4007 HSN Code: Vulcanised rubber thread

HSN Sub Chapter 4007 represents Vulcanised rubber thread under GST classification. This code helps businesses identify Vulcanised rubber thread correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4007, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vulcanised rubber thread.

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New GST Rate for HSN Code 4007

GST Rate for Vulcanised rubber thread under HSN Code 4007. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

40

HSN Code

4007

HSN Description

Vulcanised rubber thread and cord

New GST Rate

5 %
Essential

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 4007

Following tariff HSN codes fall under Vulcanised rubber thread.

Tariff HSN

40070010

Description

Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread)

Tariff HSN

40070020

Description

Vulcanised rubber thread and cord: Cord, not covered

Tariff HSN

40070090

Description

Latex Rubber Thread

Tariff HSN

40070090

Description

Vulcanised rubber thread and cord: Other

India’s Trade Performance — HSN Sub-Chapter 4007 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

₹164 Cr

+23.62% vs FY 2023-24

0.0044% of India’s total exports

India’s Imports

FY 2024-25

₹53 Cr

+22.42% vs FY 2023-24

0.0009% of India’s total imports

Trade Balance

FY 2024-25

₹110 Cr

Trade Surplus

Surplus rank #381 of 1233 subchapters

% of Chapter 40

FY 2024-25

0.40%

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

Import side: 0.14% of Chapter 40’s imports

Rank Within Chapter 40

FY 2024-25

#13 of 17

Position by export value among subchapters in Chapter 40

Import-side rank: #13 of 17

At a glance

23.87%

Export CAGR

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

#743

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+101.52%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.40%

Contribution to Ch. 40

Share of Chapter 40 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 4007

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 #850

Balance

−31.12

Exports

45.28 ₹ Cr

0.0020% share

— YoY

0.20% of Ch. 40

Imports

76.40 ₹ Cr

0.0021% share

— YoY

0.29% of Ch. 40

FY 2019-20 Exp. Rank #846

Balance

−7.55

Exports

49.43 ₹ Cr

0.0022% share

+9.17% YoY

0.22% of Ch. 40

Imports

56.98 ₹ Cr

0.0017% share

−25.42% YoY

0.26% of Ch. 40

FY 2020-21 Exp. Rank #724

Balance

+52.41

Exports

99.61 ₹ Cr

0.0046% share

+101.52% YoY

0.41% of Ch. 40

Imports

47.20 ₹ Cr

0.0016% share

−17.16% YoY

0.22% of Ch. 40

FY 2021-22 Exp. Rank #734

Balance

+64.71

Exports

131.69 ₹ Cr

0.0042% share

+32.21% YoY

0.38% of Ch. 40

Imports

66.98 ₹ Cr

0.0015% share

+41.91% YoY

0.22% of Ch. 40

FY 2022-23 Exp. Rank #743

Balance

+101.62

Exports

146.13 ₹ Cr

0.0040% share

+10.97% YoY

0.39% of Ch. 40

Imports

44.51 ₹ Cr

0.0008% share

−33.55% YoY

0.13% of Ch. 40

FY 2023-24 Exp. Rank #762

Balance

+88.71

Exports

132.29 ₹ Cr

0.0037% share

−9.47% YoY

0.35% of Ch. 40

Imports

43.58 ₹ Cr

0.0008% share

−2.09% YoY

0.13% of Ch. 40

FY 2024-25 Exp. Rank #743

Balance

+110.19

Exports

163.54 ₹ Cr

0.0044% share

+23.62% YoY

0.40% of Ch. 40

Imports

53.35 ₹ Cr

0.0009% share

+22.42% YoY

0.14% of Ch. 40

CAGR · 7-Year

Exports

23.87% /yr

Imports

−5.81% /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 4007 Export-Import Analysis

Consistent Export Growth: 23.87% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 4007 have grown at a compound annual rate of 23.87% over 7 fiscal years, rising from ₹45.28 Crore in FY 2018-19 to ₹163.54 Crore in FY 2024-25.

HSN Sub-Chapter 4007 Ranked #743 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 4007 ranks #743 out of 1233 subchapters by total export value. Within Chapter 40, it ranks #13 of 17. By trade surplus, it ranks #381 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 4007 Exports

The strongest single-year export movement for HSN Sub-Chapter 4007 was recorded in FY 2020-21, when exports surged by 101.52% over the prior year.

India Maintains a Trade Surplus of ₹110.19 Crore in HSN Sub-Chapter 4007 Goods

In FY 2024-25, India's exports of ₹163.54 Cr exceeded imports of ₹53.35 Cr, resulting in a trade surplus of ₹110.19 Crore — ranking #381 of 1233 by surplus magnitude.

Import Growth of −5.81% CAGR Signals Stable Import Dependency for Vulcanised rubber thread

India's imports under HSN Sub-Chapter 4007 have grown at −5.81% CAGR, reaching ₹53.35 Crore in FY 2024-25.

HSN Sub-Chapter 4007 Contributes 0.40% of Chapter 40 Exports — Ranked #13

Among the 17 subchapters under Chapter 40, HSN Sub-Chapter 4007 ranks #13 by export value — accounting for 0.40% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.14% share (rank #13).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 4007 and GST compliance.

What products are classified under HSN 4007

It includes Vulcanised rubber thread

Can I claim ITC on inputs and services used for Vulcanised rubber thread?

If your outward supply of Vulcanised rubber thread is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

Is the composition scheme suitable if I mainly trade Vulcanised rubber thread?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Any special steps when selling Vulcanised rubber thread 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.

Does MRP, weight or pack size change GST treatment for Vulcanised rubber thread?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

If I repair and return Vulcanised rubber thread, 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.

How should I document Vulcanised rubber thread sent for job work?

Use a delivery challan for sending Vulcanised rubber thread 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.

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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