3404 HSN Code: Artificial waxes

HSN Sub Chapter 3404 represents Artificial waxes under GST classification. This code helps businesses identify Artificial waxes correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 3404, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Artificial waxes.

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New GST Rate for HSN Code 3404

GST Rate for Artificial waxes under HSN Code 3404. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

34

HSN Code

3404

HSN Description

Artificial waxes and prepared waxes

New GST Rate

12 %
Standard

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 3404

Following tariff HSN codes fall under Artificial waxes.

Tariff HSN

34041000

Description

Artificial waxes and prepared waxes of chemically modified lignite

Tariff HSN

34042000

Description

Of poly (oxyethylene) (polyethylene glycol)

Tariff HSN

34049010

Description

Other : Sealing wax (including bottle sealing wax) in sticks, cakes or similar forms

Tariff HSN

34049020

Description

Other : Polyethylene wax

Tariff HSN

34049031

Description

Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly brominated biphenyls

Tariff HSN

34049032

Description

Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly chlorinated biphenyls

Tariff HSN

34049033

Description

Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Poly chlorinated terphenyls

Tariff HSN

34049039

Description

Other : Artificial waxes (including water soluble waxes) prepared waxes, not emulsified or containing solvents : Other

Tariff HSN

34049090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 3404 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

₹687 Cr

+10.45% vs FY 2023-24

0.0185% of India’s total exports

India’s Imports

FY 2024-25

₹2,102 Cr

+21.85% vs FY 2023-24

0.0345% of India’s total imports

Trade Balance

FY 2024-25

−₹1,415 Cr

Trade Deficit

Surplus rank #993 of 1233 subchapters

% of Chapter 34

FY 2024-25

7.54%

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

Import side: 16.88% of Chapter 34’s imports

Rank Within Chapter 34

FY 2024-25

#4 of 7

Position by export value among subchapters in Chapter 34

Import-side rank: #4 of 7

At a glance

14.61%

Export CAGR

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

#462

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+27.23%

Peak Growth Year

FY 2021-22 · strongest single-year move

7.54%

Contribution to Ch. 34

Share of Chapter 34 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 3404

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 #526

Balance

−563.45

Exports

303.12 ₹ Cr

0.0132% share

— YoY

7.00% of Ch. 34

Imports

866.57 ₹ Cr

0.0241% share

— YoY

13.41% of Ch. 34

FY 2019-20 Exp. Rank #499

Balance

−547.86

Exports

337.96 ₹ Cr

0.0153% share

+11.49% YoY

7.58% of Ch. 34

Imports

885.82 ₹ Cr

0.0264% share

+2.22% YoY

14.62% of Ch. 34

FY 2020-21 Exp. Rank #478

Balance

−448.18

Exports

384.25 ₹ Cr

0.0179% share

+13.70% YoY

7.33% of Ch. 34

Imports

832.43 ₹ Cr

0.0286% share

−6.03% YoY

12.17% of Ch. 34

FY 2021-22 Exp. Rank #482

Balance

−812.58

Exports

488.87 ₹ Cr

0.0156% share

+27.23% YoY

7.63% of Ch. 34

Imports

1,301.45 ₹ Cr

0.0285% share

+56.34% YoY

13.74% of Ch. 34

FY 2022-23 Exp. Rank #486

Balance

−1,274.25

Exports

554.10 ₹ Cr

0.0153% share

+13.34% YoY

7.44% of Ch. 34

Imports

1,828.35 ₹ Cr

0.0318% share

+40.49% YoY

16.72% of Ch. 34

FY 2023-24 Exp. Rank #470

Balance

−1,103.30

Exports

621.87 ₹ Cr

0.0172% share

+12.23% YoY

7.55% of Ch. 34

Imports

1,725.17 ₹ Cr

0.0307% share

−5.64% YoY

17.47% of Ch. 34

FY 2024-25 Exp. Rank #462

Balance

−1,415.35

Exports

686.85 ₹ Cr

0.0185% share

+10.45% YoY

7.54% of Ch. 34

Imports

2,102.20 ₹ Cr

0.0345% share

+21.85% YoY

16.88% of Ch. 34

CAGR · 7-Year

Exports

14.61% /yr

Imports

15.92% /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 3404 Export-Import Analysis

Consistent Export Growth: 14.61% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 3404 have grown at a compound annual rate of 14.61% over 7 fiscal years, rising from ₹303.12 Crore in FY 2018-19 to ₹686.85 Crore in FY 2024-25.

HSN Sub-Chapter 3404 Ranked #462 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 3404 ranks #462 out of 1233 subchapters by total export value. Within Chapter 34, it ranks #4 of 7. By trade surplus, it ranks #993 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 3404 Exports

The strongest single-year export movement for HSN Sub-Chapter 3404 was recorded in FY 2021-22, when exports surged by 27.23% over the prior year.

India Records a Trade Deficit of ₹1,415.35 Crore in HSN Sub-Chapter 3404 Goods

In FY 2024-25, India's imports of ₹2,102.20 Cr exceeded exports of ₹686.85 Cr, resulting in a trade deficit of ₹1,415.35 Crore — ranking #993 of 1233 by surplus magnitude.

Import Growth of 15.92% CAGR Signals Rising Demand for Artificial waxes

India's imports under HSN Sub-Chapter 3404 have grown at 15.92% CAGR, reaching ₹2,102.20 Crore in FY 2024-25.

HSN Sub-Chapter 3404 Contributes 7.54% of Chapter 34 Exports — Ranked #4

Among the 7 subchapters under Chapter 34, HSN Sub-Chapter 3404 ranks #4 by export value — accounting for 7.54% of the chapter's total exports in FY 2024-25. On the import side, it holds 16.88% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 3404 and GST compliance.

What products are classified under HSN 3404

It includes Artificial waxes

Any import/export nuance for Artificial 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.

Does MRP, weight or pack size change GST treatment for Artificial 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.

How are warranty replacements of Artificial 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.

Do spares or accessories of Artificial waxes 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.

How do I bill a kit or combo that includes Artificial 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.

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