900 was recorded in FY 2020-21, when exports surged by 30.73% over the prior year. ### India records a trade deficit of ₹99.33 Crore in HSN Code 29371900 goods In FY 2024-25, India's imports of ₹396.65 Cr exceeded exports of ₹297.32 Cr, resulting in a trade deficit of ₹99.33 Crore — ranking #10793 of 12657 by surplus magnitude. ### Import growth of 26.30% CAGR signals rising demand for Other Polypeptide/Protein/Glycoprotein Hormones India's imports under HSN Code 29371900 have grown at 26.30% CAGR, reaching ₹396.65 Crore in FY 2024-25. ### HSN Code 29371900 contributes 10.87% of Sub-Chapter 2937 exports — ranked #4 Among the 13 HSN codes under Sub-Chapter 2937, HSN Code 29371900 ranks #4 by export value — accounting for 10.87% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.62% share (rank #4). ## Related HSN Codes in Sub-Chapter 2937 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29372900: Steroidal hormones, their derivatives and structural analogues : Other](https://busy.in/hsn/hsn-29372900/) | ₹991 Cr | | #2 | [HSN Code 29371200: Insulin and Salts](https://busy.in/hsn/hsn-29371200/) | ₹342 Cr | | #3 | [HSN Code 29372200: Halogenated Corticosteroidal Hormones](https://busy.in/hsn/hsn-29372200/) | ₹322 Cr | | #4 | HSN Code 29371900: Other Polypeptide/Protein/Glycoprotein Hormones (this hsn code) | ₹297 Cr | | #5 | [HSN Code 29372300: Oestrogens & Progestogens](https://busy.in/hsn/hsn-29372300/) | ₹234 Cr | | #6 | [HSN Code 29379090: Hormones, Prostaglandins & Leukotrienes](https://busy.in/hsn/hsn-29379090/) | ₹205 Cr | | #7 | [HSN Code 29379020: Other\| Amino-Acid Derivatives](https://busy.in/hsn/hsn-29379020/) | ₹201 Cr | | #8 | [HSN Code 29372100: Sterile Laminaria/Haemostatics/Adhesion Barriers](https://busy.in/hsn/hsn-29372100/) | ₹106 Cr | | #9 | [HSN Code 29375000: Prostaglandins/Thromboxanes/Leukotrienes](https://busy.in/hsn/hsn-29375000/) | ₹23 Cr | | #10 | [HSN Code 29379019: Catecholamine Hormones and Analogues: Other](https://busy.in/hsn/hsn-29379019/) | ₹12 Cr |