4003 HSN Code: Reclaimed rubber

HSN Sub Chapter 4003 represents Reclaimed rubber under GST classification. This code helps businesses identify Reclaimed rubber correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4003, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Reclaimed rubber.

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New GST Rate for HSN Code 4003

GST Rate for Reclaimed rubber under HSN Code 4003. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

40

HSN Code

4003

HSN Description

Reclaimed rubber in primary forms or in plates, sheets or strip

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 4003

Following tariff HSN codes fall under Reclaimed rubber.

Tariff HSN

40030000

Description

Reclaimed rubber in primary forms or in plates, sheets or strip

India’s Trade Performance — HSN Sub-Chapter 4003 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

₹663 Cr

+8.84% vs FY 2023-24

0.0179% of India’s total exports

India’s Imports

FY 2024-25

₹7 Cr

+24.91% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹656 Cr

Trade Surplus

Surplus rank #228 of 1233 subchapters

% of Chapter 40

FY 2024-25

1.61%

Share of Chapter 40’s total exports in FY 2024-25

Import side: 0.02% of Chapter 40’s imports

Rank Within Chapter 40

FY 2024-25

#9 of 17

Position by export value among subchapters in Chapter 40

Import-side rank: #17 of 17

At a glance

0.62%

Export CAGR

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

#469

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+72.54%

Peak Growth Year

FY 2022-23 · strongest single-year move

1.61%

Contribution to Ch. 40

Share of Chapter 40 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 4003

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 #376

Balance

+635.28

Exports

638.61 ₹ Cr

0.0278% share

— YoY

2.85% of Ch. 40

Imports

3.33 ₹ Cr

0.0001% share

— YoY

0.01% of Ch. 40

FY 2019-20 Exp. Rank #386

Balance

+555.59

Exports

564.49 ₹ Cr

0.0256% share

−11.61% YoY

2.52% of Ch. 40

Imports

8.90 ₹ Cr

0.0003% share

+167.27% YoY

0.04% of Ch. 40

FY 2020-21 Exp. Rank #464

Balance

+413.78

Exports

418.54 ₹ Cr

0.0195% share

−25.86% YoY

1.74% of Ch. 40

Imports

4.76 ₹ Cr

0.0002% share

−46.52% YoY

0.02% of Ch. 40

FY 2021-22 Exp. Rank #457

Balance

+552.73

Exports

557.45 ₹ Cr

0.0178% share

+33.19% YoY

1.61% of Ch. 40

Imports

4.72 ₹ Cr

0.0001% share

−0.84% YoY

0.02% of Ch. 40

FY 2022-23 Exp. Rank #387

Balance

+959.00

Exports

961.80 ₹ Cr

0.0266% share

+72.54% YoY

2.56% of Ch. 40

Imports

2.80 ₹ Cr

0.0000% share

−40.68% YoY

0.01% of Ch. 40

FY 2023-24 Exp. Rank #476

Balance

+603.55

Exports

608.93 ₹ Cr

0.0168% share

−36.69% YoY

1.61% of Ch. 40

Imports

5.38 ₹ Cr

0.0001% share

+92.14% YoY

0.02% of Ch. 40

FY 2024-25 Exp. Rank #469

Balance

+656.05

Exports

662.77 ₹ Cr

0.0179% share

+8.84% YoY

1.61% of Ch. 40

Imports

6.72 ₹ Cr

0.0001% share

+24.91% YoY

0.02% of Ch. 40

CAGR · 7-Year

Exports

0.62% /yr

Imports

12.41% /yr

Consistently Surplus
Chapter 40 total

reference, FY 2024-25

Export

₹41,134.43 Cr

Import

₹39,165.11 Cr

Trade Balance

+1,969.32

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

Key Trade Insights: HSN Sub-Chapter 4003 Export-Import Analysis

Consistent Export Growth: 0.62% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 4003 have grown at a compound annual rate of 0.62% over 7 fiscal years, rising from ₹638.61 Crore in FY 2018-19 to ₹662.77 Crore in FY 2024-25.

HSN Sub-Chapter 4003 Ranked #469 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 4003 ranks #469 out of 1233 subchapters by total export value. Within Chapter 40, it ranks #9 of 17. By trade surplus, it ranks #228 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 4003 Exports

The strongest single-year export movement for HSN Sub-Chapter 4003 was recorded in FY 2022-23, when exports surged by 72.54% over the prior year.

India Maintains a Trade Surplus of ₹656.05 Crore in HSN Sub-Chapter 4003 Goods

In FY 2024-25, India's exports of ₹662.77 Cr exceeded imports of ₹6.72 Cr, resulting in a trade surplus of ₹656.05 Crore — ranking #228 of 1233 by surplus magnitude.

Import Growth of 12.41% CAGR Signals Rising Demand for Reclaimed rubber

India's imports under HSN Sub-Chapter 4003 have grown at 12.41% CAGR, reaching ₹6.72 Crore in FY 2024-25.

HSN Sub-Chapter 4003 Contributes 1.61% of Chapter 40 Exports — Ranked #9

Among the 17 subchapters under Chapter 40, HSN Sub-Chapter 4003 ranks #9 by export value — accounting for 1.61% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #17).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 4003 and GST compliance.

What products are classified under HSN 4003

It includes Reclaimed rubber

Any special steps when selling Reclaimed rubber through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

Any import/export nuance for Reclaimed rubber?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

What should my invoice and records include for Reclaimed rubber?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

How should I document Reclaimed rubber sent for job work?

Use a delivery challan for sending Reclaimed rubber to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

If I repair and return Reclaimed rubber, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

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.

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