HSN Code 38051020 represents Gum turpentine oil under GST classification. This code helps businesses identify Gum turpentine oil correctly for billing, taxation, and trade. With HSN Code 38051020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Gum turpentine oil.
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HSN Code 38051020 relates to the following description.
Miscellaneous chemical products
Gum, wood or sulphate turpentine and other terpenic oils produced by the distillation or other treatment of coniferous woods; crude dipentene; sulphite turpentine and other crude paracymene; pine oil containing alphaterpineol as the main constituent
Gum, wood or sulphate turpentine oils: Gum turpentine oil
9%
9%
18%
0%
Description of Goods
Gum, wood or sulphate turpentine oils: Gum turpentine oil
Chapter
38 - Miscellaneous chemical products
Sub Chapter
3805 - Gum, wood or sulphate turpentine and other terpenic oils produced by the distillation or other treatment of coniferous woods; crude dipentene; sulphite turpentine and other crude paracymene; pine oil containing alphaterpineol as the main constituent
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Gum turpentine oil does not include products with the following descriptions.
Gum, wood or sulphate turpentine oils: Wood turpentine oil and spirit of turpentine
Gum, wood or sulphate turpentine oils: Sulphate turpentine oil
Gum, wood or sulphate turpentine and other terpenic oils produced by the distillation or other treatment of coniferous woods; crude dipentene; sulphite turpentine and other crude para-cymene; pine oil containing alpha-terpineol as the main constituent pine oil
Other : Terpenic oils produced by the distillation or other treatment of coniferous woods
Other : Crude dipentene
Other : Sulphite turpentine
Other : Other
Gum, wood or sulphate turpentine oils: Wood turpentine oil and spirit of turpentine
Gum, wood or sulphate turpentine oils: Sulphate turpentine oil
Gum, wood or sulphate turpentine and other terpenic oils produced by the distillation or other treatment of coniferous woods; crude dipentene; sulphite turpentine and other crude para-cymene; pine oil containing alpha-terpineol as the main constituent pine oil
Other : Terpenic oils produced by the distillation or other treatment of coniferous woods
Other : Crude dipentene
Other : Sulphite turpentine
Other : Other
India’s Exports
FY 2024-25₹3 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹1,043 Cr
0.0172% of India’s total imports
Trade Balance
FY 2024-25−₹1,040 Cr
Surplus rank #12219 of 12657 HSN codes
% of Sub-Chapter 3805
FY 2024-251.88%
Share of Sub-Chapter 3805’s total exports in FY 2024-25
Import side: 77.46% of Sub-Chapter 3805’s imports
Rank Within Sub-Chapter 3805
FY 2024-25#2 of 8
Position by export value among HSN codes in Sub-Chapter 3805
Import-side rank: #1 of 8
At a glance
7.49%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7166
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+58.92%
Peak Growth Year
FY 2023-24 · strongest single-year move
1.88%
Contribution to Sub-Ch. 3805
Share of Sub-Chapter 3805 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−1,087.36
Exports
2.01 ₹ Cr
0.0001% share
— YoY
1.48% of Sub-Ch. 3805
Imports
1,089.37 ₹ Cr
0.0304% share
— YoY
80.23% of Sub-Ch. 3805
Balance
−885.63
Exports
2.62 ₹ Cr
0.0001% share
+30.35% YoY
1.57% of Sub-Ch. 3805
Imports
888.25 ₹ Cr
0.0265% share
−18.46% YoY
70.01% of Sub-Ch. 3805
Balance
−744.84
Exports
2.63 ₹ Cr
0.0001% share
+0.38% YoY
1.76% of Sub-Ch. 3805
Imports
747.47 ₹ Cr
0.0257% share
−15.85% YoY
70.71% of Sub-Ch. 3805
Balance
−1,293.74
Exports
2.65 ₹ Cr
0.0001% share
+0.76% YoY
2.01% of Sub-Ch. 3805
Imports
1,296.39 ₹ Cr
0.0284% share
+73.44% YoY
81.49% of Sub-Ch. 3805
Balance
−1,304.20
Exports
1.85 ₹ Cr
0.0001% share
−30.19% YoY
1.19% of Sub-Ch. 3805
Imports
1,306.05 ₹ Cr
0.0227% share
+0.75% YoY
74.10% of Sub-Ch. 3805
Balance
−911.06
Exports
2.94 ₹ Cr
0.0001% share
+58.92% YoY
2.06% of Sub-Ch. 3805
Imports
914.00 ₹ Cr
0.0163% share
−30.02% YoY
75.11% of Sub-Ch. 3805
Balance
−1,039.69
Exports
3.10 ₹ Cr
0.0001% share
+5.44% YoY
1.88% of Sub-Ch. 3805
Imports
1,042.79 ₹ Cr
0.0172% share
+14.09% YoY
77.46% of Sub-Ch. 3805
CAGR · 7-Year
Exports
7.49% /yr
Imports
−0.73% /yr
reference, FY 2024-25
Export
₹164.96 Cr
Import
₹1,346.19 Cr
Trade Balance
−1,181.23
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.
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.
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.
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.
India's imports under HSN Code 38051020 have grown at −0.73% CAGR, reaching ₹1,042.79 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 38051020 and GST compliance.
It includes 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.
Under HSN 38051020, Gum turpentine oil attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
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).
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.