---
title: "HSN Code for Other : Latex | HSN 40029100 GST Rate"
description: "Find HSN and GST Rates for 40029100 related to Other : Latex with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-40029100/"
---

# HSN Code 40029100: Other : 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 |
| --- | --- | --- | --- | --- |
| Other : Latex | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 40029100 ?

It includes Other : Latex

### Can we claim ITC on inputs used to trade Other : 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 Other : Latex?

Under HSN 40029100, Other : Latex attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Other : 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 Other : Latex is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other : Latex; Nil for exempt items if applicable).

### Does packaging or labelling change the GST for Other : Latex?

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.

## India's trade performance: HSN Code 40029100 (FY 2024-25)

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

- Exports: ₹56 Cr (+28.62% YoY) — 0.0015% of India's total exports
- Imports: ₹21 Cr (−11.43% YoY) — 0.0003% of India's total imports
- Trade balance: ₹35 Cr (Surplus); surplus rank #2414 of 12657 HSN codes
- Share of Sub-Chapter 4002: 4.05% of its exports; import side 0.18%
- Rank within Sub-Chapter 4002: #6 of 21 by export value; import-side #18

### Key metrics

- Export CAGR: 53.80% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #3469 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +156.26% in FY 2019-20
- Contribution to Sub-Ch. 4002: 4.05% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 40029100

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 | 4.23 | 0.0002% | — | 0.57% | 38.59 | 0.0011% | — | 0.49% | −34.36 | #6079 |
| FY 2019-20 | 10.84 | 0.0005% | +156.26% | 1.43% | 26.12 | 0.0008% | −32.31% | 0.43% | −15.28 | #4903 |
| FY 2020-21 | 11.15 | 0.0005% | +2.86% | 1.36% | 18.70 | 0.0006% | −28.41% | 0.30% | −7.55 | #4927 |
| FY 2021-22 | 23.88 | 0.0008% | +114.17% | 2.09% | 44.91 | 0.0010% | +140.16% | 0.49% | −21.03 | #4358 |
| FY 2022-23 | 29.80 | 0.0008% | +24.79% | 3.09% | 26.21 | 0.0005% | −41.64% | 0.24% | +3.59 | #4186 |
| FY 2023-24 | 43.53 | 0.0012% | +46.07% | 3.97% | 23.63 | 0.0004% | −9.84% | 0.24% | +19.90 | #3724 |
| FY 2024-25 | 55.99 | 0.0015% | +28.62% | 4.05% | 20.93 | 0.0003% | −11.43% | 0.18% | +35.06 | #3469 |

- CAGR (7-year): exports 53.80%/yr, imports -9.69%/yr (consistently Surplus)

## Key trade insights: HSN Code 40029100 export-import analysis

### Consistent export growth: 53.80% CAGR over 7 years

India's exports under HSN Code 40029100 have grown at a compound annual rate of 53.80% over 7 fiscal years, rising from ₹4.23 Crore in FY 2018-19 to ₹55.99 Crore in FY 2024-25.

### HSN Code 40029100 ranked #3469 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 40029100 ranks #3469 out of 12657 HSN codes by total export value. Within Sub-Chapter 4002, it ranks #6 of 21. By trade surplus, it ranks #2414 of 12657.

### FY 2019-20 was the strongest growth year for HSN Code 40029100 exports

The strongest single-year export movement for HSN Code 40029100 was recorded in FY 2019-20, when exports surged by 156.26% over the prior year.

### India maintains a trade surplus of ₹35.06 Crore in HSN Code 40029100 goods

In FY 2024-25, India's exports of ₹55.99 Cr exceeded imports of ₹20.93 Cr, resulting in a trade surplus of ₹35.06 Crore — ranking #2414 of 12657 by surplus magnitude.

### Import growth of -9.69% CAGR signals stable import dependency for Other : Latex

India's imports under HSN Code 40029100 have grown at -9.69% CAGR, reaching ₹20.93 Crore in FY 2024-25.

### HSN Code 40029100 contributes 4.05% of Sub-Chapter 4002 exports — ranked #6

Among the 21 HSN codes under Sub-Chapter 4002, HSN Code 40029100 ranks #6 by export value — accounting for 4.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.18% share (rank #18).

## 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 (this hsn code) | ₹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 |