HSN Code 40115010: Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres

HSN Code 40115010 represents Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres under GST classification. This code helps businesses identify Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres correctly for billing, taxation, and trade. With HSN Code 40115010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres.

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Description of Goods for HSN Code 40115010

HSN Code 40115010 relates to the following description.

Description of Goods

Of a kind used on bicycles : Multi-cellular polyurethane (MCP) tubeless tyres

Chapter

40 - Rubber and articles thereof

Sub Chapter

4011 - New pneumatic tyres, of rubber

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 40115010 not include?

Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres does not include products with the following descriptions.

Of a kind used on motor cars (including station wagons and racing cars) : Radials

Of a kind used on motor cars (including station wagons and racing cars) : Other

Of a kind used on bicycles : Other, having a “herring-bone” or similar tread

Of a kind used on/in bicycles, cycle rickshaws and threewheeled power cycle rickshaws

New pneumatic tyres, of rubber - other, having a herring-bone or similar tread : of a kind used on agricultural or forestry vehicles and machines

New pneumatic tyres, of rubber - other, having a herring-bone or similar tread : of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61 cm

New pneumatic tyres, of rubber - other, having a herring-bone or similar tread : of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm

New pneumatic tyres, of rubber - other, having a herring-bone or similar tread : other

Of a kind used on agricultural or forestry vehicles and machines (Tyre for tractors)

Of a kind used on construction, mining or industrial handling vehicles and machines

Other than of a kind used on/in bicycles, cycle rickshaws and threewheeled power cycle rickshaws; rear tractor tyres and of a kind used on aircraft

New pneumatic tyres, of rubber - other : of a kind used on agricultural or forestry vehicles and machines

New pneumatic tyres, of rubber - other : of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61 cm

New pneumatic tyres, of rubber - other : of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm

India’s Trade Performance — HSN Code 40115010 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

₹8 Cr

−4.49% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹8 Cr

Trade Surplus

Surplus rank #3454 of 12657 HSN codes

% of Sub-Chapter 4011

FY 2024-25

0.03%

Share of Sub-Chapter 4011’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 4011’s imports

Rank Within Sub-Chapter 4011

FY 2024-25

#13 of 21

Position by export value among HSN codes in Sub-Chapter 4011

At a glance

−5.65%

Export CAGR

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

#6040

National Export Rank

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

+57.29%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.03%

Contribution to Sub-Ch. 4011

Share of Sub-Chapter 4011 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 40115010

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 #4832

Balance

+10.33

Exports

11.47 ₹ Cr

0.0005% share

YoY

0.09% of Sub-Ch. 4011

Imports

1.14 ₹ Cr

0.0000% share

YoY

0.04% of Sub-Ch. 4011

FY 2019-20 Exp. Rank #4508

Balance

+14.43

Exports

14.93 ₹ Cr

0.0007% share

+30.17% YoY

0.12% of Sub-Ch. 4011

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−56.14% YoY

0.02% of Sub-Ch. 4011

FY 2020-21 Exp. Rank #5213

Balance

+8.84

Exports

8.99 ₹ Cr

0.0004% share

−39.79% YoY

0.06% of Sub-Ch. 4011

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−70.00% YoY

0.01% of Sub-Ch. 4011

FY 2021-22 Exp. Rank #5037

Balance

+14.13

Exports

14.14 ₹ Cr

0.0005% share

+57.29% YoY

0.07% of Sub-Ch. 4011

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−93.33% YoY

0.00% of Sub-Ch. 4011

FY 2022-23 Exp. Rank #5463

Balance

+11.31

Exports

11.31 ₹ Cr

0.0003% share

−20.01% YoY

0.05% of Sub-Ch. 4011

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 4011

FY 2023-24 Exp. Rank #5931

Balance

+8.47

Exports

8.47 ₹ Cr

0.0002% share

−25.11% YoY

0.04% of Sub-Ch. 4011

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 4011

FY 2024-25 Exp. Rank #6040

Balance

+8.09

Exports

8.09 ₹ Cr

0.0002% share

−4.49% YoY

0.03% of Sub-Ch. 4011

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 4011

CAGR · 7-Year

Exports

−5.65% /yr

Imports

Consistently Surplus
Sub-Chapter 4011 total

reference, FY 2024-25

Export

₹25,056.83 Cr

Import

₹1,545.24 Cr

Trade Balance

+23,511.59

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

Key Trade Insights: HSN Code 40115010 Export-Import Analysis

Export Decline: −5.65% CAGR Over 7 Years

India's exports under HSN Code 40115010 have declined at a compound annual rate of −5.65% over 7 fiscal years, falling from ₹11.47 Crore in FY 2018-19 to ₹8.09 Crore in FY 2024-25.

HSN Code 40115010 Ranked #6040 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40115010 ranks #6040 out of 12657 HSN codes by total export value. Within Sub-Chapter 4011, it ranks #13 of 21. By trade surplus, it ranks #3454 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 40115010 Exports

The strongest single-year export movement for HSN Code 40115010 was recorded in FY 2021-22, when exports surged by 57.29% over the prior year.

India Maintains a Trade Surplus of ₹8.09 Crore in HSN Code 40115010 Goods

In FY 2024-25, India's exports of ₹8.09 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹8.09 Crore — ranking #3454 of 12657 by surplus magnitude.

HSN Code 40115010 Contributes 0.03% of Sub-Chapter 4011 Exports — Ranked #13

Among the 21 HSN codes under Sub-Chapter 4011, HSN Code 40115010 ranks #13 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40115010 and GST compliance.

What products are classified under HSN 40115010 ?

It includes Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres

How much GST applies to Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres?

Under HSN 40115010, Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres?

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.

Can we claim ITC on inputs used to trade Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Any common misclassification issue with Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Bicycle Tyres: Multi-Cellular Polyurethane Tubeless Tyres?

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.

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.