--- title: "HSN Code for Rubber Thread And Cord, Textile Covered | HSN 56041000 GST Rate" description: "Find HSN and GST Rates for 56041000 related to Rubber Thread And Cord, Textile Covered with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-56041000/" --- # HSN Code 56041000: Rubber Thread And Cord, Textile Covered - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 56: Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof](https://busy.in/hsn/chapter-56/) - [Sub-chapter 5604: Rubber-coated textile yarns](https://busy.in/hsn/sub-chapter-5604/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Rubber thread and cord, textile covered | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 56041000 ? It includes Agglomerated Manganese Ore ### Does packaging or labelling change the GST for Rubber Thread And Cord, Textile Covered? 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 Thread And Cord, Textile Covered? 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 Rubber Thread And Cord, Textile Covered? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Rubber Thread And Cord, Textile Covered? Under HSN 56041000, Rubber Thread And Cord, Textile Covered attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Rubber Thread And Cord, Textile Covered? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 56041000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹3 Cr (−7.67% YoY) — 0.0001% of India's total exports - Imports: ₹29 Cr (+92.99% YoY) — 0.0005% of India's total imports - Trade balance: −₹26 Cr (Deficit); surplus rank #9747 of 12657 HSN codes - Share of Sub-Chapter 5604: 13.51% of its exports; import side 49.37% - Rank within Sub-Chapter 5604: #2 of 4 by export value; import-side #2 ### Key metrics - Export CAGR: 4.97% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7239 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +54.91% in FY 2020-21 - Contribution to Sub-Ch. 5604: 13.51% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 56041000 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. 5604 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5604 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 2.16 | 0.0001% | — | 31.81% | 8.80 | 0.0002% | — | 28.24% | −6.64 | #6868 | | FY 2019-20 | 1.73 | 0.0001% | −19.91% | 32.89% | 9.49 | 0.0003% | +7.84% | 32.51% | −7.76 | #7083 | | FY 2020-21 | 2.68 | 0.0001% | +54.91% | 34.27% | 13.28 | 0.0005% | +39.94% | 39.43% | −10.60 | #6668 | | FY 2021-22 | 3.07 | 0.0001% | +14.55% | 27.56% | 15.93 | 0.0003% | +19.95% | 35.79% | −12.86 | #6883 | | FY 2022-23 | 3.57 | 0.0001% | +16.29% | 18.57% | 15.26 | 0.0003% | −4.21% | 28.11% | −11.69 | #6809 | | FY 2023-24 | 3.13 | 0.0001% | −12.32% | 24.42% | 15.12 | 0.0003% | −0.92% | 29.75% | −11.99 | #7093 | | FY 2024-25 | 2.89 | 0.0001% | −7.67% | 13.51% | 29.18 | 0.0005% | +92.99% | 49.37% | −26.29 | #7239 | - CAGR (7-year): exports 4.97%/yr, imports 22.11%/yr (consistently Deficit) ## Key trade insights: HSN Code 56041000 export-import analysis ### Consistent export growth: 4.97% CAGR over 7 years India's exports under HSN Code 56041000 have grown at a compound annual rate of 4.97% over 7 fiscal years, rising from ₹2.16 Crore in FY 2018-19 to ₹2.89 Crore in FY 2024-25. ### HSN Code 56041000 ranked #7239 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 56041000 ranks #7239 out of 12657 HSN codes by total export value. Within Sub-Chapter 5604, it ranks #2 of 4. By trade surplus, it ranks #9747 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 56041000 exports The strongest single-year export movement for HSN Code 56041000 was recorded in FY 2020-21, when exports surged by 54.91% over the prior year. ### India records a trade deficit of ₹26.29 Crore in HSN Code 56041000 goods In FY 2024-25, India's imports of ₹29.18 Cr exceeded exports of ₹2.89 Cr, resulting in a trade deficit of ₹26.29 Crore — ranking #9747 of 12657 by surplus magnitude. ### Import growth of 22.11% CAGR signals rising demand for Rubber Thread And Cord, Textile Covered India's imports under HSN Code 56041000 have grown at 22.11% CAGR, reaching ₹29.18 Crore in FY 2024-25. ### HSN Code 56041000 contributes 13.51% of Sub-Chapter 5604 exports — ranked #2 Among the 4 HSN codes under Sub-Chapter 5604, HSN Code 56041000 ranks #2 by export value — accounting for 13.51% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 49.37% share (rank #2). ## Related HSN Codes in Sub-Chapter 5604 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 56049000: Textile yarn w/ rubber/plastic](https://busy.in/hsn/hsn-56049000/) | ₹19 Cr | | #2 | HSN Code 56041000: Rubber Thread And Cord, Textile Covered (this hsn code) | ₹3 Cr | | — | [HSN Code 56042010: Other High Tenacity Yarn Coated Impregnated](https://busy.in/hsn/hsn-56042010/) | — | | — | [HSN Code 56042090: Jute Cordage Cable Rope Twine](https://busy.in/hsn/hsn-56042090/) | — |