HSN Code 38231300: Tall Oil Fatty Acids

HSN Code 38231300 represents Tall Oil Fatty Acids under GST classification. This code helps businesses identify Tall Oil Fatty Acids correctly for billing, taxation, and trade. With HSN Code 38231300, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Tall Oil Fatty Acids.

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Description of Goods for HSN Code 38231300

HSN Code 38231300 relates to the following description.

Description of Goods

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

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 38231300 not include?

Tall Oil Fatty Acids does not include products with the following descriptions.

HSN Code 38231100

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

HSN Code 38231111

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

HSN Code 38231112

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

HSN Code 38231119

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

HSN Code 38231190

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

HSN Code 38231200

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

India’s Trade Performance — HSN Code 38231300 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

₹3 Cr

−43.53% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹26 Cr

−18.06% vs FY 2023-24

0.0004% of India’s total imports

Trade Balance

FY 2024-25

−₹24 Cr

Trade Deficit

Surplus rank #9670 of 12657 HSN codes

% of Sub-Chapter 3823

FY 2024-25

0.07%

Share of Sub-Chapter 3823’s total exports in FY 2024-25

Import side: 0.31% of Sub-Chapter 3823’s imports

Rank Within Sub-Chapter 3823

FY 2024-25

#6 of 13

Position by export value among HSN codes in Sub-Chapter 3823

Import-side rank: #6 of 13

At a glance

49.13%

Export CAGR

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

#7382

National Export Rank

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

+700.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.07%

Contribution to Sub-Ch. 3823

Share of Sub-Chapter 3823 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #8711

Balance

−46.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.02% of Sub-Ch. 3823

Imports

46.25 ₹ Cr

0.0013% share

— YoY

0.94% of Sub-Ch. 3823

FY 2019-20 Exp. Rank #7865

Balance

−50.64

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+226.09% YoY

0.05% of Sub-Ch. 3823

Imports

51.39 ₹ Cr

0.0015% share

+11.11% YoY

1.52% of Sub-Ch. 3823

FY 2020-21 Exp. Rank #8300

Balance

−61.36

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−38.67% YoY

0.03% of Sub-Ch. 3823

Imports

61.82 ₹ Cr

0.0021% share

+20.30% YoY

1.45% of Sub-Ch. 3823

FY 2021-22 Exp. Rank #8070

Balance

−83.83

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+95.65% YoY

0.04% of Sub-Ch. 3823

Imports

84.73 ₹ Cr

0.0019% share

+37.06% YoY

1.20% of Sub-Ch. 3823

FY 2022-23 Exp. Rank #8594

Balance

−24.17

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−37.78% YoY

0.01% of Sub-Ch. 3823

Imports

24.73 ₹ Cr

0.0004% share

−70.81% YoY

0.33% of Sub-Ch. 3823

FY 2023-24 Exp. Rank #6704

Balance

−27.85

Exports

4.48 ₹ Cr

0.0001% share

+700.00% YoY

0.16% of Sub-Ch. 3823

Imports

32.33 ₹ Cr

0.0006% share

+30.73% YoY

0.55% of Sub-Ch. 3823

FY 2024-25 Exp. Rank #7382

Balance

−23.96

Exports

2.53 ₹ Cr

0.0001% share

−43.53% YoY

0.07% of Sub-Ch. 3823

Imports

26.49 ₹ Cr

0.0004% share

−18.06% YoY

0.31% of Sub-Ch. 3823

CAGR · 7-Year

Exports

49.13% /yr

Imports

−8.87% /yr

Consistently Deficit
Sub-Chapter 3823 total

reference, FY 2024-25

Export

₹3,612.42 Cr

Import

₹8,438.65 Cr

Trade Balance

−4,826.23

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 38231300 and GST compliance.

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.

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.