Consistent Export Growth: 9.54% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4016 have grown at a compound annual rate of 9.54% over 7 fiscal years, rising from ₹3,276.34 Crore in FY 2018-19 to ₹5,660.84 Crore in FY 2024-25.
HSN Sub Chapter 4016 represents Vulcanized rubber articles under GST classification. This code helps businesses identify Vulcanized rubber articles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4016, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vulcanized rubber articles.
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GST Rate for Vulcanized rubber articles under HSN Code 4016. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Vulcanized rubber articles.
Tariff HSN
Description
Of cellular rubber
Tariff HSN
Description
Other : Floor coverings and mats
Tariff HSN
Description
Other : Erasers
Tariff HSN
Description
Other : Gaskets, washers and other seals : Patches for puncture repair of self- vulcanising rubber or a rubber backing
Tariff HSN
Description
Other : Gaskets, washers and other seals : Rubber rings (O-ring)
Tariff HSN
Description
Other : Gaskets, washers and other seals : Rubber seals (Oil seals and the like)
Tariff HSN
Description
Gaskets
Tariff HSN
Description
Other : Gaskets, washers and other seals : Washers
Tariff HSN
Description
Other : Gaskets, washers and other seals : Plugs
Tariff HSN
Description
Other than erasers, rubber bands
Tariff HSN
Description
Other : Gaskets, washers and other seals : Other
Tariff HSN
Description
Other : Boat or dock fenders, whether or not inflatable
Tariff HSN
Description
Other : Other inflatable articles: Air mattresses
Tariff HSN
Description
Other : Other inflatable articles: Other
Tariff HSN
Description
Other : Other : Rubber cots for textile industry
Tariff HSN
Description
Rubber bands
Tariff HSN
Description
Other : Other : Rubber bands
Tariff HSN
Description
Other : Other : Rubber threads
Tariff HSN
Description
Other : Other : Rubber blankets
Tariff HSN
Description
Other : Other : Rubber cushions
Tariff HSN
Description
Other : Other : Rubber bushes
Tariff HSN
Description
Other : Other : Ear plug
Tariff HSN
Description
Other : Other : stoppers
Tariff HSN
Description
Other : Other : Other (Toy balloons made of natural rubber latex)
Tariff HSN
Description
Other : Gaskets, washers and other seals : Gaskets
India’s Exports
FY 2024-25₹5,661 Cr
0.1529% of India’s total exports
India’s Imports
FY 2024-25₹6,430 Cr
0.1054% of India’s total imports
Trade Balance
FY 2024-25−₹770 Cr
Surplus rank #927 of 1233 subchapters
% of Chapter 40
FY 2024-2513.76%
Share of Chapter 40’s total exports in FY 2024-25
Import side: 16.42% of Chapter 40’s imports
Rank Within Chapter 40
FY 2024-25#2 of 17
Position by export value among subchapters in Chapter 40
Import-side rank: #3 of 17
At a glance
9.54%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#123
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+35.73%
Peak Growth Year
FY 2021-22 · strongest single-year move
13.76%
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
−1,071.92
Exports
3,276.34 ₹ Cr
0.1427% share
— YoY
14.61% of Ch. 40
Imports
4,348.26 ₹ Cr
0.1211% share
— YoY
16.74% of Ch. 40
Balance
−715.23
Exports
3,171.71 ₹ Cr
0.1436% share
−3.19% YoY
14.16% of Ch. 40
Imports
3,886.94 ₹ Cr
0.1159% share
−10.61% YoY
17.60% of Ch. 40
Balance
−772.51
Exports
3,280.20 ₹ Cr
0.1525% share
+3.42% YoY
13.63% of Ch. 40
Imports
4,052.71 ₹ Cr
0.1391% share
+4.26% YoY
18.83% of Ch. 40
Balance
−501.29
Exports
4,452.25 ₹ Cr
0.1419% share
+35.73% YoY
12.88% of Ch. 40
Imports
4,953.54 ₹ Cr
0.1084% share
+22.23% YoY
16.07% of Ch. 40
Balance
−1,078.20
Exports
4,641.75 ₹ Cr
0.1282% share
+4.26% YoY
12.34% of Ch. 40
Imports
5,719.95 ₹ Cr
0.0995% share
+15.47% YoY
17.08% of Ch. 40
Balance
−1,200.86
Exports
4,984.99 ₹ Cr
0.1378% share
+7.39% YoY
13.16% of Ch. 40
Imports
6,185.85 ₹ Cr
0.1101% share
+8.15% YoY
19.09% of Ch. 40
Balance
−769.56
Exports
5,660.84 ₹ Cr
0.1529% share
+13.56% YoY
13.76% of Ch. 40
Imports
6,430.40 ₹ Cr
0.1054% share
+3.95% YoY
16.42% of Ch. 40
CAGR · 7-Year
Exports
9.54% /yr
Imports
6.74% /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 4016 have grown at a compound annual rate of 9.54% over 7 fiscal years, rising from ₹3,276.34 Crore in FY 2018-19 to ₹5,660.84 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 4016 ranks #123 out of 1233 subchapters by total export value. Within Chapter 40, it ranks #2 of 17. By trade surplus, it ranks #927 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 4016 was recorded in FY 2021-22, when exports surged by 35.73% over the prior year.
In FY 2024-25, India's imports of ₹6,430.40 Cr exceeded exports of ₹5,660.84 Cr, resulting in a trade deficit of ₹769.56 Crore — ranking #927 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4016 have grown at 6.74% CAGR, reaching ₹6,430.40 Crore in FY 2024-25.
Among the 17 subchapters under Chapter 40, HSN Sub-Chapter 4016 ranks #2 by export value — accounting for 13.76% of the chapter's total exports in FY 2024-25. On the import side, it holds 16.42% share (rank #3).
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 4016 and GST compliance.
It includes Vulcanized rubber articles
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Vulcanized rubber articles 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.
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.
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.
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.
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.