HSN Code 29419011: Other : Rifampicin and its salts :Rifampicin

HSN Code 29419011 represents Other : Rifampicin and its salts :Rifampicin under GST classification. This code helps businesses identify Other : Rifampicin and its salts :Rifampicin correctly for billing, taxation, and trade. With HSN Code 29419011, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other : Rifampicin and its salts :Rifampicin.

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Description of Goods for HSN Code 29419011

HSN Code 29419011 relates to the following description.

Description of Goods

Other : Rifampicin and its salts :Rifampicin

Chapter

29 - Organic chemicals

Sub Chapter

2941 - Antibiotics

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29419011 not include?

Other : Rifampicin and its salts :Rifampicin does not include products with the following descriptions.

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Penicillins and its salts ( e.g. procaine penicillin, penicillin G-potassium)

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Ampicilline and its salts

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Amoxycilline and its salts

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Cioxacilline and its salts

Penicillins and their derivative with a penicillanic acid structure; salts thereof : 6-APA

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Other

Penicillins and their derivative with a penicillanic acid structure; salts thereof :Streptomycins and their derivatives; salts thereof : Streptomycin

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Other

Tetracyclines and their derivatives, salts thereof : Doxycycline and its salts

Tetracyclines and their derivatives, salts thereof :Tetracycline/oxytetra-cycline and their salts

India’s Trade Performance — HSN Code 29419011 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

₹83 Cr

+4.27% vs FY 2023-24

0.0023% of India’s total exports

India’s Imports

FY 2024-25

₹378 Cr

+399.39% vs FY 2023-24

0.0062% of India’s total imports

Trade Balance

FY 2024-25

−₹295 Cr

Trade Deficit

Surplus rank #11580 of 12657 HSN codes

% of Sub-Chapter 2941

FY 2024-25

0.93%

Share of Sub-Chapter 2941’s total exports in FY 2024-25

Import side: 2.24% of Sub-Chapter 2941’s imports

Rank Within Sub-Chapter 2941

FY 2024-25

#9 of 24

Position by export value among HSN codes in Sub-Chapter 2941

Import-side rank: #7 of 24

At a glance

24.70%

Export CAGR

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

#2921

National Export Rank

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

+199.77%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.93%

Contribution to Sub-Ch. 2941

Share of Sub-Chapter 2941 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29419011

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 #3975

Balance

−104.94

Exports

22.12 ₹ Cr

0.0010% share

YoY

0.36% of Sub-Ch. 2941

Imports

127.06 ₹ Cr

0.0035% share

YoY

1.25% of Sub-Ch. 2941

FY 2019-20 Exp. Rank #2510

Balance

−151.42

Exports

66.31 ₹ Cr

0.0030% share

+199.77% YoY

1.11% of Sub-Ch. 2941

Imports

217.73 ₹ Cr

0.0065% share

+71.36% YoY

2.31% of Sub-Ch. 2941

FY 2020-21 Exp. Rank #3081

Balance

−157.01

Exports

45.23 ₹ Cr

0.0021% share

−31.79% YoY

0.66% of Sub-Ch. 2941

Imports

202.24 ₹ Cr

0.0069% share

−7.11% YoY

1.85% of Sub-Ch. 2941

FY 2021-22 Exp. Rank #3125

Balance

−195.36

Exports

59.94 ₹ Cr

0.0019% share

+32.52% YoY

1.03% of Sub-Ch. 2941

Imports

255.30 ₹ Cr

0.0056% share

+26.24% YoY

2.05% of Sub-Ch. 2941

FY 2022-23 Exp. Rank #2818

Balance

−76.50

Exports

81.62 ₹ Cr

0.0023% share

+36.17% YoY

1.07% of Sub-Ch. 2941

Imports

158.12 ₹ Cr

0.0028% share

−38.07% YoY

1.19% of Sub-Ch. 2941

FY 2023-24 Exp. Rank #2870

Balance

+4.08

Exports

79.78 ₹ Cr

0.0022% share

−2.25% YoY

0.92% of Sub-Ch. 2941

Imports

75.70 ₹ Cr

0.0013% share

−52.13% YoY

0.46% of Sub-Ch. 2941

FY 2024-25 Exp. Rank #2921

Balance

−294.85

Exports

83.19 ₹ Cr

0.0023% share

+4.27% YoY

0.93% of Sub-Ch. 2941

Imports

378.04 ₹ Cr

0.0062% share

+399.39% YoY

2.24% of Sub-Ch. 2941

CAGR · 7-Year

Exports

24.70% /yr

Imports

19.93% /yr

Consistently Deficit
Sub-Chapter 2941 total

reference, FY 2024-25

Export

₹8,911.10 Cr

Import

₹16,863.86 Cr

Trade Balance

−7,952.76

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 29419011 Export-Import Analysis

Consistent Export Growth: 24.70% CAGR Over 7 Years

India's exports under HSN Code 29419011 have grown at a compound annual rate of 24.70% over 7 fiscal years, rising from ₹22.12 Crore in FY 2018-19 to ₹83.19 Crore in FY 2024-25.

HSN Code 29419011 Ranked #2921 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29419011 ranks #2921 out of 12657 HSN codes by total export value. Within Sub-Chapter 2941, it ranks #9 of 24. By trade surplus, it ranks #11580 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 29419011 Exports

The strongest single-year export movement for HSN Code 29419011 was recorded in FY 2019-20, when exports surged by 199.77% over the prior year.

India Records a Trade Deficit of ₹294.85 Crore in HSN Code 29419011 Goods

In FY 2024-25, India's imports of ₹378.04 Cr exceeded exports of ₹83.19 Cr, resulting in a trade deficit of ₹294.85 Crore — ranking #11580 of 12657 by surplus magnitude.

Import Growth of 19.93% CAGR Signals Rising Demand for Other : Rifampicin and its salts :Rifampicin

India's imports under HSN Code 29419011 have grown at 19.93% CAGR, reaching ₹378.04 Crore in FY 2024-25.

HSN Code 29419011 Contributes 0.93% of Sub-Chapter 2941 Exports — Ranked #9

Among the 24 HSN codes under Sub-Chapter 2941, HSN Code 29419011 ranks #9 by export value — accounting for 0.93% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.24% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29419011 and GST compliance.

What products are classified under HSN 29419011 ?

It includes Other : Rifampicin and its salts :Rifampicin

How much GST applies to Other : Rifampicin and its salts :Rifampicin?

Under HSN 29419011, Other : Rifampicin and its salts :Rifampicin attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Other : Rifampicin and its salts :Rifampicin?

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 : Rifampicin and its salts :Rifampicin is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other : Rifampicin and its salts :Rifampicin; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Other : Rifampicin and its salts :Rifampicin?

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.

Do e‑way bill and e‑invoice apply for Other : Rifampicin and its salts :Rifampicin?

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.

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.