--- title: "HSN Code for Liquid Lustres And Similar Preparations | HSN 32073000 GST Rate" description: "Find HSN and GST Rates for 32073000 related to Liquid Lustres And Similar Preparations with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-32073000/" --- # HSN Code 32073000: Liquid Lustres And Similar Preparations - [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 3207: Prepared pigments & ceramic colours](https://busy.in/hsn/sub-chapter-3207/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Liquid lustres and similar preparations | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 32073000 ? It includes Liquid Lustres And Similar Preparations ### Any common misclassification issue with Liquid Lustres 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. ### Do e‑way bill and e‑invoice apply for Liquid Lustres 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. ### Can we claim ITC on inputs used to trade Liquid Lustres 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. ### Does packaging or labelling change the GST for Liquid Lustres 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. ### How should mixed supplies be billed when Liquid Lustres 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 Liquid Lustres And Similar Preparations; Nil for exempt items if applicable). ## India's trade performance: HSN Code 32073000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹10 Cr (−3.65% YoY) — 0.0003% of India's total exports - Imports: ₹41 Cr (+59.71% YoY) — 0.0007% of India's total imports - Trade balance: −₹31 Cr (Deficit); surplus rank #9871 of 12657 HSN codes - Share of Sub-Chapter 3207: 2.51% of its exports; import side 2.51% - Rank within Sub-Chapter 3207: #7 of 9 by export value; import-side #5 ### Key metrics - Export CAGR: 15.09% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5779 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +74.07% in FY 2019-20 - Contribution to Sub-Ch. 3207: 2.51% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 32073000 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. 3207 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3207 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 4.32 | 0.0002% | — | 3.43% | 197.08 | 0.0055% | — | 17.74% | −192.76 | #6047 | | FY 2019-20 | 7.52 | 0.0003% | +74.07% | 4.92% | 250.23 | 0.0075% | +26.97% | 22.22% | −242.71 | #5363 | | FY 2020-21 | 11.57 | 0.0005% | +53.86% | 7.10% | 314.47 | 0.0108% | +25.67% | 25.28% | −302.90 | #4881 | | FY 2021-22 | 13.65 | 0.0004% | +17.98% | 4.84% | 327.63 | 0.0072% | +4.18% | 23.23% | −313.98 | #5081 | | FY 2022-23 | 10.35 | 0.0003% | −24.18% | 3.30% | 70.97 | 0.0012% | −78.34% | 4.57% | −60.62 | #5589 | | FY 2023-24 | 10.42 | 0.0003% | +0.68% | 3.30% | 25.89 | 0.0005% | −63.52% | 1.62% | −15.47 | #5683 | | FY 2024-25 | 10.04 | 0.0003% | −3.65% | 2.51% | 41.35 | 0.0007% | +59.71% | 2.51% | −31.31 | #5779 | - CAGR (7-year): exports 15.09%/yr, imports -22.91%/yr (consistently Deficit) ## Key trade insights: HSN Code 32073000 export-import analysis ### Consistent export growth: 15.09% CAGR over 7 years India's exports under HSN Code 32073000 have grown at a compound annual rate of 15.09% over 7 fiscal years, rising from ₹4.32 Crore in FY 2018-19 to ₹10.04 Crore in FY 2024-25. ### HSN Code 32073000 ranked #5779 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 32073000 ranks #5779 out of 12657 HSN codes by total export value. Within Sub-Chapter 3207, it ranks #7 of 9. By trade surplus, it ranks #9871 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 32073000 exports The strongest single-year export movement for HSN Code 32073000 was recorded in FY 2019-20, when exports surged by 74.07% over the prior year. ### India records a trade deficit of ₹31.31 Crore in HSN Code 32073000 goods In FY 2024-25, India's imports of ₹41.35 Cr exceeded exports of ₹10.04 Cr, resulting in a trade deficit of ₹31.31 Crore — ranking #9871 of 12657 by surplus magnitude. ### Import growth of -22.91% CAGR signals stable import dependency for Liquid Lustres And Similar Preparations India's imports under HSN Code 32073000 have grown at -22.91% CAGR, reaching ₹41.35 Crore in FY 2024-25. ### HSN Code 32073000 contributes 2.51% of Sub-Chapter 3207 exports — ranked #7 Among the 9 HSN codes under Sub-Chapter 3207, HSN Code 32073000 ranks #7 by export value — accounting for 2.51% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.51% share (rank #5). ## Related HSN Codes in Sub-Chapter 3207 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 32072010: Vitrifiable Enamels and Glazes](https://busy.in/hsn/hsn-32072010/) | ₹143 Cr | | #2 | [HSN Code 32071090: Other Prepared Pigments and Similar Preparations](https://busy.in/hsn/hsn-32071090/) | ₹103 Cr | | #3 | [HSN Code 32074000: Glass Frit and Other Glass in Powder, Granules, or Flakes](https://busy.in/hsn/hsn-32074000/) | ₹75 Cr | | #4 | [HSN Code 32072020: Engobes (slips) and similar: EnamelSlip](https://busy.in/hsn/hsn-32072020/) | ₹30 Cr | | #5 | [HSN Code 32071030: Prepared Inorganic Pigments](https://busy.in/hsn/hsn-32071030/) | ₹21 Cr | | #6 | [HSN Code 32071040: Prepared Opacifiers and Similar Preparations](https://busy.in/hsn/hsn-32071040/) | ₹16 Cr | | #7 | HSN Code 32073000: Liquid Lustres And Similar Preparations (this hsn code) | ₹10 Cr | | #8 | [HSN Code 32071010: Prepared Organic Dye-Stuff Pigments, Dry](https://busy.in/hsn/hsn-32071010/) | < ₹1 Crore | | #9 | [HSN Code 32071020: Prepared Organic Dye-Stuff Pigments](https://busy.in/hsn/hsn-32071020/) | < ₹1 Crore |