---
title: "HSN Code for Prepared binders for foundry moulds or cores | HSN 38241000 GST Rate"
description: "Find HSN and GST Rates for 38241000 related to Prepared binders for foundry moulds or cores with BUSY Accounting - The reliable source for HSN and GST details in India."
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# HSN Code 38241000: Prepared binders for foundry moulds or cores

- [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 3824: Chemical products for moulds & cores](https://busy.in/hsn/sub-chapter-3824/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Prepared binders for foundry moulds or cores | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 38241000 ?

It includes Prepared binders for foundry moulds or cores

### How should mixed supplies be billed when Prepared binders for foundry moulds or cores is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Prepared binders for foundry moulds or cores; Nil for exempt items if applicable).

### Does packaging or labelling change the GST for Prepared binders for foundry moulds or cores?

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 Prepared binders for foundry moulds or cores?

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 Prepared binders for foundry moulds or cores?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### How much GST applies to Prepared binders for foundry moulds or cores?

Under HSN 38241000, Prepared binders for foundry moulds or cores attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Do e‑way bill and e‑invoice apply for Prepared binders for foundry moulds or cores?

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.

## India's trade performance: HSN Code 38241000 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹146 Cr (−15.73% YoY) — 0.0040% of India's total exports
- Imports: ₹220 Cr (−3.59% YoY) — 0.0036% of India's total imports
- Trade balance: −₹74 Cr (Deficit); surplus rank #10550 of 12657 HSN codes
- Share of Sub-Chapter 3824: 3.62% of its exports; import side 1.99%
- Rank within Sub-Chapter 3824: #4 of 58 by export value; import-side #4

### Key metrics

- Export CAGR: 5.19% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #2187 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +31.75% in FY 2021-22
- Contribution to Sub-Ch. 3824: 3.62% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 38241000

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. 3824 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3824 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 107.85 | 0.0047% | — | 4.62% | 154.12 | 0.0043% | — | 2.56% | −46.27 | #1924 |
| FY 2019-20 | 99.53 | 0.0045% | −7.71% | 4.28% | 99.72 | 0.0030% | −35.30% | 1.88% | −0.19 | #2029 |
| FY 2020-21 | 98.80 | 0.0046% | −0.73% | 4.87% | 111.22 | 0.0038% | +11.53% | 1.90% | −12.42 | #2086 |
| FY 2021-22 | 130.17 | 0.0041% | +31.75% | 4.65% | 212.84 | 0.0047% | +91.37% | 2.60% | −82.67 | #2104 |
| FY 2022-23 | 162.22 | 0.0045% | +24.62% | 4.88% | 289.10 | 0.0050% | +35.83% | 3.18% | −126.88 | #1955 |
| FY 2023-24 | 173.34 | 0.0048% | +6.85% | 4.99% | 227.88 | 0.0041% | −21.18% | 2.35% | −54.54 | #1941 |
| FY 2024-25 | 146.07 | 0.0040% | −15.73% | 3.62% | 219.70 | 0.0036% | −3.59% | 1.99% | −73.63 | #2187 |

- CAGR (7-year): exports 5.19%/yr, imports 6.09%/yr (consistently Deficit)

## Key trade insights: HSN Code 38241000 export-import analysis

### Consistent export growth: 5.19% CAGR over 7 years

India's exports under HSN Code 38241000 have grown at a compound annual rate of 5.19% over 7 fiscal years, rising from ₹107.85 Crore in FY 2018-19 to ₹146.07 Crore in FY 2024-25.

### HSN Code 38241000 ranked #2187 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 38241000 ranks #2187 out of 12657 HSN codes by total export value. Within Sub-Chapter 3824, it ranks #4 of 58. By trade surplus, it ranks #10550 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 38241000 exports

The strongest single-year export movement for HSN Code 38241000 was recorded in FY 2021-22, when exports surged by 31.75% over the prior year.

### India records a trade deficit of ₹73.63 Crore in HSN Code 38241000 goods

In FY 2024-25, India's imports of ₹219.70 Cr exceeded exports of ₹146.07 Cr, resulting in a trade deficit of ₹73.63 Crore — ranking #10550 of 12657 by surplus magnitude.

### Import growth of 6.09% CAGR signals stable import dependency for Prepared binders for foundry moulds or cores

India's imports under HSN Code 38241000 have grown at 6.09% CAGR, reaching ₹219.70 Crore in FY 2024-25.

### HSN Code 38241000 contributes 3.62% of Sub-Chapter 3824 exports — ranked #4

Among the 58 HSN codes under Sub-Chapter 3824, HSN Code 38241000 ranks #4 by export value — accounting for 3.62% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.99% share (rank #4).

## Related HSN Codes in Sub-Chapter 3824

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 38249900: Prepared Binders & Chemical Products for Foundries](https://busy.in/hsn/hsn-38249900/) | ₹2,977 Cr |
| #2 | [HSN Code 38243000: Metal Carbides Mixed: Non-Agglomerated or With Metallic Binders](https://busy.in/hsn/hsn-38243000/) | ₹433 Cr |
| #3 | [HSN Code 38244090: Cement additives: Other](https://busy.in/hsn/hsn-38244090/) | ₹326 Cr |
| #4 | HSN Code 38241000: Prepared binders for foundry moulds or cores (this hsn code) | ₹146 Cr |
| #5 | [HSN Code 38244010: Damp Proof/Water Proof Compounds](https://busy.in/hsn/hsn-38244010/) | ₹62 Cr |
| #6 | [HSN Code 38245090: Non-refractory mortars and concrete](https://busy.in/hsn/hsn-38245090/) | ₹53 Cr |
| #7 | [HSN Code 38246010: Sorbitol Solution: Non-2905 44](https://busy.in/hsn/hsn-38246010/) | ₹24 Cr |
| #8 | [HSN Code 38249100: Hazardous Waste (Containing Specific Components)](https://busy.in/hsn/hsn-38249100/) | ₹7 Cr |
| #9 | [HSN Code 38248900: Short-Chain Chlorinated Paraffins Mixtures](https://busy.in/hsn/hsn-38248900/) | ₹6 Cr |
| #10 | [HSN Code 38248100: Ethylene Oxide Mixtures](https://busy.in/hsn/hsn-38248100/) | ₹2 Cr |