HSN Code 29372300: Oestrogens & Progestogens

HSN Code 29372300 represents Oestrogens & Progestogens under GST classification. This code helps businesses identify Oestrogens & Progestogens correctly for billing, taxation, and trade. With HSN Code 29372300, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Oestrogens & Progestogens.

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Description of Goods for HSN Code 29372300

HSN Code 29372300 relates to the following description.

Description of Goods

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

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 29372300 not include?

Oestrogens & Progestogens 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 :Halogenated derivatives of corticosteroidal harmones

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 29372300 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

₹234 Cr

+37.76% vs FY 2023-24

0.0064% of India’s total exports

India’s Imports

FY 2024-25

₹544 Cr

+19.49% vs FY 2023-24

0.0089% of India’s total imports

Trade Balance

FY 2024-25

−₹309 Cr

Trade Deficit

Surplus rank #11606 of 12657 HSN codes

% of Sub-Chapter 2937

FY 2024-25

8.56%

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

Import side: 15.93% of Sub-Chapter 2937’s imports

Rank Within Sub-Chapter 2937

FY 2024-25

#5 of 13

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

Import-side rank: #2 of 13

At a glance

58.03%

Export CAGR

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

#1675

National Export Rank

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

+211.47%

Peak Growth Year

FY 2020-21 · strongest single-year move

8.56%

Contribution to Sub-Ch. 2937

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

India Export-Import Trade Statistics for HSN Code 29372300

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 #4471

Balance

−303.26

Exports

15.04 ₹ Cr

0.0007% share

YoY

0.98% of Sub-Ch. 2937

Imports

318.30 ₹ Cr

0.0089% share

YoY

14.26% of Sub-Ch. 2937

FY 2019-20 Exp. Rank #4005

Balance

−404.11

Exports

21.63 ₹ Cr

0.0010% share

+43.82% YoY

1.26% of Sub-Ch. 2937

Imports

425.74 ₹ Cr

0.0127% share

+33.75% YoY

19.22% of Sub-Ch. 2937

FY 2020-21 Exp. Rank #2527

Balance

−349.99

Exports

67.37 ₹ Cr

0.0031% share

+211.47% YoY

3.51% of Sub-Ch. 2937

Imports

417.36 ₹ Cr

0.0143% share

−1.97% YoY

19.09% of Sub-Ch. 2937

FY 2021-22 Exp. Rank #3244

Balance

−296.59

Exports

54.72 ₹ Cr

0.0017% share

−18.78% YoY

2.83% of Sub-Ch. 2937

Imports

351.31 ₹ Cr

0.0077% share

−15.83% YoY

13.98% of Sub-Ch. 2937

FY 2022-23 Exp. Rank #2651

Balance

−279.84

Exports

91.74 ₹ Cr

0.0025% share

+67.65% YoY

4.28% of Sub-Ch. 2937

Imports

371.58 ₹ Cr

0.0065% share

+5.77% YoY

12.48% of Sub-Ch. 2937

FY 2023-24 Exp. Rank #1961

Balance

−285.00

Exports

170.03 ₹ Cr

0.0047% share

+85.34% YoY

6.66% of Sub-Ch. 2937

Imports

455.03 ₹ Cr

0.0081% share

+22.46% YoY

14.35% of Sub-Ch. 2937

FY 2024-25 Exp. Rank #1675

Balance

−309.48

Exports

234.23 ₹ Cr

0.0064% share

+37.76% YoY

8.56% of Sub-Ch. 2937

Imports

543.71 ₹ Cr

0.0089% share

+19.49% YoY

15.93% of Sub-Ch. 2937

CAGR · 7-Year

Exports

58.03% /yr

Imports

9.33% /yr

Consistently Deficit
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 29372300 Export-Import Analysis

Consistent Export Growth: 58.03% CAGR Over 7 Years

India's exports under HSN Code 29372300 have grown at a compound annual rate of 58.03% over 7 fiscal years, rising from ₹15.04 Crore in FY 2018-19 to ₹234.23 Crore in FY 2024-25.

HSN Code 29372300 Ranked #1675 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29372300 ranks #1675 out of 12657 HSN codes by total export value. Within Sub-Chapter 2937, it ranks #5 of 13. By trade surplus, it ranks #11606 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 29372300 Exports

The strongest single-year export movement for HSN Code 29372300 was recorded in FY 2020-21, when exports surged by 211.47% over the prior year.

India Records a Trade Deficit of ₹309.48 Crore in HSN Code 29372300 Goods

In FY 2024-25, India's imports of ₹543.71 Cr exceeded exports of ₹234.23 Cr, resulting in a trade deficit of ₹309.48 Crore — ranking #11606 of 12657 by surplus magnitude.

Import Growth of 9.33% CAGR Signals Stable Import Dependency for Oestrogens & Progestogens

India's imports under HSN Code 29372300 have grown at 9.33% CAGR, reaching ₹543.71 Crore in FY 2024-25.

HSN Code 29372300 Contributes 8.56% of Sub-Chapter 2937 Exports — Ranked #5

Among the 13 HSN codes under Sub-Chapter 2937, HSN Code 29372300 ranks #5 by export value — accounting for 8.56% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 15.93% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29372300 and GST compliance.

What products are classified under HSN 29372300 ?

It includes Oestrogens & Progestogens

Does packaging or labelling change the GST for Oestrogens & Progestogens?

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 Oestrogens & Progestogens?

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 Oestrogens & Progestogens?

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 Oestrogens & Progestogens is sold with other items?

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

Do e‑way bill and e‑invoice apply for Oestrogens & Progestogens?

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.

How much GST applies to Oestrogens & Progestogens?

Under HSN 29372300, Oestrogens & Progestogens attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.