HSN Code 40103210: V-Belts (Rubber <25%)

HSN Code 40103210 represents V-Belts (Rubber <25%) under GST classification. This code helps businesses identify V-Belts (Rubber <25%) correctly for billing, taxation, and trade. With HSN Code 40103210, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of V-Belts (Rubber <25%).

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Description of Goods for HSN Code 40103210

HSN Code 40103210 relates to the following description.

Description of Goods

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

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 40103210 not include?

V-Belts (Rubber <25%) 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 40103190

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

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 40103210 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

₹2 Cr

+11.17% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+7.58% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹1 Cr

Trade Surplus

Surplus rank #4347 of 12657 HSN codes

% of Sub-Chapter 4010

FY 2024-25

0.12%

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

Import side: 0.06% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2024-25

#11 of 26

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

Import-side rank: #19 of 26

At a glance

56.34%

Export CAGR

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

#7513

National Export Rank

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

+189.71%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.12%

Contribution to Sub-Ch. 4010

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #8982

Balance

+0.08

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #8506

Balance

−0.11

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+120.00% YoY

0.03% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+528.57% YoY

0.07% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #8465

Balance

+0.06

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+9.09% YoY

0.04% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−31.82% YoY

0.05% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #8897

Balance

−0.16

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−11.11% YoY

0.02% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+60.00% YoY

0.06% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #8426

Balance

+0.17

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+112.50% YoY

0.04% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+6.25% YoY

0.05% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #7593

Balance

+1.31

Exports

1.97 ₹ Cr

0.0001% share

+189.71% YoY

0.12% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+29.41% YoY

0.07% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #7513

Balance

+1.48

Exports

2.19 ₹ Cr

0.0001% share

+11.17% YoY

0.12% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+7.58% YoY

0.06% of Sub-Ch. 4010

CAGR · 7-Year

Exports

56.34% /yr

Imports

47.13% /yr

Consistently Surplus
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40103210 and GST compliance.

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.

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.