HSN Code 34042000 represents Polyethylene Glycol Waxes under GST classification. This code helps businesses identify Polyethylene Glycol Waxes correctly for billing, taxation, and trade. With HSN Code 34042000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Polyethylene Glycol Waxes.
Manage correct HSN codes and GST rates with BUSY.
HSN Code 34042000 relates to the following description.
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
Artificial waxes and prepared waxes
Of poly (oxyethylene) (polyethylene glycol)
9%
9%
18%
0%
Description of Goods
Of poly (oxyethylene) (polyethylene glycol)
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
3404 - Artificial waxes and prepared waxes
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Polyethylene Glycol Waxes does not include products with the following descriptions.
Artificial waxes and prepared waxes of chemically modified lignite
Other : Sealing wax (including bottle sealing wax) in sticks, cakes or similar forms
Other : Polyethylene wax
Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly brominated biphenyls
Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly chlorinated biphenyls
Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly chlorinated terphenyls
Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Other
Other : Other
Artificial waxes and prepared waxes of chemically modified lignite
Other : Sealing wax (including bottle sealing wax) in sticks, cakes or similar forms
Other : Polyethylene wax
Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly brominated biphenyls
Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly chlorinated biphenyls
Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly chlorinated terphenyls
Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Other
Other : Other
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹155 Cr
0.0040% of India’s total exports
India’s Imports
FY 2025-26₹734 Cr
0.0107% of India’s total imports
Trade Balance
FY 2025-26−₹579 Cr
Surplus rank #12059 of 12872 HSN codes
% of Sub-Chapter 3404
FY 2025-2619.88%
Share of Sub-Chapter 3404’s total exports in FY 2025-26
Import side: 36.57% of Sub-Chapter 3404’s imports
Rank Within Sub-Chapter 3404
FY 2025-26#3 of 9
Position by export value among HSN codes in Sub-Chapter 3404
Import-side rank: #1 of 9
At a glance
22.35%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#2272
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+66.35%
Peak Growth Year
FY 2020-21 · strongest single-year move
19.88%
Contribution to Sub-Ch. 3404
Share of Sub-Chapter 3404 exports in FY 2025-26
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−189.84
Exports
37.85 ₹ Cr
0.0017% share
— YoY
12.49% of Sub-Ch. 3404
Imports
227.69 ₹ Cr
0.0064% share
— YoY
26.27% of Sub-Ch. 3404
Balance
−243.95
Exports
46.21 ₹ Cr
0.0021% share
+22.09% YoY
13.67% of Sub-Ch. 3404
Imports
290.16 ₹ Cr
0.0087% share
+27.44% YoY
32.76% of Sub-Ch. 3404
Balance
−230.80
Exports
76.87 ₹ Cr
0.0036% share
+66.35% YoY
20.01% of Sub-Ch. 3404
Imports
307.67 ₹ Cr
0.0106% share
+6.03% YoY
36.96% of Sub-Ch. 3404
Balance
−480.18
Exports
92.78 ₹ Cr
0.0030% share
+20.70% YoY
18.98% of Sub-Ch. 3404
Imports
572.96 ₹ Cr
0.0125% share
+86.23% YoY
44.02% of Sub-Ch. 3404
Balance
−593.54
Exports
107.59 ₹ Cr
0.0030% share
+15.96% YoY
19.42% of Sub-Ch. 3404
Imports
701.13 ₹ Cr
0.0122% share
+22.37% YoY
38.35% of Sub-Ch. 3404
Balance
−488.51
Exports
144.18 ₹ Cr
0.0040% share
+34.01% YoY
23.18% of Sub-Ch. 3404
Imports
632.69 ₹ Cr
0.0113% share
−9.76% YoY
36.67% of Sub-Ch. 3404
Balance
−644.53
Exports
151.98 ₹ Cr
0.0041% share
+5.41% YoY
22.13% of Sub-Ch. 3404
Imports
796.51 ₹ Cr
0.0131% share
+25.89% YoY
37.89% of Sub-Ch. 3404
Balance
−578.62
Exports
155.33 ₹ Cr
0.0040% share
+2.20% YoY
19.88% of Sub-Ch. 3404
Imports
733.95 ₹ Cr
0.0107% share
−7.85% YoY
36.57% of Sub-Ch. 3404
CAGR · 8-Year
Exports
22.35% /yr
Imports
18.20% /yr
reference, FY 2025-26
Export
₹781.18 Cr
Import
₹2,006.76 Cr
Trade Balance
−1,225.58
India's exports under HSN Code 34042000 have grown at a compound annual rate of 22.35% over 8 fiscal years, rising from ₹37.85 Crore in FY 2018-19 to ₹155.33 Crore in FY 2025-26.
In FY 2025-26, HSN Code 34042000 ranks #2272 out of 12872 HSN codes by total export value. Within Sub-Chapter 3404, it ranks #3 of 9. By trade surplus, it ranks #12059 of 12872.
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.
In FY 2025-26, India's imports of ₹733.95 Cr exceeded exports of ₹155.33 Cr, resulting in a trade deficit of ₹578.62 Crore — ranking #12059 of 12872 by surplus magnitude.
India's imports under HSN Code 34042000 have grown at 18.20% CAGR, reaching ₹733.95 Crore in FY 2025-26.
Among the 9 HSN codes under Sub-Chapter 3404, HSN Code 34042000 ranks #3 by export value — accounting for 19.88% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 36.57% share (rank #1).
Clear answers to common queries about HSN Code 34042000 and GST compliance.
It includes Polyethylene Glycol Waxes
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 34042000, Polyethylene Glycol Waxes attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Polyethylene Glycol Waxes; Nil for exempt items if applicable).
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.