HSN Code 29420014: Nifedipine

HSN Code 29420014 represents Nifedipine under GST classification. This code helps businesses identify Nifedipine correctly for billing, taxation, and trade. With HSN Code 29420014, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Nifedipine.

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Description of Goods for HSN Code 29420014

HSN Code 29420014 relates to the following description.

Description of Goods

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Ranitidine

Chapter

29 - Organic chemicals

Sub Chapter

2942 - Other organic compounds

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29420014 not include?

Nifedipine does not include products with the following descriptions.

HSN Code 29420011

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Cefadroxil and its salts

HSN Code 29420012

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Ibuprofane

HSN Code 29420013

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Nifedipine

HSN Code 29420015

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Danes salt of D(-) phenyl glycine

HSN Code 29420016

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : D(-) para hydroxy dane’s salts

HSN Code 29420021

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol :Timolo maleate

HSN Code 29420022

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol :Terbutoline sulphate

HSN Code 29420023

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : D(-) phenyl glycin chloride HCL (DPGCH)

HSN Code 29420024

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : Imipramine HCl

HSN Code 29420025

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : Amitryptyline HCl

HSN Code 29420026

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : Cysteanune HCl

HSN Code 29420027

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : Atenolol, propronalol

HSN Code 29420031

Other organic compounds : Diloxanide furoate, cimetidine, oxyclozanide, famotidine : Diloxanide furoate

HSN Code 29420032

Other organic compounds : Diloxanide furoate, cimetidine, oxyclozanide, famotidine : Cimetidine

HSN Code 29420033

Other organic compounds : Diloxanide furoate, cimetidine, oxyclozanide, famotidine : Oxyclozanide

HSN Code 29420034

Other organic compounds : Diloxanide furoate, cimetidine, oxyclozanide, famotidine : Famotidine

India’s Trade Performance — HSN Code 29420014 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

₹82 Cr

+4.60% vs FY 2023-24

0.0022% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+24.68% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹82 Cr

Trade Surplus

Surplus rank #1756 of 12657 HSN codes

% of Sub-Chapter 2942

FY 2024-25

0.76%

Share of Sub-Chapter 2942’s total exports in FY 2024-25

Import side: 0.03% of Sub-Chapter 2942’s imports

Rank Within Sub-Chapter 2942

FY 2024-25

#6 of 18

Position by export value among HSN codes in Sub-Chapter 2942

Import-side rank: #11 of 18

At a glance

−21.67%

Export CAGR

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

#2933

National Export Rank

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

+17.85%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.76%

Contribution to Sub-Ch. 2942

Share of Sub-Chapter 2942 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29420014

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 #863

Balance

+355.71

Exports

357.16 ₹ Cr

0.0156% share

— YoY

4.28% of Sub-Ch. 2942

Imports

1.45 ₹ Cr

0.0000% share

— YoY

0.05% of Sub-Ch. 2942

FY 2019-20 Exp. Rank #1364

Balance

+189.09

Exports

191.77 ₹ Cr

0.0087% share

−46.31% YoY

2.29% of Sub-Ch. 2942

Imports

2.68 ₹ Cr

0.0001% share

+84.83% YoY

0.08% of Sub-Ch. 2942

FY 2020-21 Exp. Rank #2363

Balance

+58.80

Exports

77.41 ₹ Cr

0.0036% share

−59.63% YoY

0.82% of Sub-Ch. 2942

Imports

18.61 ₹ Cr

0.0006% share

+594.40% YoY

0.49% of Sub-Ch. 2942

FY 2021-22 Exp. Rank #2750

Balance

+74.42

Exports

77.13 ₹ Cr

0.0025% share

−0.36% YoY

0.80% of Sub-Ch. 2942

Imports

2.71 ₹ Cr

0.0001% share

−85.44% YoY

0.07% of Sub-Ch. 2942

FY 2022-23 Exp. Rank #3091

Balance

+66.14

Exports

66.90 ₹ Cr

0.0018% share

−13.26% YoY

0.59% of Sub-Ch. 2942

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−71.96% YoY

0.02% of Sub-Ch. 2942

FY 2023-24 Exp. Rank #2886

Balance

+78.07

Exports

78.84 ₹ Cr

0.0022% share

+17.85% YoY

0.72% of Sub-Ch. 2942

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+1.32% YoY

0.02% of Sub-Ch. 2942

FY 2024-25 Exp. Rank #2933

Balance

+81.51

Exports

82.47 ₹ Cr

0.0022% share

+4.60% YoY

0.76% of Sub-Ch. 2942

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+24.68% YoY

0.03% of Sub-Ch. 2942

CAGR · 7-Year

Exports

−21.67% /yr

Imports

−6.64% /yr

Consistently Surplus
Sub-Chapter 2942 total

reference, FY 2024-25

Export

₹10,794.01 Cr

Import

₹3,330.48 Cr

Trade Balance

+7,463.53

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

Key Trade Insights: HSN Code 29420014 Export-Import Analysis

Export Decline: −21.67% CAGR Over 7 Years

India's exports under HSN Code 29420014 have declined at a compound annual rate of −21.67% over 7 fiscal years, falling from ₹357.16 Crore in FY 2018-19 to ₹82.47 Crore in FY 2024-25.

HSN Code 29420014 Ranked #2933 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29420014 ranks #2933 out of 12657 HSN codes by total export value. Within Sub-Chapter 2942, it ranks #6 of 18. By trade surplus, it ranks #1756 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 29420014 Exports

The strongest single-year export movement for HSN Code 29420014 was recorded in FY 2023-24, when exports surged by 17.85% over the prior year.

India Maintains a Trade Surplus of ₹81.51 Crore in HSN Code 29420014 Goods

In FY 2024-25, India's exports of ₹82.47 Cr exceeded imports of ₹0.96 Cr, resulting in a trade surplus of ₹81.51 Crore — ranking #1756 of 12657 by surplus magnitude.

Import Growth of −6.64% CAGR Signals Stable Import Dependency for Nifedipine

India's imports under HSN Code 29420014 have grown at −6.64% CAGR, reaching ₹0.96 Crore in FY 2024-25.

HSN Code 29420014 Contributes 0.76% of Sub-Chapter 2942 Exports — Ranked #6

Among the 18 HSN codes under Sub-Chapter 2942, HSN Code 29420014 ranks #6 by export value — accounting for 0.76% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #11).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29420014 and GST compliance.

What products are classified under HSN 29420014 ?

It includes Nifedipine

Any common misclassification issue with Nifedipine?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Nifedipine is sold with other items?

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

Do e‑way bill and e‑invoice apply for Nifedipine?

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.

Can we claim ITC on inputs used to trade Nifedipine?

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 Nifedipine?

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 Nifedipine?

Under HSN 29420014, Nifedipine attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.