HSN Code 40029100: Other : Latex

HSN Code 40029100 represents Other : Latex under GST classification. This code helps businesses identify Other : Latex correctly for billing, taxation, and trade. With HSN Code 40029100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other : Latex.

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Description of Goods for HSN Code 40029100

HSN Code 40029100 relates to the following description.

Description of Goods

Other : Latex

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 40029100 not include?

Other : Latex 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 40023900

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

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 40029100 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

₹56 Cr

+28.62% vs FY 2023-24

0.0015% of India’s total exports

India’s Imports

FY 2024-25

₹21 Cr

−11.43% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

₹35 Cr

Trade Surplus

Surplus rank #2414 of 12657 HSN codes

% of Sub-Chapter 4002

FY 2024-25

4.05%

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

Import side: 0.18% of Sub-Chapter 4002’s imports

Rank Within Sub-Chapter 4002

FY 2024-25

#6 of 21

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

Import-side rank: #18 of 21

At a glance

53.80%

Export CAGR

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

#3469

National Export Rank

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

+156.26%

Peak Growth Year

FY 2019-20 · strongest single-year move

4.05%

Contribution to Sub-Ch. 4002

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6079

Balance

−34.36

Exports

4.23 ₹ Cr

0.0002% share

— YoY

0.57% of Sub-Ch. 4002

Imports

38.59 ₹ Cr

0.0011% share

— YoY

0.49% of Sub-Ch. 4002

FY 2019-20 Exp. Rank #4903

Balance

−15.28

Exports

10.84 ₹ Cr

0.0005% share

+156.26% YoY

1.43% of Sub-Ch. 4002

Imports

26.12 ₹ Cr

0.0008% share

−32.31% YoY

0.43% of Sub-Ch. 4002

FY 2020-21 Exp. Rank #4927

Balance

−7.55

Exports

11.15 ₹ Cr

0.0005% share

+2.86% YoY

1.36% of Sub-Ch. 4002

Imports

18.70 ₹ Cr

0.0006% share

−28.41% YoY

0.30% of Sub-Ch. 4002

FY 2021-22 Exp. Rank #4358

Balance

−21.03

Exports

23.88 ₹ Cr

0.0008% share

+114.17% YoY

2.09% of Sub-Ch. 4002

Imports

44.91 ₹ Cr

0.0010% share

+140.16% YoY

0.49% of Sub-Ch. 4002

FY 2022-23 Exp. Rank #4186

Balance

+3.59

Exports

29.80 ₹ Cr

0.0008% share

+24.79% YoY

3.09% of Sub-Ch. 4002

Imports

26.21 ₹ Cr

0.0005% share

−41.64% YoY

0.24% of Sub-Ch. 4002

FY 2023-24 Exp. Rank #3724

Balance

+19.90

Exports

43.53 ₹ Cr

0.0012% share

+46.07% YoY

3.97% of Sub-Ch. 4002

Imports

23.63 ₹ Cr

0.0004% share

−9.84% YoY

0.24% of Sub-Ch. 4002

FY 2024-25 Exp. Rank #3469

Balance

+35.06

Exports

55.99 ₹ Cr

0.0015% share

+28.62% YoY

4.05% of Sub-Ch. 4002

Imports

20.93 ₹ Cr

0.0003% share

−11.43% YoY

0.18% of Sub-Ch. 4002

CAGR · 7-Year

Exports

53.80% /yr

Imports

−9.69% /yr

Consistently Surplus
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40029100 and GST compliance.

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.

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.