HSN Code 40040000 represents Rubber Waste/Scrap Powders & Granules under GST classification. This code helps businesses identify Rubber Waste/Scrap Powders & Granules correctly for billing, taxation, and trade. With HSN Code 40040000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Rubber Waste/Scrap Powders & Granules.
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HSN Code 40040000 relates to the following description.
Rubber and articles thereof
Waste, parings and scrap of rubber (other than hard rubber) and powders and granules obtained therefrom
Waste, parings and scrap of rubber (other than hard rubber) and powders and granules obtained therefrom(Powders and granules obtained from waste, parings and scrap of rubber (other than hard rubber))
2.5%
2.5%
5%
0%
Description of Goods
Waste, parings and scrap of rubber (other than hard rubber) and powders and granules obtained therefrom (Waste, parings or scrap of rubber )
Chapter
40 - Rubber and articles thereof
Sub Chapter
4004 - Waste, parings and scrap of rubber (other than hard rubber) and powders and granules obtained therefrom
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Description of Goods
Waste, parings and scrap of rubber (other than hard rubber) and powders and granules obtained therefrom(Powders and granules obtained from waste, parings and scrap of rubber (other than hard rubber))
Chapter
40 - Rubber and articles thereof
Sub Chapter
4004 - Waste, parings and scrap of rubber (other than hard rubber) and powders and granules obtained therefrom
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Description of Goods
Powders and granules obtained from waste, parings and scrap of rubber (other than hard rubber)
Chapter
40 - Rubber and articles thereof
Sub Chapter
4004 - Waste, parings and scrap of rubber (other than hard rubber) and powders and granules obtained therefrom
CGST
9%
SGST
9%
IGST
18%
CESS
0%
India’s Exports
FY 2024-25₹31 Cr
0.0008% of India’s total exports
India’s Imports
FY 2024-25₹1,799 Cr
0.0296% of India’s total imports
Trade Balance
FY 2024-25−₹1,768 Cr
Surplus rank #12393 of 12657 HSN codes
% of Sub-Chapter 4004
FY 2024-25100.00%
Share of Sub-Chapter 4004’s total exports in FY 2024-25
Import side: 100.00% of Sub-Chapter 4004’s imports
Rank Within Sub-Chapter 4004
FY 2024-25#1 of 1
Position by export value among HSN codes in Sub-Chapter 4004
Import-side rank: #1 of 1
At a glance
27.12%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4305
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+156.13%
Peak Growth Year
FY 2021-22 · strongest single-year move
100.00%
Contribution to Sub-Ch. 4004
Share of Sub-Chapter 4004 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−292.18
Exports
7.23 ₹ Cr
0.0003% share
— YoY
100.00% of Sub-Ch. 4004
Imports
299.41 ₹ Cr
0.0084% share
— YoY
100.00% of Sub-Ch. 4004
Balance
−241.54
Exports
13.99 ₹ Cr
0.0006% share
+93.50% YoY
100.00% of Sub-Ch. 4004
Imports
255.53 ₹ Cr
0.0076% share
−14.66% YoY
100.00% of Sub-Ch. 4004
Balance
−98.34
Exports
8.00 ₹ Cr
0.0004% share
−42.82% YoY
100.00% of Sub-Ch. 4004
Imports
106.34 ₹ Cr
0.0036% share
−58.38% YoY
100.00% of Sub-Ch. 4004
Balance
−318.60
Exports
20.49 ₹ Cr
0.0007% share
+156.13% YoY
100.00% of Sub-Ch. 4004
Imports
339.09 ₹ Cr
0.0074% share
+218.87% YoY
100.00% of Sub-Ch. 4004
Balance
−962.56
Exports
21.47 ₹ Cr
0.0006% share
+4.78% YoY
100.00% of Sub-Ch. 4004
Imports
984.03 ₹ Cr
0.0171% share
+190.20% YoY
100.00% of Sub-Ch. 4004
Balance
−1,258.17
Exports
20.13 ₹ Cr
0.0006% share
−6.24% YoY
100.00% of Sub-Ch. 4004
Imports
1,278.30 ₹ Cr
0.0228% share
+29.90% YoY
100.00% of Sub-Ch. 4004
Balance
−1,768.05
Exports
30.51 ₹ Cr
0.0008% share
+51.56% YoY
100.00% of Sub-Ch. 4004
Imports
1,798.56 ₹ Cr
0.0296% share
+40.70% YoY
100.00% of Sub-Ch. 4004
CAGR · 7-Year
Exports
27.12% /yr
Imports
34.83% /yr
reference, FY 2024-25
Export
₹30.51 Cr
Import
₹1,798.56 Cr
Trade Balance
−1,768.05
India's exports under HSN Code 40040000 have grown at a compound annual rate of 27.12% over 7 fiscal years, rising from ₹7.23 Crore in FY 2018-19 to ₹30.51 Crore in FY 2024-25.
In FY 2024-25, HSN Code 40040000 ranks #4305 out of 12657 HSN codes by total export value. Within Sub-Chapter 4004, it ranks #1 of 1. By trade surplus, it ranks #12393 of 12657.
The strongest single-year export movement for HSN Code 40040000 was recorded in FY 2021-22, when exports surged by 156.13% over the prior year.
In FY 2024-25, India's imports of ₹1,798.56 Cr exceeded exports of ₹30.51 Cr, resulting in a trade deficit of ₹1,768.05 Crore — ranking #12393 of 12657 by surplus magnitude.
India's imports under HSN Code 40040000 have grown at 34.83% CAGR, reaching ₹1,798.56 Crore in FY 2024-25.
Among the 1 HSN codes under Sub-Chapter 4004, HSN Code 40040000 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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 40040000 and GST compliance.
It includes Rubber Waste/Scrap Powders & Granules
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Rubber Waste/Scrap Powders & Granules; Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 40040000, Rubber Waste/Scrap Powders & Granules attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.