--- title: "HSN Code for Other | Polyethylene Wax | HSN 34049020 GST Rate" description: "Find HSN and GST Rates for 34049020 related to Other | Polyethylene Wax with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-34049020/" --- # HSN Code 34049020: Other | Polyethylene Wax - [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 | | --- | --- | --- | --- | --- | | Other : Polyethylene wax | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 34049020 ? It includes Other | Polyethylene Wax ### How much GST applies to Other / Polyethylene Wax? Under HSN 34049020, Other / Polyethylene Wax attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Other / Polyethylene Wax? 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. ### Can we claim ITC on inputs used to trade Other / Polyethylene Wax? 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 / Polyethylene Wax? 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 / Polyethylene Wax is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other / Polyethylene Wax; Nil for exempt items if applicable). ### Any common misclassification issue with Other / Polyethylene Wax? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 34049020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹276 Cr (+10.95% YoY) — 0.0075% of India's total exports - Imports: ₹513 Cr (+19.97% YoY) — 0.0084% of India's total imports - Trade balance: −₹237 Cr (Deficit); surplus rank #11437 of 12657 HSN codes - Share of Sub-Chapter 3404: 40.17% of its exports; import side 24.41% - Rank within Sub-Chapter 3404: #1 of 9 by export value; import-side #3 ### Key metrics - Export CAGR: 10.25% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1523 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +20.77% in FY 2023-24 - Contribution to Sub-Ch. 3404: 40.17% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 34049020 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 | 153.67 | 0.0067% | — | 50.70% | 184.80 | 0.0052% | — | 21.33% | −31.13 | #1568 | | FY 2019-20 | 170.26 | 0.0077% | +10.80% | 50.38% | 167.57 | 0.0050% | −9.32% | 18.92% | +2.69 | #1466 | | FY 2020-21 | 170.71 | 0.0079% | +0.26% | 44.43% | 166.83 | 0.0057% | −0.44% | 20.04% | +3.88 | #1525 | | FY 2021-22 | 183.77 | 0.0059% | +7.65% | 37.59% | 217.40 | 0.0048% | +30.31% | 16.70% | −33.63 | #1734 | | FY 2022-23 | 205.93 | 0.0057% | +12.06% | 37.16% | 437.55 | 0.0076% | +101.26% | 23.93% | −231.62 | #1705 | | FY 2023-24 | 248.71 | 0.0069% | +20.77% | 39.99% | 427.78 | 0.0076% | −2.23% | 24.80% | −179.07 | #1561 | | FY 2024-25 | 275.94 | 0.0075% | +10.95% | 40.17% | 513.19 | 0.0084% | +19.97% | 24.41% | −237.25 | #1523 | - CAGR (7-year): exports 10.25%/yr, imports 18.56%/yr (consistently Deficit) ## Key trade insights: HSN Code 34049020 export-import analysis ### Consistent export growth: 10.25% CAGR over 7 years India's exports under HSN Code 34049020 have grown at a compound annual rate of 10.25% over 7 fiscal years, rising from ₹153.67 Crore in FY 2018-19 to ₹275.94 Crore in FY 2024-25. ### HSN Code 34049020 ranked #1523 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 34049020 ranks #1523 out of 12657 HSN codes by total export value. Within Sub-Chapter 3404, it ranks #1 of 9. By trade surplus, it ranks #11437 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 34049020 exports The strongest single-year export movement for HSN Code 34049020 was recorded in FY 2023-24, when exports surged by 20.77% over the prior year. ### India records a trade deficit of ₹237.25 Crore in HSN Code 34049020 goods In FY 2024-25, India's imports of ₹513.19 Cr exceeded exports of ₹275.94 Cr, resulting in a trade deficit of ₹237.25 Crore — ranking #11437 of 12657 by surplus magnitude. ### Import growth of 18.56% CAGR signals rising demand for Other | Polyethylene Wax India's imports under HSN Code 34049020 have grown at 18.56% CAGR, reaching ₹513.19 Crore in FY 2024-25. ### HSN Code 34049020 contributes 40.17% of Sub-Chapter 3404 exports — ranked #1 Among the 9 HSN codes under Sub-Chapter 3404, HSN Code 34049020 ranks #1 by export value — accounting for 40.17% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 24.41% share (rank #3). ## 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 (this hsn code) | ₹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)](https://busy.in/hsn/hsn-34042000/) | ₹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/) | — |