HSN Code 40082120: Gaskets of Vulcanized Rubber

HSN Code 40082120 represents Gaskets of Vulcanized Rubber under GST classification. This code helps businesses identify Gaskets of Vulcanized Rubber correctly for billing, taxation, and trade. With HSN Code 40082120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Gaskets of Vulcanized Rubber.

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Description of Goods for HSN Code 40082120

HSN Code 40082120 relates to the following description.

Description of Goods

Of non-cellular rubber: Plates, sheets and strip : For resoling or repairing or retreading rubber tyres

Chapter

40 - Rubber and articles thereof

Sub Chapter

4008 - Plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 40082120 not include?

Gaskets of Vulcanized Rubber does not include products with the following descriptions.

HSN Code 40081910

Of cellular rubber : Other : Blocks of micro-cellular rubber but not of latex foam sponge, used in the manufacture of soles, heels or soles and heels combined, for footwear

HSN Code 40082110

Of non-cellular rubber: Plates, sheets and strip : Used in the manufacture of soles, heels or soles and heels combined, for footwear

HSN Code 40082910

Of non-cellular rubber: Other : Rubber sheets and resin rubber sheets for soles and heels

HSN Code 40082920

Of non-cellular rubber: Other : Blocks used in the manufacture of soles, heels or soles and heels combined, for footwear

HSN Code 40082940

Of non-cellular rubber: Other : Tread rubber and tread packing strip for resoling or repairing or retreading rubber tyres

India’s Trade Performance — HSN Code 40082120 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

₹160 Cr

+13.06% vs FY 2023-24

0.0043% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+40.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹159 Cr

Trade Surplus

Surplus rank #1303 of 12657 HSN codes

% of Sub-Chapter 4008

FY 2024-25

14.22%

Share of Sub-Chapter 4008’s total exports in FY 2024-25

Import side: 0.25% of Sub-Chapter 4008’s imports

Rank Within Sub-Chapter 4008

FY 2024-25

#2 of 12

Position by export value among HSN codes in Sub-Chapter 4008

Import-side rank: #10 of 12

At a glance

3.95%

Export CAGR

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

#2088

National Export Rank

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

+19.49%

Peak Growth Year

FY 2022-23 · strongest single-year move

14.22%

Contribution to Sub-Ch. 4008

Share of Sub-Chapter 4008 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1758

Balance

+125.48

Exports

126.68 ₹ Cr

0.0055% share

— YoY

16.77% of Sub-Ch. 4008

Imports

1.20 ₹ Cr

0.0000% share

— YoY

0.50% of Sub-Ch. 4008

FY 2019-20 Exp. Rank #1936

Balance

+105.78

Exports

106.94 ₹ Cr

0.0049% share

−15.58% YoY

14.67% of Sub-Ch. 4008

Imports

1.16 ₹ Cr

0.0000% share

−3.33% YoY

0.50% of Sub-Ch. 4008

FY 2020-21 Exp. Rank #1996

Balance

+105.31

Exports

106.68 ₹ Cr

0.0050% share

−0.24% YoY

14.01% of Sub-Ch. 4008

Imports

1.37 ₹ Cr

0.0000% share

+18.10% YoY

0.71% of Sub-Ch. 4008

FY 2021-22 Exp. Rank #2287

Balance

+108.21

Exports

109.59 ₹ Cr

0.0035% share

+2.73% YoY

10.58% of Sub-Ch. 4008

Imports

1.38 ₹ Cr

0.0000% share

+0.73% YoY

0.57% of Sub-Ch. 4008

FY 2022-23 Exp. Rank #2206

Balance

+130.21

Exports

130.95 ₹ Cr

0.0036% share

+19.49% YoY

13.27% of Sub-Ch. 4008

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−46.38% YoY

0.20% of Sub-Ch. 4008

FY 2023-24 Exp. Rank #2173

Balance

+140.69

Exports

141.39 ₹ Cr

0.0039% share

+7.97% YoY

14.34% of Sub-Ch. 4008

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−5.41% YoY

0.22% of Sub-Ch. 4008

FY 2024-25 Exp. Rank #2088

Balance

+158.88

Exports

159.86 ₹ Cr

0.0043% share

+13.06% YoY

14.22% of Sub-Ch. 4008

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+40.00% YoY

0.25% of Sub-Ch. 4008

CAGR · 7-Year

Exports

3.95% /yr

Imports

−3.32% /yr

Consistently Surplus
Sub-Chapter 4008 total

reference, FY 2024-25

Export

₹1,124.06 Cr

Import

₹396.70 Cr

Trade Balance

+727.36

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40082120 and GST compliance.

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.

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.