HSN Code 29372900: Steroidal hormones, their derivatives and structural analogues : Other

HSN Code 29372900 represents Steroidal hormones, their derivatives and structural analogues : Other under GST classification. This code helps businesses identify Steroidal hormones, their derivatives and structural analogues : Other correctly for billing, taxation, and trade. With HSN Code 29372900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Steroidal hormones, their derivatives and structural analogues : Other.

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Description of Goods for HSN Code 29372900

HSN Code 29372900 relates to the following description.

Description of Goods

Steroidal hormones, their derivatives and structural analogues :Other

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 29372900 not include?

Steroidal hormones, their derivatives and structural analogues : Other 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

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 29372900 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

₹991 Cr

+11.38% vs FY 2023-24

0.0269% of India’s total exports

India’s Imports

FY 2024-25

₹917 Cr

−15.78% vs FY 2023-24

0.0151% of India’s total imports

Trade Balance

FY 2024-25

₹74 Cr

Trade Surplus

Surplus rank #1838 of 12657 HSN codes

% of Sub-Chapter 2937

FY 2024-25

36.22%

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

Import side: 26.87% of Sub-Chapter 2937’s imports

Rank Within Sub-Chapter 2937

FY 2024-25

#1 of 13

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

Import-side rank: #1 of 13

At a glance

7.80%

Export CAGR

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

#532

National Export Rank

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

+13.20%

Peak Growth Year

FY 2020-21 · strongest single-year move

36.22%

Contribution to Sub-Ch. 2937

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #520

Balance

+36.02

Exports

631.21 ₹ Cr

0.0276% share

YoY

41.16% of Sub-Ch. 2937

Imports

595.19 ₹ Cr

0.0166% share

YoY

26.67% of Sub-Ch. 2937

FY 2019-20 Exp. Rank #502

Balance

+161.82

Exports

663.83 ₹ Cr

0.0302% share

+5.17% YoY

38.79% of Sub-Ch. 2937

Imports

502.01 ₹ Cr

0.0150% share

−15.66% YoY

22.66% of Sub-Ch. 2937

FY 2020-21 Exp. Rank #469

Balance

+152.06

Exports

751.47 ₹ Cr

0.0349% share

+13.20% YoY

39.10% of Sub-Ch. 2937

Imports

599.41 ₹ Cr

0.0206% share

+19.40% YoY

27.42% of Sub-Ch. 2937

FY 2021-22 Exp. Rank #574

Balance

+53.96

Exports

775.30 ₹ Cr

0.0247% share

+3.17% YoY

40.07% of Sub-Ch. 2937

Imports

721.34 ₹ Cr

0.0158% share

+20.34% YoY

28.71% of Sub-Ch. 2937

FY 2022-23 Exp. Rank #577

Balance

+33.00

Exports

853.13 ₹ Cr

0.0236% share

+10.04% YoY

39.77% of Sub-Ch. 2937

Imports

820.13 ₹ Cr

0.0143% share

+13.70% YoY

27.56% of Sub-Ch. 2937

FY 2023-24 Exp. Rank #564

Balance

−199.21

Exports

889.52 ₹ Cr

0.0246% share

+4.27% YoY

34.85% of Sub-Ch. 2937

Imports

1,088.73 ₹ Cr

0.0194% share

+32.75% YoY

34.34% of Sub-Ch. 2937

FY 2024-25 Exp. Rank #532

Balance

+73.85

Exports

990.74 ₹ Cr

0.0269% share

+11.38% YoY

36.22% of Sub-Ch. 2937

Imports

916.89 ₹ Cr

0.0151% share

−15.78% YoY

26.87% of Sub-Ch. 2937

CAGR · 7-Year

Exports

7.80% /yr

Imports

7.47% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29372900 and GST compliance.

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.

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.