Consistent Export Growth: 6.84% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4008 have grown at a compound annual rate of 6.84% over 7 fiscal years, rising from ₹755.59 Crore in FY 2018-19 to ₹1,124.06 Crore in FY 2024-25.
HSN Sub Chapter 4008 represents Rubber sheets & strips under GST classification. This code helps businesses identify Rubber sheets & strips correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4008, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rubber sheets & strips.
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GST Rate for Rubber sheets & strips under HSN Code 4008. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Rubber sheets & strips.
Tariff HSN
Description
Of cellular rubber : Plates, sheets and strip : Of micro-cellular rubber
Tariff HSN
Description
Of cellular rubber : Plates, sheets and strip : Other
Tariff HSN
Description
Of cellular rubber : Other : Blocks of micro-cellular rubber but not of latex foam sponge, used in the manufacture of soles, heels or soles and heels combined, for footwear
Tariff HSN
Description
Of cellular rubber : Other : Other
Tariff HSN
Description
Of non-cellular rubber: Plates, sheets and strip : Used in the manufacture of soles, heels or soles and heels combined, for footwear
Tariff HSN
Description
Of non-cellular rubber: Plates, sheets and strip : For resoling or repairing or retreading rubber tyres
Tariff HSN
Description
Of non-cellular rubber: Plates, sheets and strip : Other
Tariff HSN
Description
Of non-cellular rubber: Other : Rubber sheets and resin rubber sheets for soles and heels
Tariff HSN
Description
Of non-cellular rubber: Other : Blocks used in the manufacture of soles, heels or soles and heels combined, for footwear
Tariff HSN
Description
Of non-cellular rubber: Other : Latex foam sponge
Tariff HSN
Description
Of non-cellular rubber: Other : Tread rubber and tread packing strip for resoling or repairing or retreading rubber tyres
Tariff HSN
Description
Of non-cellular rubber: Other : Other
India’s Exports
FY 2024-25₹1,124 Cr
0.0304% of India’s total exports
India’s Imports
FY 2024-25₹397 Cr
0.0065% of India’s total imports
Trade Balance
FY 2024-25₹727 Cr
Surplus rank #217 of 1233 subchapters
% of Chapter 40
FY 2024-252.73%
Share of Chapter 40’s total exports in FY 2024-25
Import side: 1.01% of Chapter 40’s imports
Rank Within Chapter 40
FY 2024-25#6 of 17
Position by export value among subchapters in Chapter 40
Import-side rank: #10 of 17
At a glance
6.84%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#361
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+35.98%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.73%
Contribution to Ch. 40
Share of Chapter 40 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+513.45
Exports
755.59 ₹ Cr
0.0329% share
— YoY
3.37% of Ch. 40
Imports
242.14 ₹ Cr
0.0067% share
— YoY
0.93% of Ch. 40
Balance
+496.34
Exports
728.74 ₹ Cr
0.0330% share
−3.55% YoY
3.25% of Ch. 40
Imports
232.40 ₹ Cr
0.0069% share
−4.02% YoY
1.05% of Ch. 40
Balance
+568.15
Exports
761.56 ₹ Cr
0.0354% share
+4.50% YoY
3.17% of Ch. 40
Imports
193.41 ₹ Cr
0.0066% share
−16.78% YoY
0.90% of Ch. 40
Balance
+792.19
Exports
1,035.56 ₹ Cr
0.0330% share
+35.98% YoY
3.00% of Ch. 40
Imports
243.37 ₹ Cr
0.0053% share
+25.83% YoY
0.79% of Ch. 40
Balance
+615.59
Exports
986.94 ₹ Cr
0.0273% share
−4.70% YoY
2.62% of Ch. 40
Imports
371.35 ₹ Cr
0.0065% share
+52.59% YoY
1.11% of Ch. 40
Balance
+672.87
Exports
985.65 ₹ Cr
0.0272% share
−0.13% YoY
2.60% of Ch. 40
Imports
312.78 ₹ Cr
0.0056% share
−15.77% YoY
0.97% of Ch. 40
Balance
+727.36
Exports
1,124.06 ₹ Cr
0.0304% share
+14.04% YoY
2.73% of Ch. 40
Imports
396.70 ₹ Cr
0.0065% share
+26.83% YoY
1.01% of Ch. 40
CAGR · 7-Year
Exports
6.84% /yr
Imports
8.58% /yr
reference, FY 2024-25
Export
₹41,134.43 Cr
Import
₹39,165.11 Cr
Trade Balance
+1,969.32
India's exports under HSN Sub-Chapter 4008 have grown at a compound annual rate of 6.84% over 7 fiscal years, rising from ₹755.59 Crore in FY 2018-19 to ₹1,124.06 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 4008 ranks #361 out of 1233 subchapters by total export value. Within Chapter 40, it ranks #6 of 17. By trade surplus, it ranks #217 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 4008 was recorded in FY 2021-22, when exports surged by 35.98% over the prior year.
In FY 2024-25, India's exports of ₹1,124.06 Cr exceeded imports of ₹396.70 Cr, resulting in a trade surplus of ₹727.36 Crore — ranking #217 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4008 have grown at 8.58% CAGR, reaching ₹396.70 Crore in FY 2024-25.
Among the 17 subchapters under Chapter 40, HSN Sub-Chapter 4008 ranks #6 by export value — accounting for 2.73% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.01% share (rank #10).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 4008 and GST compliance.
It includes Rubber sheets & strips
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Rubber sheets & strips is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
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.