2942 HSN Code: Other organic compounds

HSN Sub Chapter 2942 represents Other organic compounds under GST classification. This code helps businesses identify Other organic compounds correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2942, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other organic compounds.

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New GST Rate for HSN Code 2942

GST Rate for Other organic compounds under HSN Code 2942. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2942

HSN Description

Other organic compounds

New GST Rate

12 %
Standard

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 2942

Following tariff HSN codes fall under Other organic compounds.

Tariff HSN

29420011

Description

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Cefadroxil and its salts

Tariff HSN

29420012

Description

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Ibuprofane

Tariff HSN

29420013

Description

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Nifedipine

Tariff HSN

29420014

Description

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Ranitidine

Tariff HSN

29420015

Description

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : Danes salt of D(-) phenyl glycine

Tariff HSN

29420016

Description

Other organic compounds : Cefadroxil and its salts, ibuprofane, nifedipine, ranitidine, danes salt of D(-) phenyl glycine, D(-) para hydroxy dane’s salts : D(-) para hydroxy dane’s salts

Tariff HSN

29420021

Description

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol :Timolo maleate

Tariff HSN

29420022

Description

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol :Terbutoline sulphate

Tariff HSN

29420023

Description

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : D(-) phenyl glycin chloride HCL (DPGCH)

Tariff HSN

29420024

Description

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : Imipramine HCl

Tariff HSN

29420025

Description

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : Amitryptyline HCl

Tariff HSN

29420026

Description

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : Cysteanune HCl

Tariff HSN

29420027

Description

Other organic compounds : Timolo maleate, terbutoline sulphate, D(-)phenyl glycin chloride HCL (DPGCH), imipramine HCl, amitryptyline HCl, cysteanune HCl, atenolol, propronalol : Atenolol, propronalol

Tariff HSN

29420031

Description

Other organic compounds : Diloxanide furoate, cimetidine, oxyclozanide, famotidine : Diloxanide furoate

Tariff HSN

29420032

Description

Other organic compounds : Diloxanide furoate, cimetidine, oxyclozanide, famotidine : Cimetidine

Tariff HSN

29420033

Description

Other organic compounds : Diloxanide furoate, cimetidine, oxyclozanide, famotidine : Oxyclozanide

Tariff HSN

29420034

Description

Other organic compounds : Diloxanide furoate, cimetidine, oxyclozanide, famotidine : Famotidine

Tariff HSN

29420090

Description

Other organic compounds : Other

India’s Trade Performance — HSN Sub-Chapter 2942 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

₹10,794 Cr

−1.85% vs FY 2023-24

0.2915% of India’s total exports

India’s Imports

FY 2024-25

₹3,330 Cr

+3.69% vs FY 2023-24

0.0546% of India’s total imports

Trade Balance

FY 2024-25

₹7,464 Cr

Trade Surplus

Surplus rank #47 of 1233 subchapters

% of Chapter 29

FY 2024-25

6.34%

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

Import side: 1.48% of Chapter 29’s imports

Rank Within Chapter 29

FY 2024-25

#3 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #20 of 42

At a glance

4.39%

Export CAGR

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

#58

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+18.18%

Peak Growth Year

FY 2022-23 · strongest single-year move

6.34%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2942

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 #40

Balance

+5,245.37

Exports

8,340.52 ₹ Cr

0.3634% share

— YoY

6.54% of Ch. 29

Imports

3,095.15 ₹ Cr

0.0862% share

— YoY

1.98% of Ch. 29

FY 2019-20 Exp. Rank #39

Balance

+4,903.64

Exports

8,376.51 ₹ Cr

0.3792% share

+0.43% YoY

6.76% of Ch. 29

Imports

3,472.87 ₹ Cr

0.1035% share

+12.20% YoY

2.48% of Ch. 29

FY 2020-21 Exp. Rank #35

Balance

+5,641.90

Exports

9,429.84 ₹ Cr

0.4384% share

+12.57% YoY

7.08% of Ch. 29

Imports

3,787.94 ₹ Cr

0.1300% share

+9.07% YoY

2.60% of Ch. 29

FY 2021-22 Exp. Rank #54

Balance

+5,883.43

Exports

9,620.10 ₹ Cr

0.3065% share

+2.02% YoY

5.85% of Ch. 29

Imports

3,736.67 ₹ Cr

0.0818% share

−1.35% YoY

1.76% of Ch. 29

FY 2022-23 Exp. Rank #44

Balance

+8,109.16

Exports

11,369.11 ₹ Cr

0.3140% share

+18.18% YoY

6.63% of Ch. 29

Imports

3,259.95 ₹ Cr

0.0567% share

−12.76% YoY

1.40% of Ch. 29

FY 2023-24 Exp. Rank #53

Balance

+7,785.78

Exports

10,997.79 ₹ Cr

0.3040% share

−3.27% YoY

6.54% of Ch. 29

Imports

3,212.01 ₹ Cr

0.0572% share

−1.47% YoY

1.45% of Ch. 29

FY 2024-25 Exp. Rank #58

Balance

+7,463.53

Exports

10,794.01 ₹ Cr

0.2915% share

−1.85% YoY

6.34% of Ch. 29

Imports

3,330.48 ₹ Cr

0.0546% share

+3.69% YoY

1.48% of Ch. 29

CAGR · 7-Year

Exports

4.39% /yr

Imports

1.23% /yr

Consistently Surplus
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 2942 Export-Import Analysis

Consistent Export Growth: 4.39% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2942 have grown at a compound annual rate of 4.39% over 7 fiscal years, rising from ₹8,340.52 Crore in FY 2018-19 to ₹10,794.01 Crore in FY 2024-25.

HSN Sub-Chapter 2942 Ranked #58 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2942 ranks #58 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #3 of 42. By trade surplus, it ranks #47 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 2942 Exports

The strongest single-year export movement for HSN Sub-Chapter 2942 was recorded in FY 2022-23, when exports surged by 18.18% over the prior year.

India Maintains a Trade Surplus of ₹7,463.53 Crore in HSN Sub-Chapter 2942 Goods

In FY 2024-25, India's exports of ₹10,794.01 Cr exceeded imports of ₹3,330.48 Cr, resulting in a trade surplus of ₹7,463.53 Crore — ranking #47 of 1233 by surplus magnitude.

Import Growth of 1.23% CAGR Signals Stable Import Dependency for Other organic compounds

India's imports under HSN Sub-Chapter 2942 have grown at 1.23% CAGR, reaching ₹3,330.48 Crore in FY 2024-25.

HSN Sub-Chapter 2942 Contributes 6.34% of Chapter 29 Exports — Ranked #3

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2942 ranks #3 by export value — accounting for 6.34% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.48% share (rank #20).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2942 and GST compliance.

What products are classified under HSN 2942

It includes Other organic compounds

Do spares or accessories of Other organic compounds 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 Other organic compounds?

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.

Any import/export nuance for Other organic compounds?

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.

Is the composition scheme suitable if I mainly trade Other organic compounds?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Does MRP, weight or pack size change GST treatment for Other organic compounds?

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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