HSN Code 40011020: Natural Rubber Latex, Pre-Vulcanised or Not: Other

HSN Code 40011020 represents Natural Rubber Latex, Pre-Vulcanised or Not: Other under GST classification. This code helps businesses identify Natural Rubber Latex, Pre-Vulcanised or Not: Other correctly for billing, taxation, and trade. With HSN Code 40011020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Natural Rubber Latex, Pre-Vulcanised or Not: Other.

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Description of Goods for HSN Code 40011020

HSN Code 40011020 relates to the following description.

Description of Goods

Natural rubber latex, whether or not pre-vulcanised : Other than 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%

What does HSN Code 40011020 not include?

Natural Rubber Latex, Pre-Vulcanised or Not: Other does not include products with the following descriptions.

HSN Code 40012200

Natural rubber in other forms : Technically specified natural rubber (TSNR)

India’s Trade Performance — HSN Code 40011020 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

₹26 Cr

+484.09% vs FY 2023-24

0.0007% of India’s total exports

India’s Imports

FY 2024-25

₹88 Cr

+3.18% vs FY 2023-24

0.0014% of India’s total imports

Trade Balance

FY 2024-25

−₹62 Cr

Trade Deficit

Surplus rank #10411 of 12657 HSN codes

% of Sub-Chapter 4001

FY 2024-25

34.26%

Share of Sub-Chapter 4001’s total exports in FY 2024-25

Import side: 0.97% of Sub-Chapter 4001’s imports

Rank Within Sub-Chapter 4001

FY 2024-25

#2 of 10

Position by export value among HSN codes in Sub-Chapter 4001

Import-side rank: #3 of 10

At a glance

35.35%

Export CAGR

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

#4530

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+1,792.52%

Peak Growth Year

FY 2020-21 · strongest single-year move

34.26%

Contribution to Sub-Ch. 4001

Share of Sub-Chapter 4001 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 40011020

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 #6093

Balance

−45.38

Exports

4.18 ₹ Cr

0.0002% share

— YoY

5.41% of Sub-Ch. 4001

Imports

49.56 ₹ Cr

0.0014% share

— YoY

0.81% of Sub-Ch. 4001

FY 2019-20 Exp. Rank #5939

Balance

−40.90

Exports

4.68 ₹ Cr

0.0002% share

+11.96% YoY

3.03% of Sub-Ch. 4001

Imports

45.58 ₹ Cr

0.0014% share

−8.03% YoY

0.93% of Sub-Ch. 4001

FY 2020-21 Exp. Rank #2203

Balance

+71.53

Exports

88.57 ₹ Cr

0.0041% share

+1,792.52% YoY

71.84% of Sub-Ch. 4001

Imports

17.04 ₹ Cr

0.0006% share

−62.62% YoY

0.37% of Sub-Ch. 4001

FY 2021-22 Exp. Rank #5431

Balance

−69.50

Exports

10.44 ₹ Cr

0.0003% share

−88.21% YoY

19.40% of Sub-Ch. 4001

Imports

79.94 ₹ Cr

0.0017% share

+369.13% YoY

1.04% of Sub-Ch. 4001

FY 2022-23 Exp. Rank #5491

Balance

−33.87

Exports

11.09 ₹ Cr

0.0003% share

+6.23% YoY

21.51% of Sub-Ch. 4001

Imports

44.96 ₹ Cr

0.0008% share

−43.76% YoY

0.60% of Sub-Ch. 4001

FY 2023-24 Exp. Rank #6726

Balance

−80.45

Exports

4.40 ₹ Cr

0.0001% share

−60.32% YoY

7.99% of Sub-Ch. 4001

Imports

84.85 ₹ Cr

0.0015% share

+88.72% YoY

1.39% of Sub-Ch. 4001

FY 2024-25 Exp. Rank #4530

Balance

−61.85

Exports

25.70 ₹ Cr

0.0007% share

+484.09% YoY

34.26% of Sub-Ch. 4001

Imports

87.55 ₹ Cr

0.0014% share

+3.18% YoY

0.97% of Sub-Ch. 4001

CAGR · 7-Year

Exports

35.35% /yr

Imports

9.95% /yr

Consistently Deficit
Sub-Chapter 4001 total

reference, FY 2024-25

Export

₹75.01 Cr

Import

₹9,021.26 Cr

Trade Balance

−8,946.25

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 40011020 Export-Import Analysis

Consistent Export Growth: 35.35% CAGR Over 7 Years

India's exports under HSN Code 40011020 have grown at a compound annual rate of 35.35% over 7 fiscal years, rising from ₹4.18 Crore in FY 2018-19 to ₹25.70 Crore in FY 2024-25.

HSN Code 40011020 Ranked #4530 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40011020 ranks #4530 out of 12657 HSN codes by total export value. Within Sub-Chapter 4001, it ranks #2 of 10. By trade surplus, it ranks #10411 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 40011020 Exports

The strongest single-year export movement for HSN Code 40011020 was recorded in FY 2020-21, when exports surged by 1,792.52% over the prior year.

India Records a Trade Deficit of ₹61.85 Crore in HSN Code 40011020 Goods

In FY 2024-25, India's imports of ₹87.55 Cr exceeded exports of ₹25.70 Cr, resulting in a trade deficit of ₹61.85 Crore — ranking #10411 of 12657 by surplus magnitude.

Import Growth of 9.95% CAGR Signals Stable Import Dependency for Natural Rubber Latex, Pre-Vulcanised or Not: Other

India's imports under HSN Code 40011020 have grown at 9.95% CAGR, reaching ₹87.55 Crore in FY 2024-25.

HSN Code 40011020 Contributes 34.26% of Sub-Chapter 4001 Exports — Ranked #2

Among the 10 HSN codes under Sub-Chapter 4001, HSN Code 40011020 ranks #2 by export value — accounting for 34.26% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.97% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40011020 and GST compliance.

What products are classified under HSN 40011020 ?

It includes Natural Rubber Latex, Pre-Vulcanised or Not: Other

Do e‑way bill and e‑invoice apply for Natural Rubber Latex, Pre-Vulcanised or Not: Other?

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.

Any common misclassification issue with Natural Rubber Latex, Pre-Vulcanised or Not: Other?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade Natural Rubber Latex, Pre-Vulcanised or Not: Other?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Does packaging or labelling change the GST for Natural Rubber Latex, Pre-Vulcanised or Not: Other?

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.

How much GST applies to Natural Rubber Latex, Pre-Vulcanised or Not: Other?

Under HSN 40011020, Natural Rubber Latex, Pre-Vulcanised or Not: Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.