--- title: "HSN Code for Acrylic or Vinyl Varnishes | HSN 32082030 GST Rate" description: "Find HSN and GST Rates for 32082030 related to Acrylic or Vinyl Varnishes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-32082030/" --- # HSN Code 32082030: Acrylic or Vinyl Varnishes - [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 : Varnishes | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 32082030 ? It includes Acrylic or Vinyl Varnishes ### How much GST applies to Acrylic or Vinyl Varnishes? Under HSN 32082030, Acrylic or Vinyl Varnishes 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 Varnishes? 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 Acrylic or Vinyl Varnishes? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Acrylic or Vinyl Varnishes? 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 Acrylic or Vinyl Varnishes? 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. ## India's trade performance: HSN Code 32082030 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹5 Cr (+48.39% YoY) — 0.0001% of India's total exports - Imports: ₹7 Cr (−5.42% YoY) — 0.0001% of India's total imports - Trade balance: −₹3 Cr (Deficit); surplus rank #8324 of 12657 HSN codes - Share of Sub-Chapter 3208: 0.55% of its exports; import side 0.29% - Rank within Sub-Chapter 3208: #15 of 18 by export value; import-side #14 ### Key metrics - Export CAGR: 6.63% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6726 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +48.39% in FY 2024-25 - Contribution to Sub-Ch. 3208: 0.55% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 32082030 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 | 3.13 | 0.0001% | — | 0.74% | 4.18 | 0.0001% | — | 0.27% | −1.05 | #6409 | | FY 2019-20 | 2.95 | 0.0001% | −5.75% | 0.68% | 4.25 | 0.0001% | +1.67% | 0.28% | −1.30 | #6485 | | FY 2020-21 | 3.29 | 0.0002% | +11.53% | 0.72% | 2.86 | 0.0001% | −32.71% | 0.19% | +0.43 | #6449 | | FY 2021-22 | 4.49 | 0.0001% | +36.47% | 0.79% | 9.10 | 0.0002% | +218.18% | 0.50% | −4.61 | #6491 | | FY 2022-23 | 4.81 | 0.0001% | +7.13% | 0.73% | 6.55 | 0.0001% | −28.02% | 0.29% | −1.74 | #6498 | | FY 2023-24 | 3.10 | 0.0001% | −35.55% | 0.40% | 7.75 | 0.0001% | +18.32% | 0.34% | −4.65 | #7101 | | FY 2024-25 | 4.60 | 0.0001% | +48.39% | 0.55% | 7.33 | 0.0001% | −5.42% | 0.29% | −2.73 | #6726 | - CAGR (7-year): exports 6.63%/yr, imports 9.81%/yr (consistently Deficit) ## Key trade insights: HSN Code 32082030 export-import analysis ### Consistent export growth: 6.63% CAGR over 7 years India's exports under HSN Code 32082030 have grown at a compound annual rate of 6.63% over 7 fiscal years, rising from ₹3.13 Crore in FY 2018-19 to ₹4.60 Crore in FY 2024-25. ### HSN Code 32082030 ranked #6726 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 32082030 ranks #6726 out of 12657 HSN codes by total export value. Within Sub-Chapter 3208, it ranks #15 of 18. By trade surplus, it ranks #8324 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 32082030 exports The strongest single-year export movement for HSN Code 32082030 was recorded in FY 2024-25, when exports surged by 48.39% over the prior year. ### India records a trade deficit of ₹2.73 Crore in HSN Code 32082030 goods In FY 2024-25, India's imports of ₹7.33 Cr exceeded exports of ₹4.60 Cr, resulting in a trade deficit of ₹2.73 Crore — ranking #8324 of 12657 by surplus magnitude. ### Import growth of 9.81% CAGR signals stable import dependency for Acrylic or Vinyl Varnishes India's imports under HSN Code 32082030 have grown at 9.81% CAGR, reaching ₹7.33 Crore in FY 2024-25. ### HSN Code 32082030 contributes 0.55% of Sub-Chapter 3208 exports — ranked #15 Among the 18 HSN codes under Sub-Chapter 3208, HSN Code 32082030 ranks #15 by export value — accounting for 0.55% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.29% share (rank #14). ## 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 | | #15 | HSN Code 32082030: Acrylic or Vinyl Varnishes (this hsn code) | ₹5 Cr |