What products are classified under HSN 40012990 ?
It includes Natural rubber in other forms : Other : Other
HSN Code 40012990 represents Natural rubber in other forms : Other : Other under GST classification. This code helps businesses identify Natural rubber in other forms : Other : Other correctly for billing, taxation, and trade. With HSN Code 40012990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Natural rubber in other forms : Other : Other.
HSN Code 40012990 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 40 | Rubber and articles thereof | 4001 | Natural rubber, balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip | Natural rubber in other forms : Other : Other | 2.5% | 2.5% | 5% | 0% |
Natural rubber in other forms : Other : Other does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Natural rubber latex, whether or not pre-vulcanised : Prevulcanised | |
| 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 | |
| Balata, gutta-percha, guayule, chicle and similar natural gums |
Natural rubber latex, whether or not pre-vulcanised : Prevulcanised
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
Balata, gutta-percha, guayule, chicle and similar natural gums
It includes Natural rubber in other forms : Other : Other
Under HSN 40012990, Natural rubber in other forms : Other : Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Natural rubber in other forms : Other : Other; Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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.