HSN Code 38123920: Rubber Softeners

HSN Code 38123920 represents Rubber Softeners under GST classification. This code helps businesses identify Rubber Softeners correctly for billing, taxation, and trade. With HSN Code 38123920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Rubber Softeners.

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Description of Goods for HSN Code 38123920

HSN Code 38123920 relates to the following description.

Description of Goods

Anti-oxidising preparations and other compound stabilisers for rubber or plastics: Other: Softeners for rubber

Chapter

38 - Miscellaneous chemical products

Sub Chapter

3812 - Prepared rubber accelerators; compound plasticisers for rubber or plastics, not elsewhere specified or included; antioxidising preparations and other compound stabilisers for rubber or plastics

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 38123920 not include?

Rubber Softeners does not include products with the following descriptions.

HSN Code 38123010

Prepared rubber accelerators; compound plasticisers for rubber or plastics, not elsewhere specified or included; anti-oxidising preparations and other compound stabilisers for rubber or plastics anti-oxidising preparations and other compound stabilisers for rubber or plastics: anti-oxidants for rubber

HSN Code 38123020

Prepared rubber accelerators; compound plasticisers for rubber or plastics, not elsewhere specified or included; anti-oxidising preparations and other compound stabilisers for rubber or plastics anti-oxidising preparations and other compound stabilisers for rubber or plastics: softeners for rubber

HSN Code 38123030

Prepared rubber accelerators; compound plasticisers for rubber or plastics, not elsewhere specified or included; anti-oxidising preparations and other compound stabilisers for rubber or plastics anti-oxidising preparations and other compound stabilisers for rubber or plastics: vulcanising agents for rubber

HSN Code 38123090

Prepared rubber accelerators; compound plasticisers for rubber or plastics, not elsewhere specified or included; anti-oxidising preparations and other compound stabilisers for rubber or plastics anti-oxidising preparations and other compound stabilisers for rubber or plastics: other

HSN Code 38123100

Anti-oxidising preparations and other compound stabilizers for rubber or plastics: Mixtures of oligomers of 2, 2, 4-trimethyl-1, 2-dihydroquinoline (TMQ)

HSN Code 38123910

Anti-oxidising preparations and other compound stabilisers for rubber or plastics:Other: Anti-oxidants for rubber

HSN Code 38123930

Anti-oxidising preparations and other compound stabilisers for rubber or plastics: Other: Vulcanising agents for rubber

HSN Code 38123990

Anti-oxidising preparations and other compound stabilisers for rubber or plastics: Other: Other

India’s Trade Performance — HSN Code 38123920 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

₹8 Cr

−7.09% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

₹38 Cr

+58.81% vs FY 2023-24

0.0006% of India’s total imports

Trade Balance

FY 2024-25

−₹30 Cr

Trade Deficit

Surplus rank #9848 of 12657 HSN codes

% of Sub-Chapter 3812

FY 2024-25

0.42%

Share of Sub-Chapter 3812’s total exports in FY 2024-25

Import side: 1.28% of Sub-Chapter 3812’s imports

Rank Within Sub-Chapter 3812

FY 2024-25

#6 of 12

Position by export value among HSN codes in Sub-Chapter 3812

Import-side rank: #7 of 12

At a glance

1.10%

Export CAGR

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

#6068

National Export Rank

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

+39.60%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.42%

Contribution to Sub-Ch. 3812

Share of Sub-Chapter 3812 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #5383

Balance

−11.86

Exports

7.36 ₹ Cr

0.0003% share

— YoY

1.10% of Sub-Ch. 3812

Imports

19.22 ₹ Cr

0.0005% share

— YoY

0.79% of Sub-Ch. 3812

FY 2019-20 Exp. Rank #5632

Balance

−12.85

Exports

6.01 ₹ Cr

0.0003% share

−18.34% YoY

0.81% of Sub-Ch. 3812

Imports

18.86 ₹ Cr

0.0006% share

−1.87% YoY

0.93% of Sub-Ch. 3812

FY 2020-21 Exp. Rank #5318

Balance

−8.90

Exports

8.39 ₹ Cr

0.0004% share

+39.60% YoY

1.05% of Sub-Ch. 3812

Imports

17.29 ₹ Cr

0.0006% share

−8.32% YoY

0.91% of Sub-Ch. 3812

FY 2021-22 Exp. Rank #5380

Balance

−27.44

Exports

10.78 ₹ Cr

0.0003% share

+28.49% YoY

0.74% of Sub-Ch. 3812

Imports

38.22 ₹ Cr

0.0008% share

+121.05% YoY

1.42% of Sub-Ch. 3812

FY 2022-23 Exp. Rank #5801

Balance

−20.85

Exports

8.78 ₹ Cr

0.0002% share

−18.55% YoY

0.60% of Sub-Ch. 3812

Imports

29.63 ₹ Cr

0.0005% share

−22.48% YoY

0.98% of Sub-Ch. 3812

FY 2023-24 Exp. Rank #5933

Balance

−15.65

Exports

8.46 ₹ Cr

0.0002% share

−3.64% YoY

0.55% of Sub-Ch. 3812

Imports

24.11 ₹ Cr

0.0004% share

−18.63% YoY

0.91% of Sub-Ch. 3812

FY 2024-25 Exp. Rank #6068

Balance

−30.43

Exports

7.86 ₹ Cr

0.0002% share

−7.09% YoY

0.42% of Sub-Ch. 3812

Imports

38.29 ₹ Cr

0.0006% share

+58.81% YoY

1.28% of Sub-Ch. 3812

CAGR · 7-Year

Exports

1.10% /yr

Imports

12.17% /yr

Consistently Deficit
Sub-Chapter 3812 total

reference, FY 2024-25

Export

₹1,889.08 Cr

Import

₹2,994.77 Cr

Trade Balance

−1,105.69

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 38123920 and GST compliance.

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.

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.