--- title: "HSN Code for Prepared Paint/Varnish Removers | HSN 38140020 GST Rate" description: "Find HSN and GST Rates for 38140020 related to Prepared Paint/Varnish Removers with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-38140020/" --- # HSN Code 38140020: Prepared Paint/Varnish Removers - [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 3814: Organic solvents & thinners](https://busy.in/hsn/sub-chapter-3814/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Organic composite solvents and thinners, not elsewhere specified or included; prepared paint or varnish removers : Prepared paint or varnish removers | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 38140020 ? It includes Prepared Paint/Varnish Removers ### Any common misclassification issue with Prepared Paint/Varnish Removers? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Prepared Paint/Varnish Removers? 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. ### Does packaging or labelling change the GST for Prepared Paint/Varnish Removers? 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. ### How much GST applies to Prepared Paint/Varnish Removers? Under HSN 38140020, Prepared Paint/Varnish Removers attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Prepared Paint/Varnish Removers? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Prepared Paint/Varnish Removers is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Prepared Paint/Varnish Removers; Nil for exempt items if applicable). ## India's trade performance: HSN Code 38140020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹15 Cr (−10.92% YoY) — 0.0004% of India's total exports - Imports: ₹68 Cr (+27.08% YoY) — 0.0011% of India's total imports - Trade balance: −₹53 Cr (Deficit); surplus rank #10289 of 12657 HSN codes - Share of Sub-Chapter 3814: 10.25% of its exports; import side 21.56% - Rank within Sub-Chapter 3814: #2 of 2 by export value; import-side #2 ### Key metrics - Export CAGR: 7.84% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5279 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +40.57% in FY 2022-23 - Contribution to Sub-Ch. 3814: 10.25% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 38140020 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. 3814 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3814 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 9.39 | 0.0004% | — | 14.14% | 34.50 | 0.0010% | — | 17.44% | −25.11 | #5050 | | FY 2019-20 | 9.42 | 0.0004% | +0.32% | 13.20% | 37.73 | 0.0011% | +9.36% | 18.17% | −28.31 | #5086 | | FY 2020-21 | 7.79 | 0.0004% | −17.30% | 10.10% | 34.55 | 0.0012% | −8.43% | 15.80% | −26.76 | #5384 | | FY 2021-22 | 9.44 | 0.0003% | +21.18% | 10.47% | 42.06 | 0.0009% | +21.74% | 13.89% | −32.62 | #5566 | | FY 2022-23 | 13.27 | 0.0004% | +40.57% | 8.17% | 48.97 | 0.0009% | +16.43% | 13.75% | −35.70 | #5258 | | FY 2023-24 | 16.58 | 0.0005% | +24.94% | 12.67% | 53.29 | 0.0009% | +8.82% | 27.35% | −36.71 | #5026 | | FY 2024-25 | 14.77 | 0.0004% | −10.92% | 10.25% | 67.72 | 0.0011% | +27.08% | 21.56% | −52.95 | #5279 | - CAGR (7-year): exports 7.84%/yr, imports 11.90%/yr (consistently Deficit) ## Key trade insights: HSN Code 38140020 export-import analysis ### Consistent export growth: 7.84% CAGR over 7 years India's exports under HSN Code 38140020 have grown at a compound annual rate of 7.84% over 7 fiscal years, rising from ₹9.39 Crore in FY 2018-19 to ₹14.77 Crore in FY 2024-25. ### HSN Code 38140020 ranked #5279 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 38140020 ranks #5279 out of 12657 HSN codes by total export value. Within Sub-Chapter 3814, it ranks #2 of 2. By trade surplus, it ranks #10289 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 38140020 exports The strongest single-year export movement for HSN Code 38140020 was recorded in FY 2022-23, when exports surged by 40.57% over the prior year. ### India records a trade deficit of ₹52.95 Crore in HSN Code 38140020 goods In FY 2024-25, India's imports of ₹67.72 Cr exceeded exports of ₹14.77 Cr, resulting in a trade deficit of ₹52.95 Crore — ranking #10289 of 12657 by surplus magnitude. ### Import growth of 11.90% CAGR signals rising demand for Prepared Paint/Varnish Removers India's imports under HSN Code 38140020 have grown at 11.90% CAGR, reaching ₹67.72 Crore in FY 2024-25. ### HSN Code 38140020 contributes 10.25% of Sub-Chapter 3814 exports — ranked #2 Among the 2 HSN codes under Sub-Chapter 3814, HSN Code 38140020 ranks #2 by export value — accounting for 10.25% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 21.56% share (rank #2). ## Related HSN Codes in Sub-Chapter 3814 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 38140010: Other Organic Composite Solvents/Thinners](https://busy.in/hsn/hsn-38140010/) | ₹129 Cr | | #2 | HSN Code 38140020: Prepared Paint/Varnish Removers (this hsn code) | ₹15 Cr |