--- title: "HSN Code for Stearyl Alcohol | HSN 38237040 GST Rate" description: "Find HSN and GST Rates for 38237040 related to Stearyl Alcohol with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-38237040/" --- # HSN Code 38237040: Stearyl Alcohol - [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 fatty alcohols: Stearyl alcohol | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 38237040 ? It includes Stearyl Alcohol ### Do e‑way bill and e‑invoice apply for Stearyl Alcohol? 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. ### How should mixed supplies be billed when Stearyl Alcohol is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Stearyl Alcohol; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Stearyl Alcohol? 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. ### Any common misclassification issue with Stearyl Alcohol? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Stearyl Alcohol? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 38237040 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹4 Cr (−0.46% YoY) — 0.0001% of India's total exports - Imports: < ₹1 Crore (+68.75% YoY) — 0.0000% of India's total imports - Trade balance: ₹4 Cr (Surplus); surplus rank #3843 of 12657 HSN codes - Share of Sub-Chapter 3823: 0.12% of its exports; import side 0.00% - Rank within Sub-Chapter 3823: #5 of 13 by export value; import-side #9 ### Key metrics - Export CAGR: -7.04% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6794 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +159.14% in FY 2022-23 - Contribution to Sub-Ch. 3823: 0.12% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 38237040 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 | 6.71 | 0.0003% | — | 0.44% | < ₹1 Crore | 0.0000% | — | 0.00% | +6.66 | #5487 | | FY 2019-20 | 3.14 | 0.0001% | −53.20% | 0.22% | < ₹1 Crore | 0.0000% | +340.00% | 0.01% | +2.92 | #6407 | | FY 2020-21 | 6.57 | 0.0003% | +109.24% | 0.47% | < ₹1 Crore | 0.0000% | −40.91% | 0.00% | +6.44 | #5599 | | FY 2021-22 | 12.26 | 0.0004% | +86.61% | 0.49% | < ₹1 Crore | 0.0000% | −84.62% | 0.00% | +12.24 | #5219 | | FY 2022-23 | 31.77 | 0.0009% | +159.14% | 0.80% | Nil | 0.0000% | −100.00% | 0.00% | +31.77 | #4086 | | FY 2023-24 | 4.35 | 0.0001% | −86.31% | 0.16% | < ₹1 Crore | 0.0000% | — | 0.00% | +4.19 | #6742 | | FY 2024-25 | 4.33 | 0.0001% | −0.46% | 0.12% | < ₹1 Crore | 0.0000% | +68.75% | 0.00% | +4.06 | #6794 | - CAGR (7-year): exports -7.04%/yr, imports 32.45%/yr (consistently Surplus) ## Key trade insights: HSN Code 38237040 export-import analysis ### Export decline: -7.04% CAGR over 7 years India's exports under HSN Code 38237040 have declined at a compound annual rate of -7.04% over 7 fiscal years, falling from ₹6.71 Crore in FY 2018-19 to ₹4.33 Crore in FY 2024-25. ### HSN Code 38237040 ranked #6794 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 38237040 ranks #6794 out of 12657 HSN codes by total export value. Within Sub-Chapter 3823, it ranks #5 of 13. By trade surplus, it ranks #3843 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 38237040 exports The strongest single-year export movement for HSN Code 38237040 was recorded in FY 2022-23, when exports surged by 159.14% over the prior year. ### India maintains a trade surplus of ₹4.06 Crore in HSN Code 38237040 goods In FY 2024-25, India's exports of ₹4.33 Cr exceeded imports of ₹0.27 Cr, resulting in a trade surplus of ₹4.06 Crore — ranking #3843 of 12657 by surplus magnitude. ### Import growth of 32.45% CAGR signals rising demand for Stearyl Alcohol India's imports under HSN Code 38237040 have grown at 32.45% CAGR, reaching ₹0.27 Crore in FY 2024-25. ### HSN Code 38237040 contributes 0.12% of Sub-Chapter 3823 exports — ranked #5 Among the 13 HSN codes under Sub-Chapter 3823, HSN Code 38237040 ranks #5 by export value — accounting for 0.12% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #9). ## 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 (this hsn code) | ₹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 |