HSN Code 40169920: Rubber Bands

HSN Code 40169920 represents Rubber Bands under GST classification. This code helps businesses identify Rubber Bands correctly for billing, taxation, and trade. With HSN Code 40169920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Rubber Bands.

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Description of Goods for HSN Code 40169920

HSN Code 40169920 relates to the following description.

Description of Goods

Rubber bands

Chapter

40 - Rubber and articles thereof

Sub Chapter

4016 - Other articles of vulcanised rubber other than hard rubber

CGST

6%

SGST

6%

IGST

12%

CESS

0%

Description of Goods

Other : Other : Rubber bands

Chapter

40 - Rubber and articles thereof

Sub Chapter

4016 - Other articles of vulcanised rubber other than hard rubber

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 40169920 not include?

Rubber Bands does not include products with the following descriptions.

HSN Code 40169310

Other : Gaskets, washers and other seals : Patches for puncture repair of self- vulcanising rubber or a rubber backing

HSN Code 40169330

Other : Gaskets, washers and other seals : Rubber seals (Oil seals and the like)

India’s Trade Performance — HSN Code 40169920 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

₹5 Cr

+110.20% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹28 Cr

+52.63% vs FY 2023-24

0.0005% of India’s total imports

Trade Balance

FY 2024-25

−₹23 Cr

Trade Deficit

Surplus rank #9632 of 12657 HSN codes

% of Sub-Chapter 4016

FY 2024-25

0.09%

Share of Sub-Chapter 4016’s total exports in FY 2024-25

Import side: 0.44% of Sub-Chapter 4016’s imports

Rank Within Sub-Chapter 4016

FY 2024-25

#19 of 23

Position by export value among HSN codes in Sub-Chapter 4016

Import-side rank: #16 of 23

At a glance

7.01%

Export CAGR

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

#6522

National Export Rank

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

+110.20%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.09%

Contribution to Sub-Ch. 4016

Share of Sub-Chapter 4016 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6276

Balance

−14.65

Exports

3.57 ₹ Cr

0.0002% share

— YoY

0.11% of Sub-Ch. 4016

Imports

18.22 ₹ Cr

0.0005% share

— YoY

0.42% of Sub-Ch. 4016

FY 2019-20 Exp. Rank #6841

Balance

−13.23

Exports

2.17 ₹ Cr

0.0001% share

−39.22% YoY

0.07% of Sub-Ch. 4016

Imports

15.40 ₹ Cr

0.0005% share

−15.48% YoY

0.40% of Sub-Ch. 4016

FY 2020-21 Exp. Rank #6607

Balance

−15.83

Exports

2.86 ₹ Cr

0.0001% share

+31.80% YoY

0.09% of Sub-Ch. 4016

Imports

18.69 ₹ Cr

0.0006% share

+21.36% YoY

0.46% of Sub-Ch. 4016

FY 2021-22 Exp. Rank #6679

Balance

−13.41

Exports

3.74 ₹ Cr

0.0001% share

+30.77% YoY

0.08% of Sub-Ch. 4016

Imports

17.15 ₹ Cr

0.0004% share

−8.24% YoY

0.35% of Sub-Ch. 4016

FY 2022-23 Exp. Rank #6926

Balance

−13.11

Exports

3.22 ₹ Cr

0.0001% share

−13.90% YoY

0.07% of Sub-Ch. 4016

Imports

16.33 ₹ Cr

0.0003% share

−4.78% YoY

0.29% of Sub-Ch. 4016

FY 2023-24 Exp. Rank #7310

Balance

−15.90

Exports

2.55 ₹ Cr

0.0001% share

−20.81% YoY

0.05% of Sub-Ch. 4016

Imports

18.45 ₹ Cr

0.0003% share

+12.98% YoY

0.30% of Sub-Ch. 4016

FY 2024-25 Exp. Rank #6522

Balance

−22.80

Exports

5.36 ₹ Cr

0.0001% share

+110.20% YoY

0.09% of Sub-Ch. 4016

Imports

28.16 ₹ Cr

0.0005% share

+52.63% YoY

0.44% of Sub-Ch. 4016

CAGR · 7-Year

Exports

7.01% /yr

Imports

7.53% /yr

Consistently Deficit
Sub-Chapter 4016 total

reference, FY 2024-25

Export

₹5,660.84 Cr

Import

₹6,430.40 Cr

Trade Balance

−769.56

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40169920 and GST compliance.

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.

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.