--- title: "HSN Code for Lubricating Preparations, Excluding High-Oil Content | HSN 34039900 GST Rate" description: "Find HSN and GST Rates for 34039900 related to Lubricating Preparations, Excluding High-Oil Content with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-34039900/" --- # HSN Code 34039900: Lubricating Preparations, Excluding High-Oil Content - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 34: Soap, Washing Preparations, Waxes](https://busy.in/hsn/chapter-34/) - [Sub-chapter 3403: lubricating preparations](https://busy.in/hsn/sub-chapter-3403/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 34039900 ? It includes Lubricating Preparations, Excluding High-Oil Content ### Any common misclassification issue with Lubricating Preparations, Excluding High-Oil Content? 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 Lubricating Preparations, Excluding High-Oil Content? 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 Lubricating Preparations, Excluding High-Oil Content? 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 Lubricating Preparations, Excluding High-Oil Content? Under HSN 34039900, Lubricating Preparations, Excluding High-Oil Content attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Lubricating Preparations, Excluding High-Oil Content is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Lubricating Preparations, Excluding High-Oil Content; Nil for exempt items if applicable). ## India's trade performance: HSN Code 34039900 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹319 Cr (+5.74% YoY) — 0.0087% of India's total exports - Imports: ₹1,731 Cr (+3.91% YoY) — 0.0285% of India's total imports - Trade balance: −₹1,411 Cr (Deficit); surplus rank #12328 of 12657 HSN codes - Share of Sub-Chapter 3403: 50.72% of its exports; import side 47.01% - Rank within Sub-Chapter 3403: #1 of 4 by export value; import-side #1 ### Key metrics - Export CAGR: 17.40% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1376 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +43.21% in FY 2022-23 - Contribution to Sub-Ch. 3403: 50.72% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 34039900 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 3403 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3403 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 121.95 | 0.0053% | — | 50.48% | 1,173.67 | 0.0327% | — | 48.87% | −1,051.72 | #1789 | | FY 2019-20 | 119.78 | 0.0054% | −1.78% | 56.89% | 1,093.57 | 0.0327% | −6.82% | 49.49% | −973.79 | #1817 | | FY 2020-21 | 121.93 | 0.0057% | +1.80% | 56.69% | 927.27 | 0.0318% | −15.21% | 44.65% | −805.34 | #1868 | | FY 2021-22 | 165.13 | 0.0053% | +35.43% | 61.18% | 1,206.99 | 0.0264% | +30.17% | 41.01% | −1,041.86 | #1838 | | FY 2022-23 | 236.48 | 0.0065% | +43.21% | 61.59% | 1,589.85 | 0.0277% | +31.72% | 45.00% | −1,353.37 | #1556 | | FY 2023-24 | 301.94 | 0.0083% | +27.68% | 57.65% | 1,665.45 | 0.0297% | +4.76% | 47.45% | −1,363.51 | #1383 | | FY 2024-25 | 319.26 | 0.0087% | +5.74% | 50.72% | 1,730.56 | 0.0285% | +3.91% | 47.01% | −1,411.30 | #1376 | - CAGR (7-year): exports 17.40%/yr, imports 6.69%/yr (consistently Deficit) ## Key trade insights: HSN Code 34039900 export-import analysis ### Consistent export growth: 17.40% CAGR over 7 years India's exports under HSN Code 34039900 have grown at a compound annual rate of 17.40% over 7 fiscal years, rising from ₹121.95 Crore in FY 2018-19 to ₹319.26 Crore in FY 2024-25. ### HSN Code 34039900 ranked #1376 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 34039900 ranks #1376 out of 12657 HSN codes by total export value. Within Sub-Chapter 3403, it ranks #1 of 4. By trade surplus, it ranks #12328 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 34039900 exports The strongest single-year export movement for HSN Code 34039900 was recorded in FY 2022-23, when exports surged by 43.21% over the prior year. ### India records a trade deficit of ₹1,411.30 Crore in HSN Code 34039900 goods In FY 2024-25, India's imports of ₹1,730.56 Cr exceeded exports of ₹319.26 Cr, resulting in a trade deficit of ₹1,411.30 Crore — ranking #12328 of 12657 by surplus magnitude. ### Import growth of 6.69% CAGR signals stable import dependency for Lubricating Preparations, Excluding High-Oil Content India's imports under HSN Code 34039900 have grown at 6.69% CAGR, reaching ₹1,730.56 Crore in FY 2024-25. ### HSN Code 34039900 contributes 50.72% of Sub-Chapter 3403 exports — ranked #1 Among the 4 HSN codes under Sub-Chapter 3403, HSN Code 34039900 ranks #1 by export value — accounting for 50.72% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 47.01% share (rank #1). ## Related HSN Codes in Sub-Chapter 3403 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 34039900: Lubricating Preparations, Excluding High-Oil Content (this hsn code) | ₹319 Cr | | #2 | [HSN Code 34031900: Other Petroleum Oil Preparations](https://busy.in/hsn/hsn-34031900/) | ₹259 Cr | | #3 | [HSN Code 34031100: Textile and Leather Treatment Preparations](https://busy.in/hsn/hsn-34031100/) | ₹28 Cr | | #4 | [HSN Code 34039100: Preparations for Treating Textiles/Leather/Furs](https://busy.in/hsn/hsn-34039100/) | ₹23 Cr |