HSN Code 29420031: Steroids and Derivatives

HSN Code 29420031 represents Steroids and Derivatives under GST classification. This code helps businesses identify Steroids and Derivatives correctly for billing, taxation, and trade. With HSN Code 29420031, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Steroids and Derivatives.

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Description of Goods for HSN Code 29420031

HSN Code 29420031 relates to the following description.

Description of Goods

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

Chapter

29 - Organic chemicals

Sub Chapter

2942 - Other organic compounds

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29420031 not include?

Steroids and Derivatives 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 29420014

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

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 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 29420031 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

₹29 Cr

−4.54% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹29 Cr

Trade Surplus

Surplus rank #2541 of 12657 HSN codes

% of Sub-Chapter 2942

FY 2024-25

0.27%

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

Import side: 0.00% of Sub-Chapter 2942’s imports

Rank Within Sub-Chapter 2942

FY 2024-25

#10 of 18

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

At a glance

2.64%

Export CAGR

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

#4355

National Export Rank

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

+62.76%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.27%

Contribution to Sub-Ch. 2942

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3796

Balance

+25.19

Exports

25.19 ₹ Cr

0.0011% share

— YoY

0.30% of Sub-Ch. 2942

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2942

FY 2019-20 Exp. Rank #3936

Balance

+22.87

Exports

22.87 ₹ Cr

0.0010% share

−9.21% YoY

0.27% of Sub-Ch. 2942

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2942

FY 2020-21 Exp. Rank #3805

Balance

+26.90

Exports

26.90 ₹ Cr

0.0013% share

+17.62% YoY

0.29% of Sub-Ch. 2942

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2942

FY 2021-22 Exp. Rank #4344

Balance

+24.12

Exports

24.12 ₹ Cr

0.0008% share

−10.33% YoY

0.25% of Sub-Ch. 2942

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2942

FY 2022-23 Exp. Rank #4741

Balance

+18.96

Exports

18.96 ₹ Cr

0.0005% share

−21.39% YoY

0.17% of Sub-Ch. 2942

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2942

FY 2023-24 Exp. Rank #4205

Balance

+30.86

Exports

30.86 ₹ Cr

0.0009% share

+62.76% YoY

0.28% of Sub-Ch. 2942

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2942

FY 2024-25 Exp. Rank #4355

Balance

+29.46

Exports

29.46 ₹ Cr

0.0008% share

−4.54% YoY

0.27% of Sub-Ch. 2942

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2942

CAGR · 7-Year

Exports

2.64% /yr

Imports

—

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 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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29420031 and GST compliance.

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.

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.