--- title: "HSN Code for Phenolic Resins | Ketonic Resins | HSN 39094040 GST Rate" description: "Find HSN and GST Rates for 39094040 related to Phenolic Resins | Ketonic Resins with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-39094040/" --- # HSN Code 39094040: Phenolic Resins | Ketonic Resins - [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 3909: Primary amino-resins](https://busy.in/hsn/sub-chapter-3909/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Phenolic resins : Ketonic resins | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 39094040 ? It includes Phenolic Resins | Ketonic Resins ### Does packaging or labelling change the GST for Phenolic Resins / Ketonic Resins? 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. ### Do e‑way bill and e‑invoice apply for Phenolic Resins / Ketonic Resins? 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 Phenolic Resins / Ketonic Resins? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Phenolic Resins / Ketonic Resins? Under HSN 39094040, Phenolic Resins / Ketonic Resins attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Phenolic Resins / Ketonic Resins? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 39094040 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹124 Cr (+24.57% YoY) — 0.0034% of India's total exports - Imports: ₹10 Cr (−16.62% YoY) — 0.0002% of India's total imports - Trade balance: ₹114 Cr (Surplus); surplus rank #1513 of 12657 HSN codes - Share of Sub-Chapter 3909: 6.85% of its exports; import side 0.12% - Rank within Sub-Chapter 3909: #6 of 17 by export value; import-side #11 ### Key metrics - Export CAGR: 2.27% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2397 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +48.90% in FY 2021-22 - Contribution to Sub-Ch. 3909: 6.85% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 39094040 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. 3909 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3909 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 108.15 | 0.0047% | — | 10.01% | 25.69 | 0.0007% | — | 0.55% | +82.46 | #1919 | | FY 2019-20 | 92.40 | 0.0042% | −14.56% | 8.91% | 28.54 | 0.0009% | +11.09% | 0.71% | +63.86 | #2099 | | FY 2020-21 | 67.26 | 0.0031% | −27.21% | 6.75% | 14.94 | 0.0005% | −47.65% | 0.37% | +52.32 | #2531 | | FY 2021-22 | 100.15 | 0.0032% | +48.90% | 7.02% | 19.53 | 0.0004% | +30.72% | 0.32% | +80.62 | #2409 | | FY 2022-23 | 102.14 | 0.0028% | +1.99% | 5.84% | 19.94 | 0.0003% | +2.10% | 0.27% | +82.20 | #2500 | | FY 2023-24 | 99.36 | 0.0027% | −2.72% | 5.85% | 11.55 | 0.0002% | −42.08% | 0.17% | +87.81 | #2589 | | FY 2024-25 | 123.77 | 0.0034% | +24.57% | 6.85% | 9.63 | 0.0002% | −16.62% | 0.12% | +114.14 | #2397 | - CAGR (7-year): exports 2.27%/yr, imports -15.09%/yr (consistently Surplus) ## Key trade insights: HSN Code 39094040 export-import analysis ### Consistent export growth: 2.27% CAGR over 7 years India's exports under HSN Code 39094040 have grown at a compound annual rate of 2.27% over 7 fiscal years, rising from ₹108.15 Crore in FY 2018-19 to ₹123.77 Crore in FY 2024-25. ### HSN Code 39094040 ranked #2397 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 39094040 ranks #2397 out of 12657 HSN codes by total export value. Within Sub-Chapter 3909, it ranks #6 of 17. By trade surplus, it ranks #1513 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 39094040 exports The strongest single-year export movement for HSN Code 39094040 was recorded in FY 2021-22, when exports surged by 48.90% over the prior year. ### India maintains a trade surplus of ₹114.14 Crore in HSN Code 39094040 goods In FY 2024-25, India's exports of ₹123.77 Cr exceeded imports of ₹9.63 Cr, resulting in a trade surplus of ₹114.14 Crore — ranking #1513 of 12657 by surplus magnitude. ### Import growth of -15.09% CAGR signals stable import dependency for Phenolic Resins | Ketonic Resins India's imports under HSN Code 39094040 have grown at -15.09% CAGR, reaching ₹9.63 Crore in FY 2024-25. ### HSN Code 39094040 contributes 6.85% of Sub-Chapter 3909 exports — ranked #6 Among the 17 HSN codes under Sub-Chapter 3909, HSN Code 39094040 ranks #6 by export value — accounting for 6.85% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.12% share (rank #11). ## Related HSN Codes in Sub-Chapter 3909 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 39095000: Polyurethanes](https://busy.in/hsn/hsn-39095000/) | ₹718 Cr | | #2 | [HSN Code 39094090: Phenolic Resins \|Other](https://busy.in/hsn/hsn-39094090/) | ₹207 Cr | | #3 | [HSN Code 39094030: Phenolic resins](https://busy.in/hsn/hsn-39094030/) | ₹195 Cr | | #4 | [HSN Code 39094020: Phenolic resins : Phenol formaldehyde resins](https://busy.in/hsn/hsn-39094020/) | ₹173 Cr | | #5 | [HSN Code 39092010: Melamine resins : Melamine formaldehyde resins](https://busy.in/hsn/hsn-39092010/) | ₹140 Cr | | #6 | HSN Code 39094040: Phenolic Resins \| Ketonic Resins (this hsn code) | ₹124 Cr | | #7 | [HSN Code 39093100: Polymeric MDI (Crude/Polymeric)](https://busy.in/hsn/hsn-39093100/) | ₹110 Cr | | #8 | [HSN Code 39092090: Melamine Resins \| Other](https://busy.in/hsn/hsn-39092090/) | ₹53 Cr | | #9 | [HSN Code 39091010: Urea formaldehyde resins](https://busy.in/hsn/hsn-39091010/) | ₹26 Cr | | #10 | [HSN Code 39091090: Urea Resins; Thiourea Resins \| Other](https://busy.in/hsn/hsn-39091090/) | ₹24 Cr |