HSN Code 32131000: Colours in sets

HSN Code 32131000 represents Colours in sets under GST classification. This code helps businesses identify Colours in sets correctly for billing, taxation, and trade. With HSN Code 32131000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Colours in sets.

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Description of Goods for HSN Code 32131000

HSN Code 32131000 relates to the following description.

Description of Goods

Colours in sets

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

3213 - Artists’, students’ or signboard painters’ colours,modifiying tints, amusement colours and the like,in tablets, tubes, jars, bottles, pans or in similar forms or packings

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 32131000 not include?

Colours in sets does not include products with the following descriptions.

India’s Trade Performance — HSN Code 32131000 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

₹46 Cr

+12.59% vs FY 2023-24

0.0013% of India’s total exports

India’s Imports

FY 2024-25

₹9 Cr

+6.32% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹38 Cr

Trade Surplus

Surplus rank #2360 of 12657 HSN codes

% of Sub-Chapter 3213

FY 2024-25

20.32%

Share of Sub-Chapter 3213’s total exports in FY 2024-25

Import side: 24.32% of Sub-Chapter 3213’s imports

Rank Within Sub-Chapter 3213

FY 2024-25

#2 of 2

Position by export value among HSN codes in Sub-Chapter 3213

Import-side rank: #2 of 2

At a glance

19.33%

Export CAGR

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

#3718

National Export Rank

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

+56.13%

Peak Growth Year

FY 2020-21 · strongest single-year move

20.32%

Contribution to Sub-Ch. 3213

Share of Sub-Chapter 3213 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 32131000

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 #4378

Balance

+12.49

Exports

16.04 ₹ Cr

0.0007% share

YoY

12.60% of Sub-Ch. 3213

Imports

3.55 ₹ Cr

0.0001% share

YoY

18.21% of Sub-Ch. 3213

FY 2019-20 Exp. Rank #4112

Balance

+17.25

Exports

19.97 ₹ Cr

0.0009% share

+24.50% YoY

14.85% of Sub-Ch. 3213

Imports

2.72 ₹ Cr

0.0001% share

−23.38% YoY

16.00% of Sub-Ch. 3213

FY 2020-21 Exp. Rank #3603

Balance

+24.79

Exports

31.18 ₹ Cr

0.0014% share

+56.13% YoY

18.49% of Sub-Ch. 3213

Imports

6.39 ₹ Cr

0.0002% share

+134.93% YoY

33.65% of Sub-Ch. 3213

FY 2021-22 Exp. Rank #3768

Balance

+29.62

Exports

37.35 ₹ Cr

0.0012% share

+19.79% YoY

20.28% of Sub-Ch. 3213

Imports

7.73 ₹ Cr

0.0002% share

+20.97% YoY

34.84% of Sub-Ch. 3213

FY 2022-23 Exp. Rank #3743

Balance

+33.20

Exports

40.72 ₹ Cr

0.0011% share

+9.02% YoY

20.70% of Sub-Ch. 3213

Imports

7.52 ₹ Cr

0.0001% share

−2.72% YoY

21.01% of Sub-Ch. 3213

FY 2023-24 Exp. Rank #3796

Balance

+32.91

Exports

41.14 ₹ Cr

0.0011% share

+1.03% YoY

18.63% of Sub-Ch. 3213

Imports

8.23 ₹ Cr

0.0001% share

+9.44% YoY

32.45% of Sub-Ch. 3213

FY 2024-25 Exp. Rank #3718

Balance

+37.57

Exports

46.32 ₹ Cr

0.0013% share

+12.59% YoY

20.32% of Sub-Ch. 3213

Imports

8.75 ₹ Cr

0.0001% share

+6.32% YoY

24.32% of Sub-Ch. 3213

CAGR · 7-Year

Exports

19.33% /yr

Imports

16.22% /yr

Consistently Surplus
Sub-Chapter 3213 total

reference, FY 2024-25

Export

₹227.95 Cr

Import

₹35.98 Cr

Trade Balance

+191.97

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

Key Trade Insights: HSN Code 32131000 Export-Import Analysis

Consistent Export Growth: 19.33% CAGR Over 7 Years

India's exports under HSN Code 32131000 have grown at a compound annual rate of 19.33% over 7 fiscal years, rising from ₹16.04 Crore in FY 2018-19 to ₹46.32 Crore in FY 2024-25.

HSN Code 32131000 Ranked #3718 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 32131000 ranks #3718 out of 12657 HSN codes by total export value. Within Sub-Chapter 3213, it ranks #2 of 2. By trade surplus, it ranks #2360 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 32131000 Exports

The strongest single-year export movement for HSN Code 32131000 was recorded in FY 2020-21, when exports surged by 56.13% over the prior year.

India Maintains a Trade Surplus of ₹37.57 Crore in HSN Code 32131000 Goods

In FY 2024-25, India's exports of ₹46.32 Cr exceeded imports of ₹8.75 Cr, resulting in a trade surplus of ₹37.57 Crore — ranking #2360 of 12657 by surplus magnitude.

Import Growth of 16.22% CAGR Signals Rising Demand for Colours in sets

India's imports under HSN Code 32131000 have grown at 16.22% CAGR, reaching ₹8.75 Crore in FY 2024-25.

HSN Code 32131000 Contributes 20.32% of Sub-Chapter 3213 Exports — Ranked #2

Among the 2 HSN codes under Sub-Chapter 3213, HSN Code 32131000 ranks #2 by export value — accounting for 20.32% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 24.32% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 32131000 and GST compliance.

What products are classified under HSN 32131000 ?

It includes Colours in sets

Does packaging or labelling change the GST for Colours in sets?

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.

Can we claim ITC on inputs used to trade Colours in sets?

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 Colours in sets?

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.

Any common misclassification issue with Colours in sets?

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

How should mixed supplies be billed when Colours in sets is sold with other items?

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

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.