--- title: "HSN Code for Non-Covered Vulcanised Rubber Thread (Non-Latex) | HSN 40070010 GST Rate" description: "Find HSN and GST Rates for 40070010 related to Non-Covered Vulcanised Rubber Thread (Non-Latex) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40070010/" --- # HSN Code 40070010: Non-Covered Vulcanised Rubber Thread (Non-Latex) - [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 4007: Vulcanised rubber thread](https://busy.in/hsn/sub-chapter-4007/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40070010 ? It includes Non-Covered Vulcanised Rubber Thread (Non-Latex) ### How much GST applies to 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. ### Can we claim ITC on inputs used to trade Non-Covered Vulcanised Rubber Thread (Non-Latex)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Non-Covered Vulcanised Rubber Thread (Non-Latex)? 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 Non-Covered Vulcanised Rubber Thread (Non-Latex) is sold with other items? 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). ### Any common misclassification issue with Non-Covered Vulcanised Rubber Thread (Non-Latex)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 40070010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹155 Cr (+21.85% YoY) — 0.0042% of India's total exports - Imports: ₹12 Cr (+172.32% YoY) — 0.0002% of India's total imports - Trade balance: ₹142 Cr (Surplus); surplus rank #1361 of 12657 HSN codes - Share of Sub-Chapter 4007: 94.48% of its exports; import side 22.87% - Rank within Sub-Chapter 4007: #1 of 3 by export value; import-side #2 ### Key metrics - Export CAGR: 23.35% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2121 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +100.00% in FY 2020-21 - Contribution to Sub-Ch. 4007: 94.48% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40070010 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. 4007 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4007 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 43.87 | 0.0019% | — | 96.89% | 39.28 | 0.0011% | — | 51.41% | +4.59 | #3053 | | FY 2019-20 | 47.80 | 0.0022% | +8.96% | 96.70% | 26.35 | 0.0008% | −32.92% | 46.24% | +21.45 | #2942 | | FY 2020-21 | 95.60 | 0.0044% | +100.00% | 95.97% | 13.84 | 0.0005% | −47.48% | 29.32% | +81.76 | #2120 | | FY 2021-22 | 123.43 | 0.0039% | +29.11% | 93.73% | 10.13 | 0.0002% | −26.81% | 15.12% | +113.30 | #2154 | | FY 2022-23 | 138.39 | 0.0038% | +12.12% | 94.70% | 4.34 | 0.0001% | −57.16% | 9.75% | +134.05 | #2150 | | FY 2023-24 | 126.81 | 0.0035% | −8.37% | 95.86% | 4.48 | 0.0001% | +3.23% | 10.28% | +122.33 | #2299 | | FY 2024-25 | 154.52 | 0.0042% | +21.85% | 94.48% | 12.20 | 0.0002% | +172.32% | 22.87% | +142.32 | #2121 | - CAGR (7-year): exports 23.35%/yr, imports -17.71%/yr (consistently Surplus) ## Key trade insights: HSN Code 40070010 export-import analysis ### Consistent export growth: 23.35% CAGR over 7 years India's exports under HSN Code 40070010 have grown at a compound annual rate of 23.35% over 7 fiscal years, rising from ₹43.87 Crore in FY 2018-19 to ₹154.52 Crore in FY 2024-25. ### HSN Code 40070010 ranked #2121 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40070010 ranks #2121 out of 12657 HSN codes by total export value. Within Sub-Chapter 4007, it ranks #1 of 3. By trade surplus, it ranks #1361 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 40070010 exports The strongest single-year export movement for HSN Code 40070010 was recorded in FY 2020-21, when exports surged by 100.00% over the prior year. ### India maintains a trade surplus of ₹142.32 Crore in HSN Code 40070010 goods In FY 2024-25, India's exports of ₹154.52 Cr exceeded imports of ₹12.20 Cr, resulting in a trade surplus of ₹142.32 Crore — ranking #1361 of 12657 by surplus magnitude. ### Import growth of -17.71% CAGR signals stable import dependency for Non-Covered Vulcanised Rubber Thread (Non-Latex) India's imports under HSN Code 40070010 have grown at -17.71% CAGR, reaching ₹12.20 Crore in FY 2024-25. ### HSN Code 40070010 contributes 94.48% of Sub-Chapter 4007 exports — ranked #1 Among the 3 HSN codes under Sub-Chapter 4007, HSN Code 40070010 ranks #1 by export value — accounting for 94.48% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 22.87% share (rank #2). ## Related HSN Codes in Sub-Chapter 4007 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 40070010: Non-Covered Vulcanised Rubber Thread (Non-Latex) (this hsn code) | ₹155 Cr | | #2 | [HSN Code 40070090: Vegetable Waxes \| Carnauba Waxes](https://busy.in/hsn/hsn-40070090/) | ₹9 Cr | | #3 | [HSN Code 40070020: Vulcanised rubber thread and cord: Cord](https://busy.in/hsn/hsn-40070020/) | < ₹1 Crore |