---
title: "2937 HSN Code | HSN Code for Hormones & derivatives, synthesized in India"
description: "Know more about 2937 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 2937 covering Hormones & derivatives, synthesized."
canonical: "https://busy.in/hsn/sub-chapter-2937/"
---

# HSN Sub-chapter 2937: Hormones & derivatives, synthesized

Hormones, prostaglandins, thromboxanes and leukotrienes, natural or reproduced by synthesis; derivatives and structural analogues thereof, including chain modified polypeptides, used primarily as hormones

Part of [Chapter 29: Organic Chemicals](https://busy.in/hsn/chapter-29/).

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 29371100 | [Printing Plates & Cylinders](https://busy.in/hsn/hsn-29371100/) |
| 29371200 | [Insulin and Salts](https://busy.in/hsn/hsn-29371200/) |
| 29371900 | [Other Polypeptide/Protein/Glycoprotein Hormones](https://busy.in/hsn/hsn-29371900/) |
| 29372100 | [Sterile Laminaria/Haemostatics/Adhesion Barriers](https://busy.in/hsn/hsn-29372100/) |
| 29372200 | [Halogenated Corticosteroidal Hormones](https://busy.in/hsn/hsn-29372200/) |
| 29372300 | [Oestrogens & Progestogens](https://busy.in/hsn/hsn-29372300/) |
| 29372900 | [Steroidal hormones, their derivatives and structural analogues : Other](https://busy.in/hsn/hsn-29372900/) |
| 29373100 | [Quinine Alkaloids: Cinchona Alkaloids](https://busy.in/hsn/hsn-29373100/) |
| 29375000 | [Prostaglandins/Thromboxanes/Leukotrienes](https://busy.in/hsn/hsn-29375000/) |
| 29379011 | [Epinethrine](https://busy.in/hsn/hsn-29379011/) |
| 29379019 | [Catecholamine Hormones and Analogues: Other](https://busy.in/hsn/hsn-29379019/) |
| 29379020 | [Other\| Amino-Acid Derivatives](https://busy.in/hsn/hsn-29379020/) |
| 29379090 | [Hormones, Prostaglandins & Leukotrienes](https://busy.in/hsn/hsn-29379090/) |

## Frequently asked questions

### What products are classified under HSN 2937

It includes Hormones & derivatives, synthesized

### Does MRP, weight or pack size change GST treatment for Hormones & derivatives, synthesized?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

### What are the e‑way bill and e‑invoice points while moving Hormones & derivatives, synthesized?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

### Can reverse charge ever apply to transactions involving Hormones & derivatives, synthesized?

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

### Any special steps when selling Hormones & derivatives, synthesized 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.

### What misclassification mistakes happen with Hormones & derivatives, synthesized?

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.

## India's trade performance: HSN Sub-Chapter 2937 (FY 2024-25)

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

- Exports: ₹2,736 Cr (+7.18% YoY) — 0.0739% of India's total exports
- Imports: ₹3,413 Cr (+7.65% YoY) — 0.0560% of India's total imports
- Trade balance: −₹677 Cr (Deficit); surplus rank #912 of 1233 sub-chapters
- Share of Chapter 29: 1.61% of its exports; import side 1.52%
- Rank within Chapter 29: #18 of 42 by export value; import-side #19

### Key metrics

- Export CAGR: 10.12% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #215 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +18.97% in FY 2023-24
- Contribution to Ch. 29: 1.61% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 2937

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 Ch. 29 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 29 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 1,533.73 | 0.0668% | — | 1.20% | 2,232.04 | 0.0622% | — | 1.43% | −698.31 | #221 |
| FY 2019-20 | 1,711.17 | 0.0775% | +11.57% | 1.38% | 2,215.43 | 0.0660% | −0.74% | 1.58% | −504.26 | #206 |
| FY 2020-21 | 1,921.91 | 0.0894% | +12.32% | 1.44% | 2,185.82 | 0.0750% | −1.34% | 1.50% | −263.91 | #199 |
| FY 2021-22 | 1,934.71 | 0.0616% | +0.67% | 1.18% | 2,512.91 | 0.0550% | +14.96% | 1.18% | −578.20 | #234 |
| FY 2022-23 | 2,145.34 | 0.0593% | +10.89% | 1.25% | 2,976.25 | 0.0518% | +18.44% | 1.28% | −830.91 | #237 |
| FY 2023-24 | 2,552.28 | 0.0705% | +18.97% | 1.52% | 3,170.46 | 0.0565% | +6.53% | 1.43% | −618.18 | #210 |
| FY 2024-25 | 2,735.54 | 0.0739% | +7.18% | 1.61% | 3,412.87 | 0.0560% | +7.65% | 1.52% | −677.33 | #215 |

- CAGR (7-year): exports 10.12%/yr, imports 7.33%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 2937 export-import analysis

### Consistent export growth: 10.12% CAGR over 7 years

India's exports under HSN Sub-Chapter 2937 have grown at a compound annual rate of 10.12% over 7 fiscal years, rising from ₹1,533.73 Crore in FY 2018-19 to ₹2,735.54 Crore in FY 2024-25.

### HSN Sub-Chapter 2937 ranked #215 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 2937 ranks #215 out of 1233 sub-chapters by total export value. Within Chapter 29, it ranks #18 of 42. By trade surplus, it ranks #912 of 1233.

### FY 2023-24 was the strongest growth year for HSN Sub-Chapter 2937 exports

The strongest single-year export movement for HSN Sub-Chapter 2937 was recorded in FY 2023-24, when exports surged by 18.97% over the prior year.

### India records a trade deficit of ₹677.33 Crore in HSN Sub-Chapter 2937 goods

In FY 2024-25, India's imports of ₹3,412.87 Cr exceeded exports of ₹2,735.54 Cr, resulting in a trade deficit of ₹677.33 Crore — ranking #912 of 1233 by surplus magnitude.

### Import growth of 7.33% CAGR signals stable import dependency for Hormones & derivatives, synthesized

India's imports under HSN Sub-Chapter 2937 have grown at 7.33% CAGR, reaching ₹3,412.87 Crore in FY 2024-25.

### HSN Sub-Chapter 2937 contributes 1.61% of Chapter 29 exports — ranked #18

Among the 42 sub-chapters under Chapter 29, HSN Sub-Chapter 2937 ranks #18 by export value — accounting for 1.61% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.52% share (rank #19).

## Related Sub-Chapters in Chapter 29

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 2933: Heterocyclic nitrogen compounds](https://busy.in/hsn/sub-chapter-2933/) | ₹37,363 Cr |
| #2 | [HSN Sub-Chapter 2902: Cyclic hydrocarbons](https://busy.in/hsn/sub-chapter-2902/) | ₹15,293 Cr |
| #3 | [HSN Sub-Chapter 2942: Other organic compounds](https://busy.in/hsn/sub-chapter-2942/) | ₹10,794 Cr |
| #4 | [HSN Sub-Chapter 2941: Antibiotics](https://busy.in/hsn/sub-chapter-2941/) | ₹8,911 Cr |
| #5 | [HSN Sub-Chapter 2921: Amine- function compounds](https://busy.in/hsn/sub-chapter-2921/) | ₹7,834 Cr |
| #6 | [HSN Sub-Chapter 2924: Internal combustion engines](https://busy.in/hsn/sub-chapter-2924/) | ₹6,530 Cr |
| #7 | [HSN Sub-Chapter 2915: Monocarboxylic acids and derivatives](https://busy.in/hsn/sub-chapter-2915/) | ₹6,424 Cr |
| #8 | [HSN Sub-Chapter 2934: Nucleic acids & derivatives](https://busy.in/hsn/sub-chapter-2934/) | ₹6,343 Cr |
| #9 | [HSN Sub-Chapter 2922: Oxygen-function amino-compounds](https://busy.in/hsn/sub-chapter-2922/) | ₹5,810 Cr |
| #10 | [HSN Sub-Chapter 2909: Ethers, ether-alcohols, peroxides](https://busy.in/hsn/sub-chapter-2909/) | ₹5,590 Cr |
| #18 | HSN Sub-Chapter 2937: Hormones & derivatives, synthesized (this hsn sub-chapter) | ₹2,736 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 2901 | [Acyclic hydrocarbons](https://busy.in/hsn/sub-chapter-2901/) |
| 2902 | [Cyclic hydrocarbons](https://busy.in/hsn/sub-chapter-2902/) |
| 2903 | [Halogenated hydrocarbons derivatives](https://busy.in/hsn/sub-chapter-2903/) |
| 2904 | [Hydrocarbon derivatives](https://busy.in/hsn/sub-chapter-2904/) |
| 2905 | [Acyclic alcohols & derivatives](https://busy.in/hsn/sub-chapter-2905/) |
| 2906 | [Cyclic alcohols & derivatives](https://busy.in/hsn/sub-chapter-2906/) |
| 2907 | [Phenols & derivatives](https://busy.in/hsn/sub-chapter-2907/) |
| 2908 | [Halogenated phenol derivatives](https://busy.in/hsn/sub-chapter-2908/) |
| 2909 | [Ethers, ether-alcohols, peroxides](https://busy.in/hsn/sub-chapter-2909/) |
| 2910 | [Epoxides & Derivatives](https://busy.in/hsn/sub-chapter-2910/) |
| 2911 | [Acetals & derivatives](https://busy.in/hsn/sub-chapter-2911/) |
| 2912 | [Aldehydes & derivatives](https://busy.in/hsn/sub-chapter-2912/) |
| 2913 | [Halogenated compounds](https://busy.in/hsn/sub-chapter-2913/) |
| 2914 | [Ketones & quinones](https://busy.in/hsn/sub-chapter-2914/) |
| 2915 | [Monocarboxylic acids and derivatives](https://busy.in/hsn/sub-chapter-2915/) |
| 2916 | [Unsaturated acids](https://busy.in/hsn/sub-chapter-2916/) |
| 2917 | [Polycarboxylic Acids](https://busy.in/hsn/sub-chapter-2917/) |
| 2918 | [Carboxylic acids and derivatives](https://busy.in/hsn/sub-chapter-2918/) |
| 2919 | [Phosphoric Esters](https://busy.in/hsn/sub-chapter-2919/) |
| 2920 | [Inorganic acid esters and salts](https://busy.in/hsn/sub-chapter-2920/) |
| 2921 | [Amine- function compounds](https://busy.in/hsn/sub-chapter-2921/) |
| 2922 | [Oxygen-function amino-compounds](https://busy.in/hsn/sub-chapter-2922/) |
| 2923 | [Quaternary ammonium compounds](https://busy.in/hsn/sub-chapter-2923/) |
| 2924 | [Internal combustion engines](https://busy.in/hsn/sub-chapter-2924/) |
| 2925 | [Carboxyimide compounds](https://busy.in/hsn/sub-chapter-2925/) |
| 2926 | [Nitrile-function compounds](https://busy.in/hsn/sub-chapter-2926/) |
| 2927 | [Diazo-, azo- or azoxy-compounds](https://busy.in/hsn/sub-chapter-2927/) |
| 2928 | [Hydrazine derivatives](https://busy.in/hsn/sub-chapter-2928/) |
| 2929 | [Compounds with other nitrogen function](https://busy.in/hsn/sub-chapter-2929/) |
| 2930 | [Organo-sulphur compounds](https://busy.in/hsn/sub-chapter-2930/) |
| 2931 | [Other organo-inorganic compounds](https://busy.in/hsn/sub-chapter-2931/) |
| 2932 | [Oxygen heterocyclic compounds](https://busy.in/hsn/sub-chapter-2932/) |
| 2933 | [Heterocyclic nitrogen compounds](https://busy.in/hsn/sub-chapter-2933/) |
| 2934 | [Nucleic acids & derivatives](https://busy.in/hsn/sub-chapter-2934/) |
| 2935 | [Sulphonamides](https://busy.in/hsn/sub-chapter-2935/) |
| 2936 | [Provitamins & vitamins, synthesized](https://busy.in/hsn/sub-chapter-2936/) |
| 2938 | [Natural glycosides & derivatives](https://busy.in/hsn/sub-chapter-2938/) |
| 2939 | [Vegetable alkaloids & derivatives](https://busy.in/hsn/sub-chapter-2939/) |
| 2940 | [Pure sugars excluding common types](https://busy.in/hsn/sub-chapter-2940/) |
| 2941 | [Antibiotics](https://busy.in/hsn/sub-chapter-2941/) |
| 2942 | [Other organic compounds](https://busy.in/hsn/sub-chapter-2942/) |