--- title: "HSN Code for Chloroprene Rubber (CR) Latex | HSN 40024100 GST Rate" description: "Find HSN and GST Rates for 40024100 related to Chloroprene Rubber (CR) Latex with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40024100/" --- # HSN Code 40024100: Chloroprene Rubber (CR) Latex - [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 | | --- | --- | --- | --- | --- | | Chlorprene (Chlorobutadiene) rubber (CR) : Latex | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40024100 ? It includes Chloroprene Rubber (CR) Latex ### Do e‑way bill and e‑invoice apply for Chloroprene Rubber (CR) Latex? 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 Chloroprene Rubber (CR) Latex? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Chloroprene Rubber (CR) Latex? Under HSN 40024100, Chloroprene Rubber (CR) Latex attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Chloroprene Rubber (CR) Latex? 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 Chloroprene Rubber (CR) Latex is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Chloroprene Rubber (CR) Latex; Nil for exempt items if applicable). ## India's trade performance: HSN Code 40024100 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore — 0.0000% of India's total exports - Imports: ₹10 Cr (−6.38% YoY) — 0.0002% of India's total imports - Trade balance: −₹10 Cr (Deficit); surplus rank #9056 of 12657 HSN codes - Share of Sub-Chapter 4002: 0.00% of its exports; import side 0.08% - Rank within Sub-Chapter 4002: #20 of 21 by export value; import-side #20 ### Key metrics - National export rank: #10305 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +733.33% in FY 2021-22 - Contribution to Sub-Ch. 4002: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40024100 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 | Nil | 0.0000% | — | 0.00% | 2.78 | 0.0001% | — | 0.04% | −2.78 | — | | FY 2019-20 | < ₹1 Crore | 0.0000% | — | 0.01% | 1.56 | 0.0000% | −43.88% | 0.03% | −1.50 | #9399 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −50.00% | 0.00% | 2.69 | 0.0001% | +72.44% | 0.04% | −2.66 | #9719 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +733.33% | 0.02% | 3.08 | 0.0001% | +14.50% | 0.03% | −2.83 | #9054 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +48.00% | 0.04% | 11.99 | 0.0002% | +289.29% | 0.11% | −11.62 | #8913 | | FY 2023-24 | Nil | 0.0000% | −100.00% | 0.00% | 10.34 | 0.0002% | −13.76% | 0.10% | −10.34 | — | | FY 2024-25 | < ₹1 Crore | 0.0000% | — | 0.00% | 9.68 | 0.0002% | −6.38% | 0.08% | −9.66 | #10305 | - CAGR (7-year): exports —/yr, imports 23.11%/yr (consistently Deficit) ## Key trade insights: HSN Code 40024100 export-import analysis ### Export snapshot for HSN Code 40024100 India exported ₹0.02 Crore worth of Chloroprene Rubber (CR) Latex in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 40024100 ranked #10305 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40024100 ranks #10305 out of 12657 HSN codes by total export value. Within Sub-Chapter 4002, it ranks #20 of 21. By trade surplus, it ranks #9056 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 40024100 exports The strongest single-year export movement for HSN Code 40024100 was recorded in FY 2021-22, when exports surged by 733.33% over the prior year. ### India records a trade deficit of ₹9.66 Crore in HSN Code 40024100 goods In FY 2024-25, India's imports of ₹9.68 Cr exceeded exports of ₹0.02 Cr, resulting in a trade deficit of ₹9.66 Crore — ranking #9056 of 12657 by surplus magnitude. ### Import growth of 23.11% CAGR signals rising demand for Chloroprene Rubber (CR) Latex India's imports under HSN Code 40024100 have grown at 23.11% CAGR, reaching ₹9.68 Crore in FY 2024-25. ### HSN Code 40024100 contributes 0.00% of Sub-Chapter 4002 exports — ranked #20 Among the 21 HSN codes under Sub-Chapter 4002, HSN Code 40024100 ranks #20 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #20). ## 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](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 | | #20 | HSN Code 40024100: Chloroprene Rubber (CR) Latex (this hsn code) | < ₹1 Crore |