--- title: "HSN Code for Synthetic Polymer Paints & Varnishes | HSN 32089090 GST Rate" description: "Find HSN and GST Rates for 32089090 related to Synthetic Polymer Paints & Varnishes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-32089090/" --- # HSN Code 32089090: Synthetic Polymer Paints & 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 : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 32089090 ? It includes Synthetic Polymer Paints & Varnishes ### Does packaging or labelling change the GST for Synthetic Polymer Paints & 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 Synthetic Polymer Paints & Varnishes? Under HSN 32089090, Synthetic Polymer Paints & Varnishes attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Synthetic Polymer Paints & Varnishes is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Synthetic Polymer Paints & Varnishes; Nil for exempt items if applicable). ### Any common misclassification issue with Synthetic Polymer Paints & 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 Synthetic Polymer Paints & Varnishes? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 32089090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹321 Cr (+15.52% YoY) — 0.0087% of India's total exports - Imports: ₹1,122 Cr (+13.91% YoY) — 0.0185% of India's total imports - Trade balance: −₹801 Cr (Deficit); surplus rank #12127 of 12657 HSN codes - Share of Sub-Chapter 3208: 38.15% of its exports; import side 44.41% - Rank within Sub-Chapter 3208: #1 of 18 by export value; import-side #1 ### Key metrics - Export CAGR: 11.84% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1371 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +39.12% in FY 2022-23 - Contribution to Sub-Ch. 3208: 38.15% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 32089090 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 | 163.83 | 0.0072% | — | 38.90% | 649.56 | 0.0181% | — | 42.06% | −485.73 | #1508 | | FY 2019-20 | 146.79 | 0.0067% | −10.40% | 33.81% | 596.08 | 0.0178% | −8.23% | 38.83% | −449.29 | #1601 | | FY 2020-21 | 159.28 | 0.0074% | +8.51% | 34.91% | 586.92 | 0.0201% | −1.54% | 39.80% | −427.64 | #1600 | | FY 2021-22 | 189.74 | 0.0060% | +19.12% | 33.26% | 727.27 | 0.0159% | +23.91% | 39.68% | −537.53 | #1701 | | FY 2022-23 | 263.96 | 0.0073% | +39.12% | 40.14% | 889.46 | 0.0155% | +22.30% | 39.58% | −625.50 | #1448 | | FY 2023-24 | 277.58 | 0.0077% | +5.16% | 35.57% | 984.95 | 0.0175% | +10.74% | 42.71% | −707.37 | #1452 | | FY 2024-25 | 320.67 | 0.0087% | +15.52% | 38.15% | 1,121.95 | 0.0185% | +13.91% | 44.41% | −801.28 | #1371 | - CAGR (7-year): exports 11.84%/yr, imports 9.54%/yr (consistently Deficit) ## Key trade insights: HSN Code 32089090 export-import analysis ### Consistent export growth: 11.84% CAGR over 7 years India's exports under HSN Code 32089090 have grown at a compound annual rate of 11.84% over 7 fiscal years, rising from ₹163.83 Crore in FY 2018-19 to ₹320.67 Crore in FY 2024-25. ### HSN Code 32089090 ranked #1371 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 32089090 ranks #1371 out of 12657 HSN codes by total export value. Within Sub-Chapter 3208, it ranks #1 of 18. By trade surplus, it ranks #12127 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 32089090 exports The strongest single-year export movement for HSN Code 32089090 was recorded in FY 2022-23, when exports surged by 39.12% over the prior year. ### India records a trade deficit of ₹801.28 Crore in HSN Code 32089090 goods In FY 2024-25, India's imports of ₹1,121.95 Cr exceeded exports of ₹320.67 Cr, resulting in a trade deficit of ₹801.28 Crore — ranking #12127 of 12657 by surplus magnitude. ### Import growth of 9.54% CAGR signals stable import dependency for Synthetic Polymer Paints & Varnishes India's imports under HSN Code 32089090 have grown at 9.54% CAGR, reaching ₹1,121.95 Crore in FY 2024-25. ### HSN Code 32089090 contributes 38.15% of Sub-Chapter 3208 exports — ranked #1 Among the 18 HSN codes under Sub-Chapter 3208, HSN Code 32089090 ranks #1 by export value — accounting for 38.15% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 44.41% share (rank #1). ## 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 (this hsn code) | ₹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 |