HSN Code 40070020: Vulcanised rubber thread and cord: Cord

HSN Code 40070020 represents Vulcanised rubber thread and cord: Cord under GST classification. This code helps businesses identify Vulcanised rubber thread and cord: Cord correctly for billing, taxation, and trade. With HSN Code 40070020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Vulcanised rubber thread and cord: Cord.

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Description of Goods for HSN Code 40070020

HSN Code 40070020 relates to the following description.

Description of Goods

Vulcanised rubber thread and cord: Cord, not covered

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 40070020 not include?

Vulcanised rubber thread and cord: Cord does not include products with the following descriptions.

HSN Code 40070010

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

India’s Trade Performance — HSN Code 40070020 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

< ₹1 Crore

−71.43% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−52.21% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7455 of 12657 HSN codes

% of Sub-Chapter 4007

FY 2024-25

0.22%

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

Import side: 1.01% of Sub-Chapter 4007’s imports

Rank Within Sub-Chapter 4007

FY 2024-25

#3 of 3

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

Import-side rank: #3 of 3

At a glance

34.80%

Export CAGR

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

#9089

National Export Rank

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

+148.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.22%

Contribution to Sub-Ch. 4007

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #9428

Balance

+0.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.13% of Sub-Ch. 4007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 4007

FY 2019-20 Exp. Rank #9094

Balance

+0.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.24% of Sub-Ch. 4007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+700.00% YoY

0.14% of Sub-Ch. 4007

FY 2020-21 Exp. Rank #8720

Balance

+0.16

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+108.33% YoY

0.25% of Sub-Ch. 4007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+12.50% YoY

0.19% of Sub-Ch. 4007

FY 2021-22 Exp. Rank #8422

Balance

+0.55

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+148.00% YoY

0.47% of Sub-Ch. 4007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−22.22% YoY

0.10% of Sub-Ch. 4007

FY 2022-23 Exp. Rank #8404

Balance

+0.68

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+12.90% YoY

0.48% of Sub-Ch. 4007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−71.43% YoY

0.04% of Sub-Ch. 4007

FY 2023-24 Exp. Rank #8026

Balance

+0.13

Exports

1.26 ₹ Cr

0.0000% share

+80.00% YoY

0.95% of Sub-Ch. 4007

Imports

1.13 ₹ Cr

0.0000% share

+5,550.00% YoY

2.59% of Sub-Ch. 4007

FY 2024-25 Exp. Rank #9089

Balance

−0.18

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−71.43% YoY

0.22% of Sub-Ch. 4007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−52.21% YoY

1.01% of Sub-Ch. 4007

CAGR · 7-Year

Exports

34.80% /yr

Imports

94.42% /yr

Consistently Deficit
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40070020 and GST compliance.

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.

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.