What products are classified under HSN 40070010 ?
It includes Non-Covered Vulcanised Rubber Thread (Non-Latex)
HSN Code 40070010 represents Non-Covered Vulcanised Rubber Thread (Non-Latex) under GST classification. This code helps businesses identify Non-Covered Vulcanised Rubber Thread (Non-Latex) correctly for billing, taxation, and trade. With HSN Code 40070010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Non-Covered Vulcanised Rubber Thread (Non-Latex).
HSN Code 40070010 relates to the following description:
Non-Covered Vulcanised Rubber Thread (Non-Latex) does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Vulcanised rubber thread and cord: Cord, not covered | |
| Latex Rubber Thread | |
| Vulcanised rubber thread and cord: Other |
Vulcanised rubber thread and cord: Cord, not covered
Latex Rubber Thread
Vulcanised rubber thread and cord: Other
It includes Non-Covered Vulcanised Rubber Thread (Non-Latex)
Under HSN 40070010, Non-Covered Vulcanised Rubber Thread (Non-Latex) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Non-Covered Vulcanised Rubber Thread (Non-Latex); Nil for exempt items if applicable).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.