HSN Code 38237040: Stearyl Alcohol

HSN Code 38237040 represents Stearyl Alcohol under GST classification. This code helps businesses identify Stearyl Alcohol correctly for billing, taxation, and trade. With HSN Code 38237040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Stearyl Alcohol.

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Description of Goods for HSN Code 38237040

HSN Code 38237040 relates to the following description.

Description of Goods

Industrial fatty alcohols: Stearyl alcohol

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 38237040 not include?

Stearyl Alcohol 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 38237040 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

₹4 Cr

−0.46% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+68.75% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹4 Cr

Trade Surplus

Surplus rank #3843 of 12657 HSN codes

% of Sub-Chapter 3823

FY 2024-25

0.12%

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

Import side: 0.00% of Sub-Chapter 3823’s imports

Rank Within Sub-Chapter 3823

FY 2024-25

#5 of 13

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

Import-side rank: #9 of 13

At a glance

−7.04%

Export CAGR

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

#6794

National Export Rank

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

+159.14%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.12%

Contribution to Sub-Ch. 3823

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #5487

Balance

+6.66

Exports

6.71 ₹ Cr

0.0003% share

— YoY

0.44% of Sub-Ch. 3823

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 3823

FY 2019-20 Exp. Rank #6407

Balance

+2.92

Exports

3.14 ₹ Cr

0.0001% share

−53.20% YoY

0.22% of Sub-Ch. 3823

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+340.00% YoY

0.01% of Sub-Ch. 3823

FY 2020-21 Exp. Rank #5599

Balance

+6.44

Exports

6.57 ₹ Cr

0.0003% share

+109.24% YoY

0.47% of Sub-Ch. 3823

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−40.91% YoY

0.00% of Sub-Ch. 3823

FY 2021-22 Exp. Rank #5219

Balance

+12.24

Exports

12.26 ₹ Cr

0.0004% share

+86.61% YoY

0.49% of Sub-Ch. 3823

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−84.62% YoY

0.00% of Sub-Ch. 3823

FY 2022-23 Exp. Rank #4086

Balance

+31.77

Exports

31.77 ₹ Cr

0.0009% share

+159.14% YoY

0.80% of Sub-Ch. 3823

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 3823

FY 2023-24 Exp. Rank #6742

Balance

+4.19

Exports

4.35 ₹ Cr

0.0001% share

−86.31% YoY

0.16% of Sub-Ch. 3823

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 3823

FY 2024-25 Exp. Rank #6794

Balance

+4.06

Exports

4.33 ₹ Cr

0.0001% share

−0.46% YoY

0.12% of Sub-Ch. 3823

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+68.75% YoY

0.00% of Sub-Ch. 3823

CAGR · 7-Year

Exports

−7.04% /yr

Imports

32.45% /yr

Consistently Surplus
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 38237040 and GST compliance.

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.

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.