HSN Code 39123921: Cellulose ethers: Ethyl cellulose

HSN Code 39123921 represents Cellulose ethers: Ethyl cellulose under GST classification. This code helps businesses identify Cellulose ethers: Ethyl cellulose 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 Cellulose ethers: Ethyl cellulose.

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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?

Cellulose ethers: Ethyl cellulose 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

India’s Trade Performance — HSN Code 39123921 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

₹1 Cr

+4.10% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹23 Cr

+18.71% vs FY 2023-24

0.0004% of India’s total imports

Trade Balance

FY 2024-25

−₹22 Cr

Trade Deficit

Surplus rank #9600 of 12657 HSN codes

% of Sub-Chapter 3912

FY 2024-25

0.08%

Share of Sub-Chapter 3912’s total exports in FY 2024-25

Import side: 0.42% of Sub-Chapter 3912’s imports

Rank Within Sub-Chapter 3912

FY 2024-25

#13 of 23

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

Import-side rank: #11 of 23

At a glance

15.32%

Export CAGR

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

#8023

National Export Rank

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

+54.17%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.08%

Contribution to Sub-Ch. 3912

Share of Sub-Chapter 3912 exports in FY 2024-25

India Export-Import Trade Statistics for 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 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

CAGR · 7-Year

Exports

15.32% /yr

Imports

37.16% /yr

Consistently Deficit
Sub-Chapter 3912 total

reference, FY 2024-25

Export

₹1,513.33 Cr

Import

₹5,488.05 Cr

Trade Balance

−3,974.72

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: 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).

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Frequently Asked Questions

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

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.

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.