2712 HSN Code: Mineral waxes

HSN Sub Chapter 2712 represents Mineral waxes under GST classification. This code helps businesses identify Mineral waxes correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2712, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Mineral waxes.

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

New GST Rate for HSN Code 2712

GST Rate for Mineral waxes under HSN Code 2712. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

27

HSN Code

2712

HSN Description

Petroleum jelly, paraffin wax, microcrystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2712

Following tariff HSN codes fall under Mineral waxes.

Tariff HSN

27121010

Description

Petroleum jelly : Crude

Tariff HSN

27121090

Description

Petroleum jelly : Other

Tariff HSN

27122000

Description

Paraffin wax containing by weight less than 0.75 % of oil

Tariff HSN

27122010

Description

Petroleum jelly, paraffin wax, microcrystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured - paraffin wax containing by weight less than 0.75 % of oil: chlorinated paraffin wax

Tariff HSN

27122090

Description

Petroleum jelly, paraffin wax, microcrystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured - paraffin wax containing by weight less than 0.75 % of oil: other

Tariff HSN

27129010

Description

Other : Micro-crystalline petroleum wax

Tariff HSN

27129020

Description

Other : Lignite wax

Tariff HSN

27129030

Description

Other : Slack wax

Tariff HSN

27129040

Description

Other : Paraffin wax containing by weight less than 0.75 % of oil

Tariff HSN

27129090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 2712 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

₹989 Cr

+2.23% vs FY 2023-24

0.0267% of India’s total exports

India’s Imports

FY 2024-25

₹1,535 Cr

−0.98% vs FY 2023-24

0.0252% of India’s total imports

Trade Balance

FY 2024-25

−₹546 Cr

Trade Deficit

Surplus rank #877 of 1233 subchapters

% of Chapter 27

FY 2024-25

0.17%

Share of Chapter 27’s total exports in FY 2024-25

Import side: 0.08% of Chapter 27’s imports

Rank Within Chapter 27

FY 2024-25

#7 of 16

Position by export value among subchapters in Chapter 27

Import-side rank: #9 of 16

At a glance

9.40%

Export CAGR

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

#391

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+38.05%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.17%

Contribution to Ch. 27

Share of Chapter 27 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2712

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 #395

Balance

−303.41

Exports

576.85 ₹ Cr

0.0251% share

— YoY

0.17% of Ch. 27

Imports

880.26 ₹ Cr

0.0245% share

— YoY

0.07% of Ch. 27

FY 2019-20 Exp. Rank #393

Balance

−241.28

Exports

536.24 ₹ Cr

0.0243% share

−7.04% YoY

0.18% of Ch. 27

Imports

777.52 ₹ Cr

0.0232% share

−11.67% YoY

0.07% of Ch. 27

FY 2020-21 Exp. Rank #408

Balance

−278.18

Exports

539.95 ₹ Cr

0.0251% share

+0.69% YoY

0.27% of Ch. 27

Imports

818.13 ₹ Cr

0.0281% share

+5.22% YoY

0.11% of Ch. 27

FY 2021-22 Exp. Rank #402

Balance

−465.48

Exports

745.40 ₹ Cr

0.0238% share

+38.05% YoY

0.14% of Ch. 27

Imports

1,210.88 ₹ Cr

0.0265% share

+48.01% YoY

0.08% of Ch. 27

FY 2022-23 Exp. Rank #399

Balance

−691.65

Exports

889.13 ₹ Cr

0.0246% share

+19.28% YoY

0.11% of Ch. 27

Imports

1,580.78 ₹ Cr

0.0275% share

+30.55% YoY

0.08% of Ch. 27

FY 2023-24 Exp. Rank #385

Balance

−583.19

Exports

967.43 ₹ Cr

0.0267% share

+8.81% YoY

0.13% of Ch. 27

Imports

1,550.62 ₹ Cr

0.0276% share

−1.91% YoY

0.09% of Ch. 27

FY 2024-25 Exp. Rank #391

Balance

−546.42

Exports

988.99 ₹ Cr

0.0267% share

+2.23% YoY

0.17% of Ch. 27

Imports

1,535.41 ₹ Cr

0.0252% share

−0.98% YoY

0.08% of Ch. 27

CAGR · 7-Year

Exports

9.40% /yr

Imports

9.72% /yr

Consistently Deficit
Chapter 27 total

reference, FY 2024-25

Export

₹5,65,955.29 Cr

Import

₹18,46,145.01 Cr

Trade Balance

−12,80,189.72

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

Key Trade Insights: HSN Sub-Chapter 2712 Export-Import Analysis

Consistent Export Growth: 9.40% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2712 have grown at a compound annual rate of 9.40% over 7 fiscal years, rising from ₹576.85 Crore in FY 2018-19 to ₹988.99 Crore in FY 2024-25.

HSN Sub-Chapter 2712 Ranked #391 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2712 ranks #391 out of 1233 subchapters by total export value. Within Chapter 27, it ranks #7 of 16. By trade surplus, it ranks #877 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 2712 Exports

The strongest single-year export movement for HSN Sub-Chapter 2712 was recorded in FY 2021-22, when exports surged by 38.05% over the prior year.

India Records a Trade Deficit of ₹546.42 Crore in HSN Sub-Chapter 2712 Goods

In FY 2024-25, India's imports of ₹1,535.41 Cr exceeded exports of ₹988.99 Cr, resulting in a trade deficit of ₹546.42 Crore — ranking #877 of 1233 by surplus magnitude.

Import Growth of 9.72% CAGR Signals Stable Import Dependency for Mineral waxes

India's imports under HSN Sub-Chapter 2712 have grown at 9.72% CAGR, reaching ₹1,535.41 Crore in FY 2024-25.

HSN Sub-Chapter 2712 Contributes 0.17% of Chapter 27 Exports — Ranked #7

Among the 16 subchapters under Chapter 27, HSN Sub-Chapter 2712 ranks #7 by export value — accounting for 0.17% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #9).

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 Sub Chapter 2712 and GST compliance.

What products are classified under HSN 2712

It includes Mineral waxes

If I repair and return Mineral waxes, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Does MRP, weight or pack size change GST treatment for Mineral waxes?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

Any import/export nuance for Mineral waxes?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

How are warranty replacements of Mineral waxes handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

How do I bill a kit or combo that includes Mineral waxes?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

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.

Explore More HSN Codes from Chapter 27