--- title: "HSN Code for Other Isobutene-Isoprene (Butyl) Rubber | HSN 40023900 GST Rate" description: "Find HSN and GST Rates for 40023900 related to Other Isobutene-Isoprene (Butyl) Rubber with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40023900/" --- # HSN Code 40023900: Other Isobutene-Isoprene (Butyl) 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) : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40023900 ? It includes Other Isobutene-Isoprene (Butyl) Rubber ### Any common misclassification issue with Other Isobutene-Isoprene (Butyl) Rubber? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Other Isobutene-Isoprene (Butyl) Rubber is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Isobutene-Isoprene (Butyl) Rubber; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Other Isobutene-Isoprene (Butyl) 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 Other Isobutene-Isoprene (Butyl) Rubber? Under HSN 40023900, Other Isobutene-Isoprene (Butyl) Rubber attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Other Isobutene-Isoprene (Butyl) 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. ### Can we claim ITC on inputs used to trade Other Isobutene-Isoprene (Butyl) 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 40023900 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹83 Cr (−38.75% YoY) — 0.0022% of India's total exports - Imports: ₹995 Cr (+2.26% YoY) — 0.0164% of India's total imports - Trade balance: −₹912 Cr (Deficit); surplus rank #12182 of 12657 HSN codes - Share of Sub-Chapter 4002: 5.98% of its exports; import side 8.45% - Rank within Sub-Chapter 4002: #5 of 21 by export value; import-side #4 ### Key metrics - Export CAGR: 43.17% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2932 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +832.58% in FY 2021-22 - Contribution to Sub-Ch. 4002: 5.98% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40023900 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 | 9.59 | 0.0004% | — | 1.30% | 992.69 | 0.0277% | — | 12.57% | −983.10 | #5031 | | FY 2019-20 | 11.08 | 0.0005% | +15.54% | 1.46% | 896.60 | 0.0268% | −9.68% | 14.75% | −885.52 | #4876 | | FY 2020-21 | 10.62 | 0.0005% | −4.15% | 1.29% | 931.26 | 0.0320% | +3.87% | 14.86% | −920.64 | #4991 | | FY 2021-22 | 99.04 | 0.0032% | +832.58% | 8.68% | 1,103.36 | 0.0241% | +18.48% | 12.05% | −1,004.32 | #2427 | | FY 2022-23 | 156.54 | 0.0043% | +58.06% | 16.24% | 1,111.52 | 0.0193% | +0.74% | 9.99% | −954.98 | #1999 | | FY 2023-24 | 134.83 | 0.0037% | −13.87% | 12.29% | 972.90 | 0.0173% | −12.47% | 9.87% | −838.07 | #2234 | | FY 2024-25 | 82.59 | 0.0022% | −38.75% | 5.98% | 994.84 | 0.0164% | +2.26% | 8.45% | −912.25 | #2932 | - CAGR (7-year): exports 43.17%/yr, imports 0.04%/yr (consistently Deficit) ## Key trade insights: HSN Code 40023900 export-import analysis ### Consistent export growth: 43.17% CAGR over 7 years India's exports under HSN Code 40023900 have grown at a compound annual rate of 43.17% over 7 fiscal years, rising from ₹9.59 Crore in FY 2018-19 to ₹82.59 Crore in FY 2024-25. ### HSN Code 40023900 ranked #2932 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40023900 ranks #2932 out of 12657 HSN codes by total export value. Within Sub-Chapter 4002, it ranks #5 of 21. By trade surplus, it ranks #12182 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 40023900 exports The strongest single-year export movement for HSN Code 40023900 was recorded in FY 2021-22, when exports surged by 832.58% over the prior year. ### India records a trade deficit of ₹912.25 Crore in HSN Code 40023900 goods In FY 2024-25, India's imports of ₹994.84 Cr exceeded exports of ₹82.59 Cr, resulting in a trade deficit of ₹912.25 Crore — ranking #12182 of 12657 by surplus magnitude. ### Import growth of 0.04% CAGR signals stable import dependency for Other Isobutene-Isoprene (Butyl) Rubber India's imports under HSN Code 40023900 have grown at 0.04% CAGR, reaching ₹994.84 Crore in FY 2024-25. ### HSN Code 40023900 contributes 5.98% of Sub-Chapter 4002 exports — ranked #5 Among the 21 HSN codes under Sub-Chapter 4002, HSN Code 40023900 ranks #5 by export value — accounting for 5.98% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 8.45% share (rank #4). ## 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](https://busy.in/hsn/hsn-40023100/) | ₹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 (this hsn code) | ₹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 |