--- title: "HSN Code for Industrial monocarboxylic fatty acids; acid oils from refining: Other | HSN 38231900 GST Rate" description: "Find HSN and GST Rates for 38231900 related to Industrial monocarboxylic fatty acids; acid oils from refining: Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-38231900/" --- # HSN Code 38231900: Industrial monocarboxylic fatty acids; acid oils from refining: Other - [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 : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 38231900 ? It includes Industrial monocarboxylic fatty acids; acid oils from refining: Other ### Do e‑way bill and e‑invoice apply for Industrial monocarboxylic fatty acids; acid oils from refining: Other? 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 Industrial monocarboxylic fatty acids; acid oils from refining: Other? 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 Industrial monocarboxylic fatty acids; acid oils from refining: Other? Under HSN 38231900, Industrial monocarboxylic fatty acids; acid oils from refining: Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Industrial monocarboxylic fatty acids; acid oils from refining: Other? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Industrial monocarboxylic fatty acids; acid oils from refining: Other is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Industrial monocarboxylic fatty acids; acid oils from refining: Other; Nil for exempt items if applicable). ## India's trade performance: HSN Code 38231900 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2,573 Cr (+32.70% YoY) — 0.0699% of India's total exports - Imports: ₹5,589 Cr (+54.96% YoY) — 0.0920% of India's total imports - Trade balance: −₹3,016 Cr (Deficit); surplus rank #12491 of 12657 HSN codes - Share of Sub-Chapter 3823: 71.23% of its exports; import side 66.23% - Rank within Sub-Chapter 3823: #1 of 13 by export value; import-side #1 ### Key metrics - Export CAGR: 17.27% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #207 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +89.80% in FY 2021-22 - Contribution to Sub-Ch. 3823: 71.23% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 38231900 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 | 989.52 | 0.0433% | — | 65.12% | 2,808.53 | 0.0783% | — | 57.07% | −1,819.01 | #334 | | FY 2019-20 | 926.35 | 0.0421% | −6.38% | 65.37% | 2,295.36 | 0.0686% | −18.27% | 67.84% | −1,369.01 | #356 | | FY 2020-21 | 917.63 | 0.0427% | −0.94% | 65.99% | 2,866.10 | 0.0984% | +24.86% | 67.18% | −1,948.47 | #388 | | FY 2021-22 | 1,741.69 | 0.0555% | +89.80% | 68.91% | 4,827.36 | 0.1056% | +68.43% | 68.26% | −3,085.67 | #270 | | FY 2022-23 | 2,581.10 | 0.0713% | +48.20% | 64.73% | 4,613.11 | 0.0802% | −4.44% | 61.90% | −2,032.01 | #189 | | FY 2023-24 | 1,939.11 | 0.0536% | −24.87% | 70.70% | 3,606.92 | 0.0642% | −21.81% | 61.81% | −1,667.81 | #257 | | FY 2024-25 | 2,573.20 | 0.0699% | +32.70% | 71.23% | 5,589.20 | 0.0920% | +54.96% | 66.23% | −3,016.00 | #207 | - CAGR (7-year): exports 17.27%/yr, imports 12.15%/yr (consistently Deficit) ## Key trade insights: HSN Code 38231900 export-import analysis ### Consistent export growth: 17.27% CAGR over 7 years India's exports under HSN Code 38231900 have grown at a compound annual rate of 17.27% over 7 fiscal years, rising from ₹989.52 Crore in FY 2018-19 to ₹2,573.20 Crore in FY 2024-25. ### HSN Code 38231900 ranked #207 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 38231900 ranks #207 out of 12657 HSN codes by total export value. Within Sub-Chapter 3823, it ranks #1 of 13. By trade surplus, it ranks #12491 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 38231900 exports The strongest single-year export movement for HSN Code 38231900 was recorded in FY 2021-22, when exports surged by 89.80% over the prior year. ### India records a trade deficit of ₹3,016.00 Crore in HSN Code 38231900 goods In FY 2024-25, India's imports of ₹5,589.20 Cr exceeded exports of ₹2,573.20 Cr, resulting in a trade deficit of ₹3,016.00 Crore — ranking #12491 of 12657 by surplus magnitude. ### Import growth of 12.15% CAGR signals rising demand for Industrial monocarboxylic fatty acids; acid oils from refining: Other India's imports under HSN Code 38231900 have grown at 12.15% CAGR, reaching ₹5,589.20 Crore in FY 2024-25. ### HSN Code 38231900 contributes 71.23% of Sub-Chapter 3823 exports — ranked #1 Among the 13 HSN codes under Sub-Chapter 3823, HSN Code 38231900 ranks #1 by export value — accounting for 71.23% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 66.23% share (rank #1). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-38231300/) | ₹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 |