HSN Code 32089090: Synthetic Polymer Paints & Varnishes

HSN Code 32089090 represents Synthetic Polymer Paints & Varnishes under GST classification. This code helps businesses identify Synthetic Polymer Paints & Varnishes correctly for billing, taxation, and trade. With HSN Code 32089090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Synthetic Polymer Paints & Varnishes.

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Description of Goods for HSN Code 32089090

HSN Code 32089090 relates to the following description.

Description of Goods

Other : 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%

What does HSN Code 32089090 not include?

Synthetic Polymer Paints & Varnishes does not include products with the following descriptions.

HSN Code 32089011

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

India’s Trade Performance — HSN Code 32089090 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

₹321 Cr

+15.52% vs FY 2023-24

0.0087% of India’s total exports

India’s Imports

FY 2024-25

₹1,122 Cr

+13.91% vs FY 2023-24

0.0185% of India’s total imports

Trade Balance

FY 2024-25

−₹801 Cr

Trade Deficit

Surplus rank #12127 of 12657 HSN codes

% of Sub-Chapter 3208

FY 2024-25

38.15%

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

Import side: 44.41% of Sub-Chapter 3208’s imports

Rank Within Sub-Chapter 3208

FY 2024-25

#1 of 18

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

Import-side rank: #1 of 18

At a glance

11.84%

Export CAGR

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

#1371

National Export Rank

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

+39.12%

Peak Growth Year

FY 2022-23 · strongest single-year move

38.15%

Contribution to Sub-Ch. 3208

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1508

Balance

−485.73

Exports

163.83 ₹ Cr

0.0072% share

— YoY

38.90% of Sub-Ch. 3208

Imports

649.56 ₹ Cr

0.0181% share

— YoY

42.06% of Sub-Ch. 3208

FY 2019-20 Exp. Rank #1601

Balance

−449.29

Exports

146.79 ₹ Cr

0.0067% share

−10.40% YoY

33.81% of Sub-Ch. 3208

Imports

596.08 ₹ Cr

0.0178% share

−8.23% YoY

38.83% of Sub-Ch. 3208

FY 2020-21 Exp. Rank #1600

Balance

−427.64

Exports

159.28 ₹ Cr

0.0074% share

+8.51% YoY

34.91% of Sub-Ch. 3208

Imports

586.92 ₹ Cr

0.0201% share

−1.54% YoY

39.80% of Sub-Ch. 3208

FY 2021-22 Exp. Rank #1701

Balance

−537.53

Exports

189.74 ₹ Cr

0.0060% share

+19.12% YoY

33.26% of Sub-Ch. 3208

Imports

727.27 ₹ Cr

0.0159% share

+23.91% YoY

39.68% of Sub-Ch. 3208

FY 2022-23 Exp. Rank #1448

Balance

−625.50

Exports

263.96 ₹ Cr

0.0073% share

+39.12% YoY

40.14% of Sub-Ch. 3208

Imports

889.46 ₹ Cr

0.0155% share

+22.30% YoY

39.58% of Sub-Ch. 3208

FY 2023-24 Exp. Rank #1452

Balance

−707.37

Exports

277.58 ₹ Cr

0.0077% share

+5.16% YoY

35.57% of Sub-Ch. 3208

Imports

984.95 ₹ Cr

0.0175% share

+10.74% YoY

42.71% of Sub-Ch. 3208

FY 2024-25 Exp. Rank #1371

Balance

−801.28

Exports

320.67 ₹ Cr

0.0087% share

+15.52% YoY

38.15% of Sub-Ch. 3208

Imports

1,121.95 ₹ Cr

0.0185% share

+13.91% YoY

44.41% of Sub-Ch. 3208

CAGR · 7-Year

Exports

11.84% /yr

Imports

9.54% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 32089090 and GST compliance.

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.

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.