HSN Code 40011010 represents Prevulcanised rubber latex under GST classification. This code helps businesses identify Prevulcanised rubber latex correctly for billing, taxation, and trade. With HSN Code 40011010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Prevulcanised rubber latex.
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HSN Code 40011010 relates to the following description.
Description of Goods
Natural rubber latex, whether or not pre-vulcanised : Prevulcanised
Chapter
40 - Rubber and articles thereof
Sub Chapter
4001 - Natural rubber, balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Prevulcanised rubber latex does not include products with the following descriptions.
Natural rubber latex, whether or not pre-vulcanised : Other than prevulcanised
Natural rubber in other forms : Smoked sheets
Natural rubber in other forms : Technically specified natural rubber (TSNR)
Natural rubber in other forms : Other : Hevea
Natural rubber in other forms : Other : Pale crepe
Natural rubber in other forms : Other : Estate brown crepe
Natural rubber in other forms : Other : Oil extended natural rubber
Natural rubber in other forms : Other : Other
Balata, gutta-percha, guayule, chicle and similar natural gums
Natural rubber latex, whether or not pre-vulcanised : Other than prevulcanised
Natural rubber in other forms : Smoked sheets
Natural rubber in other forms : Technically specified natural rubber (TSNR)
Natural rubber in other forms : Other : Hevea
Natural rubber in other forms : Other : Pale crepe
Natural rubber in other forms : Other : Estate brown crepe
Natural rubber in other forms : Other : Oil extended natural rubber
Natural rubber in other forms : Other : Other
Balata, gutta-percha, guayule, chicle and similar natural gums
India’s Exports
FY 2024-25₹6 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹11 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹5 Cr
Surplus rank #8672 of 12657 HSN codes
% of Sub-Chapter 4001
FY 2024-257.88%
Share of Sub-Chapter 4001’s total exports in FY 2024-25
Import side: 0.13% of Sub-Chapter 4001’s imports
Rank Within Sub-Chapter 4001
FY 2024-25#4 of 10
Position by export value among HSN codes in Sub-Chapter 4001
Import-side rank: #5 of 10
At a glance
6.46%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6419
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+366.67%
Peak Growth Year
FY 2021-22 · strongest single-year move
7.88%
Contribution to Sub-Ch. 4001
Share of Sub-Chapter 4001 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−8.03
Exports
4.06 ₹ Cr
0.0002% share
— YoY
5.25% of Sub-Ch. 4001
Imports
12.09 ₹ Cr
0.0003% share
— YoY
0.20% of Sub-Ch. 4001
Balance
−12.84
Exports
5.13 ₹ Cr
0.0002% share
+26.35% YoY
3.32% of Sub-Ch. 4001
Imports
17.97 ₹ Cr
0.0005% share
+48.64% YoY
0.36% of Sub-Ch. 4001
Balance
−11.51
Exports
1.14 ₹ Cr
0.0001% share
−77.78% YoY
0.92% of Sub-Ch. 4001
Imports
12.65 ₹ Cr
0.0004% share
−29.60% YoY
0.27% of Sub-Ch. 4001
Balance
−28.70
Exports
5.32 ₹ Cr
0.0002% share
+366.67% YoY
9.89% of Sub-Ch. 4001
Imports
34.02 ₹ Cr
0.0007% share
+168.93% YoY
0.44% of Sub-Ch. 4001
Balance
−8.73
Exports
2.83 ₹ Cr
0.0001% share
−46.80% YoY
5.49% of Sub-Ch. 4001
Imports
11.56 ₹ Cr
0.0002% share
−66.02% YoY
0.15% of Sub-Ch. 4001
Balance
−16.28
Exports
5.52 ₹ Cr
0.0002% share
+95.05% YoY
10.02% of Sub-Ch. 4001
Imports
21.80 ₹ Cr
0.0004% share
+88.58% YoY
0.36% of Sub-Ch. 4001
Balance
−5.49
Exports
5.91 ₹ Cr
0.0002% share
+7.07% YoY
7.88% of Sub-Ch. 4001
Imports
11.40 ₹ Cr
0.0002% share
−47.71% YoY
0.13% of Sub-Ch. 4001
CAGR · 7-Year
Exports
6.46% /yr
Imports
−0.97% /yr
reference, FY 2024-25
Export
₹75.01 Cr
Import
₹9,021.26 Cr
Trade Balance
−8,946.25
India's exports under HSN Code 40011010 have grown at a compound annual rate of 6.46% over 7 fiscal years, rising from ₹4.06 Crore in FY 2018-19 to ₹5.91 Crore in FY 2024-25.
In FY 2024-25, HSN Code 40011010 ranks #6419 out of 12657 HSN codes by total export value. Within Sub-Chapter 4001, it ranks #4 of 10. By trade surplus, it ranks #8672 of 12657.
The strongest single-year export movement for HSN Code 40011010 was recorded in FY 2021-22, when exports surged by 366.67% over the prior year.
In FY 2024-25, India's imports of ₹11.40 Cr exceeded exports of ₹5.91 Cr, resulting in a trade deficit of ₹5.49 Crore — ranking #8672 of 12657 by surplus magnitude.
India's imports under HSN Code 40011010 have grown at −0.97% CAGR, reaching ₹11.40 Crore in FY 2024-25.
Among the 10 HSN codes under Sub-Chapter 4001, HSN Code 40011010 ranks #4 by export value — accounting for 7.88% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.13% share (rank #5).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 40011010 and GST compliance.
It includes Prevulcanised rubber latex
Under HSN 40011010, Prevulcanised rubber latex attracts Varies when sold in taxable form. Describe the exact form on the invoice.
For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.