HSN Code 34070010: Miscellaneous | Silver Compounds

HSN Code 34070010 represents Miscellaneous | Silver Compounds under GST classification. This code helps businesses identify Miscellaneous | Silver Compounds correctly for billing, taxation, and trade. With HSN Code 34070010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Miscellaneous | Silver Compounds.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 34070010

HSN Code 34070010 relates to the following description.

Description of Goods

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

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

3407 - 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)

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 34070010 not include?

Miscellaneous | Silver Compounds does not include products with the following descriptions.

HSN Code 34070090

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) : Other (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)

India’s Trade Performance — HSN Code 34070010 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

₹6 Cr

+15.35% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

₹15 Cr

−26.00% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

−₹10 Cr

Trade Deficit

Surplus rank #9051 of 12657 HSN codes

% of Sub-Chapter 3407

FY 2024-25

18.06%

Share of Sub-Chapter 3407’s total exports in FY 2024-25

Import side: 18.13% of Sub-Chapter 3407’s imports

Rank Within Sub-Chapter 3407

FY 2024-25

#2 of 2

Position by export value among HSN codes in Sub-Chapter 3407

Import-side rank: #2 of 2

At a glance

24.28%

Export CAGR

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

#6450

National Export Rank

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

+267.24%

Peak Growth Year

FY 2021-22 · strongest single-year move

18.06%

Contribution to Sub-Ch. 3407

Share of Sub-Chapter 3407 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #7205

Balance

−18.29

Exports

1.55 ₹ Cr

0.0001% share

— YoY

11.92% of Sub-Ch. 3407

Imports

19.84 ₹ Cr

0.0006% share

— YoY

32.73% of Sub-Ch. 3407

FY 2019-20 Exp. Rank #7021

Balance

−20.57

Exports

1.84 ₹ Cr

0.0001% share

+18.71% YoY

7.88% of Sub-Ch. 3407

Imports

22.41 ₹ Cr

0.0007% share

+12.95% YoY

34.78% of Sub-Ch. 3407

FY 2020-21 Exp. Rank #7531

Balance

−15.65

Exports

1.16 ₹ Cr

0.0001% share

−36.96% YoY

8.01% of Sub-Ch. 3407

Imports

16.81 ₹ Cr

0.0006% share

−24.99% YoY

44.83% of Sub-Ch. 3407

FY 2021-22 Exp. Rank #6557

Balance

−21.23

Exports

4.26 ₹ Cr

0.0001% share

+267.24% YoY

15.75% of Sub-Ch. 3407

Imports

25.49 ₹ Cr

0.0006% share

+51.64% YoY

39.10% of Sub-Ch. 3407

FY 2022-23 Exp. Rank #5732

Balance

−27.84

Exports

9.22 ₹ Cr

0.0003% share

+116.43% YoY

31.83% of Sub-Ch. 3407

Imports

37.06 ₹ Cr

0.0006% share

+45.39% YoY

39.70% of Sub-Ch. 3407

FY 2023-24 Exp. Rank #6594

Balance

−15.78

Exports

4.95 ₹ Cr

0.0001% share

−46.31% YoY

17.42% of Sub-Ch. 3407

Imports

20.73 ₹ Cr

0.0004% share

−44.06% YoY

25.39% of Sub-Ch. 3407

FY 2024-25 Exp. Rank #6450

Balance

−9.63

Exports

5.71 ₹ Cr

0.0002% share

+15.35% YoY

18.06% of Sub-Ch. 3407

Imports

15.34 ₹ Cr

0.0003% share

−26.00% YoY

18.13% of Sub-Ch. 3407

CAGR · 7-Year

Exports

24.28% /yr

Imports

−4.20% /yr

Consistently Deficit
Sub-Chapter 3407 total

reference, FY 2024-25

Export

₹31.62 Cr

Import

₹84.60 Cr

Trade Balance

−52.98

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

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).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 34070010 and GST compliance.

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).

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.