What products are classified under HSN 40070090 ?
It includes Vegetable Waxes | Carnauba Waxes
HSN Code 40070090 represents Vegetable Waxes | Carnauba Waxes under GST classification. This code helps businesses identify Vegetable Waxes | Carnauba Waxes correctly for billing, taxation, and trade. With HSN Code 40070090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vegetable Waxes | Carnauba Waxes.
HSN Code 40070090 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 40 | Rubber and articles thereof | 4007 | Vulcanised rubber thread and cord | Latex Rubber Thread | 6% | 6% | 12% | 0% |
| 40 | Rubber and articles thereof | 4007 | Vulcanised rubber thread and cord | Vulcanised rubber thread and cord: Other | 9% | 9% | 18% | 0% |
Vegetable Waxes | Carnauba Waxes does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread) | |
| Vulcanised rubber thread and cord: Cord, not covered |
Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread)
Vulcanised rubber thread and cord: Cord, not covered
It includes Vegetable Waxes | Carnauba Waxes
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
Under HSN 40070090, Vegetable Waxes / Carnauba Waxes 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.
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.