HSN Code 29420034: Famotidine

HSN Code 29420034 represents Famotidine under GST classification. This code helps businesses identify Famotidine correctly for billing, taxation, and trade. With HSN Code 29420034, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Famotidine.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 29420034

HSN Code 29420034 relates to the following description.

Description of Goods

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

Chapter

29 - Organic chemicals

Sub Chapter

2942 - Other organic compounds

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29420034 not include?

Famotidine 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 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

India’s Trade Performance — HSN Code 29420034 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

₹121 Cr

−5.11% vs FY 2023-24

0.0033% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

+20.69% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹119 Cr

Trade Surplus

Surplus rank #1487 of 12657 HSN codes

% of Sub-Chapter 2942

FY 2024-25

1.12%

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

Import side: 0.05% of Sub-Chapter 2942’s imports

Rank Within Sub-Chapter 2942

FY 2024-25

#4 of 18

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

Import-side rank: #10 of 18

At a glance

8.13%

Export CAGR

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

#2429

National Export Rank

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

+95.75%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.12%

Contribution to Sub-Ch. 2942

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

India Export-Import Trade Statistics for HSN Code 29420034

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 #2334

Balance

+73.54

Exports

75.40 ₹ Cr

0.0033% share

— YoY

0.90% of Sub-Ch. 2942

Imports

1.86 ₹ Cr

0.0001% share

— YoY

0.06% of Sub-Ch. 2942

FY 2019-20 Exp. Rank #2428

Balance

+70.97

Exports

71.69 ₹ Cr

0.0033% share

−4.92% YoY

0.86% of Sub-Ch. 2942

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−61.29% YoY

0.02% of Sub-Ch. 2942

FY 2020-21 Exp. Rank #2015

Balance

+100.95

Exports

104.79 ₹ Cr

0.0049% share

+46.17% YoY

1.11% of Sub-Ch. 2942

Imports

3.84 ₹ Cr

0.0001% share

+433.33% YoY

0.10% of Sub-Ch. 2942

FY 2021-22 Exp. Rank #1623

Balance

+203.84

Exports

205.13 ₹ Cr

0.0065% share

+95.75% YoY

2.13% of Sub-Ch. 2942

Imports

1.29 ₹ Cr

0.0000% share

−66.41% YoY

0.03% of Sub-Ch. 2942

FY 2022-23 Exp. Rank #2570

Balance

+94.13

Exports

96.90 ₹ Cr

0.0027% share

−52.76% YoY

0.85% of Sub-Ch. 2942

Imports

2.77 ₹ Cr

0.0000% share

+114.73% YoY

0.09% of Sub-Ch. 2942

FY 2023-24 Exp. Rank #2292

Balance

+125.59

Exports

127.04 ₹ Cr

0.0035% share

+31.10% YoY

1.16% of Sub-Ch. 2942

Imports

1.45 ₹ Cr

0.0000% share

−47.65% YoY

0.05% of Sub-Ch. 2942

FY 2024-25 Exp. Rank #2429

Balance

+118.80

Exports

120.55 ₹ Cr

0.0033% share

−5.11% YoY

1.12% of Sub-Ch. 2942

Imports

1.75 ₹ Cr

0.0000% share

+20.69% YoY

0.05% of Sub-Ch. 2942

CAGR · 7-Year

Exports

8.13% /yr

Imports

−1.01% /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 29420034 Export-Import Analysis

Consistent Export Growth: 8.13% CAGR Over 7 Years

India's exports under HSN Code 29420034 have grown at a compound annual rate of 8.13% over 7 fiscal years, rising from ₹75.40 Crore in FY 2018-19 to ₹120.55 Crore in FY 2024-25.

HSN Code 29420034 Ranked #2429 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29420034 ranks #2429 out of 12657 HSN codes by total export value. Within Sub-Chapter 2942, it ranks #4 of 18. By trade surplus, it ranks #1487 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 29420034 Exports

The strongest single-year export movement for HSN Code 29420034 was recorded in FY 2021-22, when exports surged by 95.75% over the prior year.

India Maintains a Trade Surplus of ₹118.80 Crore in HSN Code 29420034 Goods

In FY 2024-25, India's exports of ₹120.55 Cr exceeded imports of ₹1.75 Cr, resulting in a trade surplus of ₹118.80 Crore — ranking #1487 of 12657 by surplus magnitude.

Import Growth of −1.01% CAGR Signals Stable Import Dependency for Famotidine

India's imports under HSN Code 29420034 have grown at −1.01% CAGR, reaching ₹1.75 Crore in FY 2024-25.

HSN Code 29420034 Contributes 1.12% of Sub-Chapter 2942 Exports — Ranked #4

Among the 18 HSN codes under Sub-Chapter 2942, HSN Code 29420034 ranks #4 by export value — accounting for 1.12% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.05% share (rank #10).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 29420034 and GST compliance.

What products are classified under HSN 29420034 ?

It includes Famotidine

Any common misclassification issue with Famotidine?

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

Does packaging or labelling change the GST for Famotidine?

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 Famotidine?

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 Famotidine?

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 Famotidine is sold with other items?

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

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.