HSN Code 39023000: Propylene Copolymers
HSN Code 39023000 represents Propylene Copolymers under GST classification. This code helps businesses identify Propylene Copolymers correctly for billing, taxation, and trade. With HSN Code 39023000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Propylene Copolymers.
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Description of Goods for HSN Code 39023000
HSN Code 39023000 relates to the following description.
What does HSN Code 39023000 not include?
Propylene Copolymers does not include products with the following descriptions.
India’s Trade Performance — HSN Code 39023000 in FY 2024-25
India’s Exports
FY 2024-25₹222 Cr
0.0060% of India’s total exports
India’s Imports
FY 2024-25₹4,871 Cr
0.0802% of India’s total imports
Trade Balance
FY 2024-25−₹4,649 Cr
Surplus rank #12552 of 12657 HSN codes
% of Sub-Chapter 3902
FY 2024-256.02%
Share of Sub-Chapter 3902’s total exports in FY 2024-25
Import side: 30.41% of Sub-Chapter 3902’s imports
Rank Within Sub-Chapter 3902
FY 2024-25#2 of 4
Position by export value among HSN codes in Sub-Chapter 3902
Import-side rank: #2 of 4
At a glance
2.63%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1733
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+258.98%
Peak Growth Year
FY 2020-21 · strongest single-year move
6.02%
Contribution to Sub-Ch. 3902
Share of Sub-Chapter 3902 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 39023000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−2,219.84
Exports
190.03 ₹ Cr
0.0083% share
— YoY
3.16% of Sub-Ch. 3902
Imports
2,409.87 ₹ Cr
0.0672% share
— YoY
28.12% of Sub-Ch. 3902
Balance
−2,291.45
Exports
140.54 ₹ Cr
0.0064% share
−26.04% YoY
3.58% of Sub-Ch. 3902
Imports
2,431.99 ₹ Cr
0.0726% share
+0.92% YoY
27.83% of Sub-Ch. 3902
Balance
−1,702.39
Exports
504.51 ₹ Cr
0.0235% share
+258.98% YoY
8.85% of Sub-Ch. 3902
Imports
2,206.90 ₹ Cr
0.0757% share
−9.26% YoY
28.86% of Sub-Ch. 3902
Balance
−3,261.00
Exports
423.68 ₹ Cr
0.0135% share
−16.02% YoY
7.64% of Sub-Ch. 3902
Imports
3,684.68 ₹ Cr
0.0806% share
+66.96% YoY
28.00% of Sub-Ch. 3902
Balance
−4,159.69
Exports
207.57 ₹ Cr
0.0057% share
−51.01% YoY
6.12% of Sub-Ch. 3902
Imports
4,367.26 ₹ Cr
0.0760% share
+18.52% YoY
24.10% of Sub-Ch. 3902
Balance
−4,200.30
Exports
173.18 ₹ Cr
0.0048% share
−16.57% YoY
5.01% of Sub-Ch. 3902
Imports
4,373.48 ₹ Cr
0.0779% share
+0.14% YoY
27.05% of Sub-Ch. 3902
Balance
−4,649.13
Exports
222.05 ₹ Cr
0.0060% share
+28.22% YoY
6.02% of Sub-Ch. 3902
Imports
4,871.18 ₹ Cr
0.0802% share
+11.38% YoY
30.41% of Sub-Ch. 3902
CAGR · 7-Year
Exports
2.63% /yr
Imports
12.45% /yr
reference, FY 2024-25
Export
₹3,686.29 Cr
Import
₹16,019.79 Cr
Trade Balance
−12,333.50
Key Trade Insights: HSN Code 39023000 Export-Import Analysis
Consistent Export Growth: 2.63% CAGR Over 7 Years
India's exports under HSN Code 39023000 have grown at a compound annual rate of 2.63% over 7 fiscal years, rising from ₹190.03 Crore in FY 2018-19 to ₹222.05 Crore in FY 2024-25.
HSN Code 39023000 Ranked #1733 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 39023000 ranks #1733 out of 12657 HSN codes by total export value. Within Sub-Chapter 3902, it ranks #2 of 4. By trade surplus, it ranks #12552 of 12657.
FY 2020-21 Was the Strongest Growth Year for HSN Code 39023000 Exports
The strongest single-year export movement for HSN Code 39023000 was recorded in FY 2020-21, when exports surged by 258.98% over the prior year.
India Records a Trade Deficit of ₹4,649.13 Crore in HSN Code 39023000 Goods
In FY 2024-25, India's imports of ₹4,871.18 Cr exceeded exports of ₹222.05 Cr, resulting in a trade deficit of ₹4,649.13 Crore — ranking #12552 of 12657 by surplus magnitude.
Import Growth of 12.45% CAGR Signals Rising Demand for Propylene Copolymers
India's imports under HSN Code 39023000 have grown at 12.45% CAGR, reaching ₹4,871.18 Crore in FY 2024-25.
HSN Code 39023000 Contributes 6.02% of Sub-Chapter 3902 Exports — Ranked #2
Among the 4 HSN codes under Sub-Chapter 3902, HSN Code 39023000 ranks #2 by export value — accounting for 6.02% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 30.41% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 39023000 and GST compliance.
What products are classified under HSN 39023000 ?
It includes Propylene Copolymers
How should mixed supplies be billed when Propylene Copolymers is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Propylene Copolymers; Nil for exempt items if applicable).
How much GST applies to Propylene Copolymers?
Under HSN 39023000, Propylene Copolymers attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Do e‑way bill and e‑invoice apply for Propylene Copolymers?
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.
Any common misclassification issue with Propylene Copolymers?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Does packaging or labelling change the GST for Propylene Copolymers?
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.