---
title: "HSN Code for Other | Varnishes | HSN 32089041 GST Rate"
description: "Find HSN and GST Rates for 32089041 related to Other | Varnishes with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-32089041/"
---

# HSN Code 32089041: Other | 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 |
| --- | --- | --- | --- | --- |
| Other : Varnishes : Insulating varnish | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 32089041 ?

It includes Other | Varnishes

### Any common misclassification issue with Other / 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 Other / Varnishes?

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

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

### Does packaging or labelling change the GST for Other / 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.

### How much GST applies to Other / Varnishes?

Under HSN 32089041, Other / Varnishes attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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

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

## India's trade performance: HSN Code 32089041 (FY 2024-25)

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

- Exports: ₹17 Cr (+0.54% YoY) — 0.0005% of India's total exports
- Imports: ₹48 Cr (+47.66% YoY) — 0.0008% of India's total imports
- Trade balance: −₹31 Cr (Deficit); surplus rank #9863 of 12657 HSN codes
- Share of Sub-Chapter 3208: 1.99% of its exports; import side 1.89%
- Rank within Sub-Chapter 3208: #8 of 18 by export value; import-side #7

### Key metrics

- Export CAGR: 9.81% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #5116 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +71.65% in FY 2022-23
- Contribution to Sub-Ch. 3208: 1.99% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 32089041

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 | 9.53 | 0.0004% | — | 2.26% | 21.74 | 0.0006% | — | 1.41% | −12.21 | #5036 |
| FY 2019-20 | 11.86 | 0.0005% | +24.45% | 2.73% | 23.85 | 0.0007% | +9.71% | 1.55% | −11.99 | #4778 |
| FY 2020-21 | 7.49 | 0.0003% | −36.85% | 1.64% | 22.89 | 0.0008% | −4.03% | 1.55% | −15.40 | #5434 |
| FY 2021-22 | 9.56 | 0.0003% | +27.64% | 1.68% | 34.37 | 0.0008% | +50.15% | 1.88% | −24.81 | #5543 |
| FY 2022-23 | 16.41 | 0.0005% | +71.65% | 2.50% | 35.15 | 0.0006% | +2.27% | 1.56% | −18.74 | #4944 |
| FY 2023-24 | 16.62 | 0.0005% | +1.28% | 2.13% | 32.31 | 0.0006% | −8.08% | 1.40% | −15.69 | #5024 |
| FY 2024-25 | 16.71 | 0.0005% | +0.54% | 1.99% | 47.71 | 0.0008% | +47.66% | 1.89% | −31.00 | #5116 |

- CAGR (7-year): exports 9.81%/yr, imports 14.00%/yr (consistently Deficit)

## Key trade insights: HSN Code 32089041 export-import analysis

### Consistent export growth: 9.81% CAGR over 7 years

India's exports under HSN Code 32089041 have grown at a compound annual rate of 9.81% over 7 fiscal years, rising from ₹9.53 Crore in FY 2018-19 to ₹16.71 Crore in FY 2024-25.

### HSN Code 32089041 ranked #5116 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 32089041 ranks #5116 out of 12657 HSN codes by total export value. Within Sub-Chapter 3208, it ranks #8 of 18. By trade surplus, it ranks #9863 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 32089041 exports

The strongest single-year export movement for HSN Code 32089041 was recorded in FY 2022-23, when exports surged by 71.65% over the prior year.

### India records a trade deficit of ₹31.00 Crore in HSN Code 32089041 goods

In FY 2024-25, India's imports of ₹47.71 Cr exceeded exports of ₹16.71 Cr, resulting in a trade deficit of ₹31.00 Crore — ranking #9863 of 12657 by surplus magnitude.

### Import growth of 14.00% CAGR signals rising demand for Other | Varnishes

India's imports under HSN Code 32089041 have grown at 14.00% CAGR, reaching ₹47.71 Crore in FY 2024-25.

### HSN Code 32089041 contributes 1.99% of Sub-Chapter 3208 exports — ranked #8

Among the 18 HSN codes under Sub-Chapter 3208, HSN Code 32089041 ranks #8 by export value — accounting for 1.99% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.89% share (rank #7).

## 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 (this hsn code) | ₹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 |