---
title: "HSN Code for Other V-Belts | HSN 40103290 GST Rate"
description: "Find HSN and GST Rates for 40103290 related to Other V-Belts with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-40103290/"
---

# HSN Code 40103290: Other V-Belts

- [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 : other | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 40103290 ?

It includes Other V-Belts

### Can we claim ITC on inputs used to trade Other V-Belts?

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

### How much GST applies to Other V-Belts?

Under HSN 40103290, Other V-Belts attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Do e‑way bill and e‑invoice apply for Other V-Belts?

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 Other V-Belts is sold with other items?

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

### Any common misclassification issue with Other V-Belts?

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

### Does packaging or labelling change the GST for Other V-Belts?

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.

## India's trade performance: HSN Code 40103290 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹53 Cr (+80.45% YoY) — 0.0014% of India's total exports
- Imports: ₹70 Cr (+56.08% YoY) — 0.0012% of India's total imports
- Trade balance: −₹17 Cr (Deficit); surplus rank #9445 of 12657 HSN codes
- Share of Sub-Chapter 4010: 2.94% of its exports; import side 6.41%
- Rank within Sub-Chapter 4010: #5 of 26 by export value; import-side #5

### Key metrics

- Export CAGR: 52.82% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #3540 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +163.13% in FY 2021-22
- Contribution to Sub-Ch. 4010: 2.94% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 40103290

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 | 4.18 | 0.0002% | — | 0.42% | 27.87 | 0.0008% | — | 4.10% | −23.69 | #6093 |
| FY 2019-20 | 5.23 | 0.0002% | +25.12% | 0.53% | 23.08 | 0.0007% | −17.19% | 3.60% | −17.85 | #5798 |
| FY 2020-21 | 5.94 | 0.0003% | +13.58% | 0.66% | 31.49 | 0.0011% | +36.44% | 5.08% | −25.55 | #5725 |
| FY 2021-22 | 15.63 | 0.0005% | +163.13% | 1.22% | 44.39 | 0.0010% | +40.97% | 5.64% | −28.76 | #4925 |
| FY 2022-23 | 18.05 | 0.0005% | +15.48% | 1.11% | 52.50 | 0.0009% | +18.27% | 5.53% | −34.45 | #4805 |
| FY 2023-24 | 29.51 | 0.0008% | +63.49% | 1.76% | 45.04 | 0.0008% | −14.21% | 4.45% | −15.53 | #4261 |
| FY 2024-25 | 53.25 | 0.0014% | +80.45% | 2.94% | 70.30 | 0.0012% | +56.08% | 6.41% | −17.05 | #3540 |

- CAGR (7-year): exports 52.82%/yr, imports 16.67%/yr (consistently Deficit)

## Key trade insights: HSN Code 40103290 export-import analysis

### Consistent export growth: 52.82% CAGR over 7 years

India's exports under HSN Code 40103290 have grown at a compound annual rate of 52.82% over 7 fiscal years, rising from ₹4.18 Crore in FY 2018-19 to ₹53.25 Crore in FY 2024-25.

### HSN Code 40103290 ranked #3540 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 40103290 ranks #3540 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #5 of 26. By trade surplus, it ranks #9445 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 40103290 exports

The strongest single-year export movement for HSN Code 40103290 was recorded in FY 2021-22, when exports surged by 163.13% over the prior year.

### India records a trade deficit of ₹17.05 Crore in HSN Code 40103290 goods

In FY 2024-25, India's imports of ₹70.30 Cr exceeded exports of ₹53.25 Cr, resulting in a trade deficit of ₹17.05 Crore — ranking #9445 of 12657 by surplus magnitude.

### Import growth of 16.67% CAGR signals rising demand for Other V-Belts

India's imports under HSN Code 40103290 have grown at 16.67% CAGR, reaching ₹70.30 Crore in FY 2024-25.

### HSN Code 40103290 contributes 2.94% of Sub-Chapter 4010 exports — ranked #5

Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103290 ranks #5 by export value — accounting for 2.94% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 6.41% share (rank #5).

## 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 (this hsn code) | ₹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 |