HSN Code 32089049 represents Other | Varnishes under GST classification. This code helps businesses identify Other | Varnishes correctly for billing, taxation, and trade. With HSN Code 32089049, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Varnishes.
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HSN Code 32089049 relates to the following description.
Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter;paints and varnishes; putty and other mastics; inks
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
Other : Varnishes : Other
9%
9%
18%
0%
Description of Goods
Other : Varnishes : Other
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%
Other | Varnishes does not include products with the following descriptions.
Based on polyesters : Enamels
Based on polyesters : Lacquers
Based on polyesters : Varnishes
Based on polyesters : Other
Based on acrylic or vinyl polymers : Enamels
Based on acrylic or vinyl polymers : Lacquers
Based on acrylic or vinyl polymers : Varnishes
Based on acrylic or vinyl polymers : Other
Other : Based on cellulose nitrate or other cellulose derivatives : Nitrocellulose lacquers
Other : Based on cellulose nitrate or other cellulose derivatives : Other
Other : Enamels : Synthetic enamel, ultra white paints
Other : Enamels : Synthetic enamel, other colours
Other : Enamels : Other
Other : Lacquers
Other : Varnishes : Insulating varnish
Other : Slip agents
Other : Other
Based on polyesters : Enamels
Based on polyesters : Lacquers
Based on polyesters : Varnishes
Based on polyesters : Other
Based on acrylic or vinyl polymers : Enamels
Based on acrylic or vinyl polymers : Lacquers
Based on acrylic or vinyl polymers : Varnishes
Based on acrylic or vinyl polymers : Other
Other : Based on cellulose nitrate or other cellulose derivatives : Nitrocellulose lacquers
Other : Based on cellulose nitrate or other cellulose derivatives : Other
Other : Enamels : Synthetic enamel, ultra white paints
Other : Enamels : Synthetic enamel, other colours
Other : Enamels : Other
Other : Lacquers
Other : Varnishes : Insulating varnish
Other : Slip agents
Other : Other
India’s Exports
FY 2024-25₹8 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹17 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25−₹9 Cr
Surplus rank #9010 of 12657 HSN codes
% of Sub-Chapter 3208
FY 2024-250.94%
Share of Sub-Chapter 3208’s total exports in FY 2024-25
Import side: 0.67% of Sub-Chapter 3208’s imports
Rank Within Sub-Chapter 3208
FY 2024-25#11 of 18
Position by export value among HSN codes in Sub-Chapter 3208
Import-side rank: #12 of 18
At a glance
16.61%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6055
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+93.13%
Peak Growth Year
FY 2020-21 · strongest single-year move
0.94%
Contribution to Sub-Ch. 3208
Share of Sub-Chapter 3208 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−4.16
Exports
3.15 ₹ Cr
0.0001% share
— YoY
0.75% of Sub-Ch. 3208
Imports
7.31 ₹ Cr
0.0002% share
— YoY
0.47% of Sub-Ch. 3208
Balance
−6.07
Exports
2.33 ₹ Cr
0.0001% share
−26.03% YoY
0.54% of Sub-Ch. 3208
Imports
8.40 ₹ Cr
0.0003% share
+14.91% YoY
0.55% of Sub-Ch. 3208
Balance
−3.74
Exports
4.50 ₹ Cr
0.0002% share
+93.13% YoY
0.99% of Sub-Ch. 3208
Imports
8.24 ₹ Cr
0.0003% share
−1.90% YoY
0.56% of Sub-Ch. 3208
Balance
−5.43
Exports
4.34 ₹ Cr
0.0001% share
−3.56% YoY
0.76% of Sub-Ch. 3208
Imports
9.77 ₹ Cr
0.0002% share
+18.57% YoY
0.53% of Sub-Ch. 3208
Balance
−7.80
Exports
4.67 ₹ Cr
0.0001% share
+7.60% YoY
0.71% of Sub-Ch. 3208
Imports
12.47 ₹ Cr
0.0002% share
+27.64% YoY
0.55% of Sub-Ch. 3208
Balance
−9.95
Exports
5.99 ₹ Cr
0.0002% share
+28.27% YoY
0.77% of Sub-Ch. 3208
Imports
15.94 ₹ Cr
0.0003% share
+27.83% YoY
0.69% of Sub-Ch. 3208
Balance
−9.08
Exports
7.92 ₹ Cr
0.0002% share
+32.22% YoY
0.94% of Sub-Ch. 3208
Imports
17.00 ₹ Cr
0.0003% share
+6.65% YoY
0.67% of Sub-Ch. 3208
CAGR · 7-Year
Exports
16.61% /yr
Imports
15.10% /yr
reference, FY 2024-25
Export
₹840.56 Cr
Import
₹2,526.61 Cr
Trade Balance
−1,686.05
India's exports under HSN Code 32089049 have grown at a compound annual rate of 16.61% over 7 fiscal years, rising from ₹3.15 Crore in FY 2018-19 to ₹7.92 Crore in FY 2024-25.
In FY 2024-25, HSN Code 32089049 ranks #6055 out of 12657 HSN codes by total export value. Within Sub-Chapter 3208, it ranks #11 of 18. By trade surplus, it ranks #9010 of 12657.
The strongest single-year export movement for HSN Code 32089049 was recorded in FY 2020-21, when exports surged by 93.13% over the prior year.
In FY 2024-25, India's imports of ₹17.00 Cr exceeded exports of ₹7.92 Cr, resulting in a trade deficit of ₹9.08 Crore — ranking #9010 of 12657 by surplus magnitude.
India's imports under HSN Code 32089049 have grown at 15.10% CAGR, reaching ₹17.00 Crore in FY 2024-25.
Among the 18 HSN codes under Sub-Chapter 3208, HSN Code 32089049 ranks #11 by export value — accounting for 0.94% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.67% share (rank #12).
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Clear answers to common queries about HSN Code 32089049 and GST compliance.
It includes 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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
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).
Under HSN 32089049, Other / Varnishes attracts Varies when sold in taxable form. Describe the exact form on the invoice.