Consistent Export Growth: 6.70% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 3921 have grown at a compound annual rate of 6.70% over 7 fiscal years, rising from ₹2,427.91 Crore in FY 2018-19 to ₹3,583.32 Crore in FY 2024-25.
HSN Sub Chapter 3921 represents Plastic sheets and strips under GST classification. This code helps businesses identify Plastic sheets and strips correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 3921, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Plastic sheets and strips.
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GST Rate for Plastic sheets and strips under HSN Code 3921. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Plastic sheets and strips.
Tariff HSN
Description
Cellular : Of polymers of styrene
Tariff HSN
Description
Cellular : Of polymers of vinyl chloride
Tariff HSN
Description
Cellular : Of polyurethanes: Flexible
Tariff HSN
Description
Cellular : Of polyurethanes: Other
Tariff HSN
Description
Cellular : Of regenerated cellulose
Tariff HSN
Description
Cellular : Of other plastics
Tariff HSN
Description
Other :Thermocol
Tariff HSN
Description
Other :Of polymers of vinyl chloride : Rigid, lacquered
Tariff HSN
Description
Other :Of polymers of vinyl chloride : Flexible, lacquered
Tariff HSN
Description
Other :Of polymers of vinyl chloride : Rigid, metallised
Tariff HSN
Description
Other :Of polymers of vinyl chloride : Flexible, metallised
Tariff HSN
Description
Other :Of polymers of vinyl chloride : Rigid, laminated
Tariff HSN
Description
Other :Of polymers of vinyl chloride : Flexible, laminated
Tariff HSN
Description
Other :Of polymers of vinyl chloride : Other
Tariff HSN
Description
Other : Of regenerated cellulose : Rigid, lacquered
Tariff HSN
Description
Other : Of regenerated cellulose : Flexible, lacquered
Tariff HSN
Description
Other : Of regenerated cellulose : Rigid, metallised
Tariff HSN
Description
Other : Of regenerated cellulose : Flexible, metallised
Tariff HSN
Description
Other : Of regenerated cellulose : Rigid, laminated
Tariff HSN
Description
Other : Of regenerated cellulose : Flexible, laminated
Tariff HSN
Description
Other : Of regenerated cellulose : Other
Tariff HSN
Description
Other : Other : Rigid, lacquered
Tariff HSN
Description
Other : Other : Flexible, lacquered
Tariff HSN
Description
Other : Other : Rigid, metallised
Tariff HSN
Description
Other : Other : Flexible, metallised
Tariff HSN
Description
Other : Other : Rigid, laminated
Tariff HSN
Description
Other : Other : Flexible, laminated
Tariff HSN
Description
Other : Other : Other
India’s Exports
FY 2024-25₹3,583 Cr
0.0968% of India’s total exports
India’s Imports
FY 2024-25₹4,368 Cr
0.0716% of India’s total imports
Trade Balance
FY 2024-25−₹785 Cr
Surplus rank #930 of 1233 subchapters
% of Chapter 39
FY 2024-255.19%
Share of Chapter 39’s total exports in FY 2024-25
Import side: 2.34% of Chapter 39’s imports
Rank Within Chapter 39
FY 2024-25#7 of 26
Position by export value among subchapters in Chapter 39
Import-side rank: #13 of 26
At a glance
6.70%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#175
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+23.49%
Peak Growth Year
FY 2021-22 · strongest single-year move
5.19%
Contribution to Ch. 39
Share of Chapter 39 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+287.92
Exports
2,427.91 ₹ Cr
0.1058% share
— YoY
4.33% of Ch. 39
Imports
2,139.99 ₹ Cr
0.0596% share
— YoY
2.01% of Ch. 39
Balance
+116.75
Exports
2,435.20 ₹ Cr
0.1103% share
+0.30% YoY
4.97% of Ch. 39
Imports
2,318.45 ₹ Cr
0.0691% share
+8.34% YoY
2.30% of Ch. 39
Balance
−335.18
Exports
2,445.36 ₹ Cr
0.1137% share
+0.42% YoY
4.79% of Ch. 39
Imports
2,780.54 ₹ Cr
0.0954% share
+19.93% YoY
2.83% of Ch. 39
Balance
−826.26
Exports
3,019.69 ₹ Cr
0.0962% share
+23.49% YoY
4.48% of Ch. 39
Imports
3,845.95 ₹ Cr
0.0841% share
+38.32% YoY
2.58% of Ch. 39
Balance
−1,208.17
Exports
3,078.28 ₹ Cr
0.0850% share
+1.94% YoY
5.00% of Ch. 39
Imports
4,286.45 ₹ Cr
0.0746% share
+11.45% YoY
2.31% of Ch. 39
Balance
−1,299.70
Exports
2,990.64 ₹ Cr
0.0827% share
−2.85% YoY
4.89% of Ch. 39
Imports
4,290.34 ₹ Cr
0.0764% share
+0.09% YoY
2.37% of Ch. 39
Balance
−784.63
Exports
3,583.32 ₹ Cr
0.0968% share
+19.82% YoY
5.19% of Ch. 39
Imports
4,367.95 ₹ Cr
0.0716% share
+1.81% YoY
2.34% of Ch. 39
CAGR · 7-Year
Exports
6.70% /yr
Imports
12.63% /yr
reference, FY 2024-25
Export
₹69,000.07 Cr
Import
₹1,86,903.34 Cr
Trade Balance
−1,17,903.27
India's exports under HSN Sub-Chapter 3921 have grown at a compound annual rate of 6.70% over 7 fiscal years, rising from ₹2,427.91 Crore in FY 2018-19 to ₹3,583.32 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 3921 ranks #175 out of 1233 subchapters by total export value. Within Chapter 39, it ranks #7 of 26. By trade surplus, it ranks #930 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 3921 was recorded in FY 2021-22, when exports surged by 23.49% over the prior year.
In FY 2024-25, India's imports of ₹4,367.95 Cr exceeded exports of ₹3,583.32 Cr, resulting in a trade deficit of ₹784.63 Crore — ranking #930 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 3921 have grown at 12.63% CAGR, reaching ₹4,367.95 Crore in FY 2024-25.
Among the 26 subchapters under Chapter 39, HSN Sub-Chapter 3921 ranks #7 by export value — accounting for 5.19% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.34% share (rank #13).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 3921 and GST compliance.
It includes Plastic sheets and strips
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
Use a delivery challan for sending Plastic sheets and strips to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.