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HSN Code 40029100: Other Synthetic Rubber Latex

HSN Code 40029100 represents Other Synthetic Rubber Latex under GST classification. This code helps businesses identify Other Synthetic Rubber 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 Synthetic Rubber 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 Synthetic Rubber 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

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India’s Trade Performance — HSN Code 40029100 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹46 Cr

−18.68% vs FY 2024-25

0.0012% of India’s total exports

India’s Imports

FY 2025-26

₹19 Cr

−11.18% vs FY 2024-25

0.0003% of India’s total imports

Trade Balance

FY 2025-26

₹27 Cr

Trade Surplus

Surplus rank #2689 of 12872 HSN codes

% of Sub-Chapter 4002

FY 2025-26

3.58%

Share of Sub-Chapter 4002’s total exports in FY 2025-26

Import side: 0.14% of Sub-Chapter 4002’s imports

Rank Within Sub-Chapter 4002

FY 2025-26

#8 of 21

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

Import-side rank: #18 of 21

At a glance

40.42%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#3928

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+156.26%

Peak Growth Year

FY 2019-20 · strongest single-year move

3.58%

Contribution to Sub-Ch. 4002

Share of Sub-Chapter 4002 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 40029100

8-year export and import data, FY 2018-19 to FY 2025-26, 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

FY 2025-26 Exp. Rank #3928

Balance

+26.94

Exports

45.53 ₹ Cr

0.0012% share

−18.68% YoY

3.58% of Sub-Ch. 4002

Imports

18.59 ₹ Cr

0.0003% share

−11.18% YoY

0.14% of Sub-Ch. 4002

CAGR · 8-Year

Exports

40.42% /yr

Imports

−9.91% /yr

Consistently Surplus
Sub-Chapter 4002 total

reference, FY 2025-26

Export

₹1,272.46 Cr

Import

₹12,858.64 Cr

Trade Balance

−11,586.18

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: 40.42% CAGR Over 8 Years

India's exports under HSN Code 40029100 have grown at a compound annual rate of 40.42% over 8 fiscal years, rising from ₹4.23 Crore in FY 2018-19 to ₹45.53 Crore in FY 2025-26.

HSN Code 40029100 Ranked #3928 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 40029100 ranks #3928 out of 12872 HSN codes by total export value. Within Sub-Chapter 4002, it ranks #8 of 21. By trade surplus, it ranks #2689 of 12872.

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 ₹26.94 Crore in HSN Code 40029100 Goods

In FY 2025-26, India's exports of ₹45.53 Cr exceeded imports of ₹18.59 Cr, resulting in a trade surplus of ₹26.94 Crore — ranking #2689 of 12872 by surplus magnitude.

Import Growth of −9.91% CAGR Signals Stable Import Dependency for Other Synthetic Rubber Latex

India's imports under HSN Code 40029100 have grown at −9.91% CAGR, reaching ₹18.59 Crore in FY 2025-26.

HSN Code 40029100 Contributes 3.58% of Sub-Chapter 4002 Exports — Ranked #8

Among the 21 HSN codes under Sub-Chapter 4002, HSN Code 40029100 ranks #8 by export value — accounting for 3.58% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.14% share (rank #18).

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 Synthetic Rubber Latex

Can we claim ITC on inputs used to trade Other Synthetic Rubber 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 Synthetic Rubber Latex?

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

Any common misclassification issue with Other Synthetic Rubber 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 Synthetic Rubber Latex is sold with other items?

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

Does packaging or labelling change the GST for Other Synthetic Rubber 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.

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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.