--- title: "HSN Code for Vulcanised rubber thread and cord: Cord | HSN 40070020 GST Rate" description: "Find HSN and GST Rates for 40070020 related to Vulcanised rubber thread and cord: Cord with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40070020/" --- # HSN Code 40070020: Vulcanised rubber thread and cord: Cord - [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: Cord, not covered | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40070020 ? It includes Vulcanised rubber thread and cord: Cord ### Can we claim ITC on inputs used to trade Vulcanised rubber thread and cord: Cord? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Vulcanised rubber thread and cord: Cord is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Vulcanised rubber thread and cord: Cord; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Vulcanised rubber thread and cord: Cord? 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. ### Do e‑way bill and e‑invoice apply for Vulcanised rubber thread and cord: Cord? 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. ### How much GST applies to Vulcanised rubber thread and cord: Cord? Under HSN 40070020, Vulcanised rubber thread and cord: Cord attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 40070020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−71.43% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (−52.21% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7455 of 12657 HSN codes - Share of Sub-Chapter 4007: 0.22% of its exports; import side 1.01% - Rank within Sub-Chapter 4007: #3 of 3 by export value; import-side #3 ### Key metrics - Export CAGR: 34.80% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9089 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +148.00% in FY 2021-22 - Contribution to Sub-Ch. 4007: 0.22% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40070020 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 | < ₹1 Crore | 0.0000% | — | 0.13% | < ₹1 Crore | 0.0000% | — | 0.01% | +0.05 | #9428 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +100.00% | 0.24% | < ₹1 Crore | 0.0000% | +700.00% | 0.14% | +0.04 | #9094 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +108.33% | 0.25% | < ₹1 Crore | 0.0000% | +12.50% | 0.19% | +0.16 | #8720 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +148.00% | 0.47% | < ₹1 Crore | 0.0000% | −22.22% | 0.10% | +0.55 | #8422 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +12.90% | 0.48% | < ₹1 Crore | 0.0000% | −71.43% | 0.04% | +0.68 | #8404 | | FY 2023-24 | 1.26 | 0.0000% | +80.00% | 0.95% | 1.13 | 0.0000% | +5,550.00% | 2.59% | +0.13 | #8026 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −71.43% | 0.22% | < ₹1 Crore | 0.0000% | −52.21% | 1.01% | −0.18 | #9089 | - CAGR (7-year): exports 34.80%/yr, imports 94.42%/yr (consistently Deficit) ## Key trade insights: HSN Code 40070020 export-import analysis ### Consistent export growth: 34.80% CAGR over 7 years India's exports under HSN Code 40070020 have grown at a compound annual rate of 34.80% over 7 fiscal years, rising from ₹0.06 Crore in FY 2018-19 to ₹0.36 Crore in FY 2024-25. ### HSN Code 40070020 ranked #9089 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40070020 ranks #9089 out of 12657 HSN codes by total export value. Within Sub-Chapter 4007, it ranks #3 of 3. By trade surplus, it ranks #7455 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 40070020 exports The strongest single-year export movement for HSN Code 40070020 was recorded in FY 2021-22, when exports surged by 148.00% over the prior year. ### India records a trade deficit of ₹0.18 Crore in HSN Code 40070020 goods In FY 2024-25, India's imports of ₹0.54 Cr exceeded exports of ₹0.36 Cr, resulting in a trade deficit of ₹0.18 Crore — ranking #7455 of 12657 by surplus magnitude. ### Import growth of 94.42% CAGR signals rising demand for Vulcanised rubber thread and cord: Cord India's imports under HSN Code 40070020 have grown at 94.42% CAGR, reaching ₹0.54 Crore in FY 2024-25. ### HSN Code 40070020 contributes 0.22% of Sub-Chapter 4007 exports — ranked #3 Among the 3 HSN codes under Sub-Chapter 4007, HSN Code 40070020 ranks #3 by export value — accounting for 0.22% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.01% share (rank #3). ## 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)](https://busy.in/hsn/hsn-40070010/) | ₹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 (this hsn code) | < ₹1 Crore |