2941 HSN Code: Antibiotics

HSN Sub Chapter 2941 represents Antibiotics under GST classification. This code helps businesses identify Antibiotics correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2941, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Antibiotics.

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New GST Rate for HSN Code 2941

GST Rate for Antibiotics under HSN Code 2941. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2941

HSN Description

Antibiotics

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2941

Following tariff HSN codes fall under Antibiotics.

Tariff HSN

29411010

Description

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Penicillins and its salts ( e.g. procaine penicillin, penicillin G-potassium)

Tariff HSN

29411020

Description

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Ampicilline and its salts

Tariff HSN

29411030

Description

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Amoxycilline and its salts

Tariff HSN

29411040

Description

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Cioxacilline and its salts

Tariff HSN

29411050

Description

Penicillins and their derivative with a penicillanic acid structure; salts thereof : 6-APA

Tariff HSN

29411090

Description

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Other

Tariff HSN

29412010

Description

Penicillins and their derivative with a penicillanic acid structure; salts thereof :Streptomycins and their derivatives; salts thereof : Streptomycin

Tariff HSN

29412090

Description

Penicillins and their derivative with a penicillanic acid structure; salts thereof : Other

Tariff HSN

29413010

Description

Tetracyclines and their derivatives, salts thereof : Doxycycline and its salts

Tariff HSN

29413020

Description

Tetracyclines and their derivatives, salts thereof :Tetracycline/oxytetra-cycline and their salts

Tariff HSN

29413090

Description

Tetracyclines and their derivatives, salts thereof :Other

Tariff HSN

29414000

Description

Chloramphenicol and its derivatives; salts thereof

Tariff HSN

29415000

Description

Erythromycin and its derivatives; salts thereof

Tariff HSN

29419011

Description

Other : Rifampicin and its salts :Rifampicin

Tariff HSN

29419012

Description

Other : Rifampicin and its salts : 3 Formyl Rifa S V(Rifa int)

Tariff HSN

29419013

Description

Other : Rifampicin and its salts :Rifa S or Rifa S Sodium (Rifaint)

Tariff HSN

29419014

Description

Other : Rifampicin and its salts :1-Amino-4-Methyl piperazine (Rifaint)

Tariff HSN

29419019

Description

Other : Rifampicin and its salts : Other

Tariff HSN

29419020

Description

Other : Cephalexin and its salts

Tariff HSN

29419030

Description

Other : Ciprofloxacine and its salts

Tariff HSN

29419040

Description

Other : Gentamycin and its salts

Tariff HSN

29419050

Description

Other : Neomycin

Tariff HSN

29419060

Description

Other : Norfloxacin and its salts

Tariff HSN

29419090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 2941 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

₹8,911 Cr

+2.62% vs FY 2023-24

0.2406% of India’s total exports

India’s Imports

FY 2024-25

₹16,864 Cr

+2.34% vs FY 2023-24

0.2765% of India’s total imports

Trade Balance

FY 2024-25

−₹7,953 Cr

Trade Deficit

Surplus rank #1140 of 1233 subchapters

% of Chapter 29

FY 2024-25

5.23%

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

Import side: 7.50% of Chapter 29’s imports

Rank Within Chapter 29

FY 2024-25

#4 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #5 of 42

At a glance

6.39%

Export CAGR

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

#80

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+30.41%

Peak Growth Year

FY 2022-23 · strongest single-year move

5.23%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2941

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 #66

Balance

−4,010.92

Exports

6,146.11 ₹ Cr

0.2678% share

— YoY

4.82% of Ch. 29

Imports

10,157.03 ₹ Cr

0.2828% share

— YoY

6.49% of Ch. 29

FY 2019-20 Exp. Rank #70

Balance

−3,429.41

Exports

5,989.05 ₹ Cr

0.2712% share

−2.56% YoY

4.84% of Ch. 29

Imports

9,418.46 ₹ Cr

0.2808% share

−7.27% YoY

6.72% of Ch. 29

FY 2020-21 Exp. Rank #52

Balance

−4,065.05

Exports

6,886.29 ₹ Cr

0.3202% share

+14.98% YoY

5.17% of Ch. 29

Imports

10,951.34 ₹ Cr

0.3758% share

+16.28% YoY

7.51% of Ch. 29

FY 2021-22 Exp. Rank #96

Balance

−6,621.50

Exports

5,847.55 ₹ Cr

0.1863% share

−15.08% YoY

3.56% of Ch. 29

Imports

12,469.05 ₹ Cr

0.2728% share

+13.86% YoY

5.86% of Ch. 29

FY 2022-23 Exp. Rank #82

Balance

−5,657.91

Exports

7,625.93 ₹ Cr

0.2106% share

+30.41% YoY

4.45% of Ch. 29

Imports

13,283.84 ₹ Cr

0.2310% share

+6.53% YoY

5.72% of Ch. 29

FY 2023-24 Exp. Rank #72

Balance

−7,795.25

Exports

8,683.38 ₹ Cr

0.2400% share

+13.87% YoY

5.16% of Ch. 29

Imports

16,478.63 ₹ Cr

0.2934% share

+24.05% YoY

7.44% of Ch. 29

FY 2024-25 Exp. Rank #80

Balance

−7,952.76

Exports

8,911.10 ₹ Cr

0.2406% share

+2.62% YoY

5.23% of Ch. 29

Imports

16,863.86 ₹ Cr

0.2765% share

+2.34% YoY

7.50% of Ch. 29

CAGR · 7-Year

Exports

6.39% /yr

Imports

8.82% /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 2941 Export-Import Analysis

Consistent Export Growth: 6.39% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2941 have grown at a compound annual rate of 6.39% over 7 fiscal years, rising from ₹6,146.11 Crore in FY 2018-19 to ₹8,911.10 Crore in FY 2024-25.

HSN Sub-Chapter 2941 Ranked #80 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2941 ranks #80 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #4 of 42. By trade surplus, it ranks #1140 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 2941 Exports

The strongest single-year export movement for HSN Sub-Chapter 2941 was recorded in FY 2022-23, when exports surged by 30.41% over the prior year.

India Records a Trade Deficit of ₹7,952.76 Crore in HSN Sub-Chapter 2941 Goods

In FY 2024-25, India's imports of ₹16,863.86 Cr exceeded exports of ₹8,911.10 Cr, resulting in a trade deficit of ₹7,952.76 Crore — ranking #1140 of 1233 by surplus magnitude.

Import Growth of 8.82% CAGR Signals Stable Import Dependency for Antibiotics

India's imports under HSN Sub-Chapter 2941 have grown at 8.82% CAGR, reaching ₹16,863.86 Crore in FY 2024-25.

HSN Sub-Chapter 2941 Contributes 5.23% of Chapter 29 Exports — Ranked #4

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2941 ranks #4 by export value — accounting for 5.23% of the chapter's total exports in FY 2024-25. On the import side, it holds 7.50% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2941 and GST compliance.

What products are classified under HSN 2941

It includes Antibiotics

How do I bill a kit or combo that includes Antibiotics?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

If I repair and return Antibiotics, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Can I claim ITC on inputs and services used for Antibiotics?

If your outward supply of Antibiotics 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.

What should my invoice and records include for Antibiotics?

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.

Does MRP, weight or pack size change GST treatment for Antibiotics?

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.

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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