--- title: "HSN Code for Vat Yellow 2 Dye | HSN 32041511 GST Rate" description: "Find HSN and GST Rates for 32041511 related to Vat Yellow 2 Dye with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-32041511/" --- # HSN Code 32041511: Vat Yellow 2 Dye - [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 3204: Synthetic organic colouring matter](https://busy.in/hsn/sub-chapter-3204/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Synthetic organic colouring matter and preparations based thereon as specified in Note 3 to this Chapter : Vat dyes (including those usable in that state as pigments) and preparations thereon : Vat yellow : Vat yellow 2 (GC) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 32041511 ? It includes Vat Yellow 2 Dye ### Any common misclassification issue with Vat Yellow 2 Dye? 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 Vat Yellow 2 Dye? 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. ### How much GST applies to Vat Yellow 2 Dye? Under HSN 32041511, Vat Yellow 2 Dye attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Vat Yellow 2 Dye is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Vat Yellow 2 Dye; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Vat Yellow 2 Dye? For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading. ### Can we claim ITC on inputs used to trade Vat Yellow 2 Dye? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 32041511 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹6 Cr (+30.88% YoY) — 0.0002% of India's total exports - Imports: ₹2 Cr (−36.29% YoY) — 0.0000% of India's total imports - Trade balance: ₹4 Cr (Surplus); surplus rank #3846 of 12657 HSN codes - Share of Sub-Chapter 3204: 0.03% of its exports; import side 0.09% - Rank within Sub-Chapter 3204: #123 of 243 by export value; import-side #74 ### Key metrics - Export CAGR: 33.51% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6332 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +174.55% in FY 2021-22 - Contribution to Sub-Ch. 3204: 0.03% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 32041511 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. 3204 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3204 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 1.13 | 0.0000% | — | 0.01% | 1.00 | 0.0000% | — | 0.04% | +0.13 | #7509 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −19.47% | 0.00% | 1.54 | 0.0000% | +54.00% | 0.06% | −0.63 | #7696 | | FY 2020-21 | 2.24 | 0.0001% | +146.15% | 0.01% | 1.03 | 0.0000% | −33.12% | 0.05% | +1.21 | #6856 | | FY 2021-22 | 6.15 | 0.0002% | +174.55% | 0.03% | 1.29 | 0.0000% | +25.24% | 0.05% | +4.86 | #6097 | | FY 2022-23 | 3.86 | 0.0001% | −37.24% | 0.02% | 3.43 | 0.0001% | +165.89% | 0.14% | +0.43 | #6728 | | FY 2023-24 | 4.89 | 0.0001% | +26.68% | 0.03% | 3.72 | 0.0001% | +8.45% | 0.15% | +1.17 | #6601 | | FY 2024-25 | 6.40 | 0.0002% | +30.88% | 0.03% | 2.37 | 0.0000% | −36.29% | 0.09% | +4.03 | #6332 | - CAGR (7-year): exports 33.51%/yr, imports 15.47%/yr (consistently Surplus) ## Key trade insights: HSN Code 32041511 export-import analysis ### Consistent export growth: 33.51% CAGR over 7 years India's exports under HSN Code 32041511 have grown at a compound annual rate of 33.51% over 7 fiscal years, rising from ₹1.13 Crore in FY 2018-19 to ₹6.40 Crore in FY 2024-25. ### HSN Code 32041511 ranked #6332 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 32041511 ranks #6332 out of 12657 HSN codes by total export value. Within Sub-Chapter 3204, it ranks #123 of 243. By trade surplus, it ranks #3846 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 32041511 exports The strongest single-year export movement for HSN Code 32041511 was recorded in FY 2021-22, when exports surged by 174.55% over the prior year. ### India maintains a trade surplus of ₹4.03 Crore in HSN Code 32041511 goods In FY 2024-25, India's exports of ₹6.40 Cr exceeded imports of ₹2.37 Cr, resulting in a trade surplus of ₹4.03 Crore — ranking #3846 of 12657 by surplus magnitude. ### Import growth of 15.47% CAGR signals rising demand for Vat Yellow 2 Dye India's imports under HSN Code 32041511 have grown at 15.47% CAGR, reaching ₹2.37 Crore in FY 2024-25. ### HSN Code 32041511 contributes 0.03% of Sub-Chapter 3204 exports — ranked #123 Among the 243 HSN codes under Sub-Chapter 3204, HSN Code 32041511 ranks #123 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.09% share (rank #74). ## Related HSN Codes in Sub-Chapter 3204 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 32041751: Pigment Blue 15 (Phthalocyanine)](https://busy.in/hsn/hsn-32041751/) | ₹2,452 Cr | | #2 | [HSN Code 32041680: Reactive Black Dyes](https://busy.in/hsn/hsn-32041680/) | ₹1,959 Cr | | #3 | [HSN Code 32041650: Blue Reactive Dyes](https://busy.in/hsn/hsn-32041650/) | ₹1,218 Cr | | #4 | [HSN Code 32041761: Pigment Green 7 (Phthalocyanine)](https://busy.in/hsn/hsn-32041761/) | ₹1,149 Cr | | #5 | [HSN Code 32041719: Other Pigment Yellows](https://busy.in/hsn/hsn-32041719/) | ₹800 Cr | | #6 | [HSN Code 32041740: Pigment Violets](https://busy.in/hsn/hsn-32041740/) | ₹791 Cr | | #7 | [HSN Code 32041739: Other Pigment Reds](https://busy.in/hsn/hsn-32041739/) | ₹768 Cr | | #8 | [HSN Code 32041630: Red Reactive Dyes](https://busy.in/hsn/hsn-32041630/) | ₹760 Cr | | #9 | [HSN Code 32041218: Other Non-Azo Acid Green Dyes](https://busy.in/hsn/hsn-32041218/) | ₹636 Cr | | #10 | [HSN Code 32041759: Other Pigment Blues](https://busy.in/hsn/hsn-32041759/) | ₹633 Cr | | #123 | HSN Code 32041511: Vat Yellow 2 Dye (this hsn code) | ₹6 Cr |