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2934 HSN Code: Nucleic acids & derivatives

HSN Sub Chapter 2934 represents Nucleic acids & derivatives under GST classification. This code helps businesses identify Nucleic acids & derivatives correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2934, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Nucleic acids & derivatives.

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New GST Rate for HSN Code 2934

GST Rate for Nucleic acids & derivatives under HSN Code 2934. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2934

HSN Description

Nucleic acids and their salts; whether or not chemically defined; other heterocyclic compounds

New GST Rate

5% or 18%

5% for drugs and bulk drugs (APIs) of this heading, including their salts and esters; 18% for other goods.

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2934

Following tariff HSN codes fall under Nucleic acids & derivatives.

Tariff HSN

29341000

Description

Compounds containing an unfused thiazole ring (whether or not hydrogenated) in the structure

Tariff HSN

29341010

Description

Compounds containing an unfused thiazole ring (whether or not hydrogenated) in the structure : Clothianidin, oxathiapiprolin, thifluzamide, thiomethoxam

Tariff HSN

29341090

Description

Compounds containing an unfused thiazole ring (whether or not hydrogenated) in the structure : Other compounds containing an unfused thiazole ring (whether or not hydrogenated) in the structure, excluding Clothianidin, oxathiapiprolin, thifluzamide and thiomethoxam (29341010)

Tariff HSN

29342000

Description

Compounds containing in the structure a benzothiazole ring-system (whether or not hydrogenated) not further fused

Tariff HSN

29342010

Description

Compounds containing in the structure a benzothiazole ring-system (whether or not hydrogenated) not further fused : Methabenzthiazuron

Tariff HSN

29342090

Description

Compounds containing in the structure a benzothiazole ring-system (whether or not hydrogenated) not further fused : Other compounds containing a benzothiazole ring-system (whether or not hydrogenated), not further fused, excluding Methabenzthiazuron (29342010)

Tariff HSN

29343000

Description

Compounds containing in the structure a phenothiazine ring-system (whether or not hydrogenated) not further fused

Tariff HSN

29349100

Description

Other :Aminorex (INN), brotizolam (INN), clotiazepam (INN), claxazolam (INN), dextromoramide (INN), haloxazolam (INN), ketazolam (INN), mesocarb (INN), oxazolam (INN), pemoline (INN), phendimetrazine (INN), phenmetrazine (INN) and sufentanil (INN); salts thereof

Tariff HSN

29349200

Description

Other: Other fentanyls and their derivatives

Tariff HSN

29349900

Description

Nucleic acids and their salts; whether or not chemically defined; other heterocyclic compounds - other : other

Tariff HSN

29349910

Description

Other :Other: Chloro thiophene-2-carboxylic acid

Tariff HSN

29349920

Description

Other :Other : Morpholine

Tariff HSN

29349930

Description

Buprofezin (iso)

Tariff HSN

29349940

Description

Other :Other : goods of Supplementary Note 18 to Chapter 29: bentazone, clomazone, indoxacarb, pinoxaden, thiacloprid and the other pesticides listed there

Tariff HSN

29349990

Description

Other :Other : Other

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India’s Trade Performance — HSN Sub-Chapter 2934 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

₹7,864 Cr

+23.98% vs FY 2024-25

0.2016% of India’s total exports

India’s Imports

FY 2025-26

₹6,740 Cr

+8.91% vs FY 2024-25

0.0983% of India’s total imports

Trade Balance

FY 2025-26

₹1,125 Cr

Trade Surplus

Surplus rank #183 of 1233 subchapters

% of Chapter 29

FY 2025-26

4.35%

Share of Chapter 29’s total exports in FY 2025-26

Import side: 3.01% of Chapter 29’s imports

Rank Within Chapter 29

FY 2025-26

#6 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #12 of 42

At a glance

10.41%

Export CAGR

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

#97

National Export Rank

of 1233 subchapters by export value, FY 2025-26

+44.36%

Peak Growth Year

FY 2020-21 · strongest single-year move

4.35%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Sub-Chapter 2934

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 #112

Balance

+495.27

Exports

3,932.49 ₹ Cr

0.1713% share

— YoY

3.08% of Ch. 29

Imports

3,437.22 ₹ Cr

0.0957% share

— YoY

2.20% of Ch. 29

FY 2019-20 Exp. Rank #110

Balance

+234.03

Exports

3,822.74 ₹ Cr

0.1731% share

−2.79% YoY

3.09% of Ch. 29

Imports

3,588.71 ₹ Cr

0.1070% share

+4.41% YoY

2.56% of Ch. 29

FY 2020-21 Exp. Rank #71

Balance

+200.38

Exports

5,518.50 ₹ Cr

0.2566% share

+44.36% YoY

4.14% of Ch. 29

Imports

5,318.12 ₹ Cr

0.1825% share

+48.19% YoY

3.65% of Ch. 29

FY 2021-22 Exp. Rank #106

Balance

−3,029.18

Exports

5,296.82 ₹ Cr

0.1688% share

−4.02% YoY

3.22% of Ch. 29

Imports

8,326.00 ₹ Cr

0.1822% share

+56.56% YoY

3.92% of Ch. 29

FY 2022-23 Exp. Rank #128

Balance

−2,544.25

Exports

4,960.47 ₹ Cr

0.1370% share

−6.35% YoY

2.89% of Ch. 29

Imports

7,504.72 ₹ Cr

0.1305% share

−9.86% YoY

3.23% of Ch. 29

FY 2023-24 Exp. Rank #126

Balance

−1,003.07

Exports

5,260.14 ₹ Cr

0.1454% share

+6.04% YoY

3.13% of Ch. 29

Imports

6,263.21 ₹ Cr

0.1115% share

−16.54% YoY

2.83% of Ch. 29

FY 2024-25 Exp. Rank #112

Balance

+154.76

Exports

6,343.00 ₹ Cr

0.1713% share

+20.59% YoY

3.73% of Ch. 29

Imports

6,188.24 ₹ Cr

0.1015% share

−1.20% YoY

2.75% of Ch. 29

FY 2025-26 Exp. Rank #97

Balance

+1,124.56

Exports

7,864.28 ₹ Cr

0.2016% share

+23.98% YoY

4.35% of Ch. 29

Imports

6,739.72 ₹ Cr

0.0983% share

+8.91% YoY

3.01% of Ch. 29

CAGR · 8-Year

Exports

10.41% /yr

Imports

10.10% /yr

Consistently Surplus
Chapter 29 total

reference, FY 2025-26

Export

₹1,80,641.82 Cr

Import

₹2,24,278.97 Cr

Trade Balance

−43,637.15

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

Key Trade Insights: HSN Sub-Chapter 2934 Export-Import Analysis

Consistent Export Growth: 10.41% CAGR Over 8 Years

India's exports under HSN Sub-Chapter 2934 have grown at a compound annual rate of 10.41% over 8 fiscal years, rising from ₹3,932.49 Crore in FY 2018-19 to ₹7,864.28 Crore in FY 2025-26.

HSN Sub-Chapter 2934 Ranked #97 Among All 1233 Subchapters by Export Value

In FY 2025-26, HSN Sub-Chapter 2934 ranks #97 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #6 of 42. By trade surplus, it ranks #183 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 2934 Exports

The strongest single-year export movement for HSN Sub-Chapter 2934 was recorded in FY 2020-21, when exports surged by 44.36% over the prior year.

India Maintains a Trade Surplus of ₹1,124.56 Crore in HSN Sub-Chapter 2934 Goods

In FY 2025-26, India's exports of ₹7,864.28 Cr exceeded imports of ₹6,739.72 Cr, resulting in a trade surplus of ₹1,124.56 Crore — ranking #183 of 1233 by surplus magnitude.

Import Growth of 10.10% CAGR Signals Rising Demand for Nucleic acids & derivatives

India's imports under HSN Sub-Chapter 2934 have grown at 10.10% CAGR, reaching ₹6,739.72 Crore in FY 2025-26.

HSN Sub-Chapter 2934 Contributes 4.35% of Chapter 29 Exports — Ranked #6

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2934 ranks #6 by export value — accounting for 4.35% of the chapter's total exports in FY 2025-26. On the import side, it holds 3.01% share (rank #12).

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2934 and GST compliance.

What products are classified under HSN 2934

It includes Nucleic acids & derivatives

How should I document Nucleic acids & derivatives sent for job work?

Use a delivery challan for sending Nucleic acids & derivatives to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

How are warranty replacements of Nucleic acids & 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.

Can reverse charge ever apply to transactions involving Nucleic acids & derivatives?

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

Do spares or accessories of Nucleic acids & derivatives follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

What misclassification mistakes happen with Nucleic acids & derivatives?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

Does packaging or branding change how GST applies to Nucleic acids & derivatives?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Nucleic acids & derivatives is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

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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.

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