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HSN Code 29372100: Cortisone, Hydrocortisone, Prednisone and Prednisolone

HSN Code 29372100 represents Cortisone, Hydrocortisone, Prednisone and Prednisolone under GST classification. This code helps businesses identify Cortisone, Hydrocortisone, Prednisone and Prednisolone correctly for billing, taxation, and trade. With HSN Code 29372100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cortisone, Hydrocortisone, Prednisone and Prednisolone.

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Description of Goods for HSN Code 29372100

HSN Code 29372100 relates to the following description.

Description of Goods

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

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 29372100 not include?

Cortisone, Hydrocortisone, Prednisone and Prednisolone does not include products with the following descriptions.

HSN Code 29371100

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

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 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 29372100 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

₹114 Cr

+7.39% vs FY 2024-25

0.0029% of India’s total exports

India’s Imports

FY 2025-26

₹316 Cr

−5.02% vs FY 2024-25

0.0046% of India’s total imports

Trade Balance

FY 2025-26

−₹203 Cr

Trade Deficit

Surplus rank #11393 of 12872 HSN codes

% of Sub-Chapter 2937

FY 2025-26

3.90%

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

Import side: 8.56% of Sub-Chapter 2937’s imports

Rank Within Sub-Chapter 2937

FY 2025-26

#7 of 13

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

Import-side rank: #6 of 13

At a glance

17.72%

Export CAGR

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

#2652

National Export Rank

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

+31.35%

Peak Growth Year

FY 2022-23 · strongest single-year move

3.90%

Contribution to Sub-Ch. 2937

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

India Export-Import Trade Statistics for HSN Code 29372100

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 #3322

Balance

−284.34

Exports

36.34 ₹ Cr

0.0016% share

— YoY

2.37% of Sub-Ch. 2937

Imports

320.68 ₹ Cr

0.0089% share

— YoY

14.37% of Sub-Ch. 2937

FY 2019-20 Exp. Rank #2946

Balance

−211.24

Exports

47.68 ₹ Cr

0.0022% share

+31.21% YoY

2.79% of Sub-Ch. 2937

Imports

258.92 ₹ Cr

0.0077% share

−19.26% YoY

11.69% of Sub-Ch. 2937

FY 2020-21 Exp. Rank #2767

Balance

−198.49

Exports

56.17 ₹ Cr

0.0026% share

+17.81% YoY

2.92% of Sub-Ch. 2937

Imports

254.66 ₹ Cr

0.0087% share

−1.65% YoY

11.65% of Sub-Ch. 2937

FY 2021-22 Exp. Rank #2890

Balance

−157.69

Exports

69.56 ₹ Cr

0.0022% share

+23.84% YoY

3.60% of Sub-Ch. 2937

Imports

227.25 ₹ Cr

0.0050% share

−10.76% YoY

9.04% of Sub-Ch. 2937

FY 2022-23 Exp. Rank #2657

Balance

−219.69

Exports

91.37 ₹ Cr

0.0025% share

+31.35% YoY

4.26% of Sub-Ch. 2937

Imports

311.06 ₹ Cr

0.0054% share

+36.88% YoY

10.45% of Sub-Ch. 2937

FY 2023-24 Exp. Rank #2473

Balance

−244.29

Exports

108.47 ₹ Cr

0.0030% share

+18.72% YoY

4.25% of Sub-Ch. 2937

Imports

352.76 ₹ Cr

0.0063% share

+13.41% YoY

11.13% of Sub-Ch. 2937

FY 2024-25 Exp. Rank #2586

Balance

−227.13

Exports

106.03 ₹ Cr

0.0029% share

−2.25% YoY

3.88% of Sub-Ch. 2937

Imports

333.16 ₹ Cr

0.0055% share

−5.56% YoY

9.76% of Sub-Ch. 2937

FY 2025-26 Exp. Rank #2652

Balance

−202.58

Exports

113.87 ₹ Cr

0.0029% share

+7.39% YoY

3.90% of Sub-Ch. 2937

Imports

316.45 ₹ Cr

0.0046% share

−5.02% YoY

8.56% of Sub-Ch. 2937

CAGR · 8-Year

Exports

17.72% /yr

Imports

−0.19% /yr

Consistently Deficit
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 29372100 Export-Import Analysis

Consistent Export Growth: 17.72% CAGR Over 8 Years

India's exports under HSN Code 29372100 have grown at a compound annual rate of 17.72% over 8 fiscal years, rising from ₹36.34 Crore in FY 2018-19 to ₹113.87 Crore in FY 2025-26.

HSN Code 29372100 Ranked #2652 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 29372100 ranks #2652 out of 12872 HSN codes by total export value. Within Sub-Chapter 2937, it ranks #7 of 13. By trade surplus, it ranks #11393 of 12872.

FY 2022-23 Was the Strongest Growth Year for HSN Code 29372100 Exports

The strongest single-year export movement for HSN Code 29372100 was recorded in FY 2022-23, when exports surged by 31.35% over the prior year.

India Records a Trade Deficit of ₹202.58 Crore in HSN Code 29372100 Goods

In FY 2025-26, India's imports of ₹316.45 Cr exceeded exports of ₹113.87 Cr, resulting in a trade deficit of ₹202.58 Crore — ranking #11393 of 12872 by surplus magnitude.

Import Growth of −0.19% CAGR Signals Stable Import Dependency for Cortisone, Hydrocortisone, Prednisone and Prednisolone

India's imports under HSN Code 29372100 have grown at −0.19% CAGR, reaching ₹316.45 Crore in FY 2025-26.

HSN Code 29372100 Contributes 3.90% of Sub-Chapter 2937 Exports — Ranked #7

Among the 13 HSN codes under Sub-Chapter 2937, HSN Code 29372100 ranks #7 by export value — accounting for 3.90% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 8.56% share (rank #6).

Frequently Asked Questions

Clear answers to common queries about HSN Code 29372100 and GST compliance.

What products are classified under HSN 29372100 ?

It includes Cortisone, Hydrocortisone, Prednisone and Prednisolone

Does packaging or labelling change the GST for Cortisone, Hydrocortisone, Prednisone and Prednisolone?

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 Cortisone, Hydrocortisone, Prednisone and Prednisolone?

Under HSN 29372100, Cortisone, Hydrocortisone, Prednisone and Prednisolone attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Cortisone, Hydrocortisone, Prednisone and Prednisolone is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cortisone, Hydrocortisone, Prednisone and Prednisolone; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Cortisone, Hydrocortisone, Prednisone and Prednisolone?

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.

Any common misclassification issue with Cortisone, Hydrocortisone, Prednisone and Prednisolone?

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

Can we claim ITC on inputs used to trade Cortisone, Hydrocortisone, Prednisone and Prednisolone?

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

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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.