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HSN Code 40103290: Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm

HSN Code 40103290 represents Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm under GST classification. This code helps businesses identify Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm correctly for billing, taxation, and trade. With HSN Code 40103290, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm.

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Description of Goods for HSN Code 40103290

HSN Code 40103290 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 : 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 40103290 not include?

Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm 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 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 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

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India’s Trade Performance — HSN Code 40103290 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹59 Cr

+11.70% vs FY 2024-25

0.0015% of India’s total exports

India’s Imports

FY 2025-26

₹103 Cr

+45.87% vs FY 2024-25

0.0015% of India’s total imports

Trade Balance

FY 2025-26

−₹43 Cr

Trade Deficit

Surplus rank #10196 of 12872 HSN codes

% of Sub-Chapter 4010

FY 2025-26

3.36%

Share of Sub-Chapter 4010’s total exports in FY 2025-26

Import side: 7.02% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2025-26

#4 of 26

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

Import-side rank: #4 of 26

At a glance

46.13%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#3526

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+163.13%

Peak Growth Year

FY 2021-22 · strongest single-year move

3.36%

Contribution to Sub-Ch. 4010

Share of Sub-Chapter 4010 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 40103290

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #6093

Balance

−23.69

Exports

4.18 ₹ Cr

0.0002% share

— YoY

0.42% of Sub-Ch. 4010

Imports

27.87 ₹ Cr

0.0008% share

— YoY

4.10% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #5798

Balance

−17.85

Exports

5.23 ₹ Cr

0.0002% share

+25.12% YoY

0.53% of Sub-Ch. 4010

Imports

23.08 ₹ Cr

0.0007% share

−17.19% YoY

3.60% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #5725

Balance

−25.55

Exports

5.94 ₹ Cr

0.0003% share

+13.58% YoY

0.66% of Sub-Ch. 4010

Imports

31.49 ₹ Cr

0.0011% share

+36.44% YoY

5.08% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #4925

Balance

−28.76

Exports

15.63 ₹ Cr

0.0005% share

+163.13% YoY

1.22% of Sub-Ch. 4010

Imports

44.39 ₹ Cr

0.0010% share

+40.97% YoY

5.64% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #4805

Balance

−34.45

Exports

18.05 ₹ Cr

0.0005% share

+15.48% YoY

1.11% of Sub-Ch. 4010

Imports

52.50 ₹ Cr

0.0009% share

+18.27% YoY

5.53% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #4261

Balance

−15.53

Exports

29.51 ₹ Cr

0.0008% share

+63.49% YoY

1.76% of Sub-Ch. 4010

Imports

45.04 ₹ Cr

0.0008% share

−14.21% YoY

4.45% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #3540

Balance

−17.05

Exports

53.25 ₹ Cr

0.0014% share

+80.45% YoY

2.94% of Sub-Ch. 4010

Imports

70.30 ₹ Cr

0.0012% share

+56.08% YoY

6.41% of Sub-Ch. 4010

FY 2025-26 Exp. Rank #3526

Balance

−43.07

Exports

59.48 ₹ Cr

0.0015% share

+11.70% YoY

3.36% of Sub-Ch. 4010

Imports

102.55 ₹ Cr

0.0015% share

+45.87% YoY

7.02% of Sub-Ch. 4010

CAGR · 8-Year

Exports

46.13% /yr

Imports

20.46% /yr

Consistently Deficit
Sub-Chapter 4010 total

reference, FY 2025-26

Export

₹1,772.65 Cr

Import

₹1,460.64 Cr

Trade Balance

+312.01

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

Key Trade Insights: HSN Code 40103290 Export-Import Analysis

Consistent Export Growth: 46.13% CAGR Over 8 Years

India's exports under HSN Code 40103290 have grown at a compound annual rate of 46.13% over 8 fiscal years, rising from ₹4.18 Crore in FY 2018-19 to ₹59.48 Crore in FY 2025-26.

HSN Code 40103290 Ranked #3526 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 40103290 ranks #3526 out of 12872 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #4 of 26. By trade surplus, it ranks #10196 of 12872.

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 ₹43.07 Crore in HSN Code 40103290 Goods

In FY 2025-26, India's imports of ₹102.55 Cr exceeded exports of ₹59.48 Cr, resulting in a trade deficit of ₹43.07 Crore — ranking #10196 of 12872 by surplus magnitude.

Import Growth of 20.46% CAGR Signals Rising Demand for Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm

India's imports under HSN Code 40103290 have grown at 20.46% CAGR, reaching ₹102.55 Crore in FY 2025-26.

HSN Code 40103290 Contributes 3.36% of Sub-Chapter 4010 Exports — Ranked #4

Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103290 ranks #4 by export value — accounting for 3.36% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 7.02% share (rank #4).

Frequently Asked Questions

Clear answers to common queries about HSN Code 40103290 and GST compliance.

What products are classified under HSN 40103290 ?

It includes Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm

Can we claim ITC on inputs used to trade Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm?

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 Non-Ribbed V-Belts, Circumference Over 60 to 180 cm?

Under HSN 40103290, Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm?

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 Non-Ribbed V-Belts, Circumference Over 60 to 180 cm is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm; Nil for exempt items if applicable).

Any common misclassification issue with Other Non-Ribbed V-Belts, Circumference Over 60 to 180 cm?

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 Non-Ribbed V-Belts, Circumference Over 60 to 180 cm?

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.

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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.