---
title: "2938 HSN Code | HSN Code for Natural glycosides & derivatives in India"
description: "Know more about 2938 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 2938 covering Natural glycosides & derivatives."
canonical: "https://busy.in/hsn/sub-chapter-2938/"
---

# HSN Sub-chapter 2938: Natural glycosides & derivatives

Glycosides, natural or reproduced by synthesis and their salts, ethers, esters and other derivatives

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

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

## HSN codes

| Code | Title |
| --- | --- |
| 29381000 | [Rutoside (Rutin) And Its Derivatives](https://busy.in/hsn/hsn-29381000/) |
| 29389010 | [Other \|Digoxin](https://busy.in/hsn/hsn-29389010/) |
| 29389020 | [Other \| Digitalis Glycosides](https://busy.in/hsn/hsn-29389020/) |
| 29389090 | [Other Glycosides and Their Derivatives](https://busy.in/hsn/hsn-29389090/) |

## Frequently asked questions

### What products are classified under HSN 2938

It includes Natural glycosides & derivatives

### Does MRP, weight or pack size change GST treatment for Natural glycosides & derivatives?

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.

### Can I claim ITC on inputs and services used for Natural glycosides & derivatives?

If your outward supply of Natural glycosides & 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.

### Do spares or accessories of Natural glycosides & 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.

### Any import/export nuance for Natural glycosides & derivatives?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

### Can reverse charge ever apply to transactions involving Natural glycosides & derivatives?

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

## India's trade performance: HSN Sub-Chapter 2938 (FY 2024-25)

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

- Exports: ₹438 Cr (+3.56% YoY) — 0.0118% of India's total exports
- Imports: ₹694 Cr (+7.61% YoY) — 0.0114% of India's total imports
- Trade balance: −₹256 Cr (Deficit); surplus rank #810 of 1233 sub-chapters
- Share of Chapter 29: 0.26% of its exports; import side 0.31%
- Rank within Chapter 29: #35 of 42 by export value; import-side #33

### Key metrics

- Export CAGR: 7.71% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #560 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +34.24% in FY 2020-21
- Contribution to Ch. 29: 0.26% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 2938

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 | 280.65 | 0.0122% | — | 0.22% | 515.74 | 0.0144% | — | 0.33% | −235.09 | #544 |
| FY 2019-20 | 168.56 | 0.0076% | −39.94% | 0.14% | 475.09 | 0.0142% | −7.88% | 0.34% | −306.53 | #623 |
| FY 2020-21 | 226.27 | 0.0105% | +34.24% | 0.17% | 533.22 | 0.0183% | +12.24% | 0.37% | −306.95 | #581 |
| FY 2021-22 | 284.19 | 0.0091% | +25.60% | 0.17% | 468.01 | 0.0102% | −12.23% | 0.22% | −183.82 | #595 |
| FY 2022-23 | 343.87 | 0.0095% | +21.00% | 0.20% | 597.84 | 0.0104% | +27.74% | 0.26% | −253.97 | #591 |
| FY 2023-24 | 423.12 | 0.0117% | +23.05% | 0.25% | 644.87 | 0.0115% | +7.87% | 0.29% | −221.75 | #559 |
| FY 2024-25 | 438.20 | 0.0118% | +3.56% | 0.26% | 693.93 | 0.0114% | +7.61% | 0.31% | −255.73 | #560 |

- CAGR (7-year): exports 7.71%/yr, imports 5.07%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 2938 export-import analysis

### Consistent export growth: 7.71% CAGR over 7 years

India's exports under HSN Sub-Chapter 2938 have grown at a compound annual rate of 7.71% over 7 fiscal years, rising from ₹280.65 Crore in FY 2018-19 to ₹438.20 Crore in FY 2024-25.

### HSN Sub-Chapter 2938 ranked #560 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 2938 ranks #560 out of 1233 sub-chapters by total export value. Within Chapter 29, it ranks #35 of 42. By trade surplus, it ranks #810 of 1233.

### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 2938 exports

The strongest single-year export movement for HSN Sub-Chapter 2938 was recorded in FY 2020-21, when exports surged by 34.24% over the prior year.

### India records a trade deficit of ₹255.73 Crore in HSN Sub-Chapter 2938 goods

In FY 2024-25, India's imports of ₹693.93 Cr exceeded exports of ₹438.20 Cr, resulting in a trade deficit of ₹255.73 Crore — ranking #810 of 1233 by surplus magnitude.

### Import growth of 5.07% CAGR signals stable import dependency for Natural glycosides & derivatives

India's imports under HSN Sub-Chapter 2938 have grown at 5.07% CAGR, reaching ₹693.93 Crore in FY 2024-25.

### HSN Sub-Chapter 2938 contributes 0.26% of Chapter 29 exports — ranked #35

Among the 42 sub-chapters under Chapter 29, HSN Sub-Chapter 2938 ranks #35 by export value — accounting for 0.26% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.31% share (rank #33).

## 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 |
| #35 | HSN Sub-Chapter 2938: Natural glycosides & derivatives (this hsn sub-chapter) | ₹438 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/) |
| 2937 | [Hormones & derivatives, synthesized](https://busy.in/hsn/sub-chapter-2937/) |
| 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/) |