---
title: "HSN Code for Factice (rubber substitute) | HSN 40029910 GST Rate"
description: "Find HSN and GST Rates for 40029910 related to Factice (rubber substitute) with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-40029910/"
---

# HSN Code 40029910: Factice (rubber substitute)

- [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 : Other : Factice (rubber substitute derived from oil) | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 40029910 ?

It includes Factice (rubber substitute)

### How should mixed supplies be billed when Factice (rubber substitute) is sold with other items?

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

### Does packaging or labelling change the GST for Factice (rubber substitute)?

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.

### Can we claim ITC on inputs used to trade Factice (rubber substitute)?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Any common misclassification issue with Factice (rubber substitute)?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### Do e‑way bill and e‑invoice apply for Factice (rubber substitute)?

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.

### How much GST applies to Factice (rubber substitute)?

Under HSN 40029910, Factice (rubber substitute) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

## India's trade performance: HSN Code 40029910 (FY 2024-25)

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

- Exports: ₹5 Cr (+6.75% YoY) — 0.0001% of India's total exports
- Imports: ₹15 Cr (−2.34% YoY) — 0.0002% of India's total imports
- Trade balance: −₹9 Cr (Deficit); surplus rank #9030 of 12657 HSN codes
- Share of Sub-Chapter 4002: 0.38% of its exports; import side 0.12%
- Rank within Sub-Chapter 4002: #14 of 21 by export value; import-side #19

### Key metrics

- Export CAGR: 14.72% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #6559 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +49.69% in FY 2022-23
- Contribution to Sub-Ch. 4002: 0.38% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 40029910

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 | 2.29 | 0.0001% | — | 0.31% | 9.43 | 0.0003% | — | 0.12% | −7.14 | #6798 |
| FY 2019-20 | 2.41 | 0.0001% | +5.24% | 0.32% | 3.35 | 0.0001% | −64.48% | 0.06% | −0.94 | #6738 |
| FY 2020-21 | 2.70 | 0.0001% | +12.03% | 0.33% | 4.46 | 0.0002% | +33.13% | 0.07% | −1.76 | #6659 |
| FY 2021-22 | 3.26 | 0.0001% | +20.74% | 0.29% | 7.86 | 0.0002% | +76.23% | 0.09% | −4.60 | #6821 |
| FY 2022-23 | 4.88 | 0.0001% | +49.69% | 0.51% | 10.32 | 0.0002% | +31.30% | 0.09% | −5.44 | #6484 |
| FY 2023-24 | 4.89 | 0.0001% | +0.20% | 0.45% | 14.93 | 0.0003% | +44.67% | 0.15% | −10.04 | #6601 |
| FY 2024-25 | 5.22 | 0.0001% | +6.75% | 0.38% | 14.58 | 0.0002% | −2.34% | 0.12% | −9.36 | #6559 |

- CAGR (7-year): exports 14.72%/yr, imports 7.53%/yr (consistently Deficit)

## Key trade insights: HSN Code 40029910 export-import analysis

### Consistent export growth: 14.72% CAGR over 7 years

India's exports under HSN Code 40029910 have grown at a compound annual rate of 14.72% over 7 fiscal years, rising from ₹2.29 Crore in FY 2018-19 to ₹5.22 Crore in FY 2024-25.

### HSN Code 40029910 ranked #6559 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 40029910 ranks #6559 out of 12657 HSN codes by total export value. Within Sub-Chapter 4002, it ranks #14 of 21. By trade surplus, it ranks #9030 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 40029910 exports

The strongest single-year export movement for HSN Code 40029910 was recorded in FY 2022-23, when exports surged by 49.69% over the prior year.

### India records a trade deficit of ₹9.36 Crore in HSN Code 40029910 goods

In FY 2024-25, India's imports of ₹14.58 Cr exceeded exports of ₹5.22 Cr, resulting in a trade deficit of ₹9.36 Crore — ranking #9030 of 12657 by surplus magnitude.

### Import growth of 7.53% CAGR signals stable import dependency for Factice (rubber substitute)

India's imports under HSN Code 40029910 have grown at 7.53% CAGR, reaching ₹14.58 Crore in FY 2024-25.

### HSN Code 40029910 contributes 0.38% of Sub-Chapter 4002 exports — ranked #14

Among the 21 HSN codes under Sub-Chapter 4002, HSN Code 40029910 ranks #14 by export value — accounting for 0.38% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.12% share (rank #19).

## 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 |
| #14 | HSN Code 40029910: Factice (rubber substitute) (this hsn code) | ₹5 Cr |