HSN Code 34049020 represents Other | Polyethylene Wax under GST classification. This code helps businesses identify Other | Polyethylene Wax correctly for billing, taxation, and trade. With HSN Code 34049020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Polyethylene Wax.
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HSN Code 34049020 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
Other : Polyethylene wax
9%
9%
18%
0%
Description of Goods
Other : Polyethylene wax
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%
Other | Polyethylene Wax does not include products with the following descriptions.
Artificial waxes and prepared waxes of chemically modified lignite
Of poly (oxyethylene) (polyethylene glycol)
Other : Sealing wax (including bottle sealing wax) in sticks, cakes or similar forms
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
Of poly (oxyethylene) (polyethylene glycol)
Other : Sealing wax (including bottle sealing wax) in sticks, cakes or similar forms
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
India’s Exports
FY 2024-25₹276 Cr
0.0075% of India’s total exports
India’s Imports
FY 2024-25₹513 Cr
0.0084% of India’s total imports
Trade Balance
FY 2024-25−₹237 Cr
Surplus rank #11437 of 12657 HSN codes
% of Sub-Chapter 3404
FY 2024-2540.17%
Share of Sub-Chapter 3404’s total exports in FY 2024-25
Import side: 24.41% of Sub-Chapter 3404’s imports
Rank Within Sub-Chapter 3404
FY 2024-25#1 of 9
Position by export value among HSN codes in Sub-Chapter 3404
Import-side rank: #3 of 9
At a glance
10.25%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1523
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+20.77%
Peak Growth Year
FY 2023-24 · strongest single-year move
40.17%
Contribution to Sub-Ch. 3404
Share of Sub-Chapter 3404 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−31.13
Exports
153.67 ₹ Cr
0.0067% share
— YoY
50.70% of Sub-Ch. 3404
Imports
184.80 ₹ Cr
0.0052% share
— YoY
21.33% of Sub-Ch. 3404
Balance
+2.69
Exports
170.26 ₹ Cr
0.0077% share
+10.80% YoY
50.38% of Sub-Ch. 3404
Imports
167.57 ₹ Cr
0.0050% share
−9.32% YoY
18.92% of Sub-Ch. 3404
Balance
+3.88
Exports
170.71 ₹ Cr
0.0079% share
+0.26% YoY
44.43% of Sub-Ch. 3404
Imports
166.83 ₹ Cr
0.0057% share
−0.44% YoY
20.04% of Sub-Ch. 3404
Balance
−33.63
Exports
183.77 ₹ Cr
0.0059% share
+7.65% YoY
37.59% of Sub-Ch. 3404
Imports
217.40 ₹ Cr
0.0048% share
+30.31% YoY
16.70% of Sub-Ch. 3404
Balance
−231.62
Exports
205.93 ₹ Cr
0.0057% share
+12.06% YoY
37.16% of Sub-Ch. 3404
Imports
437.55 ₹ Cr
0.0076% share
+101.26% YoY
23.93% of Sub-Ch. 3404
Balance
−179.07
Exports
248.71 ₹ Cr
0.0069% share
+20.77% YoY
39.99% of Sub-Ch. 3404
Imports
427.78 ₹ Cr
0.0076% share
−2.23% YoY
24.80% of Sub-Ch. 3404
Balance
−237.25
Exports
275.94 ₹ Cr
0.0075% share
+10.95% YoY
40.17% of Sub-Ch. 3404
Imports
513.19 ₹ Cr
0.0084% share
+19.97% YoY
24.41% of Sub-Ch. 3404
CAGR · 7-Year
Exports
10.25% /yr
Imports
18.56% /yr
reference, FY 2024-25
Export
₹686.85 Cr
Import
₹2,102.20 Cr
Trade Balance
−1,415.35
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.
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.
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.
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.
India's imports under HSN Code 34049020 have grown at 18.56% CAGR, reaching ₹513.19 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 34049020 and GST compliance.
It includes Other | Polyethylene Wax
Under HSN 34049020, Other / Polyethylene Wax attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.