HSN Code 32121000: Stamping Foils

HSN Code 32121000 represents Stamping Foils under GST classification. This code helps businesses identify Stamping Foils correctly for billing, taxation, and trade. With HSN Code 32121000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Stamping Foils.

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Description of Goods for HSN Code 32121000

HSN Code 32121000 relates to the following description.

Description of Goods

Stamping foils

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

3212 - Pigments (including metallic powders and flakes) dispersed in non-aqueous media, in liquid or paste form, of a kind used in the manufacture of paints (including enamels); stamping foils; dyes and other colouring matter put up in forms or packings for retail sale

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 32121000 not include?

Stamping Foils does not include products with the following descriptions.

HSN Code 32129010

Other : Pigments in linseed oil, white spirit, spirit of turpentine, varnish and other paints or enamel media not elsewhere specified or included

HSN Code 32129020

Other : Dyes and other colouring matter put up in forms or packings for retail sale

India’s Trade Performance — HSN Code 32121000 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

₹37 Cr

−11.09% vs FY 2023-24

0.0010% of India’s total exports

India’s Imports

FY 2024-25

₹405 Cr

+20.36% vs FY 2023-24

0.0067% of India’s total imports

Trade Balance

FY 2024-25

−₹369 Cr

Trade Deficit

Surplus rank #11707 of 12657 HSN codes

% of Sub-Chapter 3212

FY 2024-25

6.13%

Share of Sub-Chapter 3212’s total exports in FY 2024-25

Import side: 53.55% of Sub-Chapter 3212’s imports

Rank Within Sub-Chapter 3212

FY 2024-25

#4 of 5

Position by export value among HSN codes in Sub-Chapter 3212

Import-side rank: #1 of 5

At a glance

12.90%

Export CAGR

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

#4044

National Export Rank

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

+70.09%

Peak Growth Year

FY 2021-22 · strongest single-year move

6.13%

Contribution to Sub-Ch. 3212

Share of Sub-Chapter 3212 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 32121000

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 #4264

Balance

−221.07

Exports

17.65 ₹ Cr

0.0008% share

— YoY

2.82% of Sub-Ch. 3212

Imports

238.72 ₹ Cr

0.0067% share

— YoY

47.40% of Sub-Ch. 3212

FY 2019-20 Exp. Rank #4169

Balance

−200.05

Exports

19.25 ₹ Cr

0.0009% share

+9.07% YoY

2.94% of Sub-Ch. 3212

Imports

219.30 ₹ Cr

0.0066% share

−8.14% YoY

43.17% of Sub-Ch. 3212

FY 2020-21 Exp. Rank #4396

Balance

−182.51

Exports

17.25 ₹ Cr

0.0008% share

−10.39% YoY

3.22% of Sub-Ch. 3212

Imports

199.76 ₹ Cr

0.0069% share

−8.91% YoY

45.39% of Sub-Ch. 3212

FY 2021-22 Exp. Rank #4076

Balance

−229.79

Exports

29.34 ₹ Cr

0.0009% share

+70.09% YoY

3.99% of Sub-Ch. 3212

Imports

259.13 ₹ Cr

0.0057% share

+29.72% YoY

47.94% of Sub-Ch. 3212

FY 2022-23 Exp. Rank #4178

Balance

−261.86

Exports

29.87 ₹ Cr

0.0008% share

+1.81% YoY

3.92% of Sub-Ch. 3212

Imports

291.73 ₹ Cr

0.0051% share

+12.58% YoY

47.00% of Sub-Ch. 3212

FY 2023-24 Exp. Rank #3797

Balance

−295.60

Exports

41.12 ₹ Cr

0.0011% share

+37.66% YoY

5.88% of Sub-Ch. 3212

Imports

336.72 ₹ Cr

0.0060% share

+15.42% YoY

53.44% of Sub-Ch. 3212

FY 2024-25 Exp. Rank #4044

Balance

−368.71

Exports

36.56 ₹ Cr

0.0010% share

−11.09% YoY

6.13% of Sub-Ch. 3212

Imports

405.27 ₹ Cr

0.0067% share

+20.36% YoY

53.55% of Sub-Ch. 3212

CAGR · 7-Year

Exports

12.90% /yr

Imports

9.22% /yr

Consistently Deficit
Sub-Chapter 3212 total

reference, FY 2024-25

Export

₹596.14 Cr

Import

₹756.82 Cr

Trade Balance

−160.68

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 32121000 Export-Import Analysis

Consistent Export Growth: 12.90% CAGR Over 7 Years

India's exports under HSN Code 32121000 have grown at a compound annual rate of 12.90% over 7 fiscal years, rising from ₹17.65 Crore in FY 2018-19 to ₹36.56 Crore in FY 2024-25.

HSN Code 32121000 Ranked #4044 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 32121000 ranks #4044 out of 12657 HSN codes by total export value. Within Sub-Chapter 3212, it ranks #4 of 5. By trade surplus, it ranks #11707 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 32121000 Exports

The strongest single-year export movement for HSN Code 32121000 was recorded in FY 2021-22, when exports surged by 70.09% over the prior year.

India Records a Trade Deficit of ₹368.71 Crore in HSN Code 32121000 Goods

In FY 2024-25, India's imports of ₹405.27 Cr exceeded exports of ₹36.56 Cr, resulting in a trade deficit of ₹368.71 Crore — ranking #11707 of 12657 by surplus magnitude.

Import Growth of 9.22% CAGR Signals Stable Import Dependency for Stamping Foils

India's imports under HSN Code 32121000 have grown at 9.22% CAGR, reaching ₹405.27 Crore in FY 2024-25.

HSN Code 32121000 Contributes 6.13% of Sub-Chapter 3212 Exports — Ranked #4

Among the 5 HSN codes under Sub-Chapter 3212, HSN Code 32121000 ranks #4 by export value — accounting for 6.13% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 53.55% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 32121000 and GST compliance.

What products are classified under HSN 32121000 ?

It includes Stamping Foils

How should mixed supplies be billed when Stamping Foils is sold with other items?

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

Any common misclassification issue with Stamping Foils?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How much GST applies to Stamping Foils?

Under HSN 32121000, Stamping Foils attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Stamping Foils?

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 Stamping Foils?

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.

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.