HSN Code 40059990: Other Compounded Rubber, Unvulcanised

HSN Code 40059990 represents Other Compounded Rubber, Unvulcanised under GST classification. This code helps businesses identify Other Compounded Rubber, Unvulcanised correctly for billing, taxation, and trade. With HSN Code 40059990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Compounded Rubber, Unvulcanised.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 40059990

HSN Code 40059990 relates to the following description.

Description of Goods

Other : Other : Other

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 40059990 not include?

Other Compounded Rubber, Unvulcanised does not include products with the following descriptions.

HSN Code 40052010

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

HSN Code 40059910

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

India’s Trade Performance — HSN Code 40059990 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

₹166 Cr

+75.10% vs FY 2023-24

0.0045% of India’s total exports

India’s Imports

FY 2024-25

₹159 Cr

+23.38% vs FY 2023-24

0.0026% of India’s total imports

Trade Balance

FY 2024-25

₹7 Cr

Trade Surplus

Surplus rank #3497 of 12657 HSN codes

% of Sub-Chapter 4005

FY 2024-25

44.45%

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

Import side: 3.83% of Sub-Chapter 4005’s imports

Rank Within Sub-Chapter 4005

FY 2024-25

#1 of 7

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

Import-side rank: #3 of 7

At a glance

42.19%

Export CAGR

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

#2044

National Export Rank

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

+91.66%

Peak Growth Year

FY 2021-22 · strongest single-year move

44.45%

Contribution to Sub-Ch. 4005

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

India Export-Import Trade Statistics for HSN Code 40059990

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 #4096

Balance

−96.88

Exports

20.14 ₹ Cr

0.0009% share

— YoY

9.34% of Sub-Ch. 4005

Imports

117.02 ₹ Cr

0.0033% share

— YoY

11.80% of Sub-Ch. 4005

FY 2019-20 Exp. Rank #4547

Balance

−98.56

Exports

14.40 ₹ Cr

0.0007% share

−28.50% YoY

8.34% of Sub-Ch. 4005

Imports

112.96 ₹ Cr

0.0034% share

−3.47% YoY

8.97% of Sub-Ch. 4005

FY 2020-21 Exp. Rank #4110

Balance

−73.40

Exports

21.22 ₹ Cr

0.0010% share

+47.36% YoY

11.19% of Sub-Ch. 4005

Imports

94.62 ₹ Cr

0.0032% share

−16.24% YoY

7.74% of Sub-Ch. 4005

FY 2021-22 Exp. Rank #3652

Balance

−78.82

Exports

40.67 ₹ Cr

0.0013% share

+91.66% YoY

16.68% of Sub-Ch. 4005

Imports

119.49 ₹ Cr

0.0026% share

+26.28% YoY

7.61% of Sub-Ch. 4005

FY 2022-23 Exp. Rank #3210

Balance

−101.78

Exports

60.94 ₹ Cr

0.0017% share

+49.84% YoY

18.20% of Sub-Ch. 4005

Imports

162.72 ₹ Cr

0.0028% share

+36.18% YoY

8.28% of Sub-Ch. 4005

FY 2023-24 Exp. Rank #2649

Balance

−33.77

Exports

95.05 ₹ Cr

0.0026% share

+55.97% YoY

24.56% of Sub-Ch. 4005

Imports

128.82 ₹ Cr

0.0023% share

−20.83% YoY

5.72% of Sub-Ch. 4005

FY 2024-25 Exp. Rank #2044

Balance

+7.49

Exports

166.43 ₹ Cr

0.0045% share

+75.10% YoY

44.45% of Sub-Ch. 4005

Imports

158.94 ₹ Cr

0.0026% share

+23.38% YoY

3.83% of Sub-Ch. 4005

CAGR · 7-Year

Exports

42.19% /yr

Imports

5.24% /yr

Consistently Surplus
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 40059990 Export-Import Analysis

Consistent Export Growth: 42.19% CAGR Over 7 Years

India's exports under HSN Code 40059990 have grown at a compound annual rate of 42.19% over 7 fiscal years, rising from ₹20.14 Crore in FY 2018-19 to ₹166.43 Crore in FY 2024-25.

HSN Code 40059990 Ranked #2044 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40059990 ranks #2044 out of 12657 HSN codes by total export value. Within Sub-Chapter 4005, it ranks #1 of 7. By trade surplus, it ranks #3497 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 40059990 Exports

The strongest single-year export movement for HSN Code 40059990 was recorded in FY 2021-22, when exports surged by 91.66% over the prior year.

India Maintains a Trade Surplus of ₹7.49 Crore in HSN Code 40059990 Goods

In FY 2024-25, India's exports of ₹166.43 Cr exceeded imports of ₹158.94 Cr, resulting in a trade surplus of ₹7.49 Crore — ranking #3497 of 12657 by surplus magnitude.

Import Growth of 5.24% CAGR Signals Stable Import Dependency for Other Compounded Rubber, Unvulcanised

India's imports under HSN Code 40059990 have grown at 5.24% CAGR, reaching ₹158.94 Crore in FY 2024-25.

HSN Code 40059990 Contributes 44.45% of Sub-Chapter 4005 Exports — Ranked #1

Among the 7 HSN codes under Sub-Chapter 4005, HSN Code 40059990 ranks #1 by export value — accounting for 44.45% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.83% share (rank #3).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 40059990 and GST compliance.

What products are classified under HSN 40059990 ?

It includes Other Compounded Rubber, Unvulcanised

Can we claim ITC on inputs used to trade Other Compounded Rubber, Unvulcanised?

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 Other Compounded Rubber, Unvulcanised?

Under HSN 40059990, Other Compounded Rubber, Unvulcanised attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Other Compounded Rubber, Unvulcanised is sold with other items?

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

Does packaging or labelling change the GST for Other Compounded Rubber, Unvulcanised?

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.

Any common misclassification issue with Other Compounded Rubber, Unvulcanised?

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 Other Compounded Rubber, Unvulcanised?

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.

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.