HSN Code 38231200: Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils

HSN Code 38231200 represents Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils under GST classification. This code helps businesses identify Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils correctly for billing, taxation, and trade. With HSN Code 38231200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils.

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Description of Goods for Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils

HSN Code 38231200 relates to the following description:

Chapter Number Chapter Name Sub Chapter Number Sub Chapter Name Description of Goods CGST
(%)
SGST
(%)
IGST
(%)
CESS
(%)
38 Miscellaneous chemical products 3823 Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols Industrial monocarboxylic fatty acids; acid oils from refining : Oleic acid 9% 9% 18% 0%

Description of goods

Industrial monocarboxylic fatty acids; acid oils from refining : Oleic acid

Chapter

38 – Miscellaneous chemical products

Sub Chapter

3823 – Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols

CGST 9%
SGST 9%
IGST 18%
CESS 0%

What does HSN Code 38231200 not include?

Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils does not include products with the following descriptions:

HSN Code Description
Industrial monocarboxylic fatty acids; acid oils from refining :Stearic acid : Palm stearin : Stearic acid
Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols industrial monocarboxylic fatty acids; acid oils from refining: stearic acid: palm stearin: crude
Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols industrial monocarboxylic fatty acids; acid oils from refining: stearic acid: palm stearin: rbd
Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols industrial monocarboxylic fatty acids; acid oils from refining: stearic acid: palm stearin: other
Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols industrial monocarboxylic fatty acids; acid oils from refining: stearic acid: other stearic acid or stearin
Industrial monocarboxylic fatty acids; acid oils from refining : Tall oil fatty acids
Industrial monocarboxylic fatty acids; acid oils from refining : Other
Industrial fatty alcohols: Cetyl alcohol
Industrial fatty alcohols: Lauryl alcohol
Industrial fatty alcohols: Oleyl alcohol
Industrial fatty alcohols: Stearyl alcohol
Industrial fatty alcohols: Other

Industrial monocarboxylic fatty acids; acid oils from refining :Stearic acid : Palm stearin : Stearic acid

Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols industrial monocarboxylic fatty acids; acid oils from refining: stearic acid: palm stearin: crude

Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols industrial monocarboxylic fatty acids; acid oils from refining: stearic acid: palm stearin: rbd

Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols industrial monocarboxylic fatty acids; acid oils from refining: stearic acid: palm stearin: other

Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols industrial monocarboxylic fatty acids; acid oils from refining: stearic acid: other stearic acid or stearin

Industrial monocarboxylic fatty acids; acid oils from refining : Tall oil fatty acids

Industrial monocarboxylic fatty acids; acid oils from refining : Other

Industrial fatty alcohols: Cetyl alcohol

Industrial fatty alcohols: Lauryl alcohol

Industrial fatty alcohols: Oleyl alcohol

Industrial fatty alcohols: Stearyl alcohol

Industrial fatty alcohols: Other

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FAQs for HSN Code 38231200

What products are classified under HSN 38231200 ?

It includes Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils

Any common misclassification issue with Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils?

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 Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils?

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.

Can we claim ITC on inputs used to trade Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils?

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

How much GST applies to Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils?

Under HSN 38231200, Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils; Nil for exempt items if applicable).

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.

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