HSN Code 32089011: Nitrocellulose Lacquers

HSN Code 32089011 represents Nitrocellulose Lacquers under GST classification. This code helps businesses identify Nitrocellulose Lacquers correctly for billing, taxation, and trade. With HSN Code 32089011, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Nitrocellulose Lacquers.

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Description of Goods for HSN Code 32089011

HSN Code 32089011 relates to the following description.

Description of Goods

Other : Based on cellulose nitrate or other cellulose derivatives : Nitrocellulose lacquers

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

3208 - Paints and varnishes (including enamels and lacquers) based on synthetic polymers or chemically modified natural polymers,dispersed or dissolved in a non-aqueous medium; solutions as defined in note 4 to this chapter

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 32089011 not include?

Nitrocellulose Lacquers does not include products with the following descriptions.

India’s Trade Performance — HSN Code 32089011 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

₹9 Cr

−3.55% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

+36.49% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹7 Cr

Trade Surplus

Surplus rank #3528 of 12657 HSN codes

% of Sub-Chapter 3208

FY 2024-25

1.10%

Share of Sub-Chapter 3208’s total exports in FY 2024-25

Import side: 0.08% of Sub-Chapter 3208’s imports

Rank Within Sub-Chapter 3208

FY 2024-25

#10 of 18

Position by export value among HSN codes in Sub-Chapter 3208

Import-side rank: #15 of 18

At a glance

9.76%

Export CAGR

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

#5877

National Export Rank

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

+157.58%

Peak Growth Year

FY 2022-23 · strongest single-year move

1.10%

Contribution to Sub-Ch. 3208

Share of Sub-Chapter 3208 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 32089011

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 #5800

Balance

−3.90

Exports

5.28 ₹ Cr

0.0002% share

— YoY

1.25% of Sub-Ch. 3208

Imports

9.18 ₹ Cr

0.0003% share

— YoY

0.59% of Sub-Ch. 3208

FY 2019-20 Exp. Rank #5613

Balance

−1.87

Exports

6.09 ₹ Cr

0.0003% share

+15.34% YoY

1.40% of Sub-Ch. 3208

Imports

7.96 ₹ Cr

0.0002% share

−13.29% YoY

0.52% of Sub-Ch. 3208

FY 2020-21 Exp. Rank #6093

Balance

+1.52

Exports

4.37 ₹ Cr

0.0002% share

−28.24% YoY

0.96% of Sub-Ch. 3208

Imports

2.85 ₹ Cr

0.0001% share

−64.20% YoY

0.19% of Sub-Ch. 3208

FY 2021-22 Exp. Rank #6215

Balance

+1.63

Exports

5.61 ₹ Cr

0.0002% share

+28.38% YoY

0.98% of Sub-Ch. 3208

Imports

3.98 ₹ Cr

0.0001% share

+39.65% YoY

0.22% of Sub-Ch. 3208

FY 2022-23 Exp. Rank #5125

Balance

+11.03

Exports

14.45 ₹ Cr

0.0004% share

+157.58% YoY

2.20% of Sub-Ch. 3208

Imports

3.42 ₹ Cr

0.0001% share

−14.07% YoY

0.15% of Sub-Ch. 3208

FY 2023-24 Exp. Rank #5791

Balance

+8.09

Exports

9.57 ₹ Cr

0.0003% share

−33.77% YoY

1.23% of Sub-Ch. 3208

Imports

1.48 ₹ Cr

0.0000% share

−56.73% YoY

0.06% of Sub-Ch. 3208

FY 2024-25 Exp. Rank #5877

Balance

+7.21

Exports

9.23 ₹ Cr

0.0003% share

−3.55% YoY

1.10% of Sub-Ch. 3208

Imports

2.02 ₹ Cr

0.0000% share

+36.49% YoY

0.08% of Sub-Ch. 3208

CAGR · 7-Year

Exports

9.76% /yr

Imports

−22.30% /yr

Consistently Surplus
Sub-Chapter 3208 total

reference, FY 2024-25

Export

₹840.56 Cr

Import

₹2,526.61 Cr

Trade Balance

−1,686.05

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

Key Trade Insights: HSN Code 32089011 Export-Import Analysis

Consistent Export Growth: 9.76% CAGR Over 7 Years

India's exports under HSN Code 32089011 have grown at a compound annual rate of 9.76% over 7 fiscal years, rising from ₹5.28 Crore in FY 2018-19 to ₹9.23 Crore in FY 2024-25.

HSN Code 32089011 Ranked #5877 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 32089011 ranks #5877 out of 12657 HSN codes by total export value. Within Sub-Chapter 3208, it ranks #10 of 18. By trade surplus, it ranks #3528 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 32089011 Exports

The strongest single-year export movement for HSN Code 32089011 was recorded in FY 2022-23, when exports surged by 157.58% over the prior year.

India Maintains a Trade Surplus of ₹7.21 Crore in HSN Code 32089011 Goods

In FY 2024-25, India's exports of ₹9.23 Cr exceeded imports of ₹2.02 Cr, resulting in a trade surplus of ₹7.21 Crore — ranking #3528 of 12657 by surplus magnitude.

Import Growth of −22.30% CAGR Signals Stable Import Dependency for Nitrocellulose Lacquers

India's imports under HSN Code 32089011 have grown at −22.30% CAGR, reaching ₹2.02 Crore in FY 2024-25.

HSN Code 32089011 Contributes 1.10% of Sub-Chapter 3208 Exports — Ranked #10

Among the 18 HSN codes under Sub-Chapter 3208, HSN Code 32089011 ranks #10 by export value — accounting for 1.10% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #15).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 32089011 and GST compliance.

What products are classified under HSN 32089011 ?

It includes Nitrocellulose Lacquers

Can we claim ITC on inputs used to trade Nitrocellulose Lacquers?

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 Nitrocellulose 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.

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

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

Do e‑way bill and e‑invoice apply for Nitrocellulose 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 much GST applies to Nitrocellulose Lacquers?

Under HSN 32089011, Nitrocellulose Lacquers 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.