HSN Code 39231040: Packing Boxes for Connectors

HSN Code 39231040 represents Packing Boxes for Connectors under GST classification. This code helps businesses identify Packing Boxes for Connectors correctly for billing, taxation, and trade. With HSN Code 39231040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Packing Boxes for Connectors.

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Description of Goods for HSN Code 39231040

HSN Code 39231040 relates to the following description.

Description of Goods

Boxes, cases, crates and similar articles: Packing for accommodating connectors

Chapter

39 - Plastics and articles thereof

Sub Chapter

3923 - Baths, shower-baths, sinks, wash-basins, bidets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware, of plastics

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 39231040 not include?

Packing Boxes for Connectors does not include products with the following descriptions.

HSN Code 39231010

Boxes, cases, crates and similar articles: Plastic containers for audio or video cassettes, cassette tapes, floppy disk and similar articles

HSN Code 39231020

Boxes, cases, crates and similar articles: Watch-box, jewellery box and similar containers of plastics

HSN Code 39232910

Sacks and bags (including cones): Of other plastics: Of poly (vinyl chloride)

India’s Trade Performance — HSN Code 39231040 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

+46.88% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹14 Cr

+249.39% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹13 Cr

Trade Deficit

Surplus rank #9255 of 12657 HSN codes

% of Sub-Chapter 3923

FY 2024-25

0.01%

Share of Sub-Chapter 3923’s total exports in FY 2024-25

Import side: 0.43% of Sub-Chapter 3923’s imports

Rank Within Sub-Chapter 3923

FY 2024-25

#16 of 16

Position by export value among HSN codes in Sub-Chapter 3923

Import-side rank: #12 of 16

At a glance

27.38%

Export CAGR

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

#7927

National Export Rank

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

+158.33%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.01%

Contribution to Sub-Ch. 3923

Share of Sub-Chapter 3923 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 39231040

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 #8468

Balance

−1.28

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 3923

Imports

1.61 ₹ Cr

0.0000% share

— YoY

0.07% of Sub-Ch. 3923

FY 2019-20 Exp. Rank #8395

Balance

−4.88

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+18.18% YoY

0.01% of Sub-Ch. 3923

Imports

5.27 ₹ Cr

0.0002% share

+227.33% YoY

0.24% of Sub-Ch. 3923

FY 2020-21 Exp. Rank #8328

Balance

−8.10

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+12.82% YoY

0.01% of Sub-Ch. 3923

Imports

8.54 ₹ Cr

0.0003% share

+62.05% YoY

0.41% of Sub-Ch. 3923

FY 2021-22 Exp. Rank #9083

Balance

−9.07

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−45.45% YoY

0.00% of Sub-Ch. 3923

Imports

9.31 ₹ Cr

0.0002% share

+9.02% YoY

0.33% of Sub-Ch. 3923

FY 2022-23 Exp. Rank #8510

Balance

−5.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+158.33% YoY

0.01% of Sub-Ch. 3923

Imports

5.65 ₹ Cr

0.0001% share

−39.31% YoY

0.19% of Sub-Ch. 3923

FY 2023-24 Exp. Rank #8281

Balance

−3.15

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+54.84% YoY

0.01% of Sub-Ch. 3923

Imports

4.11 ₹ Cr

0.0001% share

−27.26% YoY

0.14% of Sub-Ch. 3923

FY 2024-25 Exp. Rank #7927

Balance

−12.95

Exports

1.41 ₹ Cr

0.0000% share

+46.88% YoY

0.01% of Sub-Ch. 3923

Imports

14.36 ₹ Cr

0.0002% share

+249.39% YoY

0.43% of Sub-Ch. 3923

CAGR · 7-Year

Exports

27.38% /yr

Imports

44.01% /yr

Consistently Deficit
Sub-Chapter 3923 total

reference, FY 2024-25

Export

₹9,898.33 Cr

Import

₹3,376.00 Cr

Trade Balance

+6,522.33

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

Key Trade Insights: HSN Code 39231040 Export-Import Analysis

Consistent Export Growth: 27.38% CAGR Over 7 Years

India's exports under HSN Code 39231040 have grown at a compound annual rate of 27.38% over 7 fiscal years, rising from ₹0.33 Crore in FY 2018-19 to ₹1.41 Crore in FY 2024-25.

HSN Code 39231040 Ranked #7927 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 39231040 ranks #7927 out of 12657 HSN codes by total export value. Within Sub-Chapter 3923, it ranks #16 of 16. By trade surplus, it ranks #9255 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 39231040 Exports

The strongest single-year export movement for HSN Code 39231040 was recorded in FY 2022-23, when exports surged by 158.33% over the prior year.

India Records a Trade Deficit of ₹12.95 Crore in HSN Code 39231040 Goods

In FY 2024-25, India's imports of ₹14.36 Cr exceeded exports of ₹1.41 Cr, resulting in a trade deficit of ₹12.95 Crore — ranking #9255 of 12657 by surplus magnitude.

Import Growth of 44.01% CAGR Signals Rising Demand for Packing Boxes for Connectors

India's imports under HSN Code 39231040 have grown at 44.01% CAGR, reaching ₹14.36 Crore in FY 2024-25.

HSN Code 39231040 Contributes 0.01% of Sub-Chapter 3923 Exports — Ranked #16

Among the 16 HSN codes under Sub-Chapter 3923, HSN Code 39231040 ranks #16 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.43% share (rank #12).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 39231040 and GST compliance.

What products are classified under HSN 39231040 ?

It includes Packing Boxes for Connectors

Does packaging or labelling change the GST for Packing Boxes for Connectors?

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 Packing Boxes for Connectors?

Under HSN 39231040, Packing Boxes for Connectors attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Packing Boxes for Connectors?

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 Packing Boxes for Connectors?

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 Packing Boxes for Connectors?

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.