---
title: "HSN Code for Essential oils: Nutmeg oil | HSN 33012932 GST Rate"
description: "Find HSN and GST Rates for 33012932 related to Essential oils: Nutmeg oil with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-33012932/"
---

# HSN Code 33012932: Essential oils: Nutmeg oil

- [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/)
- [Chapter 33: Essential Oils, Resinoids and Perfumery; Cosmetic or Toilet Preparations](https://busy.in/hsn/chapter-33/)
- [Sub-chapter 3301: Essential oils: concretes & absolutes](https://busy.in/hsn/sub-chapter-3301/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Essential oils other than those of citrus fruit : Other : Tuberose concentrate; nutmeg oil; palmarosa oil; patchouli oil; pepper oil; petitgrain oil; sandalwood oil; rose oil : Nutmeg oil | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 33012932 ?

It includes Essential oils: Nutmeg oil

### Any common misclassification issue with Essential oils: Nutmeg oil?

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 Essential oils: Nutmeg oil?

Under HSN 33012932, Essential oils: Nutmeg oil attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for Essential oils: Nutmeg oil?

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 Essential oils: Nutmeg oil?

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 Essential oils: Nutmeg oil?

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.

## India's trade performance: HSN Code 33012932 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹35 Cr (−3.45% YoY) — 0.0010% of India's total exports
- Imports: ₹19 Cr (+0.36% YoY) — 0.0003% of India's total imports
- Trade balance: ₹16 Cr (Surplus); surplus rank #2990 of 12657 HSN codes
- Share of Sub-Chapter 3301: 0.45% of its exports; import side 0.64%
- Rank within Sub-Chapter 3301: #24 of 79 by export value; import-side #18

### Key metrics

- Export CAGR: 15.33% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4087 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +34.22% in FY 2019-20
- Contribution to Sub-Ch. 3301: 0.45% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 33012932

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. 3301 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3301 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 15.08 | 0.0007% | — | 0.22% | 8.51 | 0.0002% | — | 0.26% | +6.57 | #4466 |
| FY 2019-20 | 20.24 | 0.0009% | +34.22% | 0.27% | 8.51 | 0.0003% | 0.00% | 0.21% | +11.73 | #4084 |
| FY 2020-21 | 22.85 | 0.0011% | +12.90% | 0.35% | 17.38 | 0.0006% | +104.23% | 0.94% | +5.47 | #4019 |
| FY 2021-22 | 25.84 | 0.0008% | +13.09% | 0.33% | 17.23 | 0.0004% | −0.86% | 0.71% | +8.61 | #4247 |
| FY 2022-23 | 32.19 | 0.0009% | +24.57% | 0.43% | 19.09 | 0.0003% | +10.80% | 0.74% | +13.10 | #4073 |
| FY 2023-24 | 36.76 | 0.0010% | +14.20% | 0.48% | 19.41 | 0.0003% | +1.68% | 0.57% | +17.35 | #3963 |
| FY 2024-25 | 35.49 | 0.0010% | −3.45% | 0.45% | 19.48 | 0.0003% | +0.36% | 0.64% | +16.01 | #4087 |

- CAGR (7-year): exports 15.33%/yr, imports 14.80%/yr (consistently Surplus)

## Key trade insights: HSN Code 33012932 export-import analysis

### Consistent export growth: 15.33% CAGR over 7 years

India's exports under HSN Code 33012932 have grown at a compound annual rate of 15.33% over 7 fiscal years, rising from ₹15.08 Crore in FY 2018-19 to ₹35.49 Crore in FY 2024-25.

### HSN Code 33012932 ranked #4087 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 33012932 ranks #4087 out of 12657 HSN codes by total export value. Within Sub-Chapter 3301, it ranks #24 of 79. By trade surplus, it ranks #2990 of 12657.

### FY 2019-20 was the strongest growth year for HSN Code 33012932 exports

The strongest single-year export movement for HSN Code 33012932 was recorded in FY 2019-20, when exports surged by 34.22% over the prior year.

### India maintains a trade surplus of ₹16.01 Crore in HSN Code 33012932 goods

In FY 2024-25, India's exports of ₹35.49 Cr exceeded imports of ₹19.48 Cr, resulting in a trade surplus of ₹16.01 Crore — ranking #2990 of 12657 by surplus magnitude.

### Import growth of 14.80% CAGR signals rising demand for Essential oils: Nutmeg oil

India's imports under HSN Code 33012932 have grown at 14.80% CAGR, reaching ₹19.48 Crore in FY 2024-25.

### HSN Code 33012932 contributes 0.45% of Sub-Chapter 3301 exports — ranked #24

Among the 79 HSN codes under Sub-Chapter 3301, HSN Code 33012932 ranks #24 by export value — accounting for 0.45% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.64% share (rank #18).

## Related HSN Codes in Sub-Chapter 3301

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 33019022: Capsicum Oleoresins](https://busy.in/hsn/hsn-33019022/) | ₹1,286 Cr |
| #2 | [HSN Code 33012590: Essential oils: Other](https://busy.in/hsn/hsn-33012590/) | ₹1,182 Cr |
| #3 | [HSN Code 33019014: Turmeric Oleoresins](https://busy.in/hsn/hsn-33019014/) | ₹965 Cr |
| #4 | [HSN Code 33019029: Other Spice Oleoresins](https://busy.in/hsn/hsn-33019029/) | ₹951 Cr |
| #5 | [HSN Code 33012400: Jasmine, Peppermint, and Menthol Oils](https://busy.in/hsn/hsn-33012400/) | ₹565 Cr |
| #6 | [HSN Code 33019013: Essential Oils and Resinoids](https://busy.in/hsn/hsn-33019013/) | ₹533 Cr |
| #7 | [HSN Code 33012990: Essential oils: Other](https://busy.in/hsn/hsn-33012990/) | ₹523 Cr |
| #8 | [HSN Code 33019090: Essential oils & derivatives \| Other](https://busy.in/hsn/hsn-33019090/) | ₹289 Cr |
| #9 | [HSN Code 33019033: Ambrettolide Essence](https://busy.in/hsn/hsn-33019033/) | ₹166 Cr |
| #10 | [HSN Code 33012510: Essential oils: Spearmint oil](https://busy.in/hsn/hsn-33012510/) | ₹166 Cr |
| #24 | HSN Code 33012932: Essential oils: Nutmeg oil (this hsn code) | ₹35 Cr |