---
title: "HSN Code for Chemically Modified Natural Rubber | HSN 40023100 GST Rate"
description: "Find HSN and GST Rates for 40023100 related to Chemically Modified Natural Rubber with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-40023100/"
---

# HSN Code 40023100: Chemically Modified Natural Rubber

- [Section 07: Guide to HSN Section 07](https://busy.in/hsn/section-07/)
- [Chapter 40: Rubber and Articles Thereof](https://busy.in/hsn/chapter-40/)
- [Sub-chapter 4002: Synthetic rubber in primary forms](https://busy.in/hsn/sub-chapter-4002/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Isobutene-isoprene (butyl) rubber (IIR); halo-isobutene-isoprene rubber (CIIR or BIIR) : Isobutene-isoprene (butyl) rubber (IIR) | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 40023100 ?

It includes Chemically Modified Natural Rubber

### Do e‑way bill and e‑invoice apply for Chemically Modified Natural Rubber?

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.

### How should mixed supplies be billed when Chemically Modified Natural Rubber is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Chemically Modified Natural Rubber; Nil for exempt items if applicable).

### Does packaging or labelling change the GST for Chemically Modified Natural Rubber?

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 Chemically Modified Natural Rubber?

Under HSN 40023100, Chemically Modified Natural Rubber attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Chemically Modified Natural Rubber?

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

## India's trade performance: HSN Code 40023100 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹349 Cr (+76.65% YoY) — 0.0095% of India's total exports
- Imports: ₹292 Cr (−21.82% YoY) — 0.0048% of India's total imports
- Trade balance: ₹58 Cr (Surplus); surplus rank #2044 of 12657 HSN codes
- Share of Sub-Chapter 4002: 25.28% of its exports; import side 2.48%
- Rank within Sub-Chapter 4002: #2 of 21 by export value; import-side #10

### Key metrics

- Export CAGR: 117.61% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #1300 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +1,303.04% in FY 2019-20
- Contribution to Sub-Ch. 4002: 25.28% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 40023100

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 Sub-Ch. 4002 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4002 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 3.29 | 0.0001% | — | 0.45% | 1,008.88 | 0.0281% | — | 12.78% | −1,005.59 | #6365 |
| FY 2019-20 | 46.16 | 0.0021% | +1,303.04% | 6.08% | 613.50 | 0.0183% | −39.19% | 10.09% | −567.34 | #2995 |
| FY 2020-21 | 252.81 | 0.0118% | +447.68% | 30.81% | 457.15 | 0.0157% | −25.48% | 7.29% | −204.34 | #1161 |
| FY 2021-22 | 196.20 | 0.0063% | −22.39% | 17.19% | 457.87 | 0.0100% | +0.16% | 5.00% | −261.67 | #1668 |
| FY 2022-23 | 147.45 | 0.0041% | −24.85% | 15.30% | 428.01 | 0.0074% | −6.52% | 3.85% | −280.56 | #2072 |
| FY 2023-24 | 197.79 | 0.0055% | +34.14% | 18.03% | 373.09 | 0.0066% | −12.83% | 3.78% | −175.30 | #1794 |
| FY 2024-25 | 349.39 | 0.0095% | +76.65% | 25.28% | 291.69 | 0.0048% | −21.82% | 2.48% | +57.70 | #1300 |

- CAGR (7-year): exports 117.61%/yr, imports -18.68%/yr (consistently Surplus)

## Key trade insights: HSN Code 40023100 export-import analysis

### Consistent export growth: 117.61% CAGR over 7 years

India's exports under HSN Code 40023100 have grown at a compound annual rate of 117.61% over 7 fiscal years, rising from ₹3.29 Crore in FY 2018-19 to ₹349.39 Crore in FY 2024-25.

### HSN Code 40023100 ranked #1300 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 40023100 ranks #1300 out of 12657 HSN codes by total export value. Within Sub-Chapter 4002, it ranks #2 of 21. By trade surplus, it ranks #2044 of 12657.

### FY 2019-20 was the strongest growth year for HSN Code 40023100 exports

The strongest single-year export movement for HSN Code 40023100 was recorded in FY 2019-20, when exports surged by 1,303.04% over the prior year.

### India maintains a trade surplus of ₹57.70 Crore in HSN Code 40023100 goods

In FY 2024-25, India's exports of ₹349.39 Cr exceeded imports of ₹291.69 Cr, resulting in a trade surplus of ₹57.70 Crore — ranking #2044 of 12657 by surplus magnitude.

### Import growth of -18.68% CAGR signals stable import dependency for Chemically Modified Natural Rubber

India's imports under HSN Code 40023100 have grown at -18.68% CAGR, reaching ₹291.69 Crore in FY 2024-25.

### HSN Code 40023100 contributes 25.28% of Sub-Chapter 4002 exports — ranked #2

Among the 21 HSN codes under Sub-Chapter 4002, HSN Code 40023100 ranks #2 by export value — accounting for 25.28% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.48% share (rank #10).

## Related HSN Codes in Sub-Chapter 4002

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 40021100: SBR Latex](https://busy.in/hsn/hsn-40021100/) | ₹392 Cr |
| #2 | HSN Code 40023100: Chemically Modified Natural Rubber (this hsn code) | ₹349 Cr |
| #3 | [HSN Code 40025100: Acrylonitrile-butadiene rubber: Latex](https://busy.in/hsn/hsn-40025100/) | ₹175 Cr |
| #4 | [HSN Code 40021990: Other SBR](https://busy.in/hsn/hsn-40021990/) | ₹136 Cr |
| #5 | [HSN Code 40023900: Other Isobutene-Isoprene (Butyl) Rubber](https://busy.in/hsn/hsn-40023900/) | ₹83 Cr |
| #6 | [HSN Code 40029100: Other : Latex](https://busy.in/hsn/hsn-40029100/) | ₹56 Cr |
| #7 | [HSN Code 40022000: Butadiene rubber](https://busy.in/hsn/hsn-40022000/) | ₹46 Cr |
| #8 | [HSN Code 40027000: Ethylene-propylene diene rubber (EPDM)](https://busy.in/hsn/hsn-40027000/) | ₹39 Cr |
| #9 | [HSN Code 40021910: Isobutene-Isoprene (Butyl) Rubber](https://busy.in/hsn/hsn-40021910/) | ₹29 Cr |
| #10 | [HSN Code 40025900: Acrylonitrile-butadiene rubber: Other](https://busy.in/hsn/hsn-40025900/) | ₹25 Cr |