HSN CODE - 38231200 : OLEIC ACID

Harmonised System of Nomenclature (HSN Codes) 38231200 are used for the OLEIC ACID products under Goods and Service Tax classification.

India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.

Understanding HSN Code 38231200

First two digits (38) represent the chapter number which is Chapter 38 - Miscellaneous chemical products.

Next two digits (23) represent the heading number which is INDUSTRIAL MONOCARBOXYLIC FATTY ACIDS; ACID OILS FROM REFINING; INDUSTRIAL FATTY ALCOHOLS

Next two digits (12) represent the product code which is Palm stearin

Last two digits (00) are for final or deeper classification which is OLEIC ACID

All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.