--- title: "HSN Code for Vegetable Waxes | Carnauba Waxes | HSN 40070090 GST Rate" description: "Find HSN and GST Rates for 40070090 related to Vegetable Waxes | Carnauba Waxes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40070090/" --- # HSN Code 40070090: Vegetable Waxes | Carnauba Waxes - [Section 07: Guide to HSN Section 07](https://busy.in/hsn/section-07/) - [Chapter 40: Rubber and Articles Thereof](https://busy.in/hsn/chapter-40/) - [Sub-chapter 4007: Vulcanised rubber thread](https://busy.in/hsn/sub-chapter-4007/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Latex Rubber Thread | 6% | 6% | 12% | 0% | | Vulcanised rubber thread and cord: Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40070090 ? It includes Vegetable Waxes | Carnauba Waxes ### Any common misclassification issue with 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. ### Can we claim ITC on inputs used to trade Vegetable Waxes / Carnauba Waxes? 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 Vegetable Waxes / Carnauba 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. ### How much GST applies to Vegetable Waxes / Carnauba Waxes? Under HSN 40070090, Vegetable Waxes / Carnauba Waxes attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Vegetable Waxes / Carnauba 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. ## India's trade performance: HSN Code 40070090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹9 Cr (+105.46% YoY) — 0.0002% of India's total exports - Imports: ₹41 Cr (+6.95% YoY) — 0.0007% of India's total imports - Trade balance: −₹32 Cr (Deficit); surplus rank #9891 of 12657 HSN codes - Share of Sub-Chapter 4007: 5.29% of its exports; import side 76.12% - Rank within Sub-Chapter 4007: #2 of 3 by export value; import-side #1 ### Key metrics - Export CAGR: 36.45% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5964 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +149.67% in FY 2020-21 - Contribution to Sub-Ch. 4007: 5.29% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40070090 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. 4007 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4007 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 1.34 | 0.0001% | — | 2.96% | 37.11 | 0.0010% | — | 48.57% | −35.77 | #7344 | | FY 2019-20 | 1.51 | 0.0001% | +12.69% | 3.05% | 30.55 | 0.0009% | −17.68% | 53.62% | −29.04 | #7215 | | FY 2020-21 | 3.77 | 0.0002% | +149.67% | 3.78% | 33.27 | 0.0011% | +8.90% | 70.49% | −29.50 | #6267 | | FY 2021-22 | 7.64 | 0.0002% | +102.65% | 5.80% | 56.78 | 0.0012% | +70.66% | 84.77% | −49.14 | #5830 | | FY 2022-23 | 7.05 | 0.0002% | −7.72% | 4.82% | 40.15 | 0.0007% | −29.29% | 90.20% | −33.10 | #6071 | | FY 2023-24 | 4.21 | 0.0001% | −40.28% | 3.18% | 37.97 | 0.0007% | −5.43% | 87.13% | −33.76 | #6784 | | FY 2024-25 | 8.65 | 0.0002% | +105.46% | 5.29% | 40.61 | 0.0007% | +6.95% | 76.12% | −31.96 | #5964 | - CAGR (7-year): exports 36.45%/yr, imports 1.51%/yr (consistently Deficit) ## Key trade insights: HSN Code 40070090 export-import analysis ### Consistent export growth: 36.45% CAGR over 7 years India's exports under HSN Code 40070090 have grown at a compound annual rate of 36.45% over 7 fiscal years, rising from ₹1.34 Crore in FY 2018-19 to ₹8.65 Crore in FY 2024-25. ### HSN Code 40070090 ranked #5964 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40070090 ranks #5964 out of 12657 HSN codes by total export value. Within Sub-Chapter 4007, it ranks #2 of 3. By trade surplus, it ranks #9891 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 40070090 exports The strongest single-year export movement for HSN Code 40070090 was recorded in FY 2020-21, when exports surged by 149.67% over the prior year. ### India records a trade deficit of ₹31.96 Crore in HSN Code 40070090 goods In FY 2024-25, India's imports of ₹40.61 Cr exceeded exports of ₹8.65 Cr, resulting in a trade deficit of ₹31.96 Crore — ranking #9891 of 12657 by surplus magnitude. ### Import growth of 1.51% CAGR signals stable import dependency for Vegetable Waxes | Carnauba Waxes India's imports under HSN Code 40070090 have grown at 1.51% CAGR, reaching ₹40.61 Crore in FY 2024-25. ### HSN Code 40070090 contributes 5.29% of Sub-Chapter 4007 exports — ranked #2 Among the 3 HSN codes under Sub-Chapter 4007, HSN Code 40070090 ranks #2 by export value — accounting for 5.29% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 76.12% share (rank #1). ## Related HSN Codes in Sub-Chapter 4007 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 40070010: Non-Covered Vulcanised Rubber Thread (Non-Latex)](https://busy.in/hsn/hsn-40070010/) | ₹155 Cr | | #2 | HSN Code 40070090: Vegetable Waxes \| Carnauba Waxes (this hsn code) | ₹9 Cr | | #3 | [HSN Code 40070020: Vulcanised rubber thread and cord: Cord](https://busy.in/hsn/hsn-40070020/) | < ₹1 Crore |