HSN Code 34049020 represents Polyethylene Wax under GST classification. This code helps businesses identify 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 Polyethylene Wax.
Manage correct HSN codes and GST rates with BUSY.
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%
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
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹359 Cr
0.0092% of India’s total exports
India’s Imports
FY 2025-26₹510 Cr
0.0074% of India’s total imports
Trade Balance
FY 2025-26−₹151 Cr
Surplus rank #11194 of 12872 HSN codes
% of Sub-Chapter 3404
FY 2025-2645.91%
Share of Sub-Chapter 3404’s total exports in FY 2025-26
Import side: 25.40% of Sub-Chapter 3404’s imports
Rank Within Sub-Chapter 3404
FY 2025-26#1 of 9
Position by export value among HSN codes in Sub-Chapter 3404
Import-side rank: #3 of 9
At a glance
12.87%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#1391
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+29.97%
Peak Growth Year
FY 2025-26 · strongest single-year move
45.91%
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
−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
Balance
−151.08
Exports
358.64 ₹ Cr
0.0092% share
+29.97% YoY
45.91% of Sub-Ch. 3404
Imports
509.72 ₹ Cr
0.0074% share
−0.68% YoY
25.40% of Sub-Ch. 3404
CAGR · 8-Year
Exports
12.87% /yr
Imports
15.60% /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 34049020 have grown at a compound annual rate of 12.87% over 8 fiscal years, rising from ₹153.67 Crore in FY 2018-19 to ₹358.64 Crore in FY 2025-26.
In FY 2025-26, HSN Code 34049020 ranks #1391 out of 12872 HSN codes by total export value. Within Sub-Chapter 3404, it ranks #1 of 9. By trade surplus, it ranks #11194 of 12872.
The strongest single-year export movement for HSN Code 34049020 was recorded in FY 2025-26, when exports surged by 29.97% over the prior year.
In FY 2025-26, India's imports of ₹509.72 Cr exceeded exports of ₹358.64 Cr, resulting in a trade deficit of ₹151.08 Crore — ranking #11194 of 12872 by surplus magnitude.
India's imports under HSN Code 34049020 have grown at 15.60% CAGR, reaching ₹509.72 Crore in FY 2025-26.
Among the 9 HSN codes under Sub-Chapter 3404, HSN Code 34049020 ranks #1 by export value — accounting for 45.91% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 25.40% share (rank #3).
Clear answers to common queries about HSN Code 34049020 and GST compliance.
It includes 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.