HSN Code 40103190: V-Belts (>180-240cm)

HSN Code 40103190 represents V-Belts (>180-240cm) under GST classification. This code helps businesses identify V-Belts (>180-240cm) correctly for billing, taxation, and trade. With HSN Code 40103190, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of V-Belts (>180-240cm).

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Description of Goods for HSN Code 40103190

HSN Code 40103190 relates to the following description.

Description of Goods

Transmission belts or belting : Endless transmission belts of trapezoidal cross-section (V-belts), V-ribbed, of an outside circumference exceeding 180 cm but not exceeding 240 cm : Other

Chapter

40 - Rubber and articles thereof

Sub Chapter

4010 - Conveyor or transmission belts or belting of vulcanised rubber

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 40103190 not include?

V-Belts (>180-240cm) does not include products with the following descriptions.

HSN Code 40101110

Conveyor belts or belting : Reinforced only with metal : Where the rubber compound content is less than 25% by weight

HSN Code 40101210

Conveyor belts or belting : Reinforced only with textile materials : Where the rubber compound content is less than 25% by weight

HSN Code 40101310

Conveyor or transmission belts or belting of vulcanised rubber - conveyor belts or belting : - reinforced only with plastics : where the rubber compound content is less than 25% by weight

HSN Code 40101390

Conveyor or transmission belts or belting of vulcanised rubber - conveyor belts or belting : - reinforced only with plastics : other

HSN Code 40101910

Conveyor belts or belting : Other : Where the rubber compound content is less than 25% by weight

HSN Code 40103110

Transmission belts or belting : Endless transmission belts of trapezoidal cross-section (V-belts), V-ribbed, of an outside circumference exceeding 180 cm but not exceeding 240 cm : Where the rubber compound content is less than 25% by weight

HSN Code 40103210

Transmission belts or belting : Endless transmission belts of trapezoidal crosssection (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm : Where the rubber compound content is less than 25% by weight

HSN Code 40103290

Transmission belts or belting : Endless transmission belts of trapezoidal crosssection (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm : other

HSN Code 40103310

Transmission belts or belting : Endless transmission belts of trapezoidal crosssection (V-belts), V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm : Where the rubber compound content is less than 25% by weight

HSN Code 40103390

Transmission belts or belting : Endless transmission belts of trapezoidal crosssection (V-belts), V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm : Other

HSN Code 40103410

Transmission belts or belting : Endless transmission belts of trapezoidal crosssection (V-belts), other than V-ribbed, of an outside circumference exceeding 180 cm but not exceeding 240 cm : Where the rubber compound content is less than 25% by weight

HSN Code 40103490

Transmission belts or belting : Endless transmission belts of trapezoidal crosssection (V-belts), other than V-ribbed, of an outside circumference exceeding 180 cm but not exceeding 240 cm : Other

HSN Code 40103510

Transmission belts or belting : Endless synchronous belts of an outside circumference exceeding 60 cm but not exceeding 150 cm : Where the rubber compound content is less than 25% by weight

HSN Code 40103590

Transmission belts or belting : Endless synchronous belts of an outside circumference exceeding 60 cm but not exceeding 150 cm : Other

HSN Code 40103610

Transmission belts or belting : Endless synchronous belts of an outside circumference exceeding 150 cm but not exceeding 198 cm : Where the rubber compound content is less than 25% by weight

HSN Code 40103690

Transmission belts or belting : Endless synchronous belts of an outside circumference exceeding 150 cm but not exceeding 198 cm : Other

HSN Code 40103911

Transmission belts or belting : Other : Where the rubber compound content is less than 25% by weight : Endless flat belt

HSN Code 40103912

Transmission belts or belting : Other : Where the rubber compound content is less than 25% by weight : Ply belting

HSN Code 40103919

Transmission belts or belting : Other : Where the rubber compound content is less than 25% by weight : Other

India’s Trade Performance — HSN Code 40103190 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

₹22 Cr

+24.57% vs FY 2023-24

0.0006% of India’s total exports

India’s Imports

FY 2024-25

₹82 Cr

−1.30% vs FY 2023-24

0.0014% of India’s total imports

Trade Balance

FY 2024-25

−₹61 Cr

Trade Deficit

Surplus rank #10387 of 12657 HSN codes

% of Sub-Chapter 4010

FY 2024-25

1.20%

Share of Sub-Chapter 4010’s total exports in FY 2024-25

Import side: 7.50% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2024-25

#6 of 26

Position by export value among HSN codes in Sub-Chapter 4010

Import-side rank: #4 of 26

At a glance

21.46%

Export CAGR

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

#4762

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+133.97%

Peak Growth Year

FY 2020-21 · strongest single-year move

1.20%

Contribution to Sub-Ch. 4010

Share of Sub-Chapter 4010 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 40103190

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 #5466

Balance

−39.51

Exports

6.79 ₹ Cr

0.0003% share

— YoY

0.67% of Sub-Ch. 4010

Imports

46.30 ₹ Cr

0.0013% share

— YoY

6.81% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #5675

Balance

−39.75

Exports

5.80 ₹ Cr

0.0003% share

−14.58% YoY

0.58% of Sub-Ch. 4010

Imports

45.55 ₹ Cr

0.0014% share

−1.62% YoY

7.11% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #4707

Balance

−26.86

Exports

13.57 ₹ Cr

0.0006% share

+133.97% YoY

1.50% of Sub-Ch. 4010

Imports

40.43 ₹ Cr

0.0014% share

−11.24% YoY

6.53% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #4842

Balance

−27.48

Exports

16.49 ₹ Cr

0.0005% share

+21.52% YoY

1.28% of Sub-Ch. 4010

Imports

43.97 ₹ Cr

0.0010% share

+8.76% YoY

5.58% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #4862

Balance

−53.22

Exports

17.21 ₹ Cr

0.0005% share

+4.37% YoY

1.05% of Sub-Ch. 4010

Imports

70.43 ₹ Cr

0.0012% share

+60.18% YoY

7.41% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #4948

Balance

−65.88

Exports

17.50 ₹ Cr

0.0005% share

+1.69% YoY

1.04% of Sub-Ch. 4010

Imports

83.38 ₹ Cr

0.0015% share

+18.39% YoY

8.23% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #4762

Balance

−60.50

Exports

21.80 ₹ Cr

0.0006% share

+24.57% YoY

1.20% of Sub-Ch. 4010

Imports

82.30 ₹ Cr

0.0014% share

−1.30% YoY

7.50% of Sub-Ch. 4010

CAGR · 7-Year

Exports

21.46% /yr

Imports

10.06% /yr

Consistently Deficit
Sub-Chapter 4010 total

reference, FY 2024-25

Export

₹1,809.70 Cr

Import

₹1,096.82 Cr

Trade Balance

+712.88

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

Key Trade Insights: HSN Code 40103190 Export-Import Analysis

Consistent Export Growth: 21.46% CAGR Over 7 Years

India's exports under HSN Code 40103190 have grown at a compound annual rate of 21.46% over 7 fiscal years, rising from ₹6.79 Crore in FY 2018-19 to ₹21.80 Crore in FY 2024-25.

HSN Code 40103190 Ranked #4762 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40103190 ranks #4762 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #6 of 26. By trade surplus, it ranks #10387 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 40103190 Exports

The strongest single-year export movement for HSN Code 40103190 was recorded in FY 2020-21, when exports surged by 133.97% over the prior year.

India Records a Trade Deficit of ₹60.50 Crore in HSN Code 40103190 Goods

In FY 2024-25, India's imports of ₹82.30 Cr exceeded exports of ₹21.80 Cr, resulting in a trade deficit of ₹60.50 Crore — ranking #10387 of 12657 by surplus magnitude.

Import Growth of 10.06% CAGR Signals Rising Demand for V-Belts (>180-240cm)

India's imports under HSN Code 40103190 have grown at 10.06% CAGR, reaching ₹82.30 Crore in FY 2024-25.

HSN Code 40103190 Contributes 1.20% of Sub-Chapter 4010 Exports — Ranked #6

Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103190 ranks #6 by export value — accounting for 1.20% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.50% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40103190 and GST compliance.

What products are classified under HSN 40103190 ?

It includes V-Belts (>180-240cm)

Any common misclassification issue with V-Belts (>180-240cm)?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for V-Belts (>180-240cm)?

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.

How should mixed supplies be billed when V-Belts (>180-240cm) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for V-Belts (>180-240cm); Nil for exempt items if applicable).

How much GST applies to V-Belts (>180-240cm)?

Under HSN 40103190, V-Belts (>180-240cm) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for V-Belts (>180-240cm)?

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.

Can we claim ITC on inputs used to trade V-Belts (>180-240cm)?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

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.