--- title: "HSN Code for V-Belts (Rubber <25%) | HSN 40103210 GST Rate" description: "Find HSN and GST Rates for 40103210 related to V-Belts (Rubber <25%) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40103210/" --- # HSN Code 40103210: V-Belts (Rubber <25%) - [Section 07: Guide to HSN Section 07](https://busy.in/hsn/section-07/) - [Chapter 40: Rubber and Articles Thereof](https://busy.in/hsn/chapter-40/) - [Sub-chapter 4010: Rubber conveyor belts](https://busy.in/hsn/sub-chapter-4010/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | 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 | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40103210 ? It includes V-Belts (Rubber <25%) ### Do e‑way bill and e‑invoice apply for V-Belts (Rubber <25%)? 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 much GST applies to V-Belts (Rubber <25%)? Under HSN 40103210, V-Belts (Rubber <25%) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for V-Belts (Rubber <25%)? 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. ### Any common misclassification issue with V-Belts (Rubber <25%)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade V-Belts (Rubber <25%)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 40103210 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+11.17% YoY) — 0.0001% of India's total exports - Imports: < ₹1 Crore (+7.58% YoY) — 0.0000% of India's total imports - Trade balance: ₹1 Cr (Surplus); surplus rank #4347 of 12657 HSN codes - Share of Sub-Chapter 4010: 0.12% of its exports; import side 0.06% - Rank within Sub-Chapter 4010: #11 of 26 by export value; import-side #19 ### Key metrics - Export CAGR: 56.34% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7513 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +189.71% in FY 2023-24 - Contribution to Sub-Ch. 4010: 0.12% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40103210 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 4010 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4010 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.01% | < ₹1 Crore | 0.0000% | — | 0.01% | +0.08 | #8982 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +120.00% | 0.03% | < ₹1 Crore | 0.0000% | +528.57% | 0.07% | −0.11 | #8506 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +9.09% | 0.04% | < ₹1 Crore | 0.0000% | −31.82% | 0.05% | +0.06 | #8465 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −11.11% | 0.02% | < ₹1 Crore | 0.0000% | +60.00% | 0.06% | −0.16 | #8897 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +112.50% | 0.04% | < ₹1 Crore | 0.0000% | +6.25% | 0.05% | +0.17 | #8426 | | FY 2023-24 | 1.97 | 0.0001% | +189.71% | 0.12% | < ₹1 Crore | 0.0000% | +29.41% | 0.07% | +1.31 | #7593 | | FY 2024-25 | 2.19 | 0.0001% | +11.17% | 0.12% | < ₹1 Crore | 0.0000% | +7.58% | 0.06% | +1.48 | #7513 | - CAGR (7-year): exports 56.34%/yr, imports 47.13%/yr (consistently Surplus) ## Key trade insights: HSN Code 40103210 export-import analysis ### Consistent export growth: 56.34% CAGR over 7 years India's exports under HSN Code 40103210 have grown at a compound annual rate of 56.34% over 7 fiscal years, rising from ₹0.15 Crore in FY 2018-19 to ₹2.19 Crore in FY 2024-25. ### HSN Code 40103210 ranked #7513 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40103210 ranks #7513 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #11 of 26. By trade surplus, it ranks #4347 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 40103210 exports The strongest single-year export movement for HSN Code 40103210 was recorded in FY 2023-24, when exports surged by 189.71% over the prior year. ### India maintains a trade surplus of ₹1.48 Crore in HSN Code 40103210 goods In FY 2024-25, India's exports of ₹2.19 Cr exceeded imports of ₹0.71 Cr, resulting in a trade surplus of ₹1.48 Crore — ranking #4347 of 12657 by surplus magnitude. ### Import growth of 47.13% CAGR signals rising demand for V-Belts (Rubber <25%) India's imports under HSN Code 40103210 have grown at 47.13% CAGR, reaching ₹0.71 Crore in FY 2024-25. ### HSN Code 40103210 contributes 0.12% of Sub-Chapter 4010 exports — ranked #11 Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103210 ranks #11 by export value — accounting for 0.12% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.06% share (rank #19). ## Related HSN Codes in Sub-Chapter 4010 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 40101290: Conveyor Belts – Textile Reinforced (Other)](https://busy.in/hsn/hsn-40101290/) | ₹765 Cr | | #2 | [HSN Code 40103999: Transmission belts or belting: Other](https://busy.in/hsn/hsn-40103999/) | ₹734 Cr | | #3 | [HSN Code 40103390: V-Belts (>60-180cm)](https://busy.in/hsn/hsn-40103390/) | ₹94 Cr | | #4 | [HSN Code 40101190: Metal reinforced conveyor belts](https://busy.in/hsn/hsn-40101190/) | ₹77 Cr | | #5 | [HSN Code 40103290: Other V-Belts](https://busy.in/hsn/hsn-40103290/) | ₹53 Cr | | #6 | [HSN Code 40103190: V-Belts (>180-240cm)](https://busy.in/hsn/hsn-40103190/) | ₹22 Cr | | #7 | [HSN Code 40103590: Endless synchronous belts (>60-150cm): SynchroBelt L](https://busy.in/hsn/hsn-40103590/) | ₹21 Cr | | #8 | [HSN Code 40103919: Other Vulcanized Rubber Hose Assemblies](https://busy.in/hsn/hsn-40103919/) | ₹20 Cr | | #9 | [HSN Code 40103490: Non-Ribbed V-Belts (>180-240cm)](https://busy.in/hsn/hsn-40103490/) | ₹9 Cr | | #10 | [HSN Code 40101990: Other Conveyor Belts](https://busy.in/hsn/hsn-40101990/) | ₹5 Cr | | #11 | HSN Code 40103210: V-Belts (Rubber <25%) (this hsn code) | ₹2 Cr |