HSN Code 39041020: Suspension Grade PVC Resin

HSN Code 39041020 represents Suspension Grade PVC Resin under GST classification. This code helps businesses identify Suspension Grade PVC Resin correctly for billing, taxation, and trade. With HSN Code 39041020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Suspension Grade PVC Resin.

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Description of Goods for HSN Code 39041020

HSN Code 39041020 relates to the following description.

Description of Goods

Poly (vinyl chloride), not mixed with any other substances: Suspension grade PVC resin

Chapter

39 - Plastics and articles thereof

Sub Chapter

3904 - Polymers of vinyl chlorideor of other halogenated olefins , in primary forms

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 39041020 not include?

Suspension Grade PVC Resin does not include products with the following descriptions.

HSN Code 39041010

Poly (vinyl chloride), not mixed with any other substances: Emulsion grade PVC resin / PVC Paste resin/ PVC dispersion resin

HSN Code 39042110

Polymers of vinyl chloride or of other halogenated olefins, in primary forms - other poly (vinyl chloride): non - plasticised:poly (vinyl chloride) resins

HSN Code 39042190

Polymers of vinyl chloride or of other halogenated olefins, in primary forms - other poly (vinyl chloride): non - plasticised:other

HSN Code 39042210

Polymers of vinyl chloride or of other halogenated olefins, in primary forms - other poly (vinyl chloride): plasticised: poly (vinyl chloride) (pvc) resins (emulsion grade)

HSN Code 39042290

Polymers of vinyl chloride or of other halogenated olefins, in primary forms - other poly (vinyl chloride): plasticised:other

HSN Code 39045010

Vinylidene chloride polymers: Copolymer of vinylidene chloride with acrylonitrite, in the form of expansible beads of a diameter of 4 micrometers or more but not more than 20 micrometers

HSN Code 39046910

Fluro-polymers : Other : Poly (vinyl fluoride), in one of the forms mentioned in Note 6(b) to this Chapter

HSN Code 39049000

Polymers of vinyl chloride or of other halogenated olefins, in primary forms - other

India’s Trade Performance — HSN Code 39041020 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

₹12 Cr

+113.57% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹17,951 Cr

+14.95% vs FY 2023-24

0.2955% of India’s total imports

Trade Balance

FY 2024-25

−₹17,939 Cr

Trade Deficit

Surplus rank #12626 of 12657 HSN codes

% of Sub-Chapter 3904

FY 2024-25

0.52%

Share of Sub-Chapter 3904’s total exports in FY 2024-25

Import side: 65.37% of Sub-Chapter 3904’s imports

Rank Within Sub-Chapter 3904

FY 2024-25

#7 of 20

Position by export value among HSN codes in Sub-Chapter 3904

Import-side rank: #1 of 20

At a glance

#5575

National Export Rank

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

+10,281.25%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.52%

Contribution to Sub-Ch. 3904

Share of Sub-Chapter 3904 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 3904

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 3904

FY 2019-20 Exp. Rank #6663

Balance

−7,071.20

Exports

2.56 ₹ Cr

0.0001% share

— YoY

0.25% of Sub-Ch. 3904

Imports

7,073.76 ₹ Cr

0.2113% share

— YoY

44.85% of Sub-Ch. 3904

FY 2020-21 Exp. Rank #1121

Balance

−8,425.04

Exports

265.76 ₹ Cr

0.0124% share

+10,281.25% YoY

18.29% of Sub-Ch. 3904

Imports

8,690.80 ₹ Cr

0.2983% share

+22.86% YoY

59.56% of Sub-Ch. 3904

FY 2021-22 Exp. Rank #1569

Balance

−13,647.78

Exports

217.70 ₹ Cr

0.0069% share

−18.08% YoY

10.99% of Sub-Ch. 3904

Imports

13,865.48 ₹ Cr

0.3034% share

+59.54% YoY

59.68% of Sub-Ch. 3904

FY 2022-23 Exp. Rank #5933

Balance

−16,628.47

Exports

7.90 ₹ Cr

0.0002% share

−96.37% YoY

0.33% of Sub-Ch. 3904

Imports

16,636.37 ₹ Cr

0.2894% share

+19.98% YoY

58.39% of Sub-Ch. 3904

FY 2023-24 Exp. Rank #6450

Balance

−15,610.95

Exports

5.60 ₹ Cr

0.0002% share

−29.11% YoY

0.27% of Sub-Ch. 3904

Imports

15,616.55 ₹ Cr

0.2781% share

−6.13% YoY

61.57% of Sub-Ch. 3904

FY 2024-25 Exp. Rank #5575

Balance

−17,939.44

Exports

11.96 ₹ Cr

0.0003% share

+113.57% YoY

0.52% of Sub-Ch. 3904

Imports

17,951.40 ₹ Cr

0.2955% share

+14.95% YoY

65.37% of Sub-Ch. 3904

Sub-Chapter 3904 total

reference, FY 2024-25

Export

₹2,309.14 Cr

Import

₹27,462.27 Cr

Trade Balance

−25,153.13

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 39041020 and GST compliance.

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.

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.