HSN Code 34031900: Other Petroleum Oil Preparations

HSN Code 34031900 represents Other Petroleum Oil Preparations under GST classification. This code helps businesses identify Other Petroleum Oil Preparations correctly for billing, taxation, and trade. With HSN Code 34031900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Petroleum Oil Preparations.

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Description of Goods for HSN Code 34031900

HSN Code 34031900 relates to the following description.

Description of Goods

Containing petroleum oils or oils obtained from bituminous minerals : Other

Chapter

34 - Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, “dental waxes” and dental preparations with a basis of plaster

Sub Chapter

3403 - lubricating preparations (including cuttingoil preparations, bolt or nut release preparations, anti-rust or anti-corrosion preparations and mould release preparations,based on lubricants) and preparations of a kind used for the oil or grease treatment of textile materials, leather,furskins or other materials, but excluding preparations containing, as basic constituents,70 % or more by weight of petroleum oils or of oils obtained from bituminous minerals

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 34031900 not include?

Other Petroleum Oil Preparations does not include products with the following descriptions.

HSN Code 34031100

Containing petroleum oils or oils obtained from bituminous minerals : Preparations for the treatment of textile materials, leather, furskins or other materials

HSN Code 34039100

Other : Preparations for the treatment of textile materials, leather, furskins or other materials

India’s Trade Performance — HSN Code 34031900 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

₹259 Cr

+65.47% vs FY 2023-24

0.0070% of India’s total exports

India’s Imports

FY 2024-25

₹912 Cr

+7.33% vs FY 2023-24

0.0150% of India’s total imports

Trade Balance

FY 2024-25

−₹652 Cr

Trade Deficit

Surplus rank #12038 of 12657 HSN codes

% of Sub-Chapter 3403

FY 2024-25

41.21%

Share of Sub-Chapter 3403’s total exports in FY 2024-25

Import side: 24.77% of Sub-Chapter 3403’s imports

Rank Within Sub-Chapter 3403

FY 2024-25

#2 of 4

Position by export value among HSN codes in Sub-Chapter 3403

Import-side rank: #2 of 4

At a glance

22.11%

Export CAGR

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

#1591

National Export Rank

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

+65.47%

Peak Growth Year

FY 2024-25 · strongest single-year move

41.21%

Contribution to Sub-Ch. 3403

Share of Sub-Chapter 3403 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 34031900

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 #2290

Balance

−460.56

Exports

78.25 ₹ Cr

0.0034% share

— YoY

32.39% of Sub-Ch. 3403

Imports

538.81 ₹ Cr

0.0150% share

— YoY

22.44% of Sub-Ch. 3403

FY 2019-20 Exp. Rank #2752

Balance

−379.26

Exports

54.89 ₹ Cr

0.0025% share

−29.85% YoY

26.07% of Sub-Ch. 3403

Imports

434.15 ₹ Cr

0.0130% share

−19.42% YoY

19.65% of Sub-Ch. 3403

FY 2020-21 Exp. Rank #2605

Balance

−425.18

Exports

63.30 ₹ Cr

0.0029% share

+15.32% YoY

29.43% of Sub-Ch. 3403

Imports

488.48 ₹ Cr

0.0168% share

+12.51% YoY

23.52% of Sub-Ch. 3403

FY 2021-22 Exp. Rank #2901

Balance

−747.99

Exports

68.47 ₹ Cr

0.0022% share

+8.17% YoY

25.37% of Sub-Ch. 3403

Imports

816.46 ₹ Cr

0.0179% share

+67.14% YoY

27.74% of Sub-Ch. 3403

FY 2022-23 Exp. Rank #2492

Balance

−780.07

Exports

102.63 ₹ Cr

0.0028% share

+49.89% YoY

26.73% of Sub-Ch. 3403

Imports

882.70 ₹ Cr

0.0154% share

+8.11% YoY

24.99% of Sub-Ch. 3403

FY 2023-24 Exp. Rank #2059

Balance

−692.75

Exports

156.77 ₹ Cr

0.0043% share

+52.75% YoY

29.93% of Sub-Ch. 3403

Imports

849.52 ₹ Cr

0.0151% share

−3.76% YoY

24.20% of Sub-Ch. 3403

FY 2024-25 Exp. Rank #1591

Balance

−652.40

Exports

259.40 ₹ Cr

0.0070% share

+65.47% YoY

41.21% of Sub-Ch. 3403

Imports

911.80 ₹ Cr

0.0150% share

+7.33% YoY

24.77% of Sub-Ch. 3403

CAGR · 7-Year

Exports

22.11% /yr

Imports

9.16% /yr

Consistently Deficit
Sub-Chapter 3403 total

reference, FY 2024-25

Export

₹629.44 Cr

Import

₹3,681.16 Cr

Trade Balance

−3,051.72

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

Key Trade Insights: HSN Code 34031900 Export-Import Analysis

Consistent Export Growth: 22.11% CAGR Over 7 Years

India's exports under HSN Code 34031900 have grown at a compound annual rate of 22.11% over 7 fiscal years, rising from ₹78.25 Crore in FY 2018-19 to ₹259.40 Crore in FY 2024-25.

HSN Code 34031900 Ranked #1591 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 34031900 ranks #1591 out of 12657 HSN codes by total export value. Within Sub-Chapter 3403, it ranks #2 of 4. By trade surplus, it ranks #12038 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 34031900 Exports

The strongest single-year export movement for HSN Code 34031900 was recorded in FY 2024-25, when exports surged by 65.47% over the prior year.

India Records a Trade Deficit of ₹652.40 Crore in HSN Code 34031900 Goods

In FY 2024-25, India's imports of ₹911.80 Cr exceeded exports of ₹259.40 Cr, resulting in a trade deficit of ₹652.40 Crore — ranking #12038 of 12657 by surplus magnitude.

Import Growth of 9.16% CAGR Signals Stable Import Dependency for Other Petroleum Oil Preparations

India's imports under HSN Code 34031900 have grown at 9.16% CAGR, reaching ₹911.80 Crore in FY 2024-25.

HSN Code 34031900 Contributes 41.21% of Sub-Chapter 3403 Exports — Ranked #2

Among the 4 HSN codes under Sub-Chapter 3403, HSN Code 34031900 ranks #2 by export value — accounting for 41.21% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 24.77% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 34031900 and GST compliance.

What products are classified under HSN 34031900 ?

It includes Other Petroleum Oil Preparations

Can we claim ITC on inputs used to trade Other Petroleum Oil Preparations?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Does packaging or labelling change the GST for Other Petroleum Oil Preparations?

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 should mixed supplies be billed when Other Petroleum Oil Preparations is sold with other items?

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

How much GST applies to Other Petroleum Oil Preparations?

Under HSN 34031900, Other Petroleum Oil Preparations attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Other Petroleum Oil Preparations?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

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.