--- title: "HSN Code for Tall Oil Fatty Acids | HSN 38231300 GST Rate" description: "Find HSN and GST Rates for 38231300 related to Tall Oil Fatty Acids with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-38231300/" --- # HSN Code 38231300: Tall Oil Fatty Acids - [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 3823: Fatty acids & industrial oils](https://busy.in/hsn/sub-chapter-3823/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Industrial monocarboxylic fatty acids; acid oils from refining : Tall oil fatty acids | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 38231300 ? It includes Tall Oil Fatty Acids ### Does packaging or labelling change the GST for Tall Oil Fatty Acids? 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. ### Can we claim ITC on inputs used to trade Tall Oil Fatty Acids? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Tall Oil Fatty Acids? 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 Tall Oil Fatty Acids? Under HSN 38231300, Tall Oil Fatty Acids attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Tall Oil Fatty Acids? 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. ## India's trade performance: HSN Code 38231300 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹3 Cr (−43.53% YoY) — 0.0001% of India's total exports - Imports: ₹26 Cr (−18.06% YoY) — 0.0004% of India's total imports - Trade balance: −₹24 Cr (Deficit); surplus rank #9670 of 12657 HSN codes - Share of Sub-Chapter 3823: 0.07% of its exports; import side 0.31% - Rank within Sub-Chapter 3823: #6 of 13 by export value; import-side #6 ### Key metrics - Export CAGR: 49.13% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7382 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +700.00% in FY 2023-24 - Contribution to Sub-Ch. 3823: 0.07% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 38231300 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. 3823 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3823 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.02% | 46.25 | 0.0013% | — | 0.94% | −46.02 | #8711 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +226.09% | 0.05% | 51.39 | 0.0015% | +11.11% | 1.52% | −50.64 | #7865 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −38.67% | 0.03% | 61.82 | 0.0021% | +20.30% | 1.45% | −61.36 | #8300 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +95.65% | 0.04% | 84.73 | 0.0019% | +37.06% | 1.20% | −83.83 | #8070 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −37.78% | 0.01% | 24.73 | 0.0004% | −70.81% | 0.33% | −24.17 | #8594 | | FY 2023-24 | 4.48 | 0.0001% | +700.00% | 0.16% | 32.33 | 0.0006% | +30.73% | 0.55% | −27.85 | #6704 | | FY 2024-25 | 2.53 | 0.0001% | −43.53% | 0.07% | 26.49 | 0.0004% | −18.06% | 0.31% | −23.96 | #7382 | - CAGR (7-year): exports 49.13%/yr, imports -8.87%/yr (consistently Deficit) ## Key trade insights: HSN Code 38231300 export-import analysis ### Consistent export growth: 49.13% CAGR over 7 years India's exports under HSN Code 38231300 have grown at a compound annual rate of 49.13% over 7 fiscal years, rising from ₹0.23 Crore in FY 2018-19 to ₹2.53 Crore in FY 2024-25. ### HSN Code 38231300 ranked #7382 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 38231300 ranks #7382 out of 12657 HSN codes by total export value. Within Sub-Chapter 3823, it ranks #6 of 13. By trade surplus, it ranks #9670 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 38231300 exports The strongest single-year export movement for HSN Code 38231300 was recorded in FY 2023-24, when exports surged by 700.00% over the prior year. ### India records a trade deficit of ₹23.96 Crore in HSN Code 38231300 goods In FY 2024-25, India's imports of ₹26.49 Cr exceeded exports of ₹2.53 Cr, resulting in a trade deficit of ₹23.96 Crore — ranking #9670 of 12657 by surplus magnitude. ### Import growth of -8.87% CAGR signals stable import dependency for Tall Oil Fatty Acids India's imports under HSN Code 38231300 have grown at -8.87% CAGR, reaching ₹26.49 Crore in FY 2024-25. ### HSN Code 38231300 contributes 0.07% of Sub-Chapter 3823 exports — ranked #6 Among the 13 HSN codes under Sub-Chapter 3823, HSN Code 38231300 ranks #6 by export value — accounting for 0.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.31% share (rank #6). ## Related HSN Codes in Sub-Chapter 3823 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 38231900: Industrial monocarboxylic fatty acids; acid oils from refining: Other](https://busy.in/hsn/hsn-38231900/) | ₹2,573 Cr | | #2 | [HSN Code 38237090: Industrial Fatty Alcohols\| Other](https://busy.in/hsn/hsn-38237090/) | ₹890 Cr | | #3 | [HSN Code 38231200: Oleic Acid: Industrial Monocarboxylic Fatty Acids and Acid Oils](https://busy.in/hsn/hsn-38231200/) | ₹105 Cr | | #4 | [HSN Code 38231100: Composite Diagnostic Chemicals](https://busy.in/hsn/hsn-38231100/) | ₹36 Cr | | #5 | [HSN Code 38237040: Stearyl Alcohol](https://busy.in/hsn/hsn-38237040/) | ₹4 Cr | | #6 | HSN Code 38231300: Tall Oil Fatty Acids (this hsn code) | ₹3 Cr | | #7 | [HSN Code 38237020: Industrial Alcohols\| Lauryl Alcohol](https://busy.in/hsn/hsn-38237020/) | ₹1 Cr | | #8 | [HSN Code 38237010: Hooks, Eyes And Eyelets \| Hooks And Eyes](https://busy.in/hsn/hsn-38237010/) | < ₹1 Crore | | — | [HSN Code 38231111: Stearic Acid: RBD Palm Stearin](https://busy.in/hsn/hsn-38231111/) | Nil | | — | [HSN Code 38231112: Stearic Acid: Other Palm Stearin](https://busy.in/hsn/hsn-38231112/) | Nil |