HSN Code 32089030: Other | Lacquers

HSN Code 32089030 represents Other | Lacquers under GST classification. This code helps businesses identify Other | Lacquers correctly for billing, taxation, and trade. With HSN Code 32089030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Lacquers.

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Description of Goods for HSN Code 32089030

HSN Code 32089030 relates to the following description.

Description of Goods

Other : 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 32089030 not include?

Other | Lacquers does not include products with the following descriptions.

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

India’s Trade Performance — HSN Code 32089030 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

₹5 Cr

+60.68% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹20 Cr

+50.70% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

−₹15 Cr

Trade Deficit

Surplus rank #9361 of 12657 HSN codes

% of Sub-Chapter 3208

FY 2024-25

0.62%

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

Import side: 0.81% of Sub-Chapter 3208’s imports

Rank Within Sub-Chapter 3208

FY 2024-25

#14 of 18

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

Import-side rank: #11 of 18

At a glance

5.24%

Export CAGR

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

#6570

National Export Rank

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

+60.68%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.62%

Contribution to Sub-Ch. 3208

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

India Export-Import Trade Statistics for HSN Code 32089030

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 #6193

Balance

−4.65

Exports

3.82 ₹ Cr

0.0002% share

YoY

0.91% of Sub-Ch. 3208

Imports

8.47 ₹ Cr

0.0002% share

YoY

0.55% of Sub-Ch. 3208

FY 2019-20 Exp. Rank #6346

Balance

−3.77

Exports

3.30 ₹ Cr

0.0001% share

−13.61% YoY

0.76% of Sub-Ch. 3208

Imports

7.07 ₹ Cr

0.0002% share

−16.53% YoY

0.46% of Sub-Ch. 3208

FY 2020-21 Exp. Rank #6255

Balance

−5.06

Exports

3.82 ₹ Cr

0.0002% share

+15.76% YoY

0.84% of Sub-Ch. 3208

Imports

8.88 ₹ Cr

0.0003% share

+25.60% YoY

0.60% of Sub-Ch. 3208

FY 2021-22 Exp. Rank #6230

Balance

−6.85

Exports

5.53 ₹ Cr

0.0002% share

+44.76% YoY

0.97% of Sub-Ch. 3208

Imports

12.38 ₹ Cr

0.0003% share

+39.41% YoY

0.68% of Sub-Ch. 3208

FY 2022-23 Exp. Rank #6809

Balance

−8.73

Exports

3.57 ₹ Cr

0.0001% share

−35.44% YoY

0.54% of Sub-Ch. 3208

Imports

12.30 ₹ Cr

0.0002% share

−0.65% YoY

0.55% of Sub-Ch. 3208

FY 2023-24 Exp. Rank #7055

Balance

−10.32

Exports

3.23 ₹ Cr

0.0001% share

−9.52% YoY

0.41% of Sub-Ch. 3208

Imports

13.55 ₹ Cr

0.0002% share

+10.16% YoY

0.59% of Sub-Ch. 3208

FY 2024-25 Exp. Rank #6570

Balance

−15.23

Exports

5.19 ₹ Cr

0.0001% share

+60.68% YoY

0.62% of Sub-Ch. 3208

Imports

20.42 ₹ Cr

0.0003% share

+50.70% YoY

0.81% of Sub-Ch. 3208

CAGR · 7-Year

Exports

5.24% /yr

Imports

15.80% /yr

Consistently Deficit
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 32089030 Export-Import Analysis

Consistent Export Growth: 5.24% CAGR Over 7 Years

India's exports under HSN Code 32089030 have grown at a compound annual rate of 5.24% over 7 fiscal years, rising from ₹3.82 Crore in FY 2018-19 to ₹5.19 Crore in FY 2024-25.

HSN Code 32089030 Ranked #6570 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 32089030 ranks #6570 out of 12657 HSN codes by total export value. Within Sub-Chapter 3208, it ranks #14 of 18. By trade surplus, it ranks #9361 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 32089030 Exports

The strongest single-year export movement for HSN Code 32089030 was recorded in FY 2024-25, when exports surged by 60.68% over the prior year.

India Records a Trade Deficit of ₹15.23 Crore in HSN Code 32089030 Goods

In FY 2024-25, India's imports of ₹20.42 Cr exceeded exports of ₹5.19 Cr, resulting in a trade deficit of ₹15.23 Crore — ranking #9361 of 12657 by surplus magnitude.

Import Growth of 15.80% CAGR Signals Rising Demand for Other | Lacquers

India's imports under HSN Code 32089030 have grown at 15.80% CAGR, reaching ₹20.42 Crore in FY 2024-25.

HSN Code 32089030 Contributes 0.62% of Sub-Chapter 3208 Exports — Ranked #14

Among the 18 HSN codes under Sub-Chapter 3208, HSN Code 32089030 ranks #14 by export value — accounting for 0.62% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.81% share (rank #11).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 32089030 and GST compliance.

What products are classified under HSN 32089030 ?

It includes Other | Lacquers

Does packaging or labelling change the GST for Other / 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 much GST applies to Other / Lacquers?

Under HSN 32089030, Other / Lacquers attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Other / Lacquers?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

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

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

Do e‑way bill and e‑invoice apply for Other / 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.

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.