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HSN Code 39123921: Plasticised Ethylcellulose

HSN Code 39123921 represents Plasticised Ethylcellulose under GST classification. This code helps businesses identify Plasticised Ethylcellulose correctly for billing, taxation, and trade. With HSN Code 39123921, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Plasticised Ethylcellulose.

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Description of Goods for HSN Code 39123921

HSN Code 39123921 relates to the following description.

Description of Goods

Cellulose ethers: Other : Plascised : Ethyl cellulose

Chapter

39 - Plastics and articles thereof

Sub Chapter

3912 - Cellulose and its chemical derivatives ,not elsewhere specified or included ,in primary forms

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 39123921 not include?

Plasticised Ethylcellulose does not include products with the following descriptions.

HSN Code 39121130

Cellulose acetates : Non-plasticised: Cellulose acetobutyrate moulding powder

HSN Code 39122011

Cellulose nitrates (including collodions): Non-plasticised : Moulding powders

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India’s Trade Performance — HSN Code 39123921 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹2 Cr

+29.13% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹39 Cr

+71.67% vs FY 2024-25

0.0006% of India’s total imports

Trade Balance

FY 2025-26

−₹38 Cr

Trade Deficit

Surplus rank #10077 of 12872 HSN codes

% of Sub-Chapter 3912

FY 2025-26

0.09%

Share of Sub-Chapter 3912’s total exports in FY 2025-26

Import side: 0.69% of Sub-Chapter 3912’s imports

Rank Within Sub-Chapter 3912

FY 2025-26

#12 of 23

Position by export value among HSN codes in Sub-Chapter 3912

Import-side rank: #10 of 23

At a glance

17.20%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#7948

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+54.17%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.09%

Contribution to Sub-Ch. 3912

Share of Sub-Chapter 3912 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 39123921

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #8123

Balance

−2.89

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.10% of Sub-Ch. 3912

Imports

3.43 ₹ Cr

0.0001% share

— YoY

0.12% of Sub-Ch. 3912

FY 2019-20 Exp. Rank #7915

Balance

−5.14

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+33.33% YoY

0.13% of Sub-Ch. 3912

Imports

5.86 ₹ Cr

0.0002% share

+70.85% YoY

0.21% of Sub-Ch. 3912

FY 2020-21 Exp. Rank #7576

Balance

−17.19

Exports

1.11 ₹ Cr

0.0001% share

+54.17% YoY

0.15% of Sub-Ch. 3912

Imports

18.30 ₹ Cr

0.0006% share

+212.29% YoY

0.56% of Sub-Ch. 3912

FY 2021-22 Exp. Rank #8273

Balance

−16.53

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−34.23% YoY

0.08% of Sub-Ch. 3912

Imports

17.26 ₹ Cr

0.0004% share

−5.68% YoY

0.44% of Sub-Ch. 3912

FY 2022-23 Exp. Rank #8283

Balance

−30.12

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+10.96% YoY

0.07% of Sub-Ch. 3912

Imports

30.93 ₹ Cr

0.0005% share

+79.20% YoY

0.61% of Sub-Ch. 3912

FY 2023-24 Exp. Rank #8067

Balance

−18.02

Exports

1.22 ₹ Cr

0.0000% share

+50.62% YoY

0.10% of Sub-Ch. 3912

Imports

19.24 ₹ Cr

0.0003% share

−37.80% YoY

0.40% of Sub-Ch. 3912

FY 2024-25 Exp. Rank #8023

Balance

−21.57

Exports

1.27 ₹ Cr

0.0000% share

+4.10% YoY

0.08% of Sub-Ch. 3912

Imports

22.84 ₹ Cr

0.0004% share

+18.71% YoY

0.42% of Sub-Ch. 3912

FY 2025-26 Exp. Rank #7948

Balance

−37.57

Exports

1.64 ₹ Cr

0.0000% share

+29.13% YoY

0.09% of Sub-Ch. 3912

Imports

39.21 ₹ Cr

0.0006% share

+71.67% YoY

0.69% of Sub-Ch. 3912

CAGR · 8-Year

Exports

17.20% /yr

Imports

41.63% /yr

Consistently Deficit
Sub-Chapter 3912 total

reference, FY 2025-26

Export

₹1,892.02 Cr

Import

₹5,677.89 Cr

Trade Balance

−3,785.87

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

Key Trade Insights: HSN Code 39123921 Export-Import Analysis

Consistent Export Growth: 17.20% CAGR Over 8 Years

India's exports under HSN Code 39123921 have grown at a compound annual rate of 17.20% over 8 fiscal years, rising from ₹0.54 Crore in FY 2018-19 to ₹1.64 Crore in FY 2025-26.

HSN Code 39123921 Ranked #7948 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 39123921 ranks #7948 out of 12872 HSN codes by total export value. Within Sub-Chapter 3912, it ranks #12 of 23. By trade surplus, it ranks #10077 of 12872.

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 ₹37.57 Crore in HSN Code 39123921 Goods

In FY 2025-26, India's imports of ₹39.21 Cr exceeded exports of ₹1.64 Cr, resulting in a trade deficit of ₹37.57 Crore — ranking #10077 of 12872 by surplus magnitude.

Import Growth of 41.63% CAGR Signals Rising Demand for Plasticised Ethylcellulose

India's imports under HSN Code 39123921 have grown at 41.63% CAGR, reaching ₹39.21 Crore in FY 2025-26.

HSN Code 39123921 Contributes 0.09% of Sub-Chapter 3912 Exports — Ranked #12

Among the 23 HSN codes under Sub-Chapter 3912, HSN Code 39123921 ranks #12 by export value — accounting for 0.09% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.69% share (rank #10).

Frequently Asked Questions

Clear answers to common queries about HSN Code 39123921 and GST compliance.

What products are classified under HSN 39123921 ?

It includes Plasticised Ethylcellulose

How should mixed supplies be billed when Plasticised Ethylcellulose is sold with other items?

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

Any common misclassification issue with Plasticised Ethylcellulose?

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 Plasticised Ethylcellulose?

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 Plasticised Ethylcellulose?

Under HSN 39123921, Plasticised Ethylcellulose attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Plasticised Ethylcellulose?

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.

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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.