---
title: "HSN Code for Cellulose ethers: Ethyl cellulose | HSN 39123921 GST Rate"
description: "Find HSN and GST Rates for 39123921 related to Cellulose ethers: Ethyl cellulose with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-39123921/"
---

# HSN Code 39123921: Cellulose ethers: Ethyl cellulose

- [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 3912: Cellulose & derivatives](https://busy.in/hsn/sub-chapter-3912/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Cellulose ethers: Other : Plascised : Ethyl cellulose | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 39123921 ?

It includes Cellulose ethers: Ethyl cellulose

### How should mixed supplies be billed when Cellulose ethers: Ethyl cellulose is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cellulose ethers: Ethyl cellulose; Nil for exempt items if applicable).

### Any common misclassification issue with Cellulose ethers: Ethyl cellulose?

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

### Can we claim ITC on inputs used to trade Cellulose ethers: Ethyl cellulose?

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

### How much GST applies to Cellulose ethers: Ethyl cellulose?

Under HSN 39123921, Cellulose ethers: Ethyl cellulose attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for Cellulose ethers: Ethyl cellulose?

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.

## India's trade performance: HSN Code 39123921 (FY 2024-25)

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

- Exports: ₹1 Cr (+4.10% YoY) — 0.0000% of India's total exports
- Imports: ₹23 Cr (+18.71% YoY) — 0.0004% of India's total imports
- Trade balance: −₹22 Cr (Deficit); surplus rank #9600 of 12657 HSN codes
- Share of Sub-Chapter 3912: 0.08% of its exports; import side 0.42%
- Rank within Sub-Chapter 3912: #13 of 23 by export value; import-side #11

### Key metrics

- Export CAGR: 15.32% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #8023 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +54.17% in FY 2020-21
- Contribution to Sub-Ch. 3912: 0.08% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 39123921

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. 3912 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3912 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.10% | 3.43 | 0.0001% | — | 0.12% | −2.89 | #8123 |
| FY 2019-20 | < ₹1 Crore | 0.0000% | +33.33% | 0.13% | 5.86 | 0.0002% | +70.85% | 0.21% | −5.14 | #7915 |
| FY 2020-21 | 1.11 | 0.0001% | +54.17% | 0.15% | 18.30 | 0.0006% | +212.29% | 0.56% | −17.19 | #7576 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | −34.23% | 0.08% | 17.26 | 0.0004% | −5.68% | 0.44% | −16.53 | #8273 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | +10.96% | 0.07% | 30.93 | 0.0005% | +79.20% | 0.61% | −30.12 | #8283 |
| FY 2023-24 | 1.22 | 0.0000% | +50.62% | 0.10% | 19.24 | 0.0003% | −37.80% | 0.40% | −18.02 | #8067 |
| FY 2024-25 | 1.27 | 0.0000% | +4.10% | 0.08% | 22.84 | 0.0004% | +18.71% | 0.42% | −21.57 | #8023 |

- CAGR (7-year): exports 15.32%/yr, imports 37.16%/yr (consistently Deficit)

## Key trade insights: HSN Code 39123921 export-import analysis

### Consistent export growth: 15.32% CAGR over 7 years

India's exports under HSN Code 39123921 have grown at a compound annual rate of 15.32% over 7 fiscal years, rising from ₹0.54 Crore in FY 2018-19 to ₹1.27 Crore in FY 2024-25.

### HSN Code 39123921 ranked #8023 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 39123921 ranks #8023 out of 12657 HSN codes by total export value. Within Sub-Chapter 3912, it ranks #13 of 23. By trade surplus, it ranks #9600 of 12657.

### FY 2020-21 was the strongest growth year for HSN Code 39123921 exports

The strongest single-year export movement for HSN Code 39123921 was recorded in FY 2020-21, when exports surged by 54.17% over the prior year.

### India records a trade deficit of ₹21.57 Crore in HSN Code 39123921 goods

In FY 2024-25, India's imports of ₹22.84 Cr exceeded exports of ₹1.27 Cr, resulting in a trade deficit of ₹21.57 Crore — ranking #9600 of 12657 by surplus magnitude.

### Import growth of 37.16% CAGR signals rising demand for Cellulose ethers: Ethyl cellulose

India's imports under HSN Code 39123921 have grown at 37.16% CAGR, reaching ₹22.84 Crore in FY 2024-25.

### HSN Code 39123921 contributes 0.08% of Sub-Chapter 3912 exports — ranked #13

Among the 23 HSN codes under Sub-Chapter 3912, HSN Code 39123921 ranks #13 by export value — accounting for 0.08% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.42% share (rank #11).

## Related HSN Codes in Sub-Chapter 3912

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 39129090: Other cellulose and chemical derivatives in primary forms](https://busy.in/hsn/hsn-39129090/) | ₹1,021 Cr |
| #2 | [HSN Code 39123100: Carboxymethyl cellulose and salts](https://busy.in/hsn/hsn-39123100/) | ₹123 Cr |
| #3 | [HSN Code 39122029: Cellulose nitrates: Plasticised](https://busy.in/hsn/hsn-39122029/) | ₹107 Cr |
| #4 | [HSN Code 39123919: Non-plasticized cellulose ethers](https://busy.in/hsn/hsn-39123919/) | ₹104 Cr |
| #5 | [HSN Code 39122019: Non-plasticised cellulose nitrates](https://busy.in/hsn/hsn-39122019/) | ₹90 Cr |
| #6 | [HSN Code 39123929: Cellulose ethers: Other](https://busy.in/hsn/hsn-39123929/) | ₹22 Cr |
| #7 | [HSN Code 39123911: Ethylcellulose, non-plasticized](https://busy.in/hsn/hsn-39123911/) | ₹21 Cr |
| #8 | [HSN Code 39121190: Cellulose acetates : Non-plasticised: Other](https://busy.in/hsn/hsn-39121190/) | ₹9 Cr |
| #9 | [HSN Code 39129010: Cellulose propionate](https://busy.in/hsn/hsn-39129010/) | ₹6 Cr |
| #10 | [HSN Code 39123922: Methyl cellulose](https://busy.in/hsn/hsn-39123922/) | ₹4 Cr |
| #13 | HSN Code 39123921: Cellulose ethers: Ethyl cellulose (this hsn code) | ₹1 Cr |