--- title: "HSN Code for V-Belts (>60-180cm, <25% Rubber) | HSN 40103310 GST Rate" description: "Find HSN and GST Rates for 40103310 related to V-Belts (>60-180cm, <25% Rubber) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40103310/" --- # HSN Code 40103310: V-Belts (>60-180cm, <25% Rubber) - [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), 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 40103310 ? It includes V-Belts (>60-180cm, <25% Rubber) ### Does packaging or labelling change the GST for V-Belts (>60-180cm, <25% Rubber)? 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 (>60-180cm, <25% Rubber)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when V-Belts (>60-180cm, <25% Rubber) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for V-Belts (>60-180cm, <25% Rubber); Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for V-Belts (>60-180cm, <25% Rubber)? 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 (>60-180cm, <25% Rubber)? Under HSN 40103310, V-Belts (>60-180cm, <25% Rubber) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade V-Belts (>60-180cm, <25% Rubber)? 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 40103310 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+103.33% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (+66.67% YoY) — 0.0000% of India's total imports - Trade balance: ₹2 Cr (Surplus); surplus rank #4287 of 12657 HSN codes - Share of Sub-Chapter 4010: 0.10% of its exports; import side 0.01% - Rank within Sub-Chapter 4010: #12 of 26 by export value; import-side #22 ### Key metrics - Export CAGR: 55.39% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7673 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +566.67% in FY 2021-22 - Contribution to Sub-Ch. 4010: 0.10% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40103310 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% | +0.09 | #9066 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +69.23% | 0.02% | < ₹1 Crore | 0.0000% | +300.00% | 0.03% | +0.06 | #8780 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −45.45% | 0.01% | < ₹1 Crore | 0.0000% | +462.50% | 0.15% | −0.78 | #9138 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +566.67% | 0.06% | < ₹1 Crore | 0.0000% | −98.89% | 0.00% | +0.79 | #8183 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −46.25% | 0.03% | < ₹1 Crore | 0.0000% | +100.00% | 0.00% | +0.41 | #8799 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +109.30% | 0.05% | < ₹1 Crore | 0.0000% | +200.00% | 0.01% | +0.84 | #8324 | | FY 2024-25 | 1.83 | 0.0000% | +103.33% | 0.10% | < ₹1 Crore | 0.0000% | +66.67% | 0.01% | +1.73 | #7673 | - CAGR (7-year): exports 55.39%/yr, imports 16.50%/yr (consistently Surplus) ## Key trade insights: HSN Code 40103310 export-import analysis ### Consistent export growth: 55.39% CAGR over 7 years India's exports under HSN Code 40103310 have grown at a compound annual rate of 55.39% over 7 fiscal years, rising from ₹0.13 Crore in FY 2018-19 to ₹1.83 Crore in FY 2024-25. ### HSN Code 40103310 ranked #7673 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40103310 ranks #7673 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #12 of 26. By trade surplus, it ranks #4287 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 40103310 exports The strongest single-year export movement for HSN Code 40103310 was recorded in FY 2021-22, when exports surged by 566.67% over the prior year. ### India maintains a trade surplus of ₹1.73 Crore in HSN Code 40103310 goods In FY 2024-25, India's exports of ₹1.83 Cr exceeded imports of ₹0.10 Cr, resulting in a trade surplus of ₹1.73 Crore — ranking #4287 of 12657 by surplus magnitude. ### Import growth of 16.50% CAGR signals rising demand for V-Belts (>60-180cm, <25% Rubber) India's imports under HSN Code 40103310 have grown at 16.50% CAGR, reaching ₹0.10 Crore in FY 2024-25. ### HSN Code 40103310 contributes 0.10% of Sub-Chapter 4010 exports — ranked #12 Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103310 ranks #12 by export value — accounting for 0.10% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #22). ## 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 | | #12 | HSN Code 40103310: V-Belts (>60-180cm, <25% Rubber) (this hsn code) | ₹2 Cr |