HSN Code 39061010: Binders for pigments or inks

HSN Code 39061010 represents Binders for pigments or inks under GST classification. This code helps businesses identify Binders for pigments or inks correctly for billing, taxation, and trade. With HSN Code 39061010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Binders for pigments or inks.

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Description of Goods for HSN Code 39061010

HSN Code 39061010 relates to the following description.

Description of Goods

Poly (methyl methacrylate): Binders for pigments or inks

Chapter

39 - Plastics and articles thereof

Sub Chapter

3906 - Acrylic polymers in primary forms

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 39061010 not include?

Binders for pigments or inks does not include products with the following descriptions.

India’s Trade Performance — HSN Code 39061010 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

+147.77% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹10 Cr

+58.27% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹6 Cr

Trade Deficit

Surplus rank #8717 of 12657 HSN codes

% of Sub-Chapter 3906

FY 2024-25

0.18%

Share of Sub-Chapter 3906’s total exports in FY 2024-25

Import side: 0.15% of Sub-Chapter 3906’s imports

Rank Within Sub-Chapter 3906

FY 2024-25

#5 of 10

Position by export value among HSN codes in Sub-Chapter 3906

Import-side rank: #7 of 10

At a glance

15.37%

Export CAGR

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

#6912

National Export Rank

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

+147.77%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.18%

Contribution to Sub-Ch. 3906

Share of Sub-Chapter 3906 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 39061010

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 #7144

Balance

−3.84

Exports

1.65 ₹ Cr

0.0001% share

— YoY

0.22% of Sub-Ch. 3906

Imports

5.49 ₹ Cr

0.0002% share

— YoY

0.12% of Sub-Ch. 3906

FY 2019-20 Exp. Rank #6670

Balance

−5.41

Exports

2.55 ₹ Cr

0.0001% share

+54.55% YoY

0.35% of Sub-Ch. 3906

Imports

7.96 ₹ Cr

0.0002% share

+44.99% YoY

0.20% of Sub-Ch. 3906

FY 2020-21 Exp. Rank #7398

Balance

−2.19

Exports

1.33 ₹ Cr

0.0001% share

−47.84% YoY

0.14% of Sub-Ch. 3906

Imports

3.52 ₹ Cr

0.0001% share

−55.78% YoY

0.09% of Sub-Ch. 3906

FY 2021-22 Exp. Rank #6959

Balance

−4.87

Exports

2.82 ₹ Cr

0.0001% share

+112.03% YoY

0.14% of Sub-Ch. 3906

Imports

7.69 ₹ Cr

0.0002% share

+118.47% YoY

0.14% of Sub-Ch. 3906

FY 2022-23 Exp. Rank #7815

Balance

−2.62

Exports

1.38 ₹ Cr

0.0000% share

−51.06% YoY

0.08% of Sub-Ch. 3906

Imports

4.00 ₹ Cr

0.0001% share

−47.98% YoY

0.06% of Sub-Ch. 3906

FY 2023-24 Exp. Rank #7817

Balance

−4.66

Exports

1.57 ₹ Cr

0.0000% share

+13.77% YoY

0.09% of Sub-Ch. 3906

Imports

6.23 ₹ Cr

0.0001% share

+55.75% YoY

0.10% of Sub-Ch. 3906

FY 2024-25 Exp. Rank #6912

Balance

−5.97

Exports

3.89 ₹ Cr

0.0001% share

+147.77% YoY

0.18% of Sub-Ch. 3906

Imports

9.86 ₹ Cr

0.0002% share

+58.27% YoY

0.15% of Sub-Ch. 3906

CAGR · 7-Year

Exports

15.37% /yr

Imports

10.25% /yr

Consistently Deficit
Sub-Chapter 3906 total

reference, FY 2024-25

Export

₹2,191.92 Cr

Import

₹6,713.45 Cr

Trade Balance

−4,521.53

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

Key Trade Insights: HSN Code 39061010 Export-Import Analysis

Consistent Export Growth: 15.37% CAGR Over 7 Years

India's exports under HSN Code 39061010 have grown at a compound annual rate of 15.37% over 7 fiscal years, rising from ₹1.65 Crore in FY 2018-19 to ₹3.89 Crore in FY 2024-25.

HSN Code 39061010 Ranked #6912 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 39061010 ranks #6912 out of 12657 HSN codes by total export value. Within Sub-Chapter 3906, it ranks #5 of 10. By trade surplus, it ranks #8717 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 39061010 Exports

The strongest single-year export movement for HSN Code 39061010 was recorded in FY 2024-25, when exports surged by 147.77% over the prior year.

India Records a Trade Deficit of ₹5.97 Crore in HSN Code 39061010 Goods

In FY 2024-25, India's imports of ₹9.86 Cr exceeded exports of ₹3.89 Cr, resulting in a trade deficit of ₹5.97 Crore — ranking #8717 of 12657 by surplus magnitude.

Import Growth of 10.25% CAGR Signals Rising Demand for Binders for pigments or inks

India's imports under HSN Code 39061010 have grown at 10.25% CAGR, reaching ₹9.86 Crore in FY 2024-25.

HSN Code 39061010 Contributes 0.18% of Sub-Chapter 3906 Exports — Ranked #5

Among the 10 HSN codes under Sub-Chapter 3906, HSN Code 39061010 ranks #5 by export value — accounting for 0.18% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.15% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 39061010 and GST compliance.

What products are classified under HSN 39061010 ?

It includes Binders for pigments or inks

Any common misclassification issue with Binders for pigments or inks?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Binders for pigments or inks is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Binders for pigments or inks; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Binders for pigments or inks?

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 Binders for pigments or inks?

Under HSN 39061010, Binders for pigments or inks attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Binders for pigments or inks?

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.