HSN Code 32071040: Prepared Opacifiers and Similar Preparations

HSN Code 32071040 represents Prepared Opacifiers and Similar Preparations under GST classification. This code helps businesses identify Prepared Opacifiers and Similar Preparations correctly for billing, taxation, and trade. With HSN Code 32071040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Prepared Opacifiers and Similar Preparations.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 32071040

HSN Code 32071040 relates to the following description.

Description of Goods

Prepared pigments, prepared opacifiers, prepared colours and similar preparations : Prepared opacifiers prepared colours and similar preparations

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

3207 - Prepared pigments, prepared opacifiers and prepared colours, vitrifiable enamels and glazes, engobes (slips), liquid lustres and similar preparations, of a kind used in the ceramic enamelling or glass industry; glass frit and other glass, in the form of powder,granules or flakes

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 32071040 not include?

Prepared Opacifiers and Similar Preparations does not include products with the following descriptions.

HSN Code 32071010

Prepared pigments, prepared opacifiers, prepared colours and similar preparations : Prepared organic dye-stuff pigments, dry

HSN Code 32071020

Prepared pigments, prepared opacifiers, prepared colours and similar preparations : Prepared organic dye-stuff pigments, paste

HSN Code 32071030

Prepared pigments, prepared opacifiers, prepared colours and similar preparations : Prepared inorganic pigments

HSN Code 32071090

Prepared pigments, prepared opacifiers, prepared colours and similar preparations : Other

HSN Code 32072010

Vitrifiable enamels and glazes, engobes (slips) and similar preparations : Vitrifiable enamels and glazes

HSN Code 32072020

Vitrifiable enamels and glazes, engobes (slips) and similar preparations : Engobes (slips) and similar preparations

India’s Trade Performance — HSN Code 32071040 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

₹16 Cr

−3.79% vs FY 2023-24

0.0004% of India’s total exports

India’s Imports

FY 2024-25

₹425 Cr

−8.82% vs FY 2023-24

0.0070% of India’s total imports

Trade Balance

FY 2024-25

−₹409 Cr

Trade Deficit

Surplus rank #11772 of 12657 HSN codes

% of Sub-Chapter 3207

FY 2024-25

4.12%

Share of Sub-Chapter 3207’s total exports in FY 2024-25

Import side: 25.77% of Sub-Chapter 3207’s imports

Rank Within Sub-Chapter 3207

FY 2024-25

#6 of 9

Position by export value among HSN codes in Sub-Chapter 3207

Import-side rank: #2 of 9

At a glance

−14.38%

Export CAGR

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

#5129

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+53.42%

Peak Growth Year

FY 2022-23 · strongest single-year move

4.12%

Contribution to Sub-Ch. 3207

Share of Sub-Chapter 3207 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 32071040

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 #3146

Balance

−250.10

Exports

41.82 ₹ Cr

0.0018% share

— YoY

33.16% of Sub-Ch. 3207

Imports

291.92 ₹ Cr

0.0081% share

— YoY

26.27% of Sub-Ch. 3207

FY 2019-20 Exp. Rank #3145

Balance

−202.44

Exports

41.83 ₹ Cr

0.0019% share

+0.02% YoY

27.39% of Sub-Ch. 3207

Imports

244.27 ₹ Cr

0.0073% share

−16.32% YoY

21.69% of Sub-Ch. 3207

FY 2020-21 Exp. Rank #4562

Balance

−221.13

Exports

15.17 ₹ Cr

0.0007% share

−63.73% YoY

9.31% of Sub-Ch. 3207

Imports

236.30 ₹ Cr

0.0081% share

−3.26% YoY

19.00% of Sub-Ch. 3207

FY 2021-22 Exp. Rank #4760

Balance

−254.45

Exports

17.56 ₹ Cr

0.0006% share

+15.75% YoY

6.23% of Sub-Ch. 3207

Imports

272.01 ₹ Cr

0.0060% share

+15.11% YoY

19.28% of Sub-Ch. 3207

FY 2022-23 Exp. Rank #4306

Balance

−451.68

Exports

26.94 ₹ Cr

0.0007% share

+53.42% YoY

8.59% of Sub-Ch. 3207

Imports

478.62 ₹ Cr

0.0083% share

+75.96% YoY

30.79% of Sub-Ch. 3207

FY 2023-24 Exp. Rank #4974

Balance

−449.19

Exports

17.13 ₹ Cr

0.0005% share

−36.41% YoY

5.42% of Sub-Ch. 3207

Imports

466.32 ₹ Cr

0.0083% share

−2.57% YoY

29.20% of Sub-Ch. 3207

FY 2024-25 Exp. Rank #5129

Balance

−408.69

Exports

16.48 ₹ Cr

0.0004% share

−3.79% YoY

4.12% of Sub-Ch. 3207

Imports

425.17 ₹ Cr

0.0070% share

−8.82% YoY

25.77% of Sub-Ch. 3207

CAGR · 7-Year

Exports

−14.38% /yr

Imports

6.47% /yr

Consistently Deficit
Sub-Chapter 3207 total

reference, FY 2024-25

Export

₹400.06 Cr

Import

₹1,650.08 Cr

Trade Balance

−1,250.02

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 32071040 Export-Import Analysis

Export Decline: −14.38% CAGR Over 7 Years

India's exports under HSN Code 32071040 have declined at a compound annual rate of −14.38% over 7 fiscal years, falling from ₹41.82 Crore in FY 2018-19 to ₹16.48 Crore in FY 2024-25.

HSN Code 32071040 Ranked #5129 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 32071040 ranks #5129 out of 12657 HSN codes by total export value. Within Sub-Chapter 3207, it ranks #6 of 9. By trade surplus, it ranks #11772 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 32071040 Exports

The strongest single-year export movement for HSN Code 32071040 was recorded in FY 2022-23, when exports surged by 53.42% over the prior year.

India Records a Trade Deficit of ₹408.69 Crore in HSN Code 32071040 Goods

In FY 2024-25, India's imports of ₹425.17 Cr exceeded exports of ₹16.48 Cr, resulting in a trade deficit of ₹408.69 Crore — ranking #11772 of 12657 by surplus magnitude.

Import Growth of 6.47% CAGR Signals Stable Import Dependency for Prepared Opacifiers and Similar Preparations

India's imports under HSN Code 32071040 have grown at 6.47% CAGR, reaching ₹425.17 Crore in FY 2024-25.

HSN Code 32071040 Contributes 4.12% of Sub-Chapter 3207 Exports — Ranked #6

Among the 9 HSN codes under Sub-Chapter 3207, HSN Code 32071040 ranks #6 by export value — accounting for 4.12% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 25.77% share (rank #2).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 32071040 and GST compliance.

What products are classified under HSN 32071040 ?

It includes Prepared Opacifiers and Similar Preparations

Does packaging or labelling change the GST for Prepared Opacifiers and Similar Preparations?

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 Prepared Opacifiers and Similar Preparations?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Prepared Opacifiers and Similar Preparations?

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.

Any common misclassification issue with Prepared Opacifiers and Similar Preparations?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Prepared Opacifiers and Similar Preparations is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Prepared Opacifiers and Similar Preparations; Nil for exempt items if applicable).

How much GST applies to Prepared Opacifiers and Similar Preparations?

Under HSN 32071040, Prepared Opacifiers and Similar Preparations attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.