--- title: "HSN Code for Endless Flat Belts (Rubber < 25%) | HSN 40028020 GST Rate" description: "Find HSN and GST Rates for 40028020 related to Endless Flat Belts (Rubber < 25%) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40028020/" --- # HSN Code 40028020: Endless Flat Belts (Rubber < 25%) - [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 | | --- | --- | --- | --- | --- | | Mixtures of any product of heading 40 01 with any product of this heading : Chemically modified form of natural rubber including graft rubber | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40028020 ? It includes Endless Flat Belts (Rubber < 25%) ### How much GST applies to Endless Flat Belts (Rubber < 25%)? Under HSN 40028020, Endless Flat Belts (Rubber < 25%) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Endless Flat Belts (Rubber < 25%)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Endless Flat Belts (Rubber < 25%) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Endless Flat Belts (Rubber < 25%); Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Endless Flat Belts (Rubber < 25%)? 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. ### Do e‑way bill and e‑invoice apply for Endless Flat Belts (Rubber < 25%)? 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. ## India's trade performance: HSN Code 40028020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil — 0.0000% of India's total exports - Imports: ₹27 Cr (+32.35% YoY) — 0.0004% of India's total imports - Trade balance: −₹27 Cr (Deficit); surplus rank #9780 of 12657 HSN codes - Share of Sub-Chapter 4002: 0.00% of its exports; import side 0.23% ## India export-import trade statistics: HSN Code 40028020 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% | 17.53 | 0.0005% | — | 0.22% | −17.53 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | 16.83 | 0.0005% | −3.99% | 0.28% | −16.83 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | 14.97 | 0.0005% | −11.05% | 0.24% | −14.97 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | 20.93 | 0.0005% | +39.81% | 0.23% | −20.93 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | 25.36 | 0.0004% | +21.17% | 0.23% | −25.36 | — | | FY 2023-24 | Nil | 0.0000% | — | 0.00% | 20.59 | 0.0004% | −18.81% | 0.21% | −20.59 | — | | FY 2024-25 | Nil | 0.0000% | — | 0.00% | 27.25 | 0.0004% | +32.35% | 0.23% | −27.25 | — | - CAGR (7-year): exports —/yr, imports 7.63%/yr (consistently Deficit) ## Key trade insights: HSN Code 40028020 export-import analysis ### Export snapshot for HSN Code 40028020 India exported ₹0.00 Crore worth of Endless Flat Belts (Rubber < 25%) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### India records a trade deficit of ₹27.25 Crore in HSN Code 40028020 goods In FY 2024-25, India's imports of ₹27.25 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹27.25 Crore — ranking #9780 of 12657 by surplus magnitude. ### Import growth of 7.63% CAGR signals stable import dependency for Endless Flat Belts (Rubber < 25%) India's imports under HSN Code 40028020 have grown at 7.63% CAGR, reaching ₹27.25 Crore in FY 2024-25. ## 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 | | — | HSN Code 40028020: Endless Flat Belts (Rubber < 25%) (this hsn code) | Nil |