HSN Code 32012000 represents Wattle Extract under GST classification. This code helps businesses identify Wattle Extract correctly for billing, taxation, and trade. With HSN Code 32012000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wattle Extract.
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HSN Code 32012000 relates to the following description.
Description of Goods
Wattle extract
Chapter
32 - Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter;paints and varnishes; putty and other mastics; inks
Sub Chapter
3201 - Tanning extracts of vegetable origin;tannins and their salts, ethers, esters and other derivatives
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Wattle Extract does not include products with the following descriptions.
Quebracho extract
Other : Gambier extracts
Other : Myrobalan fruit extract
Other : Gallotannic acid (tannin, digallic acid)
Other : Other ( chestnut extract )
India’s Exports
FY 2024-25₹11 Cr
0.0003% of India’s total exports
India’s Imports
FY 2024-25₹163 Cr
0.0027% of India’s total imports
Trade Balance
FY 2024-25−₹152 Cr
Surplus rank #11115 of 12657 HSN codes
% of Sub-Chapter 3201
FY 2024-2516.33%
Share of Sub-Chapter 3201’s total exports in FY 2024-25
Import side: 23.21% of Sub-Chapter 3201’s imports
Rank Within Sub-Chapter 3201
FY 2024-25#2 of 6
Position by export value among HSN codes in Sub-Chapter 3201
Import-side rank: #2 of 6
At a glance
29.21%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5725
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+180.00%
Peak Growth Year
FY 2022-23 · strongest single-year move
16.33%
Contribution to Sub-Ch. 3201
Share of Sub-Chapter 3201 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−192.55
Exports
2.28 ₹ Cr
0.0001% share
— YoY
6.00% of Sub-Ch. 3201
Imports
194.83 ₹ Cr
0.0054% share
— YoY
32.20% of Sub-Ch. 3201
Balance
−166.15
Exports
2.71 ₹ Cr
0.0001% share
+18.86% YoY
9.92% of Sub-Ch. 3201
Imports
168.86 ₹ Cr
0.0050% share
−13.33% YoY
33.61% of Sub-Ch. 3201
Balance
−121.18
Exports
3.22 ₹ Cr
0.0001% share
+18.82% YoY
12.62% of Sub-Ch. 3201
Imports
124.40 ₹ Cr
0.0043% share
−26.33% YoY
27.08% of Sub-Ch. 3201
Balance
−143.18
Exports
4.20 ₹ Cr
0.0001% share
+30.43% YoY
12.63% of Sub-Ch. 3201
Imports
147.38 ₹ Cr
0.0032% share
+18.47% YoY
26.53% of Sub-Ch. 3201
Balance
−158.67
Exports
11.76 ₹ Cr
0.0003% share
+180.00% YoY
24.07% of Sub-Ch. 3201
Imports
170.43 ₹ Cr
0.0030% share
+15.64% YoY
27.39% of Sub-Ch. 3201
Balance
−166.36
Exports
10.87 ₹ Cr
0.0003% share
−7.57% YoY
19.72% of Sub-Ch. 3201
Imports
177.23 ₹ Cr
0.0032% share
+3.99% YoY
26.84% of Sub-Ch. 3201
Balance
−152.41
Exports
10.61 ₹ Cr
0.0003% share
−2.39% YoY
16.33% of Sub-Ch. 3201
Imports
163.02 ₹ Cr
0.0027% share
−8.02% YoY
23.21% of Sub-Ch. 3201
CAGR · 7-Year
Exports
29.21% /yr
Imports
−2.93% /yr
reference, FY 2024-25
Export
₹64.97 Cr
Import
₹702.52 Cr
Trade Balance
−637.55
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.
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.
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.
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.
India's imports under HSN Code 32012000 have grown at −2.93% CAGR, reaching ₹163.02 Crore in FY 2024-25.
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).
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Clear answers to common queries about HSN Code 32012000 and GST compliance.
It includes Wattle Extract
Under HSN 32012000, Wattle Extract attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.