--- title: "HSN Code for Reclaimed rubber, primary forms | HSN 40030000 GST Rate" description: "Find HSN and GST Rates for 40030000 related to Reclaimed rubber, primary forms with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40030000/" --- # HSN Code 40030000: Reclaimed rubber, primary forms - [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 4003: Reclaimed rubber](https://busy.in/hsn/sub-chapter-4003/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Reclaimed rubber in primary forms or in plates, sheets or strip | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40030000 ? It includes Reclaimed rubber, primary forms ### Can we claim ITC on inputs used to trade Reclaimed rubber, primary forms? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Reclaimed rubber, primary forms is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Reclaimed rubber, primary forms; Nil for exempt items if applicable). ### Any common misclassification issue with Reclaimed rubber, primary forms? 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 Reclaimed rubber, primary forms? 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. ### Does packaging or labelling change the GST for Reclaimed rubber, primary forms? 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 40030000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹663 Cr (+8.84% YoY) — 0.0180% of India's total exports - Imports: ₹7 Cr (+24.91% YoY) — 0.0001% of India's total imports - Trade balance: ₹656 Cr (Surplus); surplus rank #493 of 12657 HSN codes - Share of Sub-Chapter 4003: 100.00% of its exports; import side 100.00% - Rank within Sub-Chapter 4003: #1 of 1 by export value; import-side #1 ### Key metrics - Export CAGR: 0.62% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #776 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +72.54% in FY 2022-23 - Contribution to Sub-Ch. 4003: 100.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40030000 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. 4003 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4003 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 638.61 | 0.0279% | — | 100.00% | 3.33 | 0.0001% | — | 100.00% | +635.28 | #514 | | FY 2019-20 | 564.49 | 0.0256% | −11.61% | 100.00% | 8.90 | 0.0003% | +167.27% | 100.00% | +555.59 | #577 | | FY 2020-21 | 418.54 | 0.0195% | −25.86% | 100.00% | 4.76 | 0.0002% | −46.52% | 100.00% | +413.78 | #801 | | FY 2021-22 | 557.45 | 0.0178% | +33.19% | 100.00% | 4.72 | 0.0001% | −0.84% | 100.00% | +552.73 | #780 | | FY 2022-23 | 961.80 | 0.0266% | +72.54% | 100.00% | 2.80 | 0.0000% | −40.68% | 100.00% | +959.00 | #520 | | FY 2023-24 | 608.93 | 0.0168% | −36.69% | 100.00% | 5.38 | 0.0001% | +92.14% | 100.00% | +603.55 | #803 | | FY 2024-25 | 662.77 | 0.0180% | +8.84% | 100.00% | 6.72 | 0.0001% | +24.91% | 100.00% | +656.05 | #776 | - CAGR (7-year): exports 0.62%/yr, imports 12.41%/yr (consistently Surplus) ## Key trade insights: HSN Code 40030000 export-import analysis ### Consistent export growth: 0.62% CAGR over 7 years India's exports under HSN Code 40030000 have grown at a compound annual rate of 0.62% over 7 fiscal years, rising from ₹638.61 Crore in FY 2018-19 to ₹662.77 Crore in FY 2024-25. ### HSN Code 40030000 ranked #776 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40030000 ranks #776 out of 12657 HSN codes by total export value. Within Sub-Chapter 4003, it ranks #1 of 1. By trade surplus, it ranks #493 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 40030000 exports The strongest single-year export movement for HSN Code 40030000 was recorded in FY 2022-23, when exports surged by 72.54% over the prior year. ### India maintains a trade surplus of ₹656.05 Crore in HSN Code 40030000 goods In FY 2024-25, India's exports of ₹662.77 Cr exceeded imports of ₹6.72 Cr, resulting in a trade surplus of ₹656.05 Crore — ranking #493 of 12657 by surplus magnitude. ### Import growth of 12.41% CAGR signals rising demand for Reclaimed rubber, primary forms India's imports under HSN Code 40030000 have grown at 12.41% CAGR, reaching ₹6.72 Crore in FY 2024-25. ### HSN Code 40030000 contributes 100.00% of Sub-Chapter 4003 exports — ranked #1 Among the 1 HSN codes under Sub-Chapter 4003, HSN Code 40030000 ranks #1 by export value — accounting for 100.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 100.00% share (rank #1). ## Related HSN Codes in Sub-Chapter 4003 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 40030000: Reclaimed rubber, primary forms (this hsn code) | ₹663 Cr |