--- title: "HSN Code for Rubber Bands | HSN 40169920 GST Rate" description: "Find HSN and GST Rates for 40169920 related to Rubber Bands with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40169920/" --- # HSN Code 40169920: Rubber Bands - [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 4016: Vulcanized rubber articles](https://busy.in/hsn/sub-chapter-4016/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Rubber bands | 6% | 6% | 12% | 0% | | Other : Other : Rubber bands | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 40169920 ? It includes Rubber Bands ### How much GST applies to Rubber Bands? Under HSN 40169920, Rubber Bands attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Rubber Bands? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Rubber Bands is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Rubber Bands; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Rubber Bands? 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 Rubber Bands? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 40169920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹5 Cr (+110.20% YoY) — 0.0001% of India's total exports - Imports: ₹28 Cr (+52.63% YoY) — 0.0005% of India's total imports - Trade balance: −₹23 Cr (Deficit); surplus rank #9632 of 12657 HSN codes - Share of Sub-Chapter 4016: 0.09% of its exports; import side 0.44% - Rank within Sub-Chapter 4016: #19 of 23 by export value; import-side #16 ### Key metrics - Export CAGR: 7.01% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6522 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +110.20% in FY 2024-25 - Contribution to Sub-Ch. 4016: 0.09% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40169920 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. 4016 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4016 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 3.57 | 0.0002% | — | 0.11% | 18.22 | 0.0005% | — | 0.42% | −14.65 | #6276 | | FY 2019-20 | 2.17 | 0.0001% | −39.22% | 0.07% | 15.40 | 0.0005% | −15.48% | 0.40% | −13.23 | #6841 | | FY 2020-21 | 2.86 | 0.0001% | +31.80% | 0.09% | 18.69 | 0.0006% | +21.36% | 0.46% | −15.83 | #6607 | | FY 2021-22 | 3.74 | 0.0001% | +30.77% | 0.08% | 17.15 | 0.0004% | −8.24% | 0.35% | −13.41 | #6679 | | FY 2022-23 | 3.22 | 0.0001% | −13.90% | 0.07% | 16.33 | 0.0003% | −4.78% | 0.29% | −13.11 | #6926 | | FY 2023-24 | 2.55 | 0.0001% | −20.81% | 0.05% | 18.45 | 0.0003% | +12.98% | 0.30% | −15.90 | #7310 | | FY 2024-25 | 5.36 | 0.0001% | +110.20% | 0.09% | 28.16 | 0.0005% | +52.63% | 0.44% | −22.80 | #6522 | - CAGR (7-year): exports 7.01%/yr, imports 7.53%/yr (consistently Deficit) ## Key trade insights: HSN Code 40169920 export-import analysis ### Consistent export growth: 7.01% CAGR over 7 years India's exports under HSN Code 40169920 have grown at a compound annual rate of 7.01% over 7 fiscal years, rising from ₹3.57 Crore in FY 2018-19 to ₹5.36 Crore in FY 2024-25. ### HSN Code 40169920 ranked #6522 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40169920 ranks #6522 out of 12657 HSN codes by total export value. Within Sub-Chapter 4016, it ranks #19 of 23. By trade surplus, it ranks #9632 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 40169920 exports The strongest single-year export movement for HSN Code 40169920 was recorded in FY 2024-25, when exports surged by 110.20% over the prior year. ### India records a trade deficit of ₹22.80 Crore in HSN Code 40169920 goods In FY 2024-25, India's imports of ₹28.16 Cr exceeded exports of ₹5.36 Cr, resulting in a trade deficit of ₹22.80 Crore — ranking #9632 of 12657 by surplus magnitude. ### Import growth of 7.53% CAGR signals stable import dependency for Rubber Bands India's imports under HSN Code 40169920 have grown at 7.53% CAGR, reaching ₹28.16 Crore in FY 2024-25. ### HSN Code 40169920 contributes 0.09% of Sub-Chapter 4016 exports — ranked #19 Among the 23 HSN codes under Sub-Chapter 4016, HSN Code 40169920 ranks #19 by export value — accounting for 0.09% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.44% share (rank #16). ## Related HSN Codes in Sub-Chapter 4016 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 40169990: Toy balloons of natural rubber latex](https://busy.in/hsn/hsn-40169990/) | ₹1,815 Cr | | #2 | [HSN Code 40169390: Gaskets, washers and other seals](https://busy.in/hsn/hsn-40169390/) | ₹907 Cr | | #3 | [HSN Code 40169100: Other \| Floor Coverings And Mats](https://busy.in/hsn/hsn-40169100/) | ₹886 Cr | | #4 | [HSN Code 40169980: Other \| Other \| Stoppers](https://busy.in/hsn/hsn-40169980/) | ₹586 Cr | | #5 | [HSN Code 40169330: Rubber seals](https://busy.in/hsn/hsn-40169330/) | ₹436 Cr | | #6 | [HSN Code 40169340: Pickled (Wet Salted) Goat Skins](https://busy.in/hsn/hsn-40169340/) | ₹356 Cr | | #7 | [HSN Code 40169320: Rubber rings: Gaskets, washers](https://busy.in/hsn/hsn-40169320/) | ₹115 Cr | | #8 | [HSN Code 40169960: Rubber Bushes](https://busy.in/hsn/hsn-40169960/) | ₹115 Cr | | #9 | [HSN Code 40169400: Boat or dock fenders](https://busy.in/hsn/hsn-40169400/) | ₹92 Cr | | #10 | [HSN Code 40169910: Other : Other : Rubber cots for textile industry](https://busy.in/hsn/hsn-40169910/) | ₹87 Cr | | #19 | HSN Code 40169920: Rubber Bands (this hsn code) | ₹5 Cr |