---
title: "HSN Code for Drugs & medicines (personal use) | HSN 98041000 GST Rate"
description: "Find HSN and GST Rates for 98041000 related to Drugs & medicines (personal use) with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-98041000/"
---

# HSN Code 98041000: Drugs & medicines (personal use)

- [Section 21: Guide to HSN Section 21](https://busy.in/hsn/section-21/)
- [Chapter 98: Project Imports & Laboratory Chemicals](https://busy.in/hsn/chapter-98/)
- [Sub-chapter 9804: Waste of synthetic fibres](https://busy.in/hsn/sub-chapter-9804/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Drugs and medicines | 2.5% | 2.5% | 5% | 0% |
| Drugs and medicines (Other Drugs and medicines intended for personal use.) | 6% | 6% | 12% | 0% |

## Frequently asked questions

### What products are classified under HSN 98041000 ?

It includes Horses for Polo

### How much GST applies to Drugs & medicines (personal use)?

Under HSN 98041000, Drugs & medicines (personal use) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### How should mixed supplies be billed when Drugs & medicines (personal use) is sold with other items?

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

### Any common misclassification issue with Drugs & medicines (personal use)?

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

### Do e‑way bill and e‑invoice apply for Drugs & medicines (personal use)?

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.

### Does packaging or labelling change the GST for Drugs & medicines (personal use)?

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.

## India's trade performance: HSN Code 98041000 (FY 2024-25)

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

- Exports: < ₹1 Crore (+720.00% YoY) — 0.0000% of India's total exports
- Imports: < ₹1 Crore (−99.77% YoY) — 0.0000% of India's total imports
- Trade balance: −< ₹1 Crore (Deficit); surplus rank #7669 of 12657 HSN codes
- Share of Sub-Chapter 9804: 26.62% of its exports; import side 13.96%
- Rank within Sub-Chapter 9804: #2 of 2 by export value; import-side #2

### Key metrics

- Export CAGR: -13.22% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #8974 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +720.00% in FY 2024-25
- Contribution to Sub-Ch. 9804: 26.62% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 98041000

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. 9804 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9804 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | < ₹1 Crore | 0.0000% | — | 33.22% | 108.82 | 0.0030% | — | 62.15% | −107.86 | #7666 |
| FY 2019-20 | 3.95 | 0.0002% | +311.46% | 34.47% | 148.73 | 0.0044% | +36.68% | 89.71% | −144.78 | #6131 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | −93.16% | 41.54% | 390.35 | 0.0134% | +162.46% | 93.51% | −390.08 | #8674 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | −48.15% | 12.39% | 777.13 | 0.0170% | +99.09% | 95.10% | −776.99 | #9373 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | −35.71% | 16.07% | 686.91 | 0.0119% | −11.61% | 93.68% | −686.82 | #9689 |
| FY 2023-24 | < ₹1 Crore | 0.0000% | −44.44% | 9.80% | 374.54 | 0.0067% | −45.47% | 97.41% | −374.49 | #10057 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | +720.00% | 26.62% | < ₹1 Crore | 0.0000% | −99.77% | 13.96% | −0.45 | #8974 |

- CAGR (7-year): exports -13.22%/yr, imports -55.37%/yr (consistently Deficit)

## Key trade insights: HSN Code 98041000 export-import analysis

### Export decline: -13.22% CAGR over 7 years

India's exports under HSN Code 98041000 have declined at a compound annual rate of -13.22% over 7 fiscal years, falling from ₹0.96 Crore in FY 2018-19 to ₹0.41 Crore in FY 2024-25.

### HSN Code 98041000 ranked #8974 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 98041000 ranks #8974 out of 12657 HSN codes by total export value. Within Sub-Chapter 9804, it ranks #2 of 2. By trade surplus, it ranks #7669 of 12657.

### FY 2024-25 was the strongest growth year for HSN Code 98041000 exports

The strongest single-year export movement for HSN Code 98041000 was recorded in FY 2024-25, when exports surged by 720.00% over the prior year.

### India records a trade deficit of ₹0.45 Crore in HSN Code 98041000 goods

In FY 2024-25, India's imports of ₹0.86 Cr exceeded exports of ₹0.41 Cr, resulting in a trade deficit of ₹0.45 Crore — ranking #7669 of 12657 by surplus magnitude.

### Import growth of -55.37% CAGR signals stable import dependency for Drugs & medicines (personal use)

India's imports under HSN Code 98041000 have grown at -55.37% CAGR, reaching ₹0.86 Crore in FY 2024-25.

### HSN Code 98041000 contributes 26.62% of Sub-Chapter 9804 exports — ranked #2

Among the 2 HSN codes under Sub-Chapter 9804, HSN Code 98041000 ranks #2 by export value — accounting for 26.62% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 13.96% share (rank #2).

## Related HSN Codes in Sub-Chapter 9804

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 98049000: Works of Art, Collectors' Pieces & Antiques](https://busy.in/hsn/hsn-98049000/) | ₹1 Cr |
| #2 | HSN Code 98041000: Drugs & medicines (personal use) (this hsn code) | < ₹1 Crore |