--- title: "3407 HSN Code | HSN Code for Modelling pastes and preparations in India" description: "Know more about 3407 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 3407 covering Modelling pastes and preparations." canonical: "https://busy.in/hsn/sub-chapter-3407/" --- # HSN Sub-chapter 3407: Modelling pastes and preparations Modelling pastes, including those put up for children’s amusement; preparations known as “dental wax” or as “dental impression compounds”, put up in sets, in packings for retail sale or in plates, horseshoe shapes,sticks or similar forms; other preparations for use in dentistry, with a basis of plaster (of calcined gypsum or calcium sulphate) Part of [Chapter 34: Soap, Washing Preparations, Waxes](https://busy.in/hsn/chapter-34/). - Current GST rate: 18% - Earlier GST rate: 18% ## HSN codes | Code | Title | | --- | --- | | 34070010 | [Miscellaneous \| Silver Compounds](https://busy.in/hsn/hsn-34070010/) | | 34070090 | [Dental Wax and Impression Compounds](https://busy.in/hsn/hsn-34070090/) | ## Frequently asked questions ### What products are classified under HSN 3407 It includes Modelling pastes and preparations ### Does packaging or branding change how GST applies to Modelling pastes and preparations? Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Modelling pastes and 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. ### Do spares or accessories of Modelling pastes and 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. ### If I repair and return Modelling pastes and preparations, 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. ### Can reverse charge ever apply to transactions involving Modelling pastes and preparations? Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Modelling pastes and preparations are forward charge. Check the current notifications for any special cases before deciding. ### What should my invoice and records include for Modelling pastes and preparations? 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. ## India's trade performance: HSN Sub-Chapter 3407 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹32 Cr (+11.30% YoY) — 0.0009% of India's total exports - Imports: ₹85 Cr (+3.63% YoY) — 0.0014% of India's total imports - Trade balance: −₹53 Cr (Deficit); surplus rank #680 of 1233 sub-chapters - Share of Chapter 34: 0.35% of its exports; import side 0.68% - Rank within Chapter 34: #7 of 7 by export value; import-side #6 ### Key metrics - Export CAGR: 15.97% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #960 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +86.61% in FY 2021-22 - Contribution to Ch. 34: 0.35% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 3407 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 | 13.00 | 0.0006% | — | 0.30% | 60.62 | 0.0017% | — | 0.94% | −47.62 | #986 | | FY 2019-20 | 23.34 | 0.0011% | +79.54% | 0.52% | 64.44 | 0.0019% | +6.30% | 1.06% | −41.10 | #926 | | FY 2020-21 | 14.49 | 0.0007% | −37.92% | 0.28% | 37.50 | 0.0013% | −41.81% | 0.55% | −23.01 | #970 | | FY 2021-22 | 27.04 | 0.0009% | +86.61% | 0.42% | 65.19 | 0.0014% | +73.84% | 0.69% | −38.15 | #941 | | FY 2022-23 | 28.97 | 0.0008% | +7.14% | 0.39% | 93.36 | 0.0016% | +43.21% | 0.85% | −64.39 | #951 | | FY 2023-24 | 28.41 | 0.0008% | −1.93% | 0.34% | 81.64 | 0.0015% | −12.55% | 0.83% | −53.23 | #966 | | FY 2024-25 | 31.62 | 0.0009% | +11.30% | 0.35% | 84.60 | 0.0014% | +3.63% | 0.68% | −52.98 | #960 | - CAGR (7-year): exports 15.97%/yr, imports 5.71%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 3407 export-import analysis ### Consistent export growth: 15.97% CAGR over 7 years India's exports under HSN Sub-Chapter 3407 have grown at a compound annual rate of 15.97% over 7 fiscal years, rising from ₹13.00 Crore in FY 2018-19 to ₹31.62 Crore in FY 2024-25. ### HSN Sub-Chapter 3407 ranked #960 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 3407 ranks #960 out of 1233 sub-chapters by total export value. Within Chapter 34, it ranks #7 of 7. By trade surplus, it ranks #680 of 1233. ### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 3407 exports The strongest single-year export movement for HSN Sub-Chapter 3407 was recorded in FY 2021-22, when exports surged by 86.61% over the prior year. ### India records a trade deficit of ₹52.98 Crore in HSN Sub-Chapter 3407 goods In FY 2024-25, India's imports of ₹84.60 Cr exceeded exports of ₹31.62 Cr, resulting in a trade deficit of ₹52.98 Crore — ranking #680 of 1233 by surplus magnitude. ### Import growth of 5.71% CAGR signals stable import dependency for Modelling pastes and preparations India's imports under HSN Sub-Chapter 3407 have grown at 5.71% CAGR, reaching ₹84.60 Crore in FY 2024-25. ### HSN Sub-Chapter 3407 contributes 0.35% of Chapter 34 exports — ranked #7 Among the 7 sub-chapters under Chapter 34, HSN Sub-Chapter 3407 ranks #7 by export value — accounting for 0.35% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.68% share (rank #6). ## 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](https://busy.in/hsn/sub-chapter-3406/) | ₹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 (this hsn sub-chapter) | ₹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/) | | 3406 | [Candles & tapers](https://busy.in/hsn/sub-chapter-3406/) |