--- title: "HSN Code for Aqueous polymer-based paints, varnishes | Other. | HSN 32099090 GST Rate" description: "Find HSN and GST Rates for 32099090 related to Aqueous polymer-based paints, varnishes | Other. with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-32099090/" --- # HSN Code 32099090: Aqueous polymer-based paints, varnishes | Other. - [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 3209: Synthetic paints](https://busy.in/hsn/sub-chapter-3209/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 32099090 ? It includes Aqueous polymer-based paints, varnishes | Other. ### Any common misclassification issue with Aqueous polymer-based paints, varnishes / Other.? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Aqueous polymer-based paints, varnishes / Other.? 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. ### How should mixed supplies be billed when Aqueous polymer-based paints, varnishes / Other. is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Aqueous polymer-based paints, varnishes / Other.; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Aqueous polymer-based paints, varnishes / Other.? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Aqueous polymer-based paints, varnishes / Other.? Under HSN 32099090, Aqueous polymer-based paints, varnishes / Other. attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 32099090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹50 Cr (+13.83% YoY) — 0.0014% of India's total exports - Imports: ₹313 Cr (−12.97% YoY) — 0.0052% of India's total imports - Trade balance: −₹264 Cr (Deficit); surplus rank #11519 of 12657 HSN codes - Share of Sub-Chapter 3209: 30.57% of its exports; import side 47.52% - Rank within Sub-Chapter 3209: #3 of 5 by export value; import-side #1 ### Key metrics - Export CAGR: -10.55% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3632 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +51.41% in FY 2022-23 - Contribution to Sub-Ch. 3209: 30.57% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 32099090 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. 3209 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3209 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 97.22 | 0.0043% | — | 63.22% | 231.17 | 0.0064% | — | 60.55% | −133.95 | #2051 | | FY 2019-20 | 30.67 | 0.0014% | −68.45% | 23.94% | 161.49 | 0.0048% | −30.14% | 50.73% | −130.82 | #3570 | | FY 2020-21 | 25.02 | 0.0012% | −18.42% | 32.43% | 159.21 | 0.0055% | −1.41% | 48.52% | −134.19 | #3899 | | FY 2021-22 | 31.90 | 0.0010% | +27.50% | 33.45% | 209.90 | 0.0046% | +31.84% | 48.82% | −178.00 | #3970 | | FY 2022-23 | 48.30 | 0.0013% | +51.41% | 41.05% | 305.00 | 0.0053% | +45.31% | 54.50% | −256.70 | #3521 | | FY 2023-24 | 43.74 | 0.0012% | −9.44% | 36.28% | 360.16 | 0.0064% | +18.09% | 54.31% | −316.42 | #3720 | | FY 2024-25 | 49.79 | 0.0014% | +13.83% | 30.57% | 313.45 | 0.0052% | −12.97% | 47.52% | −263.66 | #3632 | - CAGR (7-year): exports -10.55%/yr, imports 5.21%/yr (consistently Deficit) ## Key trade insights: HSN Code 32099090 export-import analysis ### Export decline: -10.55% CAGR over 7 years India's exports under HSN Code 32099090 have declined at a compound annual rate of -10.55% over 7 fiscal years, falling from ₹97.22 Crore in FY 2018-19 to ₹49.79 Crore in FY 2024-25. ### HSN Code 32099090 ranked #3632 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 32099090 ranks #3632 out of 12657 HSN codes by total export value. Within Sub-Chapter 3209, it ranks #3 of 5. By trade surplus, it ranks #11519 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 32099090 exports The strongest single-year export movement for HSN Code 32099090 was recorded in FY 2022-23, when exports surged by 51.41% over the prior year. ### India records a trade deficit of ₹263.66 Crore in HSN Code 32099090 goods In FY 2024-25, India's imports of ₹313.45 Cr exceeded exports of ₹49.79 Cr, resulting in a trade deficit of ₹263.66 Crore — ranking #11519 of 12657 by surplus magnitude. ### Import growth of 5.21% CAGR signals stable import dependency for Aqueous polymer-based paints, varnishes | Other. India's imports under HSN Code 32099090 have grown at 5.21% CAGR, reaching ₹313.45 Crore in FY 2024-25. ### HSN Code 32099090 contributes 30.57% of Sub-Chapter 3209 exports — ranked #3 Among the 5 HSN codes under Sub-Chapter 3209, HSN Code 32099090 ranks #3 by export value — accounting for 30.57% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 47.52% share (rank #1). ## Related HSN Codes in Sub-Chapter 3209 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 32091090: Acrylic/vinyl polymers: Other](https://busy.in/hsn/hsn-32091090/) | ₹54 Cr | | #2 | [HSN Code 32091010: Based on acrylic: Acrylic emulsion](https://busy.in/hsn/hsn-32091010/) | ₹53 Cr | | #3 | HSN Code 32099090: Aqueous polymer-based paints, varnishes \| Other. (this hsn code) | ₹50 Cr | | #4 | [HSN Code 32099020: Emulsion paints: Other](https://busy.in/hsn/hsn-32099020/) | ₹4 Cr | | #5 | [HSN Code 32099010: Other \| Dispersion Paints](https://busy.in/hsn/hsn-32099010/) | ₹1 Cr |