HSN Code 40023900: Other Isobutene-Isoprene (Butyl) Rubber

HSN Code 40023900 represents Other Isobutene-Isoprene (Butyl) Rubber under GST classification. This code helps businesses identify Other Isobutene-Isoprene (Butyl) Rubber correctly for billing, taxation, and trade. With HSN Code 40023900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Isobutene-Isoprene (Butyl) Rubber.

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Description of Goods for HSN Code 40023900

HSN Code 40023900 relates to the following description.

Description of Goods

Isobutene-isoprene (butyl) rubber (IIR); halo-isobutene-isoprene rubber (CIIR or BIIR) : Other

Chapter

40 - Rubber and articles thereof

Sub Chapter

4002 - Synthetic rubber and factice derived form oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 4001 with any product of this heading, in primary forms or in plates, sheets or strip

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 40023900 not include?

Other Isobutene-Isoprene (Butyl) Rubber does not include products with the following descriptions.

HSN Code 40021100

Styrene-butadiene rubber (SBR); carboxylated styrene-butadiene rubber (XSBR) : Latex

HSN Code 40021910

Styrene-butadiene rubber (SBR); carboxylated styrene-butadiene rubber (XSBR) : Other : Oil extended styrene butadiene rubber

HSN Code 40021920

Styrene-butadiene rubber (SBR); carboxylated styrene-butadiene rubber (XSBR) : Other : Styrene butadiene rubber with styrene content exceeding 50%

HSN Code 40021930

Styrene-butadiene rubber (SBR); carboxylated styrene-butadiene rubber (XSBR) : Other : Styrene butadiene styrene oil bound copolymer

HSN Code 40021990

Styrene-butadiene rubber (SBR); carboxylated styrene-butadiene rubber (XSBR) : Other : Other

HSN Code 40023100

Isobutene-isoprene (butyl) rubber (IIR); halo-isobutene-isoprene rubber (CIIR or BIIR) : Isobutene-isoprene (butyl) rubber (IIR)

HSN Code 40028010

Mixtures of any product of heading 40 01 with any product of this heading : Latex

HSN Code 40028020

Mixtures of any product of heading 40 01 with any product of this heading : Chemically modified form of natural rubber including graft rubber

HSN Code 40028090

Mixtures of any product of heading 40 01 with any product of this heading : Other

HSN Code 40029920

Other : Other : Tread rubber compound, cushion compound, cushion gum and tread gum for resoling or repairing or retreading rubber tyres

India’s Trade Performance — HSN Code 40023900 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

₹83 Cr

−38.75% vs FY 2023-24

0.0022% of India’s total exports

India’s Imports

FY 2024-25

₹995 Cr

+2.26% vs FY 2023-24

0.0164% of India’s total imports

Trade Balance

FY 2024-25

−₹912 Cr

Trade Deficit

Surplus rank #12182 of 12657 HSN codes

% of Sub-Chapter 4002

FY 2024-25

5.98%

Share of Sub-Chapter 4002’s total exports in FY 2024-25

Import side: 8.45% of Sub-Chapter 4002’s imports

Rank Within Sub-Chapter 4002

FY 2024-25

#5 of 21

Position by export value among HSN codes in Sub-Chapter 4002

Import-side rank: #4 of 21

At a glance

43.17%

Export CAGR

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

#2932

National Export Rank

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

+832.58%

Peak Growth Year

FY 2021-22 · strongest single-year move

5.98%

Contribution to Sub-Ch. 4002

Share of Sub-Chapter 4002 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #5031

Balance

−983.10

Exports

9.59 ₹ Cr

0.0004% share

— YoY

1.30% of Sub-Ch. 4002

Imports

992.69 ₹ Cr

0.0277% share

— YoY

12.57% of Sub-Ch. 4002

FY 2019-20 Exp. Rank #4876

Balance

−885.52

Exports

11.08 ₹ Cr

0.0005% share

+15.54% YoY

1.46% of Sub-Ch. 4002

Imports

896.60 ₹ Cr

0.0268% share

−9.68% YoY

14.75% of Sub-Ch. 4002

FY 2020-21 Exp. Rank #4991

Balance

−920.64

Exports

10.62 ₹ Cr

0.0005% share

−4.15% YoY

1.29% of Sub-Ch. 4002

Imports

931.26 ₹ Cr

0.0320% share

+3.87% YoY

14.86% of Sub-Ch. 4002

FY 2021-22 Exp. Rank #2427

Balance

−1,004.32

Exports

99.04 ₹ Cr

0.0032% share

+832.58% YoY

8.68% of Sub-Ch. 4002

Imports

1,103.36 ₹ Cr

0.0241% share

+18.48% YoY

12.05% of Sub-Ch. 4002

FY 2022-23 Exp. Rank #1999

Balance

−954.98

Exports

156.54 ₹ Cr

0.0043% share

+58.06% YoY

16.24% of Sub-Ch. 4002

Imports

1,111.52 ₹ Cr

0.0193% share

+0.74% YoY

9.99% of Sub-Ch. 4002

FY 2023-24 Exp. Rank #2234

Balance

−838.07

Exports

134.83 ₹ Cr

0.0037% share

−13.87% YoY

12.29% of Sub-Ch. 4002

Imports

972.90 ₹ Cr

0.0173% share

−12.47% YoY

9.87% of Sub-Ch. 4002

FY 2024-25 Exp. Rank #2932

Balance

−912.25

Exports

82.59 ₹ Cr

0.0022% share

−38.75% YoY

5.98% of Sub-Ch. 4002

Imports

994.84 ₹ Cr

0.0164% share

+2.26% YoY

8.45% of Sub-Ch. 4002

CAGR · 7-Year

Exports

43.17% /yr

Imports

0.04% /yr

Consistently Deficit
Sub-Chapter 4002 total

reference, FY 2024-25

Export

₹1,382.02 Cr

Import

₹11,779.35 Cr

Trade Balance

−10,397.33

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40023900 and GST compliance.

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.

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.