---
title: "HSN Code for Miscellaneous | Silver Compounds | HSN 34070010 GST Rate"
description: "Find HSN and GST Rates for 34070010 related to Miscellaneous | Silver Compounds with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-34070010/"
---

# HSN Code 34070010: Miscellaneous | Silver Compounds

- [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 3407: Modelling pastes and preparations](https://busy.in/hsn/sub-chapter-3407/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Modelling pastes, including those put up for children’s amusement; preparations known as “dental wax” or as “dental impression compounds”, put up in sets, in packings for retail sale or in plates, horseshoe shapes,sticks or similar forms; other preparations for use in dentistry, with a basis of plaster (of calcined gypsum or calcium sulphate) : Modelling pastes, including those put up for children’s amusement | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 34070010 ?

It includes Miscellaneous | Silver Compounds

### Can we claim ITC on inputs used to trade Miscellaneous / Silver Compounds?

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 Miscellaneous / Silver Compounds?

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 Miscellaneous / Silver Compounds?

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

### How much GST applies to Miscellaneous / Silver Compounds?

Under HSN 34070010, Miscellaneous / Silver Compounds attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### How should mixed supplies be billed when Miscellaneous / Silver Compounds is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Miscellaneous / Silver Compounds; Nil for exempt items if applicable).

## India's trade performance: HSN Code 34070010 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹6 Cr (+15.35% YoY) — 0.0002% of India's total exports
- Imports: ₹15 Cr (−26.00% YoY) — 0.0003% of India's total imports
- Trade balance: −₹10 Cr (Deficit); surplus rank #9051 of 12657 HSN codes
- Share of Sub-Chapter 3407: 18.06% of its exports; import side 18.13%
- Rank within Sub-Chapter 3407: #2 of 2 by export value; import-side #2

### Key metrics

- Export CAGR: 24.28% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #6450 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +267.24% in FY 2021-22
- Contribution to Sub-Ch. 3407: 18.06% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 34070010

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. 3407 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3407 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 1.55 | 0.0001% | — | 11.92% | 19.84 | 0.0006% | — | 32.73% | −18.29 | #7205 |
| FY 2019-20 | 1.84 | 0.0001% | +18.71% | 7.88% | 22.41 | 0.0007% | +12.95% | 34.78% | −20.57 | #7021 |
| FY 2020-21 | 1.16 | 0.0001% | −36.96% | 8.01% | 16.81 | 0.0006% | −24.99% | 44.83% | −15.65 | #7531 |
| FY 2021-22 | 4.26 | 0.0001% | +267.24% | 15.75% | 25.49 | 0.0006% | +51.64% | 39.10% | −21.23 | #6557 |
| FY 2022-23 | 9.22 | 0.0003% | +116.43% | 31.83% | 37.06 | 0.0006% | +45.39% | 39.70% | −27.84 | #5732 |
| FY 2023-24 | 4.95 | 0.0001% | −46.31% | 17.42% | 20.73 | 0.0004% | −44.06% | 25.39% | −15.78 | #6594 |
| FY 2024-25 | 5.71 | 0.0002% | +15.35% | 18.06% | 15.34 | 0.0003% | −26.00% | 18.13% | −9.63 | #6450 |

- CAGR (7-year): exports 24.28%/yr, imports -4.20%/yr (consistently Deficit)

## Key trade insights: HSN Code 34070010 export-import analysis

### Consistent export growth: 24.28% CAGR over 7 years

India's exports under HSN Code 34070010 have grown at a compound annual rate of 24.28% over 7 fiscal years, rising from ₹1.55 Crore in FY 2018-19 to ₹5.71 Crore in FY 2024-25.

### HSN Code 34070010 ranked #6450 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 34070010 ranks #6450 out of 12657 HSN codes by total export value. Within Sub-Chapter 3407, it ranks #2 of 2. By trade surplus, it ranks #9051 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 34070010 exports

The strongest single-year export movement for HSN Code 34070010 was recorded in FY 2021-22, when exports surged by 267.24% over the prior year.

### India records a trade deficit of ₹9.63 Crore in HSN Code 34070010 goods

In FY 2024-25, India's imports of ₹15.34 Cr exceeded exports of ₹5.71 Cr, resulting in a trade deficit of ₹9.63 Crore — ranking #9051 of 12657 by surplus magnitude.

### Import growth of -4.20% CAGR signals stable import dependency for Miscellaneous | Silver Compounds

India's imports under HSN Code 34070010 have grown at -4.20% CAGR, reaching ₹15.34 Crore in FY 2024-25.

### HSN Code 34070010 contributes 18.06% of Sub-Chapter 3407 exports — ranked #2

Among the 2 HSN codes under Sub-Chapter 3407, HSN Code 34070010 ranks #2 by export value — accounting for 18.06% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 18.13% share (rank #2).

## Related HSN Codes in Sub-Chapter 3407

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 34070090: Dental Wax and Impression Compounds](https://busy.in/hsn/hsn-34070090/) | ₹26 Cr |
| #2 | HSN Code 34070010: Miscellaneous \| Silver Compounds (this hsn code) | ₹6 Cr |