HSN Code 40169960: Rubber Bushes

HSN Code 40169960 represents Rubber Bushes under GST classification. This code helps businesses identify Rubber Bushes correctly for billing, taxation, and trade. With HSN Code 40169960, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Rubber Bushes.

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Description of Goods for HSN Code 40169960

HSN Code 40169960 relates to the following description.

Description of Goods

Other : Other : Rubber bushes

Chapter

40 - Rubber and articles thereof

Sub Chapter

4016 - Other articles of vulcanised rubber other than hard rubber

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 40169960 not include?

Rubber Bushes 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 40169960 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

₹115 Cr

+17.98% vs FY 2023-24

0.0031% of India’s total exports

India’s Imports

FY 2024-25

₹95 Cr

−7.18% vs FY 2023-24

0.0016% of India’s total imports

Trade Balance

FY 2024-25

₹19 Cr

Trade Surplus

Surplus rank #2836 of 12657 HSN codes

% of Sub-Chapter 4016

FY 2024-25

2.03%

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

Import side: 1.48% of Sub-Chapter 4016’s imports

Rank Within Sub-Chapter 4016

FY 2024-25

#8 of 23

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

Import-side rank: #9 of 23

At a glance

10.92%

Export CAGR

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

#2484

National Export Rank

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

+47.49%

Peak Growth Year

FY 2021-22 · strongest single-year move

2.03%

Contribution to Sub-Ch. 4016

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

India Export-Import Trade Statistics for HSN Code 40169960

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 #2582

Balance

−5.86

Exports

61.64 ₹ Cr

0.0027% share

— YoY

1.88% of Sub-Ch. 4016

Imports

67.50 ₹ Cr

0.0019% share

— YoY

1.55% of Sub-Ch. 4016

FY 2019-20 Exp. Rank #2638

Balance

+6.95

Exports

60.04 ₹ Cr

0.0027% share

−2.60% YoY

1.89% of Sub-Ch. 4016

Imports

53.09 ₹ Cr

0.0016% share

−21.35% YoY

1.37% of Sub-Ch. 4016

FY 2020-21 Exp. Rank #2878

Balance

−9.46

Exports

51.78 ₹ Cr

0.0024% share

−13.76% YoY

1.58% of Sub-Ch. 4016

Imports

61.24 ₹ Cr

0.0021% share

+15.35% YoY

1.51% of Sub-Ch. 4016

FY 2021-22 Exp. Rank #2768

Balance

+2.10

Exports

76.37 ₹ Cr

0.0024% share

+47.49% YoY

1.72% of Sub-Ch. 4016

Imports

74.27 ₹ Cr

0.0016% share

+21.28% YoY

1.50% of Sub-Ch. 4016

FY 2022-23 Exp. Rank #2721

Balance

−5.24

Exports

87.88 ₹ Cr

0.0024% share

+15.07% YoY

1.89% of Sub-Ch. 4016

Imports

93.12 ₹ Cr

0.0016% share

+25.38% YoY

1.63% of Sub-Ch. 4016

FY 2023-24 Exp. Rank #2613

Balance

−5.39

Exports

97.32 ₹ Cr

0.0027% share

+10.74% YoY

1.95% of Sub-Ch. 4016

Imports

102.71 ₹ Cr

0.0018% share

+10.30% YoY

1.66% of Sub-Ch. 4016

FY 2024-25 Exp. Rank #2484

Balance

+19.48

Exports

114.82 ₹ Cr

0.0031% share

+17.98% YoY

2.03% of Sub-Ch. 4016

Imports

95.34 ₹ Cr

0.0016% share

−7.18% YoY

1.48% of Sub-Ch. 4016

CAGR · 7-Year

Exports

10.92% /yr

Imports

5.92% /yr

Consistently Surplus
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 40169960 Export-Import Analysis

Consistent Export Growth: 10.92% CAGR Over 7 Years

India's exports under HSN Code 40169960 have grown at a compound annual rate of 10.92% over 7 fiscal years, rising from ₹61.64 Crore in FY 2018-19 to ₹114.82 Crore in FY 2024-25.

HSN Code 40169960 Ranked #2484 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40169960 ranks #2484 out of 12657 HSN codes by total export value. Within Sub-Chapter 4016, it ranks #8 of 23. By trade surplus, it ranks #2836 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 40169960 Exports

The strongest single-year export movement for HSN Code 40169960 was recorded in FY 2021-22, when exports surged by 47.49% over the prior year.

India Maintains a Trade Surplus of ₹19.48 Crore in HSN Code 40169960 Goods

In FY 2024-25, India's exports of ₹114.82 Cr exceeded imports of ₹95.34 Cr, resulting in a trade surplus of ₹19.48 Crore — ranking #2836 of 12657 by surplus magnitude.

Import Growth of 5.92% CAGR Signals Stable Import Dependency for Rubber Bushes

India's imports under HSN Code 40169960 have grown at 5.92% CAGR, reaching ₹95.34 Crore in FY 2024-25.

HSN Code 40169960 Contributes 2.03% of Sub-Chapter 4016 Exports — Ranked #8

Among the 23 HSN codes under Sub-Chapter 4016, HSN Code 40169960 ranks #8 by export value — accounting for 2.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.48% share (rank #9).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40169960 and GST compliance.

What products are classified under HSN 40169960 ?

It includes Rubber Bushes

How should mixed supplies be billed when Rubber Bushes is sold with other items?

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

Does packaging or labelling change the GST for Rubber Bushes?

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 Rubber Bushes?

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 Rubber Bushes?

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

Can we claim ITC on inputs used to trade Rubber Bushes?

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.