---
title: "HSN Code for Rubber Softeners | HSN 38123920 GST Rate"
description: "Find HSN and GST Rates for 38123920 related to Rubber Softeners with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-38123920/"
---

# HSN Code 38123920: Rubber Softeners

- [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 3812: Rubber/plastic compound accelerators](https://busy.in/hsn/sub-chapter-3812/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Anti-oxidising preparations and other compound stabilisers for rubber or plastics: Other: Softeners for rubber | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 38123920 ?

It includes Rubber Softeners

### How should mixed supplies be billed when Rubber Softeners is sold with other items?

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

### Any common misclassification issue with Rubber Softeners?

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 Rubber Softeners?

Under HSN 38123920, Rubber Softeners attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Rubber Softeners?

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

### Does packaging or labelling change the GST for Rubber Softeners?

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 38123920 (FY 2024-25)

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

- Exports: ₹8 Cr (−7.09% YoY) — 0.0002% of India's total exports
- Imports: ₹38 Cr (+58.81% YoY) — 0.0006% of India's total imports
- Trade balance: −₹30 Cr (Deficit); surplus rank #9848 of 12657 HSN codes
- Share of Sub-Chapter 3812: 0.42% of its exports; import side 1.28%
- Rank within Sub-Chapter 3812: #6 of 12 by export value; import-side #7

### Key metrics

- Export CAGR: 1.10% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #6068 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +39.60% in FY 2020-21
- Contribution to Sub-Ch. 3812: 0.42% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 38123920

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. 3812 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3812 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 7.36 | 0.0003% | — | 1.10% | 19.22 | 0.0005% | — | 0.79% | −11.86 | #5383 |
| FY 2019-20 | 6.01 | 0.0003% | −18.34% | 0.81% | 18.86 | 0.0006% | −1.87% | 0.93% | −12.85 | #5632 |
| FY 2020-21 | 8.39 | 0.0004% | +39.60% | 1.05% | 17.29 | 0.0006% | −8.32% | 0.91% | −8.90 | #5318 |
| FY 2021-22 | 10.78 | 0.0003% | +28.49% | 0.74% | 38.22 | 0.0008% | +121.05% | 1.42% | −27.44 | #5380 |
| FY 2022-23 | 8.78 | 0.0002% | −18.55% | 0.60% | 29.63 | 0.0005% | −22.48% | 0.98% | −20.85 | #5801 |
| FY 2023-24 | 8.46 | 0.0002% | −3.64% | 0.55% | 24.11 | 0.0004% | −18.63% | 0.91% | −15.65 | #5933 |
| FY 2024-25 | 7.86 | 0.0002% | −7.09% | 0.42% | 38.29 | 0.0006% | +58.81% | 1.28% | −30.43 | #6068 |

- CAGR (7-year): exports 1.10%/yr, imports 12.17%/yr (consistently Deficit)

## Key trade insights: HSN Code 38123920 export-import analysis

### Consistent export growth: 1.10% CAGR over 7 years

India's exports under HSN Code 38123920 have grown at a compound annual rate of 1.10% over 7 fiscal years, rising from ₹7.36 Crore in FY 2018-19 to ₹7.86 Crore in FY 2024-25.

### HSN Code 38123920 ranked #6068 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 38123920 ranks #6068 out of 12657 HSN codes by total export value. Within Sub-Chapter 3812, it ranks #6 of 12. By trade surplus, it ranks #9848 of 12657.

### FY 2020-21 was the strongest growth year for HSN Code 38123920 exports

The strongest single-year export movement for HSN Code 38123920 was recorded in FY 2020-21, when exports surged by 39.60% over the prior year.

### India records a trade deficit of ₹30.43 Crore in HSN Code 38123920 goods

In FY 2024-25, India's imports of ₹38.29 Cr exceeded exports of ₹7.86 Cr, resulting in a trade deficit of ₹30.43 Crore — ranking #9848 of 12657 by surplus magnitude.

### Import growth of 12.17% CAGR signals rising demand for Rubber Softeners

India's imports under HSN Code 38123920 have grown at 12.17% CAGR, reaching ₹38.29 Crore in FY 2024-25.

### HSN Code 38123920 contributes 0.42% of Sub-Chapter 3812 exports — ranked #6

Among the 12 HSN codes under Sub-Chapter 3812, HSN Code 38123920 ranks #6 by export value — accounting for 0.42% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.28% share (rank #7).

## Related HSN Codes in Sub-Chapter 3812

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 38123990: Anti-Oxidants & Stabilisers for Rubber/Plastics (Other)](https://busy.in/hsn/hsn-38123990/) | ₹1,092 Cr |
| #2 | [HSN Code 38121000: Prepared Rubber Accelerators](https://busy.in/hsn/hsn-38121000/) | ₹246 Cr |
| #3 | [HSN Code 38122090: Plasticisers for rubber or plastics](https://busy.in/hsn/hsn-38122090/) | ₹202 Cr |
| #4 | [HSN Code 38123910: Rubber Anti-Oxidants](https://busy.in/hsn/hsn-38123910/) | ₹198 Cr |
| #5 | [HSN Code 38123100: TMQ (Trimethyl-1,2-Dihydroquinoline) Mixtures](https://busy.in/hsn/hsn-38123100/) | ₹139 Cr |
| #6 | HSN Code 38123920: Rubber Softeners (this hsn code) | ₹8 Cr |
| #7 | [HSN Code 38123930: Rubber Vulcanising Agents](https://busy.in/hsn/hsn-38123930/) | ₹3 Cr |
| #8 | [HSN Code 38122010: Plasticisers: Phthalate](https://busy.in/hsn/hsn-38122010/) | ₹2 Cr |
| — | [HSN Code 38123010: Softeners for Rubber](https://busy.in/hsn/hsn-38123010/) | — |
| — | [HSN Code 38123020: Vulcanising Agents for Rubber](https://busy.in/hsn/hsn-38123020/) | — |