HSN Code 38231900: Industrial monocarboxylic fatty acids; acid oils from refining: Other

HSN Code 38231900 represents Industrial monocarboxylic fatty acids; acid oils from refining: Other under GST classification. This code helps businesses identify Industrial monocarboxylic fatty acids; acid oils from refining: Other correctly for billing, taxation, and trade. With HSN Code 38231900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Industrial monocarboxylic fatty acids; acid oils from refining: Other.

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Description of Goods for HSN Code 38231900

HSN Code 38231900 relates to the following description.

Description of Goods

Industrial monocarboxylic fatty acids; acid oils from refining : Other

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 38231900 not include?

Industrial monocarboxylic fatty acids; acid oils from refining: Other 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

HSN Code 38231300

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

India’s Trade Performance — HSN Code 38231900 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

₹2,573 Cr

+32.70% vs FY 2023-24

0.0699% of India’s total exports

India’s Imports

FY 2024-25

₹5,589 Cr

+54.96% vs FY 2023-24

0.0920% of India’s total imports

Trade Balance

FY 2024-25

−₹3,016 Cr

Trade Deficit

Surplus rank #12491 of 12657 HSN codes

% of Sub-Chapter 3823

FY 2024-25

71.23%

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

Import side: 66.23% of Sub-Chapter 3823’s imports

Rank Within Sub-Chapter 3823

FY 2024-25

#1 of 13

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

Import-side rank: #1 of 13

At a glance

17.27%

Export CAGR

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

#207

National Export Rank

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

+89.80%

Peak Growth Year

FY 2021-22 · strongest single-year move

71.23%

Contribution to Sub-Ch. 3823

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #334

Balance

−1,819.01

Exports

989.52 ₹ Cr

0.0433% share

— YoY

65.12% of Sub-Ch. 3823

Imports

2,808.53 ₹ Cr

0.0783% share

— YoY

57.07% of Sub-Ch. 3823

FY 2019-20 Exp. Rank #356

Balance

−1,369.01

Exports

926.35 ₹ Cr

0.0421% share

−6.38% YoY

65.37% of Sub-Ch. 3823

Imports

2,295.36 ₹ Cr

0.0686% share

−18.27% YoY

67.84% of Sub-Ch. 3823

FY 2020-21 Exp. Rank #388

Balance

−1,948.47

Exports

917.63 ₹ Cr

0.0427% share

−0.94% YoY

65.99% of Sub-Ch. 3823

Imports

2,866.10 ₹ Cr

0.0984% share

+24.86% YoY

67.18% of Sub-Ch. 3823

FY 2021-22 Exp. Rank #270

Balance

−3,085.67

Exports

1,741.69 ₹ Cr

0.0555% share

+89.80% YoY

68.91% of Sub-Ch. 3823

Imports

4,827.36 ₹ Cr

0.1056% share

+68.43% YoY

68.26% of Sub-Ch. 3823

FY 2022-23 Exp. Rank #189

Balance

−2,032.01

Exports

2,581.10 ₹ Cr

0.0713% share

+48.20% YoY

64.73% of Sub-Ch. 3823

Imports

4,613.11 ₹ Cr

0.0802% share

−4.44% YoY

61.90% of Sub-Ch. 3823

FY 2023-24 Exp. Rank #257

Balance

−1,667.81

Exports

1,939.11 ₹ Cr

0.0536% share

−24.87% YoY

70.70% of Sub-Ch. 3823

Imports

3,606.92 ₹ Cr

0.0642% share

−21.81% YoY

61.81% of Sub-Ch. 3823

FY 2024-25 Exp. Rank #207

Balance

−3,016.00

Exports

2,573.20 ₹ Cr

0.0699% share

+32.70% YoY

71.23% of Sub-Ch. 3823

Imports

5,589.20 ₹ Cr

0.0920% share

+54.96% YoY

66.23% of Sub-Ch. 3823

CAGR · 7-Year

Exports

17.27% /yr

Imports

12.15% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 38231900 and GST compliance.

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).

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.