--- title: "HSN Code for Streptomycin | HSN 29412010 GST Rate" description: "Find HSN and GST Rates for 29412010 related to Streptomycin with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29412010/" --- # HSN Code 29412010: Streptomycin - [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 2941: Antibiotics](https://busy.in/hsn/sub-chapter-2941/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Penicillins and their derivative with a penicillanic acid structure; salts thereof :Streptomycins and their derivatives; salts thereof : Streptomycin | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29412010 ? It includes Streptomycin ### How should mixed supplies be billed when Streptomycin is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Streptomycin; Nil for exempt items if applicable). ### Any common misclassification issue with Streptomycin? 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 Streptomycin? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Streptomycin? 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. ### How much GST applies to Streptomycin? Under HSN 29412010, Streptomycin attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Streptomycin? 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. ## India's trade performance: HSN Code 29412010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+300.00% YoY) — 0.0000% of India's total exports - Imports: ₹39 Cr (+115.77% YoY) — 0.0006% of India's total imports - Trade balance: −₹39 Cr (Deficit); surplus rank #10057 of 12657 HSN codes - Share of Sub-Chapter 2941: 0.00% of its exports; import side 0.23% - Rank within Sub-Chapter 2941: #21 of 24 by export value; import-side #17 ### Key metrics - Export CAGR: 8.15% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9843 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +300.00% in FY 2024-25 - Contribution to Sub-Ch. 2941: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29412010 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. 2941 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2941 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.00% | 23.14 | 0.0006% | — | 0.23% | −23.09 | #9496 | | FY 2019-20 | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | 21.32 | 0.0006% | −7.87% | 0.23% | −21.27 | #9466 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −20.00% | 0.00% | 29.14 | 0.0010% | +36.68% | 0.27% | −29.10 | #9622 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +50.00% | 0.00% | 52.20 | 0.0011% | +79.14% | 0.42% | −52.14 | #9749 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +183.33% | 0.00% | 39.16 | 0.0007% | −24.98% | 0.29% | −38.99 | #9384 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −88.24% | 0.00% | 18.14 | 0.0003% | −53.68% | 0.11% | −18.12 | #10338 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +300.00% | 0.00% | 39.14 | 0.0006% | +115.77% | 0.23% | −39.06 | #9843 | - CAGR (7-year): exports 8.15%/yr, imports 9.15%/yr (consistently Deficit) ## Key trade insights: HSN Code 29412010 export-import analysis ### Consistent export growth: 8.15% CAGR over 7 years India's exports under HSN Code 29412010 have grown at a compound annual rate of 8.15% over 7 fiscal years, rising from ₹0.05 Crore in FY 2018-19 to ₹0.08 Crore in FY 2024-25. ### HSN Code 29412010 ranked #9843 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29412010 ranks #9843 out of 12657 HSN codes by total export value. Within Sub-Chapter 2941, it ranks #21 of 24. By trade surplus, it ranks #10057 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 29412010 exports The strongest single-year export movement for HSN Code 29412010 was recorded in FY 2024-25, when exports surged by 300.00% over the prior year. ### India records a trade deficit of ₹39.06 Crore in HSN Code 29412010 goods In FY 2024-25, India's imports of ₹39.14 Cr exceeded exports of ₹0.08 Cr, resulting in a trade deficit of ₹39.06 Crore — ranking #10057 of 12657 by surplus magnitude. ### Import growth of 9.15% CAGR signals stable import dependency for Streptomycin India's imports under HSN Code 29412010 have grown at 9.15% CAGR, reaching ₹39.14 Crore in FY 2024-25. ### HSN Code 29412010 contributes 0.00% of Sub-Chapter 2941 exports — ranked #21 Among the 24 HSN codes under Sub-Chapter 2941, HSN Code 29412010 ranks #21 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.23% share (rank #17). ## Related HSN Codes in Sub-Chapter 2941 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29419090: Antibiotics: Other](https://busy.in/hsn/hsn-29419090/) | ₹4,772 Cr | | #2 | [HSN Code 29411030: Amoxycillin and Its Salts](https://busy.in/hsn/hsn-29411030/) | ₹1,555 Cr | | #3 | [HSN Code 29415000: Erythromycin and its derivatives; salts thereof](https://busy.in/hsn/hsn-29415000/) | ₹913 Cr | | #4 | [HSN Code 29411090: Other Penicillins (Penicillanic Acid Structure)](https://busy.in/hsn/hsn-29411090/) | ₹705 Cr | | #5 | [HSN Code 29411020: Ampicillin and Salts](https://busy.in/hsn/hsn-29411020/) | ₹231 Cr | | #6 | [HSN Code 29419030: Other \| Ciprofloxacine And Its Salts0](https://busy.in/hsn/hsn-29419030/) | ₹211 Cr | | #7 | [HSN Code 29411040: Cloxacillin and Its Salts](https://busy.in/hsn/hsn-29411040/) | ₹194 Cr | | #8 | [HSN Code 29419019: Other \| Parts And Accessories For Pianos](https://busy.in/hsn/hsn-29419019/) | ₹91 Cr | | #9 | [HSN Code 29419011: Other : Rifampicin and its salts :Rifampicin](https://busy.in/hsn/hsn-29419011/) | ₹83 Cr | | #10 | [HSN Code 29419020: Other \| Cephalexin And Its Salts](https://busy.in/hsn/hsn-29419020/) | ₹82 Cr | | #21 | HSN Code 29412010: Streptomycin (this hsn code) | < ₹1 Crore |