HSN Code 29400000 represents Cortisone/Hydrocortisone/Prednisone/Prednisolone under GST classification. This code helps businesses identify Cortisone/Hydrocortisone/Prednisone/Prednisolone correctly for billing, taxation, and trade. With HSN Code 29400000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cortisone/Hydrocortisone/Prednisone/Prednisolone.
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HSN Code 29400000 relates to the following description.
Organic chemicals
Sugars, chemically pure, other than sucrose actose, maltose, glucose and fructose; sugar ethers, sugar acetals and sugar esters and their salts, other than products of headings 2937, 2938 or 2939
Sugars, chemically pure, other than sucrose actose, maltose, glucose and fructose; sugar ethers, sugar acetals and sugar esters and their salts, other than products of headings 2937, 2938 or 2939
9%
9%
18%
0%
Description of Goods
Sugars, chemically pure, other than sucrose actose, maltose, glucose and fructose; sugar ethers, sugar acetals and sugar esters and their salts, other than products of headings 2937, 2938 or 2939
Chapter
29 - Organic chemicals
Sub Chapter
2940 - Sugars, chemically pure, other than sucrose actose, maltose, glucose and fructose; sugar ethers, sugar acetals and sugar esters and their salts, other than products of headings 2937, 2938 or 2939
CGST
9%
SGST
9%
IGST
18%
CESS
0%
India’s Exports
FY 2024-25₹210 Cr
0.0057% of India’s total exports
India’s Imports
FY 2024-25₹498 Cr
0.0082% of India’s total imports
Trade Balance
FY 2024-25−₹288 Cr
Surplus rank #11565 of 12657 HSN codes
% of Sub-Chapter 2940
FY 2024-25100.00%
Share of Sub-Chapter 2940’s total exports in FY 2024-25
Import side: 100.00% of Sub-Chapter 2940’s imports
Rank Within Sub-Chapter 2940
FY 2024-25#1 of 1
Position by export value among HSN codes in Sub-Chapter 2940
Import-side rank: #1 of 1
At a glance
16.79%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1787
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+72.78%
Peak Growth Year
FY 2020-21 · strongest single-year move
100.00%
Contribution to Sub-Ch. 2940
Share of Sub-Chapter 2940 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−111.18
Exports
82.60 ₹ Cr
0.0036% share
— YoY
100.00% of Sub-Ch. 2940
Imports
193.78 ₹ Cr
0.0054% share
— YoY
100.00% of Sub-Ch. 2940
Balance
−102.38
Exports
87.58 ₹ Cr
0.0040% share
+6.03% YoY
100.00% of Sub-Ch. 2940
Imports
189.96 ₹ Cr
0.0057% share
−1.97% YoY
100.00% of Sub-Ch. 2940
Balance
−82.43
Exports
151.32 ₹ Cr
0.0070% share
+72.78% YoY
100.00% of Sub-Ch. 2940
Imports
233.75 ₹ Cr
0.0080% share
+23.05% YoY
100.00% of Sub-Ch. 2940
Balance
−496.99
Exports
187.18 ₹ Cr
0.0060% share
+23.70% YoY
100.00% of Sub-Ch. 2940
Imports
684.17 ₹ Cr
0.0150% share
+192.69% YoY
100.00% of Sub-Ch. 2940
Balance
−69.45
Exports
315.13 ₹ Cr
0.0087% share
+68.36% YoY
100.00% of Sub-Ch. 2940
Imports
384.58 ₹ Cr
0.0067% share
−43.79% YoY
100.00% of Sub-Ch. 2940
Balance
−65.59
Exports
308.79 ₹ Cr
0.0085% share
−2.01% YoY
100.00% of Sub-Ch. 2940
Imports
374.38 ₹ Cr
0.0067% share
−2.65% YoY
100.00% of Sub-Ch. 2940
Balance
−288.46
Exports
209.57 ₹ Cr
0.0057% share
−32.13% YoY
100.00% of Sub-Ch. 2940
Imports
498.03 ₹ Cr
0.0082% share
+33.03% YoY
100.00% of Sub-Ch. 2940
CAGR · 7-Year
Exports
16.79% /yr
Imports
17.04% /yr
reference, FY 2024-25
Export
₹209.57 Cr
Import
₹498.03 Cr
Trade Balance
−288.46
India's exports under HSN Code 29400000 have grown at a compound annual rate of 16.79% over 7 fiscal years, rising from ₹82.60 Crore in FY 2018-19 to ₹209.57 Crore in FY 2024-25.
In FY 2024-25, HSN Code 29400000 ranks #1787 out of 12657 HSN codes by total export value. Within Sub-Chapter 2940, it ranks #1 of 1. By trade surplus, it ranks #11565 of 12657.
The strongest single-year export movement for HSN Code 29400000 was recorded in FY 2020-21, when exports surged by 72.78% over the prior year.
In FY 2024-25, India's imports of ₹498.03 Cr exceeded exports of ₹209.57 Cr, resulting in a trade deficit of ₹288.46 Crore — ranking #11565 of 12657 by surplus magnitude.
India's imports under HSN Code 29400000 have grown at 17.04% CAGR, reaching ₹498.03 Crore in FY 2024-25.
Among the 1 HSN codes under Sub-Chapter 2940, HSN Code 29400000 ranks #1 by export value — accounting for 100.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 100.00% share (rank #1).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 29400000 and GST compliance.
It includes Cortisone/Hydrocortisone/Prednisone/Prednisolone
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cortisone/Hydrocortisone/Prednisone/Prednisolone; Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 29400000, Cortisone/Hydrocortisone/Prednisone/Prednisolone attracts Varies when sold in taxable form. Describe the exact form on the invoice.