HSN Code 29372200: Halogenated Corticosteroidal Hormones

HSN Code 29372200 represents Halogenated Corticosteroidal Hormones under GST classification. This code helps businesses identify Halogenated Corticosteroidal Hormones correctly for billing, taxation, and trade. With HSN Code 29372200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Halogenated Corticosteroidal Hormones.

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Description of Goods for HSN Code 29372200

HSN Code 29372200 relates to the following description.

Description of Goods

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

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

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29372200 not include?

Halogenated Corticosteroidal Hormones does not include products with the following descriptions.

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

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

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

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

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

Prostaglandins,thromboxanes, leukotrienes, their derivatives and structural analogues

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

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

India’s Trade Performance — HSN Code 29372200 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹322 Cr

+16.59% vs FY 2023-24

0.0087% of India’s total exports

India’s Imports

FY 2024-25

₹236 Cr

+22.83% vs FY 2023-24

0.0039% of India’s total imports

Trade Balance

FY 2024-25

₹86 Cr

Trade Surplus

Surplus rank #1710 of 12657 HSN codes

% of Sub-Chapter 2937

FY 2024-25

11.76%

Share of Sub-Chapter 2937’s total exports in FY 2024-25

Import side: 6.91% of Sub-Chapter 2937’s imports

Rank Within Sub-Chapter 2937

FY 2024-25

#3 of 13

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

Import-side rank: #7 of 13

At a glance

0.88%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#1369

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+34.93%

Peak Growth Year

FY 2023-24 · strongest single-year move

11.76%

Contribution to Sub-Ch. 2937

Share of Sub-Chapter 2937 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29372200

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #975

Balance

+214.39

Exports

305.14 ₹ Cr

0.0134% share

YoY

19.90% of Sub-Ch. 2937

Imports

90.75 ₹ Cr

0.0025% share

YoY

4.07% of Sub-Ch. 2937

FY 2019-20 Exp. Rank #971

Balance

+207.10

Exports

306.60 ₹ Cr

0.0139% share

+0.48% YoY

17.92% of Sub-Ch. 2937

Imports

99.50 ₹ Cr

0.0030% share

+9.64% YoY

4.49% of Sub-Ch. 2937

FY 2020-21 Exp. Rank #958

Balance

+156.66

Exports

323.29 ₹ Cr

0.0150% share

+5.44% YoY

16.82% of Sub-Ch. 2937

Imports

166.63 ₹ Cr

0.0057% share

+67.47% YoY

7.62% of Sub-Ch. 2937

FY 2021-22 Exp. Rank #1576

Balance

+42.17

Exports

216.99 ₹ Cr

0.0069% share

−32.88% YoY

11.22% of Sub-Ch. 2937

Imports

174.82 ₹ Cr

0.0038% share

+4.92% YoY

6.96% of Sub-Ch. 2937

FY 2022-23 Exp. Rank #1715

Balance

−41.77

Exports

204.43 ₹ Cr

0.0056% share

−5.79% YoY

9.53% of Sub-Ch. 2937

Imports

246.20 ₹ Cr

0.0043% share

+40.83% YoY

8.27% of Sub-Ch. 2937

FY 2023-24 Exp. Rank #1457

Balance

+83.84

Exports

275.83 ₹ Cr

0.0076% share

+34.93% YoY

10.81% of Sub-Ch. 2937

Imports

191.99 ₹ Cr

0.0034% share

−22.02% YoY

6.06% of Sub-Ch. 2937

FY 2024-25 Exp. Rank #1369

Balance

+85.77

Exports

321.59 ₹ Cr

0.0087% share

+16.59% YoY

11.76% of Sub-Ch. 2937

Imports

235.82 ₹ Cr

0.0039% share

+22.83% YoY

6.91% of Sub-Ch. 2937

CAGR · 7-Year

Exports

0.88% /yr

Imports

17.25% /yr

Consistently Surplus
Sub-Chapter 2937 total

reference, FY 2024-25

Export

₹2,735.54 Cr

Import

₹3,412.87 Cr

Trade Balance

−677.33

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

Key Trade Insights: HSN Code 29372200 Export-Import Analysis

Consistent Export Growth: 0.88% CAGR Over 7 Years

India's exports under HSN Code 29372200 have grown at a compound annual rate of 0.88% over 7 fiscal years, rising from ₹305.14 Crore in FY 2018-19 to ₹321.59 Crore in FY 2024-25.

HSN Code 29372200 Ranked #1369 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29372200 ranks #1369 out of 12657 HSN codes by total export value. Within Sub-Chapter 2937, it ranks #3 of 13. By trade surplus, it ranks #1710 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 29372200 Exports

The strongest single-year export movement for HSN Code 29372200 was recorded in FY 2023-24, when exports surged by 34.93% over the prior year.

India Maintains a Trade Surplus of ₹85.77 Crore in HSN Code 29372200 Goods

In FY 2024-25, India's exports of ₹321.59 Cr exceeded imports of ₹235.82 Cr, resulting in a trade surplus of ₹85.77 Crore — ranking #1710 of 12657 by surplus magnitude.

Import Growth of 17.25% CAGR Signals Rising Demand for Halogenated Corticosteroidal Hormones

India's imports under HSN Code 29372200 have grown at 17.25% CAGR, reaching ₹235.82 Crore in FY 2024-25.

HSN Code 29372200 Contributes 11.76% of Sub-Chapter 2937 Exports — Ranked #3

Among the 13 HSN codes under Sub-Chapter 2937, HSN Code 29372200 ranks #3 by export value — accounting for 11.76% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 6.91% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29372200 and GST compliance.

What products are classified under HSN 29372200 ?

It includes Halogenated Corticosteroidal Hormones

Does packaging or labelling change the GST for Halogenated Corticosteroidal 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.

Can we claim ITC on inputs used to trade Halogenated Corticosteroidal 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 Halogenated Corticosteroidal Hormones is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Halogenated Corticosteroidal Hormones; Nil for exempt items if applicable).

How much GST applies to Halogenated Corticosteroidal Hormones?

Under HSN 29372200, Halogenated Corticosteroidal Hormones attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Halogenated Corticosteroidal Hormones?

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 Halogenated Corticosteroidal Hormones?

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

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.