HSN Code 34049039: Other Artificial/Prepared Waxes

HSN Code 34049039 represents Other Artificial/Prepared Waxes under GST classification. This code helps businesses identify Other Artificial/Prepared Waxes correctly for billing, taxation, and trade. With HSN Code 34049039, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Artificial/Prepared Waxes.

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Description of Goods for HSN Code 34049039

HSN Code 34049039 relates to the following description.

Description of Goods

Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Other

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%

What does HSN Code 34049039 not include?

Other Artificial/Prepared Waxes does not include products with the following descriptions.

HSN Code 34049010

Other : Sealing wax (including bottle sealing wax) in sticks, cakes or similar forms

HSN Code 34049031

Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly brominated biphenyls

HSN Code 34049032

Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly chlorinated biphenyls

HSN Code 34049033

Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly chlorinated terphenyls

India’s Trade Performance — HSN Code 34049039 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹3 Cr

−4.18% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹53 Cr

−7.60% vs FY 2023-24

0.0009% of India’s total imports

Trade Balance

FY 2024-25

−₹51 Cr

Trade Deficit

Surplus rank #10260 of 12657 HSN codes

% of Sub-Chapter 3404

FY 2024-25

0.37%

Share of Sub-Chapter 3404’s total exports in FY 2024-25

Import side: 2.53% of Sub-Chapter 3404’s imports

Rank Within Sub-Chapter 3404

FY 2024-25

#4 of 9

Position by export value among HSN codes in Sub-Chapter 3404

Import-side rank: #4 of 9

At a glance

5.29%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#7385

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+299.40%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.37%

Contribution to Sub-Ch. 3404

Share of Sub-Chapter 3404 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 34049039

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #7041

Balance

−45.52

Exports

1.85 ₹ Cr

0.0001% share

— YoY

0.61% of Sub-Ch. 3404

Imports

47.37 ₹ Cr

0.0013% share

— YoY

5.47% of Sub-Ch. 3404

FY 2019-20 Exp. Rank #6968

Balance

−35.56

Exports

1.93 ₹ Cr

0.0001% share

+4.32% YoY

0.57% of Sub-Ch. 3404

Imports

37.49 ₹ Cr

0.0011% share

−20.86% YoY

4.23% of Sub-Ch. 3404

FY 2020-21 Exp. Rank #7189

Balance

−34.51

Exports

1.66 ₹ Cr

0.0001% share

−13.99% YoY

0.43% of Sub-Ch. 3404

Imports

36.17 ₹ Cr

0.0012% share

−3.52% YoY

4.35% of Sub-Ch. 3404

FY 2021-22 Exp. Rank #6009

Balance

−29.50

Exports

6.63 ₹ Cr

0.0002% share

+299.40% YoY

1.36% of Sub-Ch. 3404

Imports

36.13 ₹ Cr

0.0008% share

−0.11% YoY

2.78% of Sub-Ch. 3404

FY 2022-23 Exp. Rank #6847

Balance

−38.49

Exports

3.46 ₹ Cr

0.0001% share

−47.81% YoY

0.62% of Sub-Ch. 3404

Imports

41.95 ₹ Cr

0.0007% share

+16.11% YoY

2.29% of Sub-Ch. 3404

FY 2023-24 Exp. Rank #7279

Balance

−54.86

Exports

2.63 ₹ Cr

0.0001% share

−23.99% YoY

0.42% of Sub-Ch. 3404

Imports

57.49 ₹ Cr

0.0010% share

+37.04% YoY

3.33% of Sub-Ch. 3404

FY 2024-25 Exp. Rank #7385

Balance

−50.60

Exports

2.52 ₹ Cr

0.0001% share

−4.18% YoY

0.37% of Sub-Ch. 3404

Imports

53.12 ₹ Cr

0.0009% share

−7.60% YoY

2.53% of Sub-Ch. 3404

CAGR · 7-Year

Exports

5.29% /yr

Imports

1.93% /yr

Consistently Deficit
Sub-Chapter 3404 total

reference, FY 2024-25

Export

₹686.85 Cr

Import

₹2,102.20 Cr

Trade Balance

−1,415.35

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 34049039 Export-Import Analysis

Consistent Export Growth: 5.29% CAGR Over 7 Years

India's exports under HSN Code 34049039 have grown at a compound annual rate of 5.29% over 7 fiscal years, rising from ₹1.85 Crore in FY 2018-19 to ₹2.52 Crore in FY 2024-25.

HSN Code 34049039 Ranked #7385 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 34049039 ranks #7385 out of 12657 HSN codes by total export value. Within Sub-Chapter 3404, it ranks #4 of 9. By trade surplus, it ranks #10260 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 34049039 Exports

The strongest single-year export movement for HSN Code 34049039 was recorded in FY 2021-22, when exports surged by 299.40% over the prior year.

India Records a Trade Deficit of ₹50.60 Crore in HSN Code 34049039 Goods

In FY 2024-25, India's imports of ₹53.12 Cr exceeded exports of ₹2.52 Cr, resulting in a trade deficit of ₹50.60 Crore — ranking #10260 of 12657 by surplus magnitude.

Import Growth of 1.93% CAGR Signals Stable Import Dependency for Other Artificial/Prepared Waxes

India's imports under HSN Code 34049039 have grown at 1.93% CAGR, reaching ₹53.12 Crore in FY 2024-25.

HSN Code 34049039 Contributes 0.37% of Sub-Chapter 3404 Exports — Ranked #4

Among the 9 HSN codes under Sub-Chapter 3404, HSN Code 34049039 ranks #4 by export value — accounting for 0.37% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.53% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 34049039 and GST compliance.

What products are classified under HSN 34049039 ?

It includes Other Artificial/Prepared Waxes

How should mixed supplies be billed when Other Artificial/Prepared Waxes is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Artificial/Prepared Waxes; Nil for exempt items if applicable).

How much GST applies to Other Artificial/Prepared Waxes?

Under HSN 34049039, Other Artificial/Prepared Waxes attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Other Artificial/Prepared Waxes?

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.

Any common misclassification issue with Other Artificial/Prepared Waxes?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Other Artificial/Prepared 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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.