HSN Code 32159040: Other | Drawing Ink

HSN Code 32159040 represents Other | Drawing Ink under GST classification. This code helps businesses identify Other | Drawing Ink correctly for billing, taxation, and trade. With HSN Code 32159040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Drawing Ink.

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Description of Goods for HSN Code 32159040

HSN Code 32159040 relates to the following description.

Description of Goods

Other : Drawing ink

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

3215 - Printing ink, writing or drawing ink and other inks, whether or not concentrated or solid

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 32159040 not include?

Other | Drawing Ink does not include products with the following descriptions.

India’s Trade Performance — HSN Code 32159040 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

₹1 Cr

+1,920.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−2.13% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4767 of 12657 HSN codes

% of Sub-Chapter 3215

FY 2024-25

0.03%

Share of Sub-Chapter 3215’s total exports in FY 2024-25

Import side: 0.02% of Sub-Chapter 3215’s imports

Rank Within Sub-Chapter 3215

FY 2024-25

#13 of 15

Position by export value among HSN codes in Sub-Chapter 3215

Import-side rank: #12 of 15

At a glance

37.42%

Export CAGR

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

#8239

National Export Rank

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

+1,920.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.03%

Contribution to Sub-Ch. 3215

Share of Sub-Chapter 3215 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 32159040

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 #8982

Balance

−0.47

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 3215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.03% of Sub-Ch. 3215

FY 2019-20 Exp. Rank #9172

Balance

−0.44

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−33.33% YoY

0.01% of Sub-Ch. 3215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−12.90% YoY

0.04% of Sub-Ch. 3215

FY 2020-21 Exp. Rank #9183

Balance

−0.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+10.00% YoY

0.01% of Sub-Ch. 3215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−1.85% YoY

0.05% of Sub-Ch. 3215

FY 2021-22 Exp. Rank #9964

Balance

−0.62

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−72.73% YoY

0.00% of Sub-Ch. 3215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+22.64% YoY

0.05% of Sub-Ch. 3215

FY 2022-23 Exp. Rank #9890

Balance

−0.41

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+66.67% YoY

0.00% of Sub-Ch. 3215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−29.23% YoY

0.03% of Sub-Ch. 3215

FY 2023-24 Exp. Rank #10057

Balance

−0.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 3215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+2.17% YoY

0.00% of Sub-Ch. 3215

FY 2024-25 Exp. Rank #8239

Balance

+0.55

Exports

1.01 ₹ Cr

0.0000% share

+1,920.00% YoY

0.03% of Sub-Ch. 3215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−2.13% YoY

0.02% of Sub-Ch. 3215

CAGR · 7-Year

Exports

37.42% /yr

Imports

−4.85% /yr

Consistently Surplus
Sub-Chapter 3215 total

reference, FY 2024-25

Export

₹3,338.23 Cr

Import

₹2,109.51 Cr

Trade Balance

+1,228.72

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

Key Trade Insights: HSN Code 32159040 Export-Import Analysis

Consistent Export Growth: 37.42% CAGR Over 7 Years

India's exports under HSN Code 32159040 have grown at a compound annual rate of 37.42% over 7 fiscal years, rising from ₹0.15 Crore in FY 2018-19 to ₹1.01 Crore in FY 2024-25.

HSN Code 32159040 Ranked #8239 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 32159040 ranks #8239 out of 12657 HSN codes by total export value. Within Sub-Chapter 3215, it ranks #13 of 15. By trade surplus, it ranks #4767 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 32159040 Exports

The strongest single-year export movement for HSN Code 32159040 was recorded in FY 2024-25, when exports surged by 1,920.00% over the prior year.

India Maintains a Trade Surplus of ₹0.55 Crore in HSN Code 32159040 Goods

In FY 2024-25, India's exports of ₹1.01 Cr exceeded imports of ₹0.46 Cr, resulting in a trade surplus of ₹0.55 Crore — ranking #4767 of 12657 by surplus magnitude.

Import Growth of −4.85% CAGR Signals Stable Import Dependency for Other | Drawing Ink

India's imports under HSN Code 32159040 have grown at −4.85% CAGR, reaching ₹0.46 Crore in FY 2024-25.

HSN Code 32159040 Contributes 0.03% of Sub-Chapter 3215 Exports — Ranked #13

Among the 15 HSN codes under Sub-Chapter 3215, HSN Code 32159040 ranks #13 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #12).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 32159040 and GST compliance.

What products are classified under HSN 32159040 ?

It includes Other | Drawing Ink

Can we claim ITC on inputs used to trade Other / Drawing Ink?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How should mixed supplies be billed when Other / Drawing Ink is sold with other items?

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

How much GST applies to Other / Drawing Ink?

Under HSN 32159040, Other / Drawing Ink attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Other / Drawing Ink?

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 Other / Drawing Ink?

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

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.