HSN Code 40129049: Other | Tyre Flaps

HSN Code 40129049 represents Other | Tyre Flaps under GST classification. This code helps businesses identify Other | Tyre Flaps correctly for billing, taxation, and trade. With HSN Code 40129049, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Tyre Flaps.

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Description of Goods for HSN Code 40129049

HSN Code 40129049 relates to the following description.

Description of Goods

Other : Tyre flaps : Other

Chapter

40 - Rubber and articles thereof

Sub Chapter

4012 - Retreaded or used pneumatic tyres of rubber, solid or cushion tyres, tyre treads and tyre flaps, of rubber

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 40129049 not include?

Other | Tyre Flaps does not include products with the following descriptions.

HSN Code 40121100

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

HSN Code 40122010

Used pneumatic tyres : For buses, lorries and earth moving equipments including light commercial vehicles

HSN Code 40122020

Used pneumatic tyres : For passenger automobile vehicles, including two wheelers, three wheelers and personal type vehicles

HSN Code 40129041

Other : Tyre flaps : Of a kind used in two-wheeled and three- wheeled motor vehicles

India’s Trade Performance — HSN Code 40129049 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

₹117 Cr

+10.73% vs FY 2023-24

0.0032% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

−5.82% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹114 Cr

Trade Surplus

Surplus rank #1514 of 12657 HSN codes

% of Sub-Chapter 4012

FY 2024-25

16.87%

Share of Sub-Chapter 4012’s total exports in FY 2024-25

Import side: 2.73% of Sub-Chapter 4012’s imports

Rank Within Sub-Chapter 4012

FY 2024-25

#3 of 15

Position by export value among HSN codes in Sub-Chapter 4012

Import-side rank: #5 of 15

At a glance

2.94%

Export CAGR

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

#2465

National Export Rank

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

+31.85%

Peak Growth Year

FY 2021-22 · strongest single-year move

16.87%

Contribution to Sub-Ch. 4012

Share of Sub-Chapter 4012 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 40129049

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 #2044

Balance

+90.03

Exports

97.99 ₹ Cr

0.0043% share

— YoY

26.72% of Sub-Ch. 4012

Imports

7.96 ₹ Cr

0.0002% share

— YoY

7.32% of Sub-Ch. 4012

FY 2019-20 Exp. Rank #2036

Balance

+94.23

Exports

98.92 ₹ Cr

0.0045% share

+0.95% YoY

26.71% of Sub-Ch. 4012

Imports

4.69 ₹ Cr

0.0001% share

−41.08% YoY

5.34% of Sub-Ch. 4012

FY 2020-21 Exp. Rank #2293

Balance

+79.72

Exports

82.07 ₹ Cr

0.0038% share

−17.03% YoY

23.83% of Sub-Ch. 4012

Imports

2.35 ₹ Cr

0.0001% share

−49.89% YoY

3.81% of Sub-Ch. 4012

FY 2021-22 Exp. Rank #2309

Balance

+106.10

Exports

108.21 ₹ Cr

0.0034% share

+31.85% YoY

21.18% of Sub-Ch. 4012

Imports

2.11 ₹ Cr

0.0000% share

−10.21% YoY

2.32% of Sub-Ch. 4012

FY 2022-23 Exp. Rank #2548

Balance

+95.76

Exports

98.65 ₹ Cr

0.0027% share

−8.83% YoY

18.01% of Sub-Ch. 4012

Imports

2.89 ₹ Cr

0.0001% share

+36.97% YoY

2.67% of Sub-Ch. 4012

FY 2023-24 Exp. Rank #2515

Balance

+102.58

Exports

105.33 ₹ Cr

0.0029% share

+6.77% YoY

17.79% of Sub-Ch. 4012

Imports

2.75 ₹ Cr

0.0000% share

−4.84% YoY

1.89% of Sub-Ch. 4012

FY 2024-25 Exp. Rank #2465

Balance

+114.04

Exports

116.63 ₹ Cr

0.0032% share

+10.73% YoY

16.87% of Sub-Ch. 4012

Imports

2.59 ₹ Cr

0.0000% share

−5.82% YoY

2.73% of Sub-Ch. 4012

CAGR · 7-Year

Exports

2.94% /yr

Imports

−17.07% /yr

Consistently Surplus
Sub-Chapter 4012 total

reference, FY 2024-25

Export

₹691.51 Cr

Import

₹94.95 Cr

Trade Balance

+596.56

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

Key Trade Insights: HSN Code 40129049 Export-Import Analysis

Consistent Export Growth: 2.94% CAGR Over 7 Years

India's exports under HSN Code 40129049 have grown at a compound annual rate of 2.94% over 7 fiscal years, rising from ₹97.99 Crore in FY 2018-19 to ₹116.63 Crore in FY 2024-25.

HSN Code 40129049 Ranked #2465 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40129049 ranks #2465 out of 12657 HSN codes by total export value. Within Sub-Chapter 4012, it ranks #3 of 15. By trade surplus, it ranks #1514 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 40129049 Exports

The strongest single-year export movement for HSN Code 40129049 was recorded in FY 2021-22, when exports surged by 31.85% over the prior year.

India Maintains a Trade Surplus of ₹114.04 Crore in HSN Code 40129049 Goods

In FY 2024-25, India's exports of ₹116.63 Cr exceeded imports of ₹2.59 Cr, resulting in a trade surplus of ₹114.04 Crore — ranking #1514 of 12657 by surplus magnitude.

Import Growth of −17.07% CAGR Signals Stable Import Dependency for Other | Tyre Flaps

India's imports under HSN Code 40129049 have grown at −17.07% CAGR, reaching ₹2.59 Crore in FY 2024-25.

HSN Code 40129049 Contributes 16.87% of Sub-Chapter 4012 Exports — Ranked #3

Among the 15 HSN codes under Sub-Chapter 4012, HSN Code 40129049 ranks #3 by export value — accounting for 16.87% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.73% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40129049 and GST compliance.

What products are classified under HSN 40129049 ?

It includes Other | Tyre Flaps

How should mixed supplies be billed when Other / Tyre Flaps is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other / Tyre Flaps; Nil for exempt items if applicable).

How much GST applies to Other / Tyre Flaps?

Under HSN 40129049, Other / Tyre Flaps attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Other / Tyre Flaps?

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.

Can we claim ITC on inputs used to trade Other / Tyre Flaps?

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 Other / Tyre Flaps?

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.