HSN Code 40012990: 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 or export of Natural rubber in other forms : Other : Other.

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Description of Goods for HSN Code 40012990

HSN Code 40012990 relates to the following description.

Description of Goods

Natural rubber in other forms : Other : Other

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 40012990 not include?

Natural rubber in other forms : Other : Other does not include products with the following descriptions.

HSN Code 40011020

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

HSN Code 40012200

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

India’s Trade Performance — HSN Code 40012990 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

< ₹1 Crore

+290.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹64 Cr

−6.22% vs FY 2023-24

0.0011% of India’s total imports

Trade Balance

FY 2024-25

−₹63 Cr

Trade Deficit

Surplus rank #10426 of 12657 HSN codes

% of Sub-Chapter 4001

FY 2024-25

1.04%

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

Import side: 0.71% of Sub-Chapter 4001’s imports

Rank Within Sub-Chapter 4001

FY 2024-25

#5 of 10

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

Import-side rank: #4 of 10

At a glance

−28.73%

Export CAGR

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

#8455

National Export Rank

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

+290.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

1.04%

Contribution to Sub-Ch. 4001

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

India Export-Import Trade Statistics for HSN Code 40012990

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 #5657

Balance

−59.68

Exports

5.95 ₹ Cr

0.0003% share

— YoY

7.70% of Sub-Ch. 4001

Imports

65.63 ₹ Cr

0.0018% share

— YoY

1.07% of Sub-Ch. 4001

FY 2019-20 Exp. Rank #7759

Balance

−59.15

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−85.88% YoY

0.54% of Sub-Ch. 4001

Imports

59.99 ₹ Cr

0.0018% share

−8.59% YoY

1.22% of Sub-Ch. 4001

FY 2020-21 Exp. Rank #7121

Balance

−40.42

Exports

1.76 ₹ Cr

0.0001% share

+109.52% YoY

1.43% of Sub-Ch. 4001

Imports

42.18 ₹ Cr

0.0014% share

−29.69% YoY

0.91% of Sub-Ch. 4001

FY 2021-22 Exp. Rank #8939

Balance

−47.38

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−82.95% YoY

0.56% of Sub-Ch. 4001

Imports

47.68 ₹ Cr

0.0010% share

+13.04% YoY

0.62% of Sub-Ch. 4001

FY 2022-23 Exp. Rank #8780

Balance

−61.00

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+46.67% YoY

0.85% of Sub-Ch. 4001

Imports

61.44 ₹ Cr

0.0011% share

+28.86% YoY

0.82% of Sub-Ch. 4001

FY 2023-24 Exp. Rank #9440

Balance

−68.10

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−54.55% YoY

0.36% of Sub-Ch. 4001

Imports

68.30 ₹ Cr

0.0012% share

+11.17% YoY

1.12% of Sub-Ch. 4001

FY 2024-25 Exp. Rank #8455

Balance

−63.27

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+290.00% YoY

1.04% of Sub-Ch. 4001

Imports

64.05 ₹ Cr

0.0011% share

−6.22% YoY

0.71% of Sub-Ch. 4001

CAGR · 7-Year

Exports

−28.73% /yr

Imports

−0.41% /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 40012990 Export-Import Analysis

Export Decline: −28.73% CAGR Over 7 Years

India's exports under HSN Code 40012990 have declined at a compound annual rate of −28.73% over 7 fiscal years, falling from ₹5.95 Crore in FY 2018-19 to ₹0.78 Crore in FY 2024-25.

HSN Code 40012990 Ranked #8455 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40012990 ranks #8455 out of 12657 HSN codes by total export value. Within Sub-Chapter 4001, it ranks #5 of 10. By trade surplus, it ranks #10426 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 40012990 Exports

The strongest single-year export movement for HSN Code 40012990 was recorded in FY 2024-25, when exports surged by 290.00% over the prior year.

India Records a Trade Deficit of ₹63.27 Crore in HSN Code 40012990 Goods

In FY 2024-25, India's imports of ₹64.05 Cr exceeded exports of ₹0.78 Cr, resulting in a trade deficit of ₹63.27 Crore — ranking #10426 of 12657 by surplus magnitude.

Import Growth of −0.41% CAGR Signals Stable Import Dependency for Natural rubber in other forms : Other : Other

India's imports under HSN Code 40012990 have grown at −0.41% CAGR, reaching ₹64.05 Crore in FY 2024-25.

HSN Code 40012990 Contributes 1.04% of Sub-Chapter 4001 Exports — Ranked #5

Among the 10 HSN codes under Sub-Chapter 4001, HSN Code 40012990 ranks #5 by export value — accounting for 1.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.71% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40012990 and GST compliance.

What products are classified under HSN 40012990 ?

It includes Natural rubber in other forms : Other : Other

How much GST applies to 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.

How should mixed supplies be billed when Natural rubber in other forms : Other : Other is sold with other items?

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).

Can we claim ITC on inputs used to trade Natural rubber in other forms : Other : 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 in other forms : Other : 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.

Any common misclassification issue with Natural rubber in other forms : Other : Other?

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

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.