---
title: "HSN Code for Steroids and Derivatives | HSN 29420031 GST Rate"
description: "Find HSN and GST Rates for 29420031 related to Steroids and Derivatives with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-29420031/"
---

# HSN Code 29420031: Steroids and Derivatives

- [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 2942: Other organic compounds](https://busy.in/hsn/sub-chapter-2942/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Other organic compounds : Diloxanide furoate, cimetidine, oxyclozanide, famotidine : Diloxanide furoate | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 29420031 ?

It includes Steroids and Derivatives

### How much GST applies to Steroids and Derivatives?

Under HSN 29420031, Steroids and Derivatives attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Steroids and Derivatives?

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 Steroids and Derivatives is sold with other items?

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

### Does packaging or labelling change the GST for Steroids and 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.

### Do e‑way bill and e‑invoice apply for Steroids and Derivatives?

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 29420031 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹29 Cr (−4.54% YoY) — 0.0008% of India's total exports
- Imports: Nil — 0.0000% of India's total imports
- Trade balance: ₹29 Cr (Surplus); surplus rank #2541 of 12657 HSN codes
- Share of Sub-Chapter 2942: 0.27% of its exports; import side 0.00%
- Rank within Sub-Chapter 2942: #10 of 18 by export value

### Key metrics

- Export CAGR: 2.64% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4355 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +62.76% in FY 2023-24
- Contribution to Sub-Ch. 2942: 0.27% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 29420031

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. 2942 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2942 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 25.19 | 0.0011% | — | 0.30% | Nil | 0.0000% | — | 0.00% | +25.19 | #3796 |
| FY 2019-20 | 22.87 | 0.0010% | −9.21% | 0.27% | Nil | 0.0000% | — | 0.00% | +22.87 | #3936 |
| FY 2020-21 | 26.90 | 0.0013% | +17.62% | 0.29% | Nil | 0.0000% | — | 0.00% | +26.90 | #3805 |
| FY 2021-22 | 24.12 | 0.0008% | −10.33% | 0.25% | Nil | 0.0000% | — | 0.00% | +24.12 | #4344 |
| FY 2022-23 | 18.96 | 0.0005% | −21.39% | 0.17% | Nil | 0.0000% | — | 0.00% | +18.96 | #4741 |
| FY 2023-24 | 30.86 | 0.0009% | +62.76% | 0.28% | Nil | 0.0000% | — | 0.00% | +30.86 | #4205 |
| FY 2024-25 | 29.46 | 0.0008% | −4.54% | 0.27% | Nil | 0.0000% | — | 0.00% | +29.46 | #4355 |

- CAGR (7-year): exports 2.64%/yr, imports —/yr (consistently Surplus)

## Key trade insights: HSN Code 29420031 export-import analysis

### Consistent export growth: 2.64% CAGR over 7 years

India's exports under HSN Code 29420031 have grown at a compound annual rate of 2.64% over 7 fiscal years, rising from ₹25.19 Crore in FY 2018-19 to ₹29.46 Crore in FY 2024-25.

### HSN Code 29420031 ranked #4355 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 29420031 ranks #4355 out of 12657 HSN codes by total export value. Within Sub-Chapter 2942, it ranks #10 of 18. By trade surplus, it ranks #2541 of 12657.

### FY 2023-24 was the strongest growth year for HSN Code 29420031 exports

The strongest single-year export movement for HSN Code 29420031 was recorded in FY 2023-24, when exports surged by 62.76% over the prior year.

### India maintains a trade surplus of ₹29.46 Crore in HSN Code 29420031 goods

In FY 2024-25, India's exports of ₹29.46 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹29.46 Crore — ranking #2541 of 12657 by surplus magnitude.

### HSN Code 29420031 contributes 0.27% of Sub-Chapter 2942 exports — ranked #10

Among the 18 HSN codes under Sub-Chapter 2942, HSN Code 29420031 ranks #10 by export value — accounting for 0.27% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

## Related HSN Codes in Sub-Chapter 2942

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 29420090: Other Organic Compounds](https://busy.in/hsn/hsn-29420090/) | ₹9,509 Cr |
| #2 | [HSN Code 29420012: Dane’s Salt of D(-) Phenyl Glycine](https://busy.in/hsn/hsn-29420012/) | ₹616 Cr |
| #3 | [HSN Code 29420011: Semiconductor/Photomask Inspection Instruments](https://busy.in/hsn/hsn-29420011/) | ₹165 Cr |
| #4 | [HSN Code 29420034: Famotidine](https://busy.in/hsn/hsn-29420034/) | ₹121 Cr |
| #5 | [HSN Code 29420027: Amitryptyline HCl](https://busy.in/hsn/hsn-29420027/) | ₹92 Cr |
| #6 | [HSN Code 29420014: Nifedipine](https://busy.in/hsn/hsn-29420014/) | ₹82 Cr |
| #7 | [HSN Code 29420033: Oxyclozanide](https://busy.in/hsn/hsn-29420033/) | ₹54 Cr |
| #8 | [HSN Code 29420025: Ranitidine](https://busy.in/hsn/hsn-29420025/) | ₹49 Cr |
| #9 | [HSN Code 29420021: Terbutoline Sulphate](https://busy.in/hsn/hsn-29420021/) | ₹41 Cr |
| #10 | HSN Code 29420031: Steroids and Derivatives (this hsn code) | ₹29 Cr |