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HSN Code 98041000: Drugs & medicines (personal use)

HSN Code 98041000 represents Drugs & medicines (personal use) under GST classification. This code helps businesses identify Drugs & medicines (personal use) correctly for billing, taxation, and trade. With HSN Code 98041000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Drugs & medicines (personal use).

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Description of Goods for HSN Code 98041000

HSN Code 98041000 relates to the following description.

Description of Goods

Drugs and medicines

Chapter

98 - Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores

Sub Chapter

9804 - All dutiable articles, intended for personal use, imported by post or air

CGST

0% or 2.5%

SGST

0% or 2.5%

IGST

0% or 5%

CESS

0%

Exempt (0%) for the 37 life-saving drugs, mostly for cancer and rare diseases, listed in Annexure I; 5% for other drugs and medicines imported for personal use. Source: Notification 10/2025-Central Tax (Rate), S. No. 113 and Annexure I.

Description of Goods

Drugs and medicines (Other Drugs and medicines intended for personal use.)

Chapter

98 - Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores

Sub Chapter

9804 - All dutiable articles, intended for personal use, imported by post or air

CGST

0% or 2.5%

SGST

0% or 2.5%

IGST

0% or 5%

CESS

0%

Exempt (0%) for the 37 life-saving drugs, mostly for cancer and rare diseases, listed in Annexure I; 5% for other drugs and medicines imported for personal use. Source: Notification 10/2025-Central Tax (Rate), S. No. 113 and Annexure I.

What does HSN Code 98041000 not include?

Drugs & medicines (personal use) does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 98041000 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

< ₹1 Crore

−31.71% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹3 Cr

+190.70% vs FY 2024-25

0.0000% of India’s total imports

Trade Balance

FY 2025-26

−₹2 Cr

Trade Deficit

Surplus rank #8338 of 12872 HSN codes

% of Sub-Chapter 9804

FY 2025-26

1.97%

Share of Sub-Chapter 9804’s total exports in FY 2025-26

Import side: 58.69% of Sub-Chapter 9804’s imports

Rank Within Sub-Chapter 9804

FY 2025-26

#2 of 2

Position by export value among HSN codes in Sub-Chapter 9804

Import-side rank: #1 of 2

At a glance

−16.14%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#9347

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+720.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

1.97%

Contribution to Sub-Ch. 9804

Share of Sub-Chapter 9804 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 98041000

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #7666

Balance

−107.86

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

33.22% of Sub-Ch. 9804

Imports

108.82 ₹ Cr

0.0030% share

— YoY

62.15% of Sub-Ch. 9804

FY 2019-20 Exp. Rank #6131

Balance

−144.78

Exports

3.95 ₹ Cr

0.0002% share

+311.46% YoY

34.47% of Sub-Ch. 9804

Imports

148.73 ₹ Cr

0.0044% share

+36.68% YoY

89.71% of Sub-Ch. 9804

FY 2020-21 Exp. Rank #8674

Balance

−390.08

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−93.16% YoY

41.54% of Sub-Ch. 9804

Imports

390.35 ₹ Cr

0.0134% share

+162.46% YoY

93.51% of Sub-Ch. 9804

FY 2021-22 Exp. Rank #9373

Balance

−776.99

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−48.15% YoY

12.39% of Sub-Ch. 9804

Imports

777.13 ₹ Cr

0.0170% share

+99.09% YoY

95.10% of Sub-Ch. 9804

FY 2022-23 Exp. Rank #9689

Balance

−686.82

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−35.71% YoY

16.07% of Sub-Ch. 9804

Imports

686.91 ₹ Cr

0.0119% share

−11.61% YoY

93.68% of Sub-Ch. 9804

FY 2023-24 Exp. Rank #10057

Balance

−374.49

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−44.44% YoY

9.80% of Sub-Ch. 9804

Imports

374.54 ₹ Cr

0.0067% share

−45.47% YoY

97.41% of Sub-Ch. 9804

FY 2024-25 Exp. Rank #8974

Balance

−0.45

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+720.00% YoY

26.62% of Sub-Ch. 9804

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−99.77% YoY

13.96% of Sub-Ch. 9804

FY 2025-26 Exp. Rank #9347

Balance

−2.22

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−31.71% YoY

1.97% of Sub-Ch. 9804

Imports

2.50 ₹ Cr

0.0000% share

+190.70% YoY

58.69% of Sub-Ch. 9804

CAGR · 8-Year

Exports

−16.14% /yr

Imports

−41.67% /yr

Consistently Deficit
Sub-Chapter 9804 total

reference, FY 2025-26

Export

₹14.24 Cr

Import

₹4.26 Cr

Trade Balance

+9.98

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

Key Trade Insights: HSN Code 98041000 Export-Import Analysis

Export Decline: −16.14% CAGR Over 8 Years

India's exports under HSN Code 98041000 have declined at a compound annual rate of −16.14% over 8 fiscal years, falling from ₹0.96 Crore in FY 2018-19 to ₹0.28 Crore in FY 2025-26.

HSN Code 98041000 Ranked #9347 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 98041000 ranks #9347 out of 12872 HSN codes by total export value. Within Sub-Chapter 9804, it ranks #2 of 2. By trade surplus, it ranks #8338 of 12872.

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 ₹2.22 Crore in HSN Code 98041000 Goods

In FY 2025-26, India's imports of ₹2.50 Cr exceeded exports of ₹0.28 Cr, resulting in a trade deficit of ₹2.22 Crore — ranking #8338 of 12872 by surplus magnitude.

Import Growth of −41.67% CAGR Signals Stable Import Dependency for Drugs & medicines (personal use)

India's imports under HSN Code 98041000 have grown at −41.67% CAGR, reaching ₹2.50 Crore in FY 2025-26.

HSN Code 98041000 Contributes 1.97% 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 1.97% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 58.69% share (rank #1).

Frequently Asked Questions

Clear answers to common queries about HSN Code 98041000 and GST compliance.

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.

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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.