--- title: "HSN Code for Steroidal hormones, their derivatives and structural analogues : Other | HSN 29372900 GST Rate" description: "Find HSN and GST Rates for 29372900 related to Steroidal hormones, their derivatives and structural analogues : Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29372900/" --- # HSN Code 29372900: Steroidal hormones, their derivatives and structural analogues : Other - [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 | | --- | --- | --- | --- | --- | | Steroidal hormones, their derivatives and structural analogues :Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29372900 ? It includes Steroidal hormones, their derivatives and structural analogues : Other ### Can we claim ITC on inputs used to trade Steroidal hormones, their derivatives and structural analogues : Other? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Steroidal hormones, their derivatives and structural analogues : Other? Under HSN 29372900, Steroidal hormones, their derivatives and structural analogues : Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Steroidal hormones, their derivatives and structural analogues : Other? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Steroidal hormones, their derivatives and structural analogues : Other? 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. ### Does packaging or labelling change the GST for Steroidal hormones, their derivatives and structural analogues : Other? 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. ## India's trade performance: HSN Code 29372900 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹991 Cr (+11.38% YoY) — 0.0269% of India's total exports - Imports: ₹917 Cr (−15.78% YoY) — 0.0151% of India's total imports - Trade balance: ₹74 Cr (Surplus); surplus rank #1838 of 12657 HSN codes - Share of Sub-Chapter 2937: 36.22% of its exports; import side 26.87% - Rank within Sub-Chapter 2937: #1 of 13 by export value; import-side #1 ### Key metrics - Export CAGR: 7.80% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #532 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +13.20% in FY 2020-21 - Contribution to Sub-Ch. 2937: 36.22% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29372900 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 | 631.21 | 0.0276% | — | 41.16% | 595.19 | 0.0166% | — | 26.67% | +36.02 | #520 | | FY 2019-20 | 663.83 | 0.0302% | +5.17% | 38.79% | 502.01 | 0.0150% | −15.66% | 22.66% | +161.82 | #502 | | FY 2020-21 | 751.47 | 0.0349% | +13.20% | 39.10% | 599.41 | 0.0206% | +19.40% | 27.42% | +152.06 | #469 | | FY 2021-22 | 775.30 | 0.0247% | +3.17% | 40.07% | 721.34 | 0.0158% | +20.34% | 28.71% | +53.96 | #574 | | FY 2022-23 | 853.13 | 0.0236% | +10.04% | 39.77% | 820.13 | 0.0143% | +13.70% | 27.56% | +33.00 | #577 | | FY 2023-24 | 889.52 | 0.0246% | +4.27% | 34.85% | 1,088.73 | 0.0194% | +32.75% | 34.34% | −199.21 | #564 | | FY 2024-25 | 990.74 | 0.0269% | +11.38% | 36.22% | 916.89 | 0.0151% | −15.78% | 26.87% | +73.85 | #532 | - CAGR (7-year): exports 7.80%/yr, imports 7.47%/yr (consistently Surplus) ## Key trade insights: HSN Code 29372900 export-import analysis ### Consistent export growth: 7.80% CAGR over 7 years India's exports under HSN Code 29372900 have grown at a compound annual rate of 7.80% over 7 fiscal years, rising from ₹631.21 Crore in FY 2018-19 to ₹990.74 Crore in FY 2024-25. ### HSN Code 29372900 ranked #532 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29372900 ranks #532 out of 12657 HSN codes by total export value. Within Sub-Chapter 2937, it ranks #1 of 13. By trade surplus, it ranks #1838 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 29372900 exports The strongest single-year export movement for HSN Code 29372900 was recorded in FY 2020-21, when exports surged by 13.20% over the prior year. ### India maintains a trade surplus of ₹73.85 Crore in HSN Code 29372900 goods In FY 2024-25, India's exports of ₹990.74 Cr exceeded imports of ₹916.89 Cr, resulting in a trade surplus of ₹73.85 Crore — ranking #1838 of 12657 by surplus magnitude. ### Import growth of 7.47% CAGR signals stable import dependency for Steroidal hormones, their derivatives and structural analogues : Other India's imports under HSN Code 29372900 have grown at 7.47% CAGR, reaching ₹916.89 Crore in FY 2024-25. ### HSN Code 29372900 contributes 36.22% of Sub-Chapter 2937 exports — ranked #1 Among the 13 HSN codes under Sub-Chapter 2937, HSN Code 29372900 ranks #1 by export value — accounting for 36.22% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 26.87% share (rank #1). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-29371900/) | ₹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 |