--- title: "HSN Code for Gaskets of Vulcanized Rubber | HSN 40082120 GST Rate" description: "Find HSN and GST Rates for 40082120 related to Gaskets of Vulcanized Rubber with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40082120/" --- # HSN Code 40082120: Gaskets of Vulcanized Rubber - [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 4008: Rubber sheets & strips](https://busy.in/hsn/sub-chapter-4008/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of non-cellular rubber: Plates, sheets and strip : For resoling or repairing or retreading rubber tyres | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40082120 ? It includes Gaskets of Vulcanized Rubber ### Can we claim ITC on inputs used to trade Gaskets of Vulcanized Rubber? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Gaskets of Vulcanized Rubber? Under HSN 40082120, Gaskets of Vulcanized Rubber attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Gaskets of Vulcanized Rubber? 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 Gaskets of Vulcanized Rubber? 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. ### Any common misclassification issue with Gaskets of Vulcanized Rubber? 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 40082120 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹160 Cr (+13.06% YoY) — 0.0043% of India's total exports - Imports: < ₹1 Crore (+40.00% YoY) — 0.0000% of India's total imports - Trade balance: ₹159 Cr (Surplus); surplus rank #1303 of 12657 HSN codes - Share of Sub-Chapter 4008: 14.22% of its exports; import side 0.25% - Rank within Sub-Chapter 4008: #2 of 12 by export value; import-side #10 ### Key metrics - Export CAGR: 3.95% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2088 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +19.49% in FY 2022-23 - Contribution to Sub-Ch. 4008: 14.22% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40082120 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. 4008 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4008 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 126.68 | 0.0055% | — | 16.77% | 1.20 | 0.0000% | — | 0.50% | +125.48 | #1758 | | FY 2019-20 | 106.94 | 0.0049% | −15.58% | 14.67% | 1.16 | 0.0000% | −3.33% | 0.50% | +105.78 | #1936 | | FY 2020-21 | 106.68 | 0.0050% | −0.24% | 14.01% | 1.37 | 0.0000% | +18.10% | 0.71% | +105.31 | #1996 | | FY 2021-22 | 109.59 | 0.0035% | +2.73% | 10.58% | 1.38 | 0.0000% | +0.73% | 0.57% | +108.21 | #2287 | | FY 2022-23 | 130.95 | 0.0036% | +19.49% | 13.27% | < ₹1 Crore | 0.0000% | −46.38% | 0.20% | +130.21 | #2206 | | FY 2023-24 | 141.39 | 0.0039% | +7.97% | 14.34% | < ₹1 Crore | 0.0000% | −5.41% | 0.22% | +140.69 | #2173 | | FY 2024-25 | 159.86 | 0.0043% | +13.06% | 14.22% | < ₹1 Crore | 0.0000% | +40.00% | 0.25% | +158.88 | #2088 | - CAGR (7-year): exports 3.95%/yr, imports -3.32%/yr (consistently Surplus) ## Key trade insights: HSN Code 40082120 export-import analysis ### Consistent export growth: 3.95% CAGR over 7 years India's exports under HSN Code 40082120 have grown at a compound annual rate of 3.95% over 7 fiscal years, rising from ₹126.68 Crore in FY 2018-19 to ₹159.86 Crore in FY 2024-25. ### HSN Code 40082120 ranked #2088 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40082120 ranks #2088 out of 12657 HSN codes by total export value. Within Sub-Chapter 4008, it ranks #2 of 12. By trade surplus, it ranks #1303 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 40082120 exports The strongest single-year export movement for HSN Code 40082120 was recorded in FY 2022-23, when exports surged by 19.49% over the prior year. ### India maintains a trade surplus of ₹158.88 Crore in HSN Code 40082120 goods In FY 2024-25, India's exports of ₹159.86 Cr exceeded imports of ₹0.98 Cr, resulting in a trade surplus of ₹158.88 Crore — ranking #1303 of 12657 by surplus magnitude. ### Import growth of -3.32% CAGR signals stable import dependency for Gaskets of Vulcanized Rubber India's imports under HSN Code 40082120 have grown at -3.32% CAGR, reaching ₹0.98 Crore in FY 2024-25. ### HSN Code 40082120 contributes 14.22% of Sub-Chapter 4008 exports — ranked #2 Among the 12 HSN codes under Sub-Chapter 4008, HSN Code 40082120 ranks #2 by export value — accounting for 14.22% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.25% share (rank #10). ## Related HSN Codes in Sub-Chapter 4008 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 40082190: Non-cellular rubber sheets, other](https://busy.in/hsn/hsn-40082190/) | ₹776 Cr | | #2 | HSN Code 40082120: Gaskets of Vulcanized Rubber (this hsn code) | ₹160 Cr | | #3 | [HSN Code 40081110: Micro-Cellular Rubber: Plates, Sheets & Strips](https://busy.in/hsn/hsn-40081110/) | ₹63 Cr | | #4 | [HSN Code 40082990: Of Non-Cellular Rubber\| Other \| Other](https://busy.in/hsn/hsn-40082990/) | ₹50 Cr | | #5 | [HSN Code 40082940: Non-Cellular Rubber Tread/Packing Strips (Tyre Repair)](https://busy.in/hsn/hsn-40082940/) | ₹33 Cr | | #6 | [HSN Code 40081190: Cellular rubber: Plates, sheets, strips](https://busy.in/hsn/hsn-40081190/) | ₹22 Cr | | #7 | [HSN Code 40081990: Of Cellular Rubber \| Other](https://busy.in/hsn/hsn-40081990/) | ₹16 Cr | | #8 | [HSN Code 40082910: Made Up Nylon Fishing Nets](https://busy.in/hsn/hsn-40082910/) | ₹2 Cr | | #9 | [HSN Code 40082110: Non-Cellular Rubber Sheets/Strips (Footwear)](https://busy.in/hsn/hsn-40082110/) | ₹1 Cr | | #10 | [HSN Code 40081910: Microcellular Rubber Blocks (Non-Latex, for Footwear)](https://busy.in/hsn/hsn-40081910/) | < ₹1 Crore |