---
title: "HSN Code for Suspension Grade PVC Resin | HSN 39041020 GST Rate"
description: "Find HSN and GST Rates for 39041020 related to Suspension Grade PVC Resin with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-39041020/"
---

# HSN Code 39041020: Suspension Grade PVC Resin

- [Section 07: Guide to HSN Section 07](https://busy.in/hsn/section-07/)
- [Chapter 39: Plastics and Articles Thereof](https://busy.in/hsn/chapter-39/)
- [Sub-chapter 3904: Vinyl polymers](https://busy.in/hsn/sub-chapter-3904/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Poly (vinyl chloride), not mixed with any other substances: Suspension grade PVC resin | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 39041020 ?

It includes Suspension Grade PVC Resin

### Can we claim ITC on inputs used to trade Suspension Grade PVC Resin?

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

### How should mixed supplies be billed when Suspension Grade PVC Resin is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Suspension Grade PVC Resin; Nil for exempt items if applicable).

### Do e‑way bill and e‑invoice apply for Suspension Grade PVC Resin?

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 Suspension Grade PVC Resin?

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 Suspension Grade PVC Resin?

Under HSN 39041020, Suspension Grade PVC Resin attracts Varies when sold in taxable form. Describe the exact form on the invoice.

## India's trade performance: HSN Code 39041020 (FY 2024-25)

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

- Exports: ₹12 Cr (+113.57% YoY) — 0.0003% of India's total exports
- Imports: ₹17,951 Cr (+14.95% YoY) — 0.2955% of India's total imports
- Trade balance: −₹17,939 Cr (Deficit); surplus rank #12626 of 12657 HSN codes
- Share of Sub-Chapter 3904: 0.52% of its exports; import side 65.37%
- Rank within Sub-Chapter 3904: #7 of 20 by export value; import-side #1

### Key metrics

- National export rank: #5575 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +10,281.25% in FY 2020-21
- Contribution to Sub-Ch. 3904: 0.52% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 39041020

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. 3904 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3904 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — |
| FY 2019-20 | 2.56 | 0.0001% | — | 0.25% | 7,073.76 | 0.2113% | — | 44.85% | −7,071.20 | #6663 |
| FY 2020-21 | 265.76 | 0.0124% | +10,281.25% | 18.29% | 8,690.80 | 0.2983% | +22.86% | 59.56% | −8,425.04 | #1121 |
| FY 2021-22 | 217.70 | 0.0069% | −18.08% | 10.99% | 13,865.48 | 0.3034% | +59.54% | 59.68% | −13,647.78 | #1569 |
| FY 2022-23 | 7.90 | 0.0002% | −96.37% | 0.33% | 16,636.37 | 0.2894% | +19.98% | 58.39% | −16,628.47 | #5933 |
| FY 2023-24 | 5.60 | 0.0002% | −29.11% | 0.27% | 15,616.55 | 0.2781% | −6.13% | 61.57% | −15,610.95 | #6450 |
| FY 2024-25 | 11.96 | 0.0003% | +113.57% | 0.52% | 17,951.40 | 0.2955% | +14.95% | 65.37% | −17,939.44 | #5575 |

## Key trade insights: HSN Code 39041020 export-import analysis

### Export snapshot for HSN Code 39041020

India exported ₹11.96 Crore worth of Suspension Grade PVC Resin in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

### HSN Code 39041020 ranked #5575 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 39041020 ranks #5575 out of 12657 HSN codes by total export value. Within Sub-Chapter 3904, it ranks #7 of 20. By trade surplus, it ranks #12626 of 12657.

### FY 2020-21 was the strongest growth year for HSN Code 39041020 exports

The strongest single-year export movement for HSN Code 39041020 was recorded in FY 2020-21, when exports surged by 10,281.25% over the prior year.

### India records a trade deficit of ₹17,939.44 Crore in HSN Code 39041020 goods

In FY 2024-25, India's imports of ₹17,951.40 Cr exceeded exports of ₹11.96 Cr, resulting in a trade deficit of ₹17,939.44 Crore — ranking #12626 of 12657 by surplus magnitude.

### HSN Code 39041020 contributes 0.52% of Sub-Chapter 3904 exports — ranked #7

Among the 20 HSN codes under Sub-Chapter 3904, HSN Code 39041020 ranks #7 by export value — accounting for 0.52% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 65.37% share (rank #1).

## Related HSN Codes in Sub-Chapter 3904

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 39046100: Polytetrafluoroethylene](https://busy.in/hsn/hsn-39046100/) | ₹1,094 Cr |
| #2 | [HSN Code 39046990: Other Fluoropolymers](https://busy.in/hsn/hsn-39046990/) | ₹888 Cr |
| #3 | [HSN Code 39042200: Pvc\| Plasticised](https://busy.in/hsn/hsn-39042200/) | ₹246 Cr |
| #4 | [HSN Code 39049090: Halogenated Olefin Polymers in Primary Form – Other](https://busy.in/hsn/hsn-39049090/) | ₹18 Cr |
| #5 | [HSN Code 39041090: Polyvinyl chloride, not mixed](https://busy.in/hsn/hsn-39041090/) | ₹14 Cr |
| #6 | [HSN Code 39046910: Poly (Vinyl Fluoride)](https://busy.in/hsn/hsn-39046910/) | ₹14 Cr |
| #7 | HSN Code 39041020: Suspension Grade PVC Resin (this hsn code) | ₹12 Cr |
| #8 | [HSN Code 39043090: Vinyl chloride-vinyl acetate copolymers : Other](https://busy.in/hsn/hsn-39043090/) | ₹8 Cr |
| #9 | [HSN Code 39043010: Vinyl chloride copolymers](https://busy.in/hsn/hsn-39043010/) | ₹7 Cr |
| #10 | [HSN Code 39042100: Other poly (vinyl chloride) : Non-plasticised](https://busy.in/hsn/hsn-39042100/) | ₹4 Cr |