HSN Code 29389090: Other Glycosides and Their Derivatives
HSN Code 29389090 represents Other Glycosides and Their Derivatives under GST classification. This code helps businesses identify Other Glycosides and Their Derivatives correctly for billing, taxation, and trade. With HSN Code 29389090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Glycosides and Their Derivatives.
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Description of Goods for HSN Code 29389090
HSN Code 29389090 relates to the following description.
What does HSN Code 29389090 not include?
Other Glycosides and Their Derivatives does not include products with the following descriptions.
Rutoside (rutin) and its derivatives
Other :Digoxin
Other :Digitalis glycosides
India’s Trade Performance — HSN Code 29389090 in FY 2024-25
India’s Exports
FY 2024-25₹422 Cr
0.0115% of India’s total exports
India’s Imports
FY 2024-25₹654 Cr
0.0108% of India’s total imports
Trade Balance
FY 2024-25−₹232 Cr
Surplus rank #11414 of 12657 HSN codes
% of Sub-Chapter 2938
FY 2024-2596.40%
Share of Sub-Chapter 2938’s total exports in FY 2024-25
Import side: 94.30% of Sub-Chapter 2938’s imports
Rank Within Sub-Chapter 2938
FY 2024-25#1 of 4
Position by export value among HSN codes in Sub-Chapter 2938
Import-side rank: #1 of 4
At a glance
8.22%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1143
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+34.69%
Peak Growth Year
FY 2020-21 · strongest single-year move
96.40%
Contribution to Sub-Ch. 2938
Share of Sub-Chapter 2938 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 29389090
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−218.00
Exports
262.95 ₹ Cr
0.0115% share
— YoY
93.69% of Sub-Ch. 2938
Imports
480.95 ₹ Cr
0.0134% share
— YoY
93.25% of Sub-Ch. 2938
Balance
−286.41
Exports
150.48 ₹ Cr
0.0068% share
−42.77% YoY
89.27% of Sub-Ch. 2938
Imports
436.89 ₹ Cr
0.0131% share
−9.16% YoY
91.96% of Sub-Ch. 2938
Balance
−317.53
Exports
202.68 ₹ Cr
0.0094% share
+34.69% YoY
89.57% of Sub-Ch. 2938
Imports
520.21 ₹ Cr
0.0179% share
+19.07% YoY
97.56% of Sub-Ch. 2938
Balance
−156.45
Exports
264.06 ₹ Cr
0.0084% share
+30.28% YoY
92.92% of Sub-Ch. 2938
Imports
420.51 ₹ Cr
0.0092% share
−19.17% YoY
89.85% of Sub-Ch. 2938
Balance
−218.23
Exports
326.08 ₹ Cr
0.0090% share
+23.49% YoY
94.83% of Sub-Ch. 2938
Imports
544.31 ₹ Cr
0.0095% share
+29.44% YoY
91.05% of Sub-Ch. 2938
Balance
−209.28
Exports
400.68 ₹ Cr
0.0111% share
+22.88% YoY
94.70% of Sub-Ch. 2938
Imports
609.96 ₹ Cr
0.0109% share
+12.06% YoY
94.59% of Sub-Ch. 2938
Balance
−231.94
Exports
422.44 ₹ Cr
0.0115% share
+5.43% YoY
96.40% of Sub-Ch. 2938
Imports
654.38 ₹ Cr
0.0108% share
+7.28% YoY
94.30% of Sub-Ch. 2938
CAGR · 7-Year
Exports
8.22% /yr
Imports
5.27% /yr
reference, FY 2024-25
Export
₹438.20 Cr
Import
₹693.93 Cr
Trade Balance
−255.73
Key Trade Insights: HSN Code 29389090 Export-Import Analysis
Consistent Export Growth: 8.22% CAGR Over 7 Years
India's exports under HSN Code 29389090 have grown at a compound annual rate of 8.22% over 7 fiscal years, rising from ₹262.95 Crore in FY 2018-19 to ₹422.44 Crore in FY 2024-25.
HSN Code 29389090 Ranked #1143 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 29389090 ranks #1143 out of 12657 HSN codes by total export value. Within Sub-Chapter 2938, it ranks #1 of 4. By trade surplus, it ranks #11414 of 12657.
FY 2020-21 Was the Strongest Growth Year for HSN Code 29389090 Exports
The strongest single-year export movement for HSN Code 29389090 was recorded in FY 2020-21, when exports surged by 34.69% over the prior year.
India Records a Trade Deficit of ₹231.94 Crore in HSN Code 29389090 Goods
In FY 2024-25, India's imports of ₹654.38 Cr exceeded exports of ₹422.44 Cr, resulting in a trade deficit of ₹231.94 Crore — ranking #11414 of 12657 by surplus magnitude.
Import Growth of 5.27% CAGR Signals Stable Import Dependency for Other Glycosides and Their Derivatives
India's imports under HSN Code 29389090 have grown at 5.27% CAGR, reaching ₹654.38 Crore in FY 2024-25.
HSN Code 29389090 Contributes 96.40% of Sub-Chapter 2938 Exports — Ranked #1
Among the 4 HSN codes under Sub-Chapter 2938, HSN Code 29389090 ranks #1 by export value — accounting for 96.40% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 94.30% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 29389090 and GST compliance.
What products are classified under HSN 29389090 ?
It includes Other Glycosides and Their Derivatives
Can we claim ITC on inputs used to trade Other Glycosides and Their Derivatives?
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 Other Glycosides and Their Derivatives is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Glycosides and Their Derivatives; Nil for exempt items if applicable).
How much GST applies to Other Glycosides and Their Derivatives?
Under HSN 29389090, Other Glycosides and Their Derivatives attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Any common misclassification issue with Other Glycosides and Their Derivatives?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Does packaging or labelling change the GST for Other Glycosides and Their Derivatives?
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.