HSN Code 40059910: Vulcanized Rubber Sheets and Plates

HSN Code 40059910 represents Vulcanized Rubber Sheets and Plates under GST classification. This code helps businesses identify Vulcanized Rubber Sheets and Plates correctly for billing, taxation, and trade. With HSN Code 40059910, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Vulcanized Rubber Sheets and Plates.

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Description of Goods for HSN Code 40059910

HSN Code 40059910 relates to the following description.

Description of Goods

Other : Other : Granules of unvulcanised natural or synthetic rubber, compounded, ready for vulcanisation

Chapter

40 - Rubber and articles thereof

Sub Chapter

4005 - Compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 40059910 not include?

Vulcanized Rubber Sheets and Plates does not include products with the following descriptions.

HSN Code 40052010

Solutions; dispersions other than those of sub-heading 4005 10 : Can sealing compound

India’s Trade Performance — HSN Code 40059910 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

₹4 Cr

+103.80% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹83 Cr

+360.31% vs FY 2023-24

0.0014% of India’s total imports

Trade Balance

FY 2024-25

−₹79 Cr

Trade Deficit

Surplus rank #10607 of 12657 HSN codes

% of Sub-Chapter 4005

FY 2024-25

1.00%

Share of Sub-Chapter 4005’s total exports in FY 2024-25

Import side: 1.99% of Sub-Chapter 4005’s imports

Rank Within Sub-Chapter 4005

FY 2024-25

#5 of 7

Position by export value among HSN codes in Sub-Chapter 4005

Import-side rank: #4 of 7

At a glance

52.34%

Export CAGR

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

#6952

National Export Rank

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

+118.33%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.00%

Contribution to Sub-Ch. 4005

Share of Sub-Chapter 4005 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 40059910

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 #8546

Balance

−5.57

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.14% of Sub-Ch. 4005

Imports

5.87 ₹ Cr

0.0002% share

— YoY

0.59% of Sub-Ch. 4005

FY 2019-20 Exp. Rank #8256

Balance

−4.30

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+53.33% YoY

0.27% of Sub-Ch. 4005

Imports

4.76 ₹ Cr

0.0001% share

−18.91% YoY

0.38% of Sub-Ch. 4005

FY 2020-21 Exp. Rank #8107

Balance

−10.62

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+30.43% YoY

0.32% of Sub-Ch. 4005

Imports

11.22 ₹ Cr

0.0004% share

+135.71% YoY

0.92% of Sub-Ch. 4005

FY 2021-22 Exp. Rank #7745

Balance

−18.80

Exports

1.31 ₹ Cr

0.0000% share

+118.33% YoY

0.54% of Sub-Ch. 4005

Imports

20.11 ₹ Cr

0.0004% share

+79.23% YoY

1.28% of Sub-Ch. 4005

FY 2022-23 Exp. Rank #7716

Balance

−33.99

Exports

1.53 ₹ Cr

0.0000% share

+16.79% YoY

0.46% of Sub-Ch. 4005

Imports

35.52 ₹ Cr

0.0006% share

+76.63% YoY

1.81% of Sub-Ch. 4005

FY 2023-24 Exp. Rank #7652

Balance

−16.10

Exports

1.84 ₹ Cr

0.0001% share

+20.26% YoY

0.48% of Sub-Ch. 4005

Imports

17.94 ₹ Cr

0.0003% share

−49.49% YoY

0.80% of Sub-Ch. 4005

FY 2024-25 Exp. Rank #6952

Balance

−78.83

Exports

3.75 ₹ Cr

0.0001% share

+103.80% YoY

1.00% of Sub-Ch. 4005

Imports

82.58 ₹ Cr

0.0014% share

+360.31% YoY

1.99% of Sub-Ch. 4005

CAGR · 7-Year

Exports

52.34% /yr

Imports

55.37% /yr

Consistently Deficit
Sub-Chapter 4005 total

reference, FY 2024-25

Export

₹374.42 Cr

Import

₹4,149.58 Cr

Trade Balance

−3,775.16

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 40059910 Export-Import Analysis

Consistent Export Growth: 52.34% CAGR Over 7 Years

India's exports under HSN Code 40059910 have grown at a compound annual rate of 52.34% over 7 fiscal years, rising from ₹0.30 Crore in FY 2018-19 to ₹3.75 Crore in FY 2024-25.

HSN Code 40059910 Ranked #6952 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40059910 ranks #6952 out of 12657 HSN codes by total export value. Within Sub-Chapter 4005, it ranks #5 of 7. By trade surplus, it ranks #10607 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 40059910 Exports

The strongest single-year export movement for HSN Code 40059910 was recorded in FY 2021-22, when exports surged by 118.33% over the prior year.

India Records a Trade Deficit of ₹78.83 Crore in HSN Code 40059910 Goods

In FY 2024-25, India's imports of ₹82.58 Cr exceeded exports of ₹3.75 Cr, resulting in a trade deficit of ₹78.83 Crore — ranking #10607 of 12657 by surplus magnitude.

Import Growth of 55.37% CAGR Signals Rising Demand for Vulcanized Rubber Sheets and Plates

India's imports under HSN Code 40059910 have grown at 55.37% CAGR, reaching ₹82.58 Crore in FY 2024-25.

HSN Code 40059910 Contributes 1.00% of Sub-Chapter 4005 Exports — Ranked #5

Among the 7 HSN codes under Sub-Chapter 4005, HSN Code 40059910 ranks #5 by export value — accounting for 1.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.99% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40059910 and GST compliance.

What products are classified under HSN 40059910 ?

It includes Vulcanized Rubber Sheets and Plates

Any common misclassification issue with Vulcanized Rubber Sheets and Plates?

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

Can we claim ITC on inputs used to trade Vulcanized Rubber Sheets and Plates?

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 Vulcanized Rubber Sheets and Plates?

Under HSN 40059910, Vulcanized Rubber Sheets and Plates attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Vulcanized Rubber Sheets and Plates?

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.

How should mixed supplies be billed when Vulcanized Rubber Sheets and Plates is sold with other items?

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

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.