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2937 HSN Code: Hormones & derivatives, synthesized

HSN Sub Chapter 2937 represents Hormones & derivatives, synthesized under GST classification. This code helps businesses identify Hormones & derivatives, synthesized correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2937, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Hormones & derivatives, synthesized.

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New GST Rate for HSN Code 2937

GST Rate for Hormones & derivatives, synthesized under HSN Code 2937. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2937

HSN Description

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

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 2937

Following tariff HSN codes fall under Hormones & derivatives, synthesized.

Tariff HSN

29371100

Description

Polypeptide hormones, protein hormones and glycoprotein hormones, their dervatives and structural analogues :Somatotropin, its derivatives and structural analogues

Tariff HSN

29371200

Description

Polypeptide hormones, protein hormones and glycoprotein hormones, their dervatives and structural analogues :Insulin and its salts

Tariff HSN

29371900

Description

Polypeptide hormones, protein hormones and glycoprotein hormones, their dervatives and structural analogues :Other

Tariff HSN

29372100

Description

Steroidal hormones, their derivatives and structural analogues :Cortisone, hydrocortisone, prednisone, (dehydrocortisone) and prednisolone (dehydrohydrocortisone)

Tariff HSN

29372200

Description

Steroidal hormones, their derivatives and structural analogues :Halogenated derivatives of corticosteroidal harmones

Tariff HSN

29372300

Description

Steroidal hormones, their derivatives and structural analogues :Oestrogens and progestogens

Tariff HSN

29372900

Description

Steroidal hormones, their derivatives and structural analogues :Other

Tariff HSN

29373100

Description

Epinephrine

Tariff HSN

29375000

Description

Prostaglandins,thromboxanes, leukotrienes, their derivatives and structural analogues

Tariff HSN

29379011

Description

Other:Catecholamine hormones,their derivatives and structural analogues:Epinethrine

Tariff HSN

29379019

Description

Other:Catecholamine hormones,their derivatives and structural analogues:Other

Tariff HSN

29379020

Description

Other: Amino-acid derivatives

Tariff HSN

29379090

Description

Other:Other

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India’s Trade Performance — HSN Sub-Chapter 2937 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

₹2,918 Cr

+6.66% vs FY 2024-25

0.0748% of India’s total exports

India’s Imports

FY 2025-26

₹3,699 Cr

+8.38% vs FY 2024-25

0.0539% of India’s total imports

Trade Balance

FY 2025-26

−₹781 Cr

Trade Deficit

Surplus rank #920 of 1233 subchapters

% of Chapter 29

FY 2025-26

1.62%

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

Import side: 1.65% of Chapter 29’s imports

Rank Within Chapter 29

FY 2025-26

#20 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #19 of 42

At a glance

9.62%

Export CAGR

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

#218

National Export Rank

of 1233 subchapters by export value, FY 2025-26

+18.97%

Peak Growth Year

FY 2023-24 · strongest single-year move

1.62%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Sub-Chapter 2937

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 #221

Balance

−698.31

Exports

1,533.73 ₹ Cr

0.0668% share

— YoY

1.20% of Ch. 29

Imports

2,232.04 ₹ Cr

0.0622% share

— YoY

1.43% of Ch. 29

FY 2019-20 Exp. Rank #206

Balance

−504.26

Exports

1,711.17 ₹ Cr

0.0775% share

+11.57% YoY

1.38% of Ch. 29

Imports

2,215.43 ₹ Cr

0.0660% share

−0.74% YoY

1.58% of Ch. 29

FY 2020-21 Exp. Rank #199

Balance

−263.91

Exports

1,921.91 ₹ Cr

0.0894% share

+12.32% YoY

1.44% of Ch. 29

Imports

2,185.82 ₹ Cr

0.0750% share

−1.34% YoY

1.50% of Ch. 29

FY 2021-22 Exp. Rank #234

Balance

−578.20

Exports

1,934.71 ₹ Cr

0.0616% share

+0.67% YoY

1.18% of Ch. 29

Imports

2,512.91 ₹ Cr

0.0550% share

+14.96% YoY

1.18% of Ch. 29

FY 2022-23 Exp. Rank #237

Balance

−830.91

Exports

2,145.34 ₹ Cr

0.0593% share

+10.89% YoY

1.25% of Ch. 29

Imports

2,976.25 ₹ Cr

0.0518% share

+18.44% YoY

1.28% of Ch. 29

FY 2023-24 Exp. Rank #210

Balance

−618.18

Exports

2,552.28 ₹ Cr

0.0705% share

+18.97% YoY

1.52% of Ch. 29

Imports

3,170.46 ₹ Cr

0.0565% share

+6.53% YoY

1.43% of Ch. 29

FY 2024-25 Exp. Rank #215

Balance

−677.33

Exports

2,735.54 ₹ Cr

0.0739% share

+7.18% YoY

1.61% of Ch. 29

Imports

3,412.87 ₹ Cr

0.0560% share

+7.65% YoY

1.52% of Ch. 29

FY 2025-26 Exp. Rank #218

Balance

−781.09

Exports

2,917.75 ₹ Cr

0.0748% share

+6.66% YoY

1.62% of Ch. 29

Imports

3,698.84 ₹ Cr

0.0539% share

+8.38% YoY

1.65% of Ch. 29

CAGR · 8-Year

Exports

9.62% /yr

Imports

7.48% /yr

Consistently Deficit
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 2937 Export-Import Analysis

Consistent Export Growth: 9.62% CAGR Over 8 Years

India's exports under HSN Sub-Chapter 2937 have grown at a compound annual rate of 9.62% over 8 fiscal years, rising from ₹1,533.73 Crore in FY 2018-19 to ₹2,917.75 Crore in FY 2025-26.

HSN Sub-Chapter 2937 Ranked #218 Among All 1233 Subchapters by Export Value

In FY 2025-26, HSN Sub-Chapter 2937 ranks #218 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #20 of 42. By trade surplus, it ranks #920 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 ₹781.09 Crore in HSN Sub-Chapter 2937 Goods

In FY 2025-26, India's imports of ₹3,698.84 Cr exceeded exports of ₹2,917.75 Cr, resulting in a trade deficit of ₹781.09 Crore — ranking #920 of 1233 by surplus magnitude.

Import Growth of 7.48% CAGR Signals Stable Import Dependency for Hormones & derivatives, synthesized

India's imports under HSN Sub-Chapter 2937 have grown at 7.48% CAGR, reaching ₹3,698.84 Crore in FY 2025-26.

HSN Sub-Chapter 2937 Contributes 1.62% of Chapter 29 Exports — Ranked #20

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2937 ranks #20 by export value — accounting for 1.62% of the chapter's total exports in FY 2025-26. On the import side, it holds 1.65% share (rank #19).

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2937 and GST compliance.

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.

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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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