---
title: "HSN Code for Gum turpentine oil | HSN 38051020 GST Rate"
description: "Find HSN and GST Rates for 38051020 related to Gum turpentine oil with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-38051020/"
---

# HSN Code 38051020: Gum turpentine oil

- [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/)
- [Chapter 38: Miscellaneous Chemical Products](https://busy.in/hsn/chapter-38/)
- [Sub-chapter 3805: Turpentine & terpenic oils, pine oil](https://busy.in/hsn/sub-chapter-3805/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Gum, wood or sulphate turpentine oils: Gum turpentine oil | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 38051020 ?

It includes Gum turpentine oil

### Can we claim ITC on inputs used to trade Gum turpentine oil?

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 Gum turpentine oil?

Under HSN 38051020, Gum turpentine oil attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Do e‑way bill and e‑invoice apply for Gum turpentine 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.

### How should mixed supplies be billed when Gum turpentine oil is sold with other items?

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

### Does packaging or labelling change the GST for Gum turpentine 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.

## India's trade performance: HSN Code 38051020 (FY 2024-25)

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

- Exports: ₹3 Cr (+5.44% YoY) — 0.0001% of India's total exports
- Imports: ₹1,043 Cr (+14.09% YoY) — 0.0172% of India's total imports
- Trade balance: −₹1,040 Cr (Deficit); surplus rank #12219 of 12657 HSN codes
- Share of Sub-Chapter 3805: 1.88% of its exports; import side 77.46%
- Rank within Sub-Chapter 3805: #2 of 8 by export value; import-side #1

### Key metrics

- Export CAGR: 7.49% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #7166 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +58.92% in FY 2023-24
- Contribution to Sub-Ch. 3805: 1.88% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 38051020

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. 3805 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3805 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 2.01 | 0.0001% | — | 1.48% | 1,089.37 | 0.0304% | — | 80.23% | −1,087.36 | #6943 |
| FY 2019-20 | 2.62 | 0.0001% | +30.35% | 1.57% | 888.25 | 0.0265% | −18.46% | 70.01% | −885.63 | #6640 |
| FY 2020-21 | 2.63 | 0.0001% | +0.38% | 1.76% | 747.47 | 0.0257% | −15.85% | 70.71% | −744.84 | #6689 |
| FY 2021-22 | 2.65 | 0.0001% | +0.76% | 2.01% | 1,296.39 | 0.0284% | +73.44% | 81.49% | −1,293.74 | #7024 |
| FY 2022-23 | 1.85 | 0.0001% | −30.19% | 1.19% | 1,306.05 | 0.0227% | +0.75% | 74.10% | −1,304.20 | #7523 |
| FY 2023-24 | 2.94 | 0.0001% | +58.92% | 2.06% | 914.00 | 0.0163% | −30.02% | 75.11% | −911.06 | #7170 |
| FY 2024-25 | 3.10 | 0.0001% | +5.44% | 1.88% | 1,042.79 | 0.0172% | +14.09% | 77.46% | −1,039.69 | #7166 |

- CAGR (7-year): exports 7.49%/yr, imports -0.73%/yr (consistently Deficit)

## Key trade insights: HSN Code 38051020 export-import analysis

### Consistent export growth: 7.49% CAGR over 7 years

India's exports under HSN Code 38051020 have grown at a compound annual rate of 7.49% over 7 fiscal years, rising from ₹2.01 Crore in FY 2018-19 to ₹3.10 Crore in FY 2024-25.

### HSN Code 38051020 ranked #7166 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 38051020 ranks #7166 out of 12657 HSN codes by total export value. Within Sub-Chapter 3805, it ranks #2 of 8. By trade surplus, it ranks #12219 of 12657.

### FY 2023-24 was the strongest growth year for HSN Code 38051020 exports

The strongest single-year export movement for HSN Code 38051020 was recorded in FY 2023-24, when exports surged by 58.92% over the prior year.

### India records a trade deficit of ₹1,039.69 Crore in HSN Code 38051020 goods

In FY 2024-25, India's imports of ₹1,042.79 Cr exceeded exports of ₹3.10 Cr, resulting in a trade deficit of ₹1,039.69 Crore — ranking #12219 of 12657 by surplus magnitude.

### Import growth of -0.73% CAGR signals stable import dependency for Gum turpentine oil

India's imports under HSN Code 38051020 have grown at -0.73% CAGR, reaching ₹1,042.79 Crore in FY 2024-25.

### HSN Code 38051020 contributes 1.88% of Sub-Chapter 3805 exports — ranked #2

Among the 8 HSN codes under Sub-Chapter 3805, HSN Code 38051020 ranks #2 by export value — accounting for 1.88% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 77.46% share (rank #1).

## Related HSN Codes in Sub-Chapter 3805

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 38059090: Other terpenic oils](https://busy.in/hsn/hsn-38059090/) | ₹157 Cr |
| #2 | HSN Code 38051020: Gum turpentine oil (this hsn code) | ₹3 Cr |
| #3 | [HSN Code 38051010: Wood Turpentine Oil & Spirit of Turpentine](https://busy.in/hsn/hsn-38051010/) | ₹2 Cr |
| #4 | [HSN Code 38059010: Terpenic Oils (Coniferous Wood Distillation)](https://busy.in/hsn/hsn-38059010/) | ₹2 Cr |
| #5 | [HSN Code 38059020: Other \| Crude Dipentene](https://busy.in/hsn/hsn-38059020/) | < ₹1 Crore |
| #6 | [HSN Code 38051030: Sulphate turpentine oil](https://busy.in/hsn/hsn-38051030/) | < ₹1 Crore |
| — | [HSN Code 38059030: Sulphite Turpentine](https://busy.in/hsn/hsn-38059030/) | Nil |
| — | [HSN Code 38052000: Insecticide: Aldrin](https://busy.in/hsn/hsn-38052000/) | — |