--- title: "HSN Code for Of poly (oxyethylene) (polyethylene glycol) | HSN 34042000 GST Rate" description: "Find HSN and GST Rates for 34042000 related to Of poly (oxyethylene) (polyethylene glycol) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-34042000/" --- # HSN Code 34042000: Of poly (oxyethylene) (polyethylene glycol) - [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 3404: Artificial waxes](https://busy.in/hsn/sub-chapter-3404/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of poly (oxyethylene) (polyethylene glycol) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 34042000 ? It includes Of poly (oxyethylene) (polyethylene glycol) ### Do e‑way bill and e‑invoice apply for Of poly (oxyethylene) (polyethylene glycol)? 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 Of poly (oxyethylene) (polyethylene glycol)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Of poly (oxyethylene) (polyethylene glycol)? Under HSN 34042000, Of poly (oxyethylene) (polyethylene glycol) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Of poly (oxyethylene) (polyethylene glycol) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of poly (oxyethylene) (polyethylene glycol); Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Of poly (oxyethylene) (polyethylene glycol)? 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. ## India's trade performance: HSN Code 34042000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹152 Cr (+5.41% YoY) — 0.0041% of India's total exports - Imports: ₹797 Cr (+25.89% YoY) — 0.0131% of India's total imports - Trade balance: −₹645 Cr (Deficit); surplus rank #12033 of 12657 HSN codes - Share of Sub-Chapter 3404: 22.13% of its exports; import side 37.89% - Rank within Sub-Chapter 3404: #3 of 9 by export value; import-side #1 ### Key metrics - Export CAGR: 26.07% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2139 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +66.35% in FY 2020-21 - Contribution to Sub-Ch. 3404: 22.13% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 34042000 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. 3404 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3404 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 37.85 | 0.0017% | — | 12.49% | 227.69 | 0.0064% | — | 26.27% | −189.84 | #3279 | | FY 2019-20 | 46.21 | 0.0021% | +22.09% | 13.67% | 290.16 | 0.0087% | +27.44% | 32.76% | −243.95 | #2991 | | FY 2020-21 | 76.87 | 0.0036% | +66.35% | 20.01% | 307.67 | 0.0106% | +6.03% | 36.96% | −230.80 | #2372 | | FY 2021-22 | 92.78 | 0.0030% | +20.70% | 18.98% | 572.96 | 0.0125% | +86.23% | 44.02% | −480.18 | #2522 | | FY 2022-23 | 107.59 | 0.0030% | +15.96% | 19.42% | 701.13 | 0.0122% | +22.37% | 38.35% | −593.54 | #2440 | | FY 2023-24 | 144.18 | 0.0040% | +34.01% | 23.18% | 632.69 | 0.0113% | −9.76% | 36.67% | −488.51 | #2150 | | FY 2024-25 | 151.98 | 0.0041% | +5.41% | 22.13% | 796.51 | 0.0131% | +25.89% | 37.89% | −644.53 | #2139 | - CAGR (7-year): exports 26.07%/yr, imports 23.21%/yr (consistently Deficit) ## Key trade insights: HSN Code 34042000 export-import analysis ### Consistent export growth: 26.07% CAGR over 7 years India's exports under HSN Code 34042000 have grown at a compound annual rate of 26.07% over 7 fiscal years, rising from ₹37.85 Crore in FY 2018-19 to ₹151.98 Crore in FY 2024-25. ### HSN Code 34042000 ranked #2139 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 34042000 ranks #2139 out of 12657 HSN codes by total export value. Within Sub-Chapter 3404, it ranks #3 of 9. By trade surplus, it ranks #12033 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 34042000 exports The strongest single-year export movement for HSN Code 34042000 was recorded in FY 2020-21, when exports surged by 66.35% over the prior year. ### India records a trade deficit of ₹644.53 Crore in HSN Code 34042000 goods In FY 2024-25, India's imports of ₹796.51 Cr exceeded exports of ₹151.98 Cr, resulting in a trade deficit of ₹644.53 Crore — ranking #12033 of 12657 by surplus magnitude. ### Import growth of 23.21% CAGR signals rising demand for Of poly (oxyethylene) (polyethylene glycol) India's imports under HSN Code 34042000 have grown at 23.21% CAGR, reaching ₹796.51 Crore in FY 2024-25. ### HSN Code 34042000 contributes 22.13% of Sub-Chapter 3404 exports — ranked #3 Among the 9 HSN codes under Sub-Chapter 3404, HSN Code 34042000 ranks #3 by export value — accounting for 22.13% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 37.89% share (rank #1). ## Related HSN Codes in Sub-Chapter 3404 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 34049020: Other \| Polyethylene Wax](https://busy.in/hsn/hsn-34049020/) | ₹276 Cr | | #2 | [HSN Code 34049090: Artificial waxes and prepared waxes \| Other](https://busy.in/hsn/hsn-34049090/) | ₹255 Cr | | #3 | HSN Code 34042000: Of poly (oxyethylene) (polyethylene glycol) (this hsn code) | ₹152 Cr | | #4 | [HSN Code 34049039: Other Artificial/Prepared Waxes](https://busy.in/hsn/hsn-34049039/) | ₹3 Cr | | #5 | [HSN Code 34049010: Sealing Wax](https://busy.in/hsn/hsn-34049010/) | ₹1 Cr | | #6 | [HSN Code 34049031: Poly Brominated Biphenyls](https://busy.in/hsn/hsn-34049031/) | < ₹1 Crore | | — | [HSN Code 34049032: Poly Chlorinated Biphenyls](https://busy.in/hsn/hsn-34049032/) | Nil | | — | [HSN Code 34049033: Poly Chlorinated Terphenyls](https://busy.in/hsn/hsn-34049033/) | Nil | | — | [HSN Code 34041000: Safety Fuses: Mine Blasting](https://busy.in/hsn/hsn-34041000/) | — |