2907 HSN Code: Phenols & derivatives

HSN Sub Chapter 2907 represents Phenols & derivatives under GST classification. This code helps businesses identify Phenols & derivatives correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2907, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Phenols & derivatives.

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New GST Rate for HSN Code 2907

GST Rate for Phenols & derivatives under HSN Code 2907. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2907

HSN Description

Phenols, phenol-alcohols, and their halogenated, sulphonated, nitrated or nitrosated derivatives: phenols; phenol-alcohols

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2907

Following tariff HSN codes fall under Phenols & derivatives.

Tariff HSN

29071110

Description

Monophenols :Phenol (hydroxybenzene) and its salts : Phenol, as pure carbolic acid

Tariff HSN

29071190

Description

Monophenols :Phenol (hydroxybenzene) and its salts : Other

Tariff HSN

29071210

Description

Monophenols : Cresols and their salts : Para cresols (p-cresols)

Tariff HSN

29071220

Description

Monophenols : Cresols and their salts : Cresylic acid

Tariff HSN

29071290

Description

Monophenols :Cresols and their salts : Other

Tariff HSN

29071300

Description

Monophenols : Octylphenol, nonylphenol and their isomers; salt thereof

Tariff HSN

29071400

Description

Phenols; phenol-alcohols - monophenols : xylenols and their salts

Tariff HSN

29071510

Description

Monophenols : Naphthols and their salts :Alpha naphthols

Tariff HSN

29071520

Description

Monophenols : Naphthols and their salts : Beta naphthols

Tariff HSN

29071590

Description

Monophenols : Naphthols and their salts : Other

Tariff HSN

29071910

Description

Monophenols : Other : o-Phenyl phenols

Tariff HSN

29071920

Description

Monophenols :Other : p-Phenyl phenols

Tariff HSN

29071930

Description

Monophenols : Other : Thymol

Tariff HSN

29071940

Description

Monophenols : Other : Para tertiary butyl phenol

Tariff HSN

29071950

Description

Monophenols : Other : Alkyl phenols

Tariff HSN

29071990

Description

Monophenols : Other : other

Tariff HSN

29072100

Description

Polyphenols ; phenol-alcohols : Resorcinol and its salts

Tariff HSN

29072200

Description

Polyphenols ; phenol-alcohols : Hydroquinone (quinol) and its salts

Tariff HSN

29072300

Description

Polyphenols ; phenol-alcohols :4,4 -isopropylidenedipheno (bis-phenol A, diphenylolpropane) and its salts

Tariff HSN

29072910

Description

Polyphenols ; phenol-alcohols : Other : 1,5- Dihydroxy naphthalene

Tariff HSN

29072920

Description

Polyphenols ; phenol-alcohols : Other : Tris (p-hydroxy phenyl) ethane

Tariff HSN

29072930

Description

Polyphenols ; phenol-alcohols : Other : Tertiary butyl hydroquinone

Tariff HSN

29072990

Description

Polyphenols ; phenol-alcohols :Other :Other

India’s Trade Performance — HSN Sub-Chapter 2907 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

₹2,243 Cr

+18.42% vs FY 2023-24

0.0606% of India’s total exports

India’s Imports

FY 2024-25

₹5,741 Cr

+19.76% vs FY 2023-24

0.0941% of India’s total imports

Trade Balance

FY 2024-25

−₹3,498 Cr

Trade Deficit

Surplus rank #1079 of 1233 subchapters

% of Chapter 29

FY 2024-25

1.32%

Share of Chapter 29’s total exports in FY 2024-25

Import side: 2.55% of Chapter 29’s imports

Rank Within Chapter 29

FY 2024-25

#24 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #13 of 42

At a glance

5.83%

Export CAGR

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

#251

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+21.14%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.32%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2907

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 #216

Balance

−3,714.99

Exports

1,596.66 ₹ Cr

0.0696% share

— YoY

1.25% of Ch. 29

Imports

5,311.65 ₹ Cr

0.1479% share

— YoY

3.39% of Ch. 29

FY 2019-20 Exp. Rank #193

Balance

−2,033.57

Exports

1,892.80 ₹ Cr

0.0857% share

+18.55% YoY

1.53% of Ch. 29

Imports

3,926.37 ₹ Cr

0.1170% share

−26.08% YoY

2.80% of Ch. 29

FY 2020-21 Exp. Rank #179

Balance

−1,651.67

Exports

2,133.93 ₹ Cr

0.0992% share

+12.74% YoY

1.60% of Ch. 29

Imports

3,785.60 ₹ Cr

0.1299% share

−3.59% YoY

2.60% of Ch. 29

FY 2021-22 Exp. Rank #189

Balance

−3,587.69

Exports

2,585.13 ₹ Cr

0.0824% share

+21.14% YoY

1.57% of Ch. 29

Imports

6,172.82 ₹ Cr

0.1351% share

+63.06% YoY

2.90% of Ch. 29

FY 2022-23 Exp. Rank #229

Balance

−3,737.45

Exports

2,296.78 ₹ Cr

0.0634% share

−11.15% YoY

1.34% of Ch. 29

Imports

6,034.23 ₹ Cr

0.1049% share

−2.25% YoY

2.60% of Ch. 29

FY 2023-24 Exp. Rank #261

Balance

−2,899.93

Exports

1,893.73 ₹ Cr

0.0523% share

−17.55% YoY

1.13% of Ch. 29

Imports

4,793.66 ₹ Cr

0.0854% share

−20.56% YoY

2.17% of Ch. 29

FY 2024-25 Exp. Rank #251

Balance

−3,498.45

Exports

2,242.64 ₹ Cr

0.0606% share

+18.42% YoY

1.32% of Ch. 29

Imports

5,741.09 ₹ Cr

0.0941% share

+19.76% YoY

2.55% of Ch. 29

CAGR · 7-Year

Exports

5.83% /yr

Imports

1.30% /yr

Consistently Deficit
Chapter 29 total

reference, FY 2024-25

Export

₹1,70,243.54 Cr

Import

₹2,24,781.99 Cr

Trade Balance

−54,538.45

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

Key Trade Insights: HSN Sub-Chapter 2907 Export-Import Analysis

Consistent Export Growth: 5.83% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2907 have grown at a compound annual rate of 5.83% over 7 fiscal years, rising from ₹1,596.66 Crore in FY 2018-19 to ₹2,242.64 Crore in FY 2024-25.

HSN Sub-Chapter 2907 Ranked #251 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2907 ranks #251 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #24 of 42. By trade surplus, it ranks #1079 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 2907 Exports

The strongest single-year export movement for HSN Sub-Chapter 2907 was recorded in FY 2021-22, when exports surged by 21.14% over the prior year.

India Records a Trade Deficit of ₹3,498.45 Crore in HSN Sub-Chapter 2907 Goods

In FY 2024-25, India's imports of ₹5,741.09 Cr exceeded exports of ₹2,242.64 Cr, resulting in a trade deficit of ₹3,498.45 Crore — ranking #1079 of 1233 by surplus magnitude.

Import Growth of 1.30% CAGR Signals Stable Import Dependency for Phenols & derivatives

India's imports under HSN Sub-Chapter 2907 have grown at 1.30% CAGR, reaching ₹5,741.09 Crore in FY 2024-25.

HSN Sub-Chapter 2907 Contributes 1.32% of Chapter 29 Exports — Ranked #24

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2907 ranks #24 by export value — accounting for 1.32% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.55% share (rank #13).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2907 and GST compliance.

What products are classified under HSN 2907

It includes Phenols & derivatives

What should my invoice and records include for Phenols & derivatives?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

Can reverse charge ever apply to transactions involving Phenols & derivatives?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Phenols & derivatives are forward charge. Check the current notifications for any special cases before deciding.

Can I claim ITC on inputs and services used for Phenols & derivatives?

If your outward supply of Phenols & derivatives is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

Is the composition scheme suitable if I mainly trade Phenols & derivatives?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

How are warranty replacements of Phenols & derivatives handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

Any special steps when selling Phenols & derivatives through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

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.

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