--- title: "3406 HSN Code | HSN Code for Candles & tapers in India" description: "Know more about 3406 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 3406 covering Candles & tapers." canonical: "https://busy.in/hsn/sub-chapter-3406/" --- # HSN Sub-chapter 3406: Candles & tapers Candles, tapers and the like Part of [Chapter 34: Soap, Washing Preparations, Waxes](https://busy.in/hsn/chapter-34/). - Current GST rate: 5% - Earlier GST rate: 18% ## HSN codes | Code | Title | | --- | --- | | 34060010 | [Candles](https://busy.in/hsn/hsn-34060010/) | | 34060090 | [Candles: Other](https://busy.in/hsn/hsn-34060090/) | ## Frequently asked questions ### What products are classified under HSN 3406 It includes Candles & tapers ### Is the composition scheme suitable if I mainly trade Candles & tapers? The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in. ### What should my invoice and records include for Candles & tapers? Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail. ### How do I bill a kit or combo that includes Candles & tapers? 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. ### Can I claim ITC on inputs and services used for Candles & tapers? If your outward supply of Candles & tapers 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. ### What misclassification mistakes happen with Candles & tapers? Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper. ## India's trade performance: HSN Sub-Chapter 3406 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹824 Cr (+25.67% YoY) — 0.0222% of India's total exports - Imports: ₹33 Cr (−36.61% YoY) — 0.0005% of India's total imports - Trade balance: ₹790 Cr (Surplus); surplus rank #207 of 1233 sub-chapters - Share of Chapter 34: 9.04% of its exports; import side 0.27% - Rank within Chapter 34: #3 of 7 by export value; import-side #7 ### Key metrics - Export CAGR: 9.94% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #424 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +59.68% in FY 2021-22 - Contribution to Ch. 34: 9.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 3406 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 Ch. 34 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 34 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 466.38 | 0.0203% | — | 10.77% | 32.76 | 0.0009% | — | 0.51% | +433.62 | #435 | | FY 2019-20 | 398.33 | 0.0180% | −14.59% | 8.93% | 33.38 | 0.0010% | +1.89% | 0.55% | +364.95 | #459 | | FY 2020-21 | 396.83 | 0.0184% | −0.38% | 7.57% | 25.80 | 0.0009% | −22.71% | 0.38% | +371.03 | #473 | | FY 2021-22 | 633.66 | 0.0202% | +59.68% | 9.90% | 39.46 | 0.0009% | +52.95% | 0.42% | +594.20 | #425 | | FY 2022-23 | 605.84 | 0.0167% | −4.39% | 8.13% | 67.77 | 0.0012% | +71.74% | 0.62% | +538.07 | #463 | | FY 2023-24 | 655.44 | 0.0181% | +8.19% | 7.95% | 52.64 | 0.0009% | −22.33% | 0.53% | +602.80 | #462 | | FY 2024-25 | 823.68 | 0.0222% | +25.67% | 9.04% | 33.37 | 0.0005% | −36.61% | 0.27% | +790.31 | #424 | - CAGR (7-year): exports 9.94%/yr, imports 0.31%/yr (consistently Surplus) ## Key trade insights: HSN Sub-Chapter 3406 export-import analysis ### Consistent export growth: 9.94% CAGR over 7 years India's exports under HSN Sub-Chapter 3406 have grown at a compound annual rate of 9.94% over 7 fiscal years, rising from ₹466.38 Crore in FY 2018-19 to ₹823.68 Crore in FY 2024-25. ### HSN Sub-Chapter 3406 ranked #424 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 3406 ranks #424 out of 1233 sub-chapters by total export value. Within Chapter 34, it ranks #3 of 7. By trade surplus, it ranks #207 of 1233. ### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 3406 exports The strongest single-year export movement for HSN Sub-Chapter 3406 was recorded in FY 2021-22, when exports surged by 59.68% over the prior year. ### India maintains a trade surplus of ₹790.31 Crore in HSN Sub-Chapter 3406 goods In FY 2024-25, India's exports of ₹823.68 Cr exceeded imports of ₹33.37 Cr, resulting in a trade surplus of ₹790.31 Crore — ranking #207 of 1233 by surplus magnitude. ### Import growth of 0.31% CAGR signals stable import dependency for Candles & tapers India's imports under HSN Sub-Chapter 3406 have grown at 0.31% CAGR, reaching ₹33.37 Crore in FY 2024-25. ### HSN Sub-Chapter 3406 contributes 9.04% of Chapter 34 exports — ranked #3 Among the 7 sub-chapters under Chapter 34, HSN Sub-Chapter 3406 ranks #3 by export value — accounting for 9.04% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.27% share (rank #7). ## Related Sub-Chapters in Chapter 34 Ranked by export value (FY 2024-25). | Rank | HSN Sub-Chapter | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Sub-Chapter 3402: Surface-active agents](https://busy.in/hsn/sub-chapter-3402/) | ₹5,472 Cr | | #2 | [HSN Sub-Chapter 3401: Soap; organic surface-active products](https://busy.in/hsn/sub-chapter-3401/) | ₹1,374 Cr | | #3 | HSN Sub-Chapter 3406: Candles & tapers (this hsn sub-chapter) | ₹824 Cr | | #4 | [HSN Sub-Chapter 3404: Artificial waxes](https://busy.in/hsn/sub-chapter-3404/) | ₹687 Cr | | #5 | [HSN Sub-Chapter 3403: lubricating preparations](https://busy.in/hsn/sub-chapter-3403/) | ₹629 Cr | | #6 | [HSN Sub-Chapter 3405: Footwear creams](https://busy.in/hsn/sub-chapter-3405/) | ₹92 Cr | | #7 | [HSN Sub-Chapter 3407: Modelling pastes and preparations](https://busy.in/hsn/sub-chapter-3407/) | ₹32 Cr | ## Other sub-chapters | Code | Title | | --- | --- | | 3401 | [Soap; organic surface-active products](https://busy.in/hsn/sub-chapter-3401/) | | 3402 | [Surface-active agents](https://busy.in/hsn/sub-chapter-3402/) | | 3403 | [lubricating preparations](https://busy.in/hsn/sub-chapter-3403/) | | 3404 | [Artificial waxes](https://busy.in/hsn/sub-chapter-3404/) | | 3405 | [Footwear creams](https://busy.in/hsn/sub-chapter-3405/) | | 3407 | [Modelling pastes and preparations](https://busy.in/hsn/sub-chapter-3407/) |