---
title: "HSN Code for Polyester Lacquers | HSN 32081020 GST Rate"
description: "Find HSN and GST Rates for 32081020 related to Polyester Lacquers with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-32081020/"
---

# HSN Code 32081020: Polyester Lacquers

- [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 3208: Synthetic polymer paints & varnishes](https://busy.in/hsn/sub-chapter-3208/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Based on polyesters : Lacquers | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 32081020 ?

It includes Polyester Lacquers

### Any common misclassification issue with Polyester Lacquers?

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

### Does packaging or labelling change the GST for Polyester Lacquers?

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.

### Do e‑way bill and e‑invoice apply for Polyester Lacquers?

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 should mixed supplies be billed when Polyester Lacquers is sold with other items?

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

### Can we claim ITC on inputs used to trade Polyester Lacquers?

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 32081020 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹33 Cr (+13.99% YoY) — 0.0009% of India's total exports
- Imports: ₹74 Cr (+34.33% YoY) — 0.0012% of India's total imports
- Trade balance: −₹41 Cr (Deficit); surplus rank #10095 of 12657 HSN codes
- Share of Sub-Chapter 3208: 3.94% of its exports; import side 2.94%
- Rank within Sub-Chapter 3208: #4 of 18 by export value; import-side #6

### Key metrics

- Export CAGR: 23.98% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4192 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +57.06% in FY 2021-22
- Contribution to Sub-Ch. 3208: 3.94% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 32081020

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. 3208 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3208 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 9.11 | 0.0004% | — | 2.16% | 24.11 | 0.0007% | — | 1.56% | −15.00 | #5093 |
| FY 2019-20 | 13.01 | 0.0006% | +42.81% | 3.00% | 29.09 | 0.0009% | +20.66% | 1.90% | −16.08 | #4672 |
| FY 2020-21 | 12.11 | 0.0006% | −6.92% | 2.65% | 32.04 | 0.0011% | +10.14% | 2.17% | −19.93 | #4831 |
| FY 2021-22 | 19.02 | 0.0006% | +57.06% | 3.33% | 48.20 | 0.0011% | +50.44% | 2.63% | −29.18 | #4663 |
| FY 2022-23 | 25.62 | 0.0007% | +34.70% | 3.90% | 58.70 | 0.0010% | +21.78% | 2.61% | −33.08 | #4368 |
| FY 2023-24 | 29.02 | 0.0008% | +13.27% | 3.72% | 55.28 | 0.0010% | −5.83% | 2.40% | −26.26 | #4286 |
| FY 2024-25 | 33.08 | 0.0009% | +13.99% | 3.94% | 74.26 | 0.0012% | +34.33% | 2.94% | −41.18 | #4192 |

- CAGR (7-year): exports 23.98%/yr, imports 20.62%/yr (consistently Deficit)

## Key trade insights: HSN Code 32081020 export-import analysis

### Consistent export growth: 23.98% CAGR over 7 years

India's exports under HSN Code 32081020 have grown at a compound annual rate of 23.98% over 7 fiscal years, rising from ₹9.11 Crore in FY 2018-19 to ₹33.08 Crore in FY 2024-25.

### HSN Code 32081020 ranked #4192 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 32081020 ranks #4192 out of 12657 HSN codes by total export value. Within Sub-Chapter 3208, it ranks #4 of 18. By trade surplus, it ranks #10095 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 32081020 exports

The strongest single-year export movement for HSN Code 32081020 was recorded in FY 2021-22, when exports surged by 57.06% over the prior year.

### India records a trade deficit of ₹41.18 Crore in HSN Code 32081020 goods

In FY 2024-25, India's imports of ₹74.26 Cr exceeded exports of ₹33.08 Cr, resulting in a trade deficit of ₹41.18 Crore — ranking #10095 of 12657 by surplus magnitude.

### Import growth of 20.62% CAGR signals rising demand for Polyester Lacquers

India's imports under HSN Code 32081020 have grown at 20.62% CAGR, reaching ₹74.26 Crore in FY 2024-25.

### HSN Code 32081020 contributes 3.94% of Sub-Chapter 3208 exports — ranked #4

Among the 18 HSN codes under Sub-Chapter 3208, HSN Code 32081020 ranks #4 by export value — accounting for 3.94% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.94% share (rank #6).

## Related HSN Codes in Sub-Chapter 3208

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 32089090: Synthetic Polymer Paints & Varnishes](https://busy.in/hsn/hsn-32089090/) | ₹321 Cr |
| #2 | [HSN Code 32081090: Other Polyester Paints](https://busy.in/hsn/hsn-32081090/) | ₹229 Cr |
| #3 | [HSN Code 32082090: Acrylic/Vinyl Polymer-Based Coatings](https://busy.in/hsn/hsn-32082090/) | ₹105 Cr |
| #4 | HSN Code 32081020: Polyester Lacquers (this hsn code) | ₹33 Cr |
| #5 | [HSN Code 32089029: Other \| Enamels](https://busy.in/hsn/hsn-32089029/) | ₹31 Cr |
| #6 | [HSN Code 32089019: Cellulose-Based Coatings](https://busy.in/hsn/hsn-32089019/) | ₹23 Cr |
| #7 | [HSN Code 32081010: Polyester Enamels](https://busy.in/hsn/hsn-32081010/) | ₹22 Cr |
| #8 | [HSN Code 32089041: Other \| Varnishes](https://busy.in/hsn/hsn-32089041/) | ₹17 Cr |
| #9 | [HSN Code 32089022: Other : Enamels : Synthetic enamel, other colours](https://busy.in/hsn/hsn-32089022/) | ₹15 Cr |
| #10 | [HSN Code 32089011: Nitrocellulose Lacquers](https://busy.in/hsn/hsn-32089011/) | ₹9 Cr |