HSN Code 40029920: Tyre Resoling/Repairing Rubber Compounds

HSN Code 40029920 represents Tyre Resoling/Repairing Rubber Compounds under GST classification. This code helps businesses identify Tyre Resoling/Repairing Rubber Compounds correctly for billing, taxation, and trade. With HSN Code 40029920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Tyre Resoling/Repairing Rubber Compounds.

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Description of Goods for HSN Code 40029920

HSN Code 40029920 relates to the following description.

Description of Goods

Other : Other : Tread rubber compound, cushion compound, cushion gum and tread gum for resoling or repairing or retreading rubber tyres

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 40029920 not include?

Tyre Resoling/Repairing Rubber Compounds 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

India’s Trade Performance — HSN Code 40029920 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

₹6 Cr

+5.59% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−92.86% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹6 Cr

Trade Surplus

Surplus rank #3613 of 12657 HSN codes

% of Sub-Chapter 4002

FY 2024-25

0.45%

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

Import side: 0.00% of Sub-Chapter 4002’s imports

Rank Within Sub-Chapter 4002

FY 2024-25

#13 of 21

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

Import-side rank: #21 of 21

At a glance

6.54%

Export CAGR

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

#6360

National Export Rank

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

+26.76%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.45%

Contribution to Sub-Ch. 4002

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

India Export-Import Trade Statistics for HSN Code 40029920

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 #6068

Balance

+3.61

Exports

4.26 ₹ Cr

0.0002% share

— YoY

0.58% of Sub-Ch. 4002

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 4002

FY 2019-20 Exp. Rank #6021

Balance

+4.22

Exports

4.38 ₹ Cr

0.0002% share

+2.82% YoY

0.58% of Sub-Ch. 4002

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−75.38% YoY

0.00% of Sub-Ch. 4002

FY 2020-21 Exp. Rank #6161

Balance

+3.96

Exports

4.11 ₹ Cr

0.0002% share

−6.16% YoY

0.50% of Sub-Ch. 4002

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−6.25% YoY

0.00% of Sub-Ch. 4002

FY 2021-22 Exp. Rank #6297

Balance

+5.18

Exports

5.21 ₹ Cr

0.0002% share

+26.76% YoY

0.46% of Sub-Ch. 4002

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−80.00% YoY

0.00% of Sub-Ch. 4002

FY 2022-23 Exp. Rank #6344

Balance

+5.53

Exports

5.56 ₹ Cr

0.0002% share

+6.72% YoY

0.58% of Sub-Ch. 4002

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 4002

FY 2023-24 Exp. Rank #6379

Balance

+5.76

Exports

5.90 ₹ Cr

0.0002% share

+6.12% YoY

0.54% of Sub-Ch. 4002

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+366.67% YoY

0.00% of Sub-Ch. 4002

FY 2024-25 Exp. Rank #6360

Balance

+6.22

Exports

6.23 ₹ Cr

0.0002% share

+5.59% YoY

0.45% of Sub-Ch. 4002

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−92.86% YoY

0.00% of Sub-Ch. 4002

CAGR · 7-Year

Exports

6.54% /yr

Imports

−50.13% /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 40029920 Export-Import Analysis

Consistent Export Growth: 6.54% CAGR Over 7 Years

India's exports under HSN Code 40029920 have grown at a compound annual rate of 6.54% over 7 fiscal years, rising from ₹4.26 Crore in FY 2018-19 to ₹6.23 Crore in FY 2024-25.

HSN Code 40029920 Ranked #6360 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40029920 ranks #6360 out of 12657 HSN codes by total export value. Within Sub-Chapter 4002, it ranks #13 of 21. By trade surplus, it ranks #3613 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 40029920 Exports

The strongest single-year export movement for HSN Code 40029920 was recorded in FY 2021-22, when exports surged by 26.76% over the prior year.

India Maintains a Trade Surplus of ₹6.22 Crore in HSN Code 40029920 Goods

In FY 2024-25, India's exports of ₹6.23 Cr exceeded imports of ₹0.01 Cr, resulting in a trade surplus of ₹6.22 Crore — ranking #3613 of 12657 by surplus magnitude.

Import Growth of −50.13% CAGR Signals Stable Import Dependency for Tyre Resoling/Repairing Rubber Compounds

India's imports under HSN Code 40029920 have grown at −50.13% CAGR, reaching ₹0.01 Crore in FY 2024-25.

HSN Code 40029920 Contributes 0.45% of Sub-Chapter 4002 Exports — Ranked #13

Among the 21 HSN codes under Sub-Chapter 4002, HSN Code 40029920 ranks #13 by export value — accounting for 0.45% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #21).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40029920 and GST compliance.

What products are classified under HSN 40029920 ?

It includes Tyre Resoling/Repairing Rubber Compounds

Do e‑way bill and e‑invoice apply for Tyre Resoling/Repairing Rubber Compounds?

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.

Any common misclassification issue with Tyre Resoling/Repairing Rubber Compounds?

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

How much GST applies to Tyre Resoling/Repairing Rubber Compounds?

Under HSN 40029920, Tyre Resoling/Repairing Rubber Compounds attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Tyre Resoling/Repairing Rubber Compounds is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Tyre Resoling/Repairing Rubber Compounds; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Tyre Resoling/Repairing Rubber Compounds?

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

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.