--- title: "HSN Code for Wattle Extract | HSN 32012000 GST Rate" description: "Find HSN and GST Rates for 32012000 related to Wattle Extract with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-32012000/" --- # HSN Code 32012000: Wattle Extract - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 32: Tanning or Dyeing Extracts; Dyes, Pigments and Other Colouring Matter](https://busy.in/hsn/chapter-32/) - [Sub-chapter 3201: Tannins & extracts](https://busy.in/hsn/sub-chapter-3201/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Wattle extract | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 32012000 ? It includes Wattle Extract ### How much GST applies to Wattle Extract? Under HSN 32012000, Wattle Extract attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Wattle Extract? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Wattle Extract is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wattle Extract; Nil for exempt items if applicable). ### Any common misclassification issue with Wattle Extract? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Wattle Extract? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ## India's trade performance: HSN Code 32012000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹11 Cr (−2.39% YoY) — 0.0003% of India's total exports - Imports: ₹163 Cr (−8.02% YoY) — 0.0027% of India's total imports - Trade balance: −₹152 Cr (Deficit); surplus rank #11115 of 12657 HSN codes - Share of Sub-Chapter 3201: 16.33% of its exports; import side 23.21% - Rank within Sub-Chapter 3201: #2 of 6 by export value; import-side #2 ### Key metrics - Export CAGR: 29.21% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5725 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +180.00% in FY 2022-23 - Contribution to Sub-Ch. 3201: 16.33% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 32012000 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 Sub-Ch. 3201 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3201 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 2.28 | 0.0001% | — | 6.00% | 194.83 | 0.0054% | — | 32.20% | −192.55 | #6803 | | FY 2019-20 | 2.71 | 0.0001% | +18.86% | 9.92% | 168.86 | 0.0050% | −13.33% | 33.61% | −166.15 | #6599 | | FY 2020-21 | 3.22 | 0.0001% | +18.82% | 12.62% | 124.40 | 0.0043% | −26.33% | 27.08% | −121.18 | #6472 | | FY 2021-22 | 4.20 | 0.0001% | +30.43% | 12.63% | 147.38 | 0.0032% | +18.47% | 26.53% | −143.18 | #6570 | | FY 2022-23 | 11.76 | 0.0003% | +180.00% | 24.07% | 170.43 | 0.0030% | +15.64% | 27.39% | −158.67 | #5413 | | FY 2023-24 | 10.87 | 0.0003% | −7.57% | 19.72% | 177.23 | 0.0032% | +3.99% | 26.84% | −166.36 | #5631 | | FY 2024-25 | 10.61 | 0.0003% | −2.39% | 16.33% | 163.02 | 0.0027% | −8.02% | 23.21% | −152.41 | #5725 | - CAGR (7-year): exports 29.21%/yr, imports -2.93%/yr (consistently Deficit) ## Key trade insights: HSN Code 32012000 export-import analysis ### Consistent export growth: 29.21% CAGR over 7 years India's exports under HSN Code 32012000 have grown at a compound annual rate of 29.21% over 7 fiscal years, rising from ₹2.28 Crore in FY 2018-19 to ₹10.61 Crore in FY 2024-25. ### HSN Code 32012000 ranked #5725 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 32012000 ranks #5725 out of 12657 HSN codes by total export value. Within Sub-Chapter 3201, it ranks #2 of 6. By trade surplus, it ranks #11115 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 32012000 exports The strongest single-year export movement for HSN Code 32012000 was recorded in FY 2022-23, when exports surged by 180.00% over the prior year. ### India records a trade deficit of ₹152.41 Crore in HSN Code 32012000 goods In FY 2024-25, India's imports of ₹163.02 Cr exceeded exports of ₹10.61 Cr, resulting in a trade deficit of ₹152.41 Crore — ranking #11115 of 12657 by surplus magnitude. ### Import growth of -2.93% CAGR signals stable import dependency for Wattle Extract India's imports under HSN Code 32012000 have grown at -2.93% CAGR, reaching ₹163.02 Crore in FY 2024-25. ### HSN Code 32012000 contributes 16.33% of Sub-Chapter 3201 exports — ranked #2 Among the 6 HSN codes under Sub-Chapter 3201, HSN Code 32012000 ranks #2 by export value — accounting for 16.33% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 23.21% share (rank #2). ## Related HSN Codes in Sub-Chapter 3201 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 32019090: Other \| Other ( Chestnut Extract )](https://busy.in/hsn/hsn-32019090/) | ₹36 Cr | | #2 | HSN Code 32012000: Wattle Extract (this hsn code) | ₹11 Cr | | #3 | [HSN Code 32011000: Quebracho Extract](https://busy.in/hsn/hsn-32011000/) | ₹8 Cr | | #4 | [HSN Code 32019020: Other \| Myrobalan Fruit Extract](https://busy.in/hsn/hsn-32019020/) | ₹6 Cr | | #5 | [HSN Code 32019010: Other \| Gambier Extracts](https://busy.in/hsn/hsn-32019010/) | ₹4 Cr | | #6 | [HSN Code 32019030: Gallotannic Acid (Tannin, Digallic Acid)](https://busy.in/hsn/hsn-32019030/) | < ₹1 Crore |