HSN Code 38140020 represents Prepared Paint/Varnish Removers under GST classification. This code helps businesses identify Prepared Paint/Varnish Removers correctly for billing, taxation, and trade. With HSN Code 38140020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Prepared Paint/Varnish Removers.
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HSN Code 38140020 relates to the following description.
Miscellaneous chemical products
Organic composite solvents and thinners, not elsewhere specified or included; prepared paint or varnish removers
Organic composite solvents and thinners, not elsewhere specified or included; prepared paint or varnish removers : Prepared paint or varnish removers
9%
9%
18%
0%
Description of Goods
Organic composite solvents and thinners, not elsewhere specified or included; prepared paint or varnish removers : Prepared paint or varnish removers
Chapter
38 - Miscellaneous chemical products
Sub Chapter
3814 - Organic composite solvents and thinners, not elsewhere specified or included; prepared paint or varnish removers
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Prepared Paint/Varnish Removers does not include products with the following descriptions.
Organic composite solvents and thinners, not elsewhere specified or included; prepared paint or varnish removers : Organic composite solvents and thinners, not elsewhere specified or included
Organic composite solvents and thinners, not elsewhere specified or included; prepared paint or varnish removers : Organic composite solvents and thinners, not elsewhere specified or included
India’s Exports
FY 2024-25₹15 Cr
0.0004% of India’s total exports
India’s Imports
FY 2024-25₹68 Cr
0.0011% of India’s total imports
Trade Balance
FY 2024-25−₹53 Cr
Surplus rank #10289 of 12657 HSN codes
% of Sub-Chapter 3814
FY 2024-2510.25%
Share of Sub-Chapter 3814’s total exports in FY 2024-25
Import side: 21.56% of Sub-Chapter 3814’s imports
Rank Within Sub-Chapter 3814
FY 2024-25#2 of 2
Position by export value among HSN codes in Sub-Chapter 3814
Import-side rank: #2 of 2
At a glance
7.84%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5279
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+40.57%
Peak Growth Year
FY 2022-23 · strongest single-year move
10.25%
Contribution to Sub-Ch. 3814
Share of Sub-Chapter 3814 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
−25.11
Exports
9.39 ₹ Cr
0.0004% share
— YoY
14.14% of Sub-Ch. 3814
Imports
34.50 ₹ Cr
0.0010% share
— YoY
17.44% of Sub-Ch. 3814
Balance
−28.31
Exports
9.42 ₹ Cr
0.0004% share
+0.32% YoY
13.20% of Sub-Ch. 3814
Imports
37.73 ₹ Cr
0.0011% share
+9.36% YoY
18.17% of Sub-Ch. 3814
Balance
−26.76
Exports
7.79 ₹ Cr
0.0004% share
−17.30% YoY
10.10% of Sub-Ch. 3814
Imports
34.55 ₹ Cr
0.0012% share
−8.43% YoY
15.80% of Sub-Ch. 3814
Balance
−32.62
Exports
9.44 ₹ Cr
0.0003% share
+21.18% YoY
10.47% of Sub-Ch. 3814
Imports
42.06 ₹ Cr
0.0009% share
+21.74% YoY
13.89% of Sub-Ch. 3814
Balance
−35.70
Exports
13.27 ₹ Cr
0.0004% share
+40.57% YoY
8.17% of Sub-Ch. 3814
Imports
48.97 ₹ Cr
0.0009% share
+16.43% YoY
13.75% of Sub-Ch. 3814
Balance
−36.71
Exports
16.58 ₹ Cr
0.0005% share
+24.94% YoY
12.67% of Sub-Ch. 3814
Imports
53.29 ₹ Cr
0.0009% share
+8.82% YoY
27.35% of Sub-Ch. 3814
Balance
−52.95
Exports
14.77 ₹ Cr
0.0004% share
−10.92% YoY
10.25% of Sub-Ch. 3814
Imports
67.72 ₹ Cr
0.0011% share
+27.08% YoY
21.56% of Sub-Ch. 3814
CAGR · 7-Year
Exports
7.84% /yr
Imports
11.90% /yr
reference, FY 2024-25
Export
₹144.16 Cr
Import
₹314.10 Cr
Trade Balance
−169.94
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.
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.
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.
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.
India's imports under HSN Code 38140020 have grown at 11.90% CAGR, reaching ₹67.72 Crore in FY 2024-25.
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).
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 38140020 and GST compliance.
It includes 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.
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.
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.
Under HSN 38140020, Prepared Paint/Varnish Removers attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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).