HSN Code 40070010: 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 or export of Non-Covered Vulcanised Rubber Thread (Non-Latex).

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Description of Goods for HSN Code 40070010

HSN Code 40070010 relates to the following description.

Description of Goods

Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread)

Chapter

40 - Rubber and articles thereof

Sub Chapter

4007 - Vulcanised rubber thread and cord

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 40070010 not include?

Non-Covered Vulcanised Rubber Thread (Non-Latex) does not include products with the following descriptions.

India’s Trade Performance — HSN Code 40070010 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

₹155 Cr

+21.85% vs FY 2023-24

0.0042% of India’s total exports

India’s Imports

FY 2024-25

₹12 Cr

+172.32% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

₹142 Cr

Trade Surplus

Surplus rank #1361 of 12657 HSN codes

% of Sub-Chapter 4007

FY 2024-25

94.48%

Share of Sub-Chapter 4007’s total exports in FY 2024-25

Import side: 22.87% of Sub-Chapter 4007’s imports

Rank Within Sub-Chapter 4007

FY 2024-25

#1 of 3

Position by export value among HSN codes in Sub-Chapter 4007

Import-side rank: #2 of 3

At a glance

23.35%

Export CAGR

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

#2121

National Export Rank

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

+100.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

94.48%

Contribution to Sub-Ch. 4007

Share of Sub-Chapter 4007 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3053

Balance

+4.59

Exports

43.87 ₹ Cr

0.0019% share

— YoY

96.89% of Sub-Ch. 4007

Imports

39.28 ₹ Cr

0.0011% share

— YoY

51.41% of Sub-Ch. 4007

FY 2019-20 Exp. Rank #2942

Balance

+21.45

Exports

47.80 ₹ Cr

0.0022% share

+8.96% YoY

96.70% of Sub-Ch. 4007

Imports

26.35 ₹ Cr

0.0008% share

−32.92% YoY

46.24% of Sub-Ch. 4007

FY 2020-21 Exp. Rank #2120

Balance

+81.76

Exports

95.60 ₹ Cr

0.0044% share

+100.00% YoY

95.97% of Sub-Ch. 4007

Imports

13.84 ₹ Cr

0.0005% share

−47.48% YoY

29.32% of Sub-Ch. 4007

FY 2021-22 Exp. Rank #2154

Balance

+113.30

Exports

123.43 ₹ Cr

0.0039% share

+29.11% YoY

93.73% of Sub-Ch. 4007

Imports

10.13 ₹ Cr

0.0002% share

−26.81% YoY

15.12% of Sub-Ch. 4007

FY 2022-23 Exp. Rank #2150

Balance

+134.05

Exports

138.39 ₹ Cr

0.0038% share

+12.12% YoY

94.70% of Sub-Ch. 4007

Imports

4.34 ₹ Cr

0.0001% share

−57.16% YoY

9.75% of Sub-Ch. 4007

FY 2023-24 Exp. Rank #2299

Balance

+122.33

Exports

126.81 ₹ Cr

0.0035% share

−8.37% YoY

95.86% of Sub-Ch. 4007

Imports

4.48 ₹ Cr

0.0001% share

+3.23% YoY

10.28% of Sub-Ch. 4007

FY 2024-25 Exp. Rank #2121

Balance

+142.32

Exports

154.52 ₹ Cr

0.0042% share

+21.85% YoY

94.48% of Sub-Ch. 4007

Imports

12.20 ₹ Cr

0.0002% share

+172.32% YoY

22.87% of Sub-Ch. 4007

CAGR · 7-Year

Exports

23.35% /yr

Imports

−17.71% /yr

Consistently Surplus
Sub-Chapter 4007 total

reference, FY 2024-25

Export

₹163.54 Cr

Import

₹53.35 Cr

Trade Balance

+110.19

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40070010 and GST compliance.

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.

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.