--- title: "HSN Code for Acrylic or Vinyl Lacquers | HSN 32082020 GST Rate" description: "Find HSN and GST Rates for 32082020 related to Acrylic or Vinyl Lacquers with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-32082020/" --- # HSN Code 32082020: Acrylic or Vinyl 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 acrylic or vinyl polymers : Lacquers | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 32082020 ? It includes Acrylic or Vinyl Lacquers ### How should mixed supplies be billed when Acrylic or Vinyl Lacquers is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Acrylic or Vinyl Lacquers; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Acrylic or Vinyl 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. ### Any common misclassification issue with Acrylic or Vinyl Lacquers? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Acrylic or Vinyl Lacquers? Under HSN 32082020, Acrylic or Vinyl Lacquers attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Acrylic or Vinyl 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. ## India's trade performance: HSN Code 32082020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹7 Cr (−28.59% YoY) — 0.0002% of India's total exports - Imports: ₹31 Cr (−15.55% YoY) — 0.0005% of India's total imports - Trade balance: −₹24 Cr (Deficit); surplus rank #9668 of 12657 HSN codes - Share of Sub-Chapter 3208: 0.82% of its exports; import side 1.22% - Rank within Sub-Chapter 3208: #12 of 18 by export value; import-side #9 ### Key metrics - Export CAGR: 12.89% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6247 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +229.62% in FY 2021-22 - Contribution to Sub-Ch. 3208: 0.82% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 32082020 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 | 3.32 | 0.0001% | — | 0.79% | 14.55 | 0.0004% | — | 0.94% | −11.23 | #6351 | | FY 2019-20 | 4.68 | 0.0002% | +40.96% | 1.08% | 17.78 | 0.0005% | +22.20% | 1.16% | −13.10 | #5939 | | FY 2020-21 | 5.47 | 0.0003% | +16.88% | 1.20% | 24.69 | 0.0008% | +38.86% | 1.67% | −19.22 | #5832 | | FY 2021-22 | 18.03 | 0.0006% | +229.62% | 3.16% | 25.24 | 0.0006% | +2.23% | 1.38% | −7.21 | #4727 | | FY 2022-23 | 10.91 | 0.0003% | −39.49% | 1.66% | 35.55 | 0.0006% | +40.85% | 1.58% | −24.64 | #5519 | | FY 2023-24 | 9.62 | 0.0003% | −11.82% | 1.23% | 36.40 | 0.0006% | +2.39% | 1.58% | −26.78 | #5780 | | FY 2024-25 | 6.87 | 0.0002% | −28.59% | 0.82% | 30.74 | 0.0005% | −15.55% | 1.22% | −23.87 | #6247 | - CAGR (7-year): exports 12.89%/yr, imports 13.28%/yr (consistently Deficit) ## Key trade insights: HSN Code 32082020 export-import analysis ### Consistent export growth: 12.89% CAGR over 7 years India's exports under HSN Code 32082020 have grown at a compound annual rate of 12.89% over 7 fiscal years, rising from ₹3.32 Crore in FY 2018-19 to ₹6.87 Crore in FY 2024-25. ### HSN Code 32082020 ranked #6247 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 32082020 ranks #6247 out of 12657 HSN codes by total export value. Within Sub-Chapter 3208, it ranks #12 of 18. By trade surplus, it ranks #9668 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 32082020 exports The strongest single-year export movement for HSN Code 32082020 was recorded in FY 2021-22, when exports surged by 229.62% over the prior year. ### India records a trade deficit of ₹23.87 Crore in HSN Code 32082020 goods In FY 2024-25, India's imports of ₹30.74 Cr exceeded exports of ₹6.87 Cr, resulting in a trade deficit of ₹23.87 Crore — ranking #9668 of 12657 by surplus magnitude. ### Import growth of 13.28% CAGR signals rising demand for Acrylic or Vinyl Lacquers India's imports under HSN Code 32082020 have grown at 13.28% CAGR, reaching ₹30.74 Crore in FY 2024-25. ### HSN Code 32082020 contributes 0.82% of Sub-Chapter 3208 exports — ranked #12 Among the 18 HSN codes under Sub-Chapter 3208, HSN Code 32082020 ranks #12 by export value — accounting for 0.82% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.22% share (rank #9). ## 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](https://busy.in/hsn/hsn-32081020/) | ₹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 | | #12 | HSN Code 32082020: Acrylic or Vinyl Lacquers (this hsn code) | ₹7 Cr |