3403 HSN Code: lubricating preparations

HSN Sub Chapter 3403 represents lubricating preparations under GST classification. This code helps businesses identify lubricating preparations correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 3403, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of lubricating preparations.

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New GST Rate for HSN Code 3403

GST Rate for lubricating preparations under HSN Code 3403. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

34

HSN Code

3403

HSN Description

lubricating preparations (including cuttingoil preparations, bolt or nut release preparations, anti-rust or anti-corrosion preparations and mould release preparations,based on lubricants) and preparations of a kind used for the oil or grease treatment of textile materials, leather,furskins or other materials, but excluding preparations containing, as basic constituents,70 % or more by weight of petroleum oils or of oils obtained from bituminous minerals

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 3403

Following tariff HSN codes fall under lubricating preparations.

Tariff HSN

34031100

Description

Containing petroleum oils or oils obtained from bituminous minerals : Preparations for the treatment of textile materials, leather, furskins or other materials

Tariff HSN

34031900

Description

Containing petroleum oils or oils obtained from bituminous minerals : Other

Tariff HSN

34039100

Description

Other : Preparations for the treatment of textile materials, leather, furskins or other materials

Tariff HSN

34039900

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 3403 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

₹629 Cr

+20.17% vs FY 2023-24

0.0170% of India’s total exports

India’s Imports

FY 2024-25

₹3,681 Cr

+4.88% vs FY 2023-24

0.0604% of India’s total imports

Trade Balance

FY 2024-25

−₹3,052 Cr

Trade Deficit

Surplus rank #1068 of 1233 subchapters

% of Chapter 34

FY 2024-25

6.91%

Share of Chapter 34’s total exports in FY 2024-25

Import side: 29.55% of Chapter 34’s imports

Rank Within Chapter 34

FY 2024-25

#5 of 7

Position by export value among subchapters in Chapter 34

Import-side rank: #2 of 7

At a glance

17.31%

Export CAGR

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

#484

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+42.26%

Peak Growth Year

FY 2022-23 · strongest single-year move

6.91%

Contribution to Ch. 34

Share of Chapter 34 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 3403

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 #574

Balance

−2,160.00

Exports

241.57 ₹ Cr

0.0105% share

— YoY

5.58% of Ch. 34

Imports

2,401.57 ₹ Cr

0.0669% share

— YoY

37.16% of Ch. 34

FY 2019-20 Exp. Rank #587

Balance

−1,999.36

Exports

210.54 ₹ Cr

0.0095% share

−12.85% YoY

4.72% of Ch. 34

Imports

2,209.90 ₹ Cr

0.0659% share

−7.98% YoY

36.47% of Ch. 34

FY 2020-21 Exp. Rank #592

Balance

−1,861.84

Exports

215.08 ₹ Cr

0.0100% share

+2.16% YoY

4.10% of Ch. 34

Imports

2,076.92 ₹ Cr

0.0713% share

−6.02% YoY

30.35% of Ch. 34

FY 2021-22 Exp. Rank #607

Balance

−2,673.48

Exports

269.89 ₹ Cr

0.0086% share

+25.48% YoY

4.21% of Ch. 34

Imports

2,943.37 ₹ Cr

0.0644% share

+41.72% YoY

31.08% of Ch. 34

FY 2022-23 Exp. Rank #574

Balance

−3,148.74

Exports

383.94 ₹ Cr

0.0106% share

+42.26% YoY

5.15% of Ch. 34

Imports

3,532.68 ₹ Cr

0.0614% share

+20.02% YoY

32.31% of Ch. 34

FY 2023-24 Exp. Rank #508

Balance

−2,986.00

Exports

523.78 ₹ Cr

0.0145% share

+36.42% YoY

6.36% of Ch. 34

Imports

3,509.78 ₹ Cr

0.0625% share

−0.65% YoY

35.54% of Ch. 34

FY 2024-25 Exp. Rank #484

Balance

−3,051.72

Exports

629.44 ₹ Cr

0.0170% share

+20.17% YoY

6.91% of Ch. 34

Imports

3,681.16 ₹ Cr

0.0604% share

+4.88% YoY

29.55% of Ch. 34

CAGR · 7-Year

Exports

17.31% /yr

Imports

7.38% /yr

Consistently Deficit
Chapter 34 total

reference, FY 2024-25

Export

₹9,110.16 Cr

Import

₹12,455.40 Cr

Trade Balance

−3,345.24

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

Key Trade Insights: HSN Sub-Chapter 3403 Export-Import Analysis

Consistent Export Growth: 17.31% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 3403 have grown at a compound annual rate of 17.31% over 7 fiscal years, rising from ₹241.57 Crore in FY 2018-19 to ₹629.44 Crore in FY 2024-25.

HSN Sub-Chapter 3403 Ranked #484 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 3403 ranks #484 out of 1233 subchapters by total export value. Within Chapter 34, it ranks #5 of 7. By trade surplus, it ranks #1068 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 3403 Exports

The strongest single-year export movement for HSN Sub-Chapter 3403 was recorded in FY 2022-23, when exports surged by 42.26% over the prior year.

India Records a Trade Deficit of ₹3,051.72 Crore in HSN Sub-Chapter 3403 Goods

In FY 2024-25, India's imports of ₹3,681.16 Cr exceeded exports of ₹629.44 Cr, resulting in a trade deficit of ₹3,051.72 Crore — ranking #1068 of 1233 by surplus magnitude.

Import Growth of 7.38% CAGR Signals Stable Import Dependency for lubricating preparations

India's imports under HSN Sub-Chapter 3403 have grown at 7.38% CAGR, reaching ₹3,681.16 Crore in FY 2024-25.

HSN Sub-Chapter 3403 Contributes 6.91% of Chapter 34 Exports — Ranked #5

Among the 7 subchapters under Chapter 34, HSN Sub-Chapter 3403 ranks #5 by export value — accounting for 6.91% of the chapter's total exports in FY 2024-25. On the import side, it holds 29.55% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 3403 and GST compliance.

What products are classified under HSN 3403

It includes lubricating preparations

What are the e‑way bill and e‑invoice points while moving lubricating preparations?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

Can I claim ITC on inputs and services used for lubricating preparations?

If your outward supply of lubricating preparations is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

Do spares or accessories of lubricating preparations follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

Any special steps when selling lubricating preparations through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

Does packaging or branding change how GST applies to lubricating preparations?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If lubricating preparations is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

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.

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