HSN Code 40070090: 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 or export of Vegetable Waxes | Carnauba Waxes.
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Description of Goods for HSN Code 40070090
HSN Code 40070090 relates to the following description.
What does HSN Code 40070090 not include?
Vegetable Waxes | Carnauba Waxes does not include products with the following descriptions.
Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread)
Vulcanised rubber thread and cord: Cord, not covered
India’s Trade Performance — HSN Code 40070090 in FY 2024-25
India’s Exports
FY 2024-25₹9 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹41 Cr
0.0007% of India’s total imports
Trade Balance
FY 2024-25−₹32 Cr
Surplus rank #9891 of 12657 HSN codes
% of Sub-Chapter 4007
FY 2024-255.29%
Share of Sub-Chapter 4007’s total exports in FY 2024-25
Import side: 76.12% of Sub-Chapter 4007’s imports
Rank Within Sub-Chapter 4007
FY 2024-25#2 of 3
Position by export value among HSN codes in Sub-Chapter 4007
Import-side rank: #1 of 3
At a glance
36.45%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5964
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+149.67%
Peak Growth Year
FY 2020-21 · strongest single-year move
5.29%
Contribution to Sub-Ch. 4007
Share of Sub-Chapter 4007 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−35.77
Exports
1.34 ₹ Cr
0.0001% share
— YoY
2.96% of Sub-Ch. 4007
Imports
37.11 ₹ Cr
0.0010% share
— YoY
48.57% of Sub-Ch. 4007
Balance
−29.04
Exports
1.51 ₹ Cr
0.0001% share
+12.69% YoY
3.05% of Sub-Ch. 4007
Imports
30.55 ₹ Cr
0.0009% share
−17.68% YoY
53.62% of Sub-Ch. 4007
Balance
−29.50
Exports
3.77 ₹ Cr
0.0002% share
+149.67% YoY
3.78% of Sub-Ch. 4007
Imports
33.27 ₹ Cr
0.0011% share
+8.90% YoY
70.49% of Sub-Ch. 4007
Balance
−49.14
Exports
7.64 ₹ Cr
0.0002% share
+102.65% YoY
5.80% of Sub-Ch. 4007
Imports
56.78 ₹ Cr
0.0012% share
+70.66% YoY
84.77% of Sub-Ch. 4007
Balance
−33.10
Exports
7.05 ₹ Cr
0.0002% share
−7.72% YoY
4.82% of Sub-Ch. 4007
Imports
40.15 ₹ Cr
0.0007% share
−29.29% YoY
90.20% of Sub-Ch. 4007
Balance
−33.76
Exports
4.21 ₹ Cr
0.0001% share
−40.28% YoY
3.18% of Sub-Ch. 4007
Imports
37.97 ₹ Cr
0.0007% share
−5.43% YoY
87.13% of Sub-Ch. 4007
Balance
−31.96
Exports
8.65 ₹ Cr
0.0002% share
+105.46% YoY
5.29% of Sub-Ch. 4007
Imports
40.61 ₹ Cr
0.0007% share
+6.95% YoY
76.12% of Sub-Ch. 4007
CAGR · 7-Year
Exports
36.45% /yr
Imports
1.51% /yr
reference, FY 2024-25
Export
₹163.54 Cr
Import
₹53.35 Cr
Trade Balance
+110.19
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 40070090 and GST compliance.
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.