3406 HSN Code: Candles & tapers

HSN Sub Chapter 3406 represents Candles & tapers under GST classification. This code helps businesses identify Candles & tapers correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 3406, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Candles & tapers.

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New GST Rate for HSN Code 3406

GST Rate for Candles & tapers under HSN Code 3406. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

34

HSN Code

3406

HSN Description

Candles, tapers and the like

New GST Rate

5 %
Essential

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 3406

Following tariff HSN codes fall under Candles & tapers.

Tariff HSN

34060010

Description

Candles, tapers and the like : Candles

Tariff HSN

34060090

Description

Candles, tapers and the like : Other

India’s Trade Performance — HSN Sub-Chapter 3406 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

₹824 Cr

+25.67% vs FY 2023-24

0.0222% of India’s total exports

India’s Imports

FY 2024-25

₹33 Cr

−36.61% vs FY 2023-24

0.0005% of India’s total imports

Trade Balance

FY 2024-25

₹790 Cr

Trade Surplus

Surplus rank #207 of 1233 subchapters

% of Chapter 34

FY 2024-25

9.04%

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

Import side: 0.27% of Chapter 34’s imports

Rank Within Chapter 34

FY 2024-25

#3 of 7

Position by export value among subchapters in Chapter 34

Import-side rank: #7 of 7

At a glance

9.94%

Export CAGR

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

#424

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+59.68%

Peak Growth Year

FY 2021-22 · strongest single-year move

9.04%

Contribution to Ch. 34

Share of Chapter 34 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #435

Balance

+433.62

Exports

466.38 ₹ Cr

0.0203% share

— YoY

10.77% of Ch. 34

Imports

32.76 ₹ Cr

0.0009% share

— YoY

0.51% of Ch. 34

FY 2019-20 Exp. Rank #459

Balance

+364.95

Exports

398.33 ₹ Cr

0.0180% share

−14.59% YoY

8.93% of Ch. 34

Imports

33.38 ₹ Cr

0.0010% share

+1.89% YoY

0.55% of Ch. 34

FY 2020-21 Exp. Rank #473

Balance

+371.03

Exports

396.83 ₹ Cr

0.0184% share

−0.38% YoY

7.57% of Ch. 34

Imports

25.80 ₹ Cr

0.0009% share

−22.71% YoY

0.38% of Ch. 34

FY 2021-22 Exp. Rank #425

Balance

+594.20

Exports

633.66 ₹ Cr

0.0202% share

+59.68% YoY

9.90% of Ch. 34

Imports

39.46 ₹ Cr

0.0009% share

+52.95% YoY

0.42% of Ch. 34

FY 2022-23 Exp. Rank #463

Balance

+538.07

Exports

605.84 ₹ Cr

0.0167% share

−4.39% YoY

8.13% of Ch. 34

Imports

67.77 ₹ Cr

0.0012% share

+71.74% YoY

0.62% of Ch. 34

FY 2023-24 Exp. Rank #462

Balance

+602.80

Exports

655.44 ₹ Cr

0.0181% share

+8.19% YoY

7.95% of Ch. 34

Imports

52.64 ₹ Cr

0.0009% share

−22.33% YoY

0.53% of Ch. 34

FY 2024-25 Exp. Rank #424

Balance

+790.31

Exports

823.68 ₹ Cr

0.0222% share

+25.67% YoY

9.04% of Ch. 34

Imports

33.37 ₹ Cr

0.0005% share

−36.61% YoY

0.27% of Ch. 34

CAGR · 7-Year

Exports

9.94% /yr

Imports

0.31% /yr

Consistently Surplus
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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 3406 ranks #424 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 3406 and GST compliance.

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.

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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