---
title: "HSN Code for V-Belts (>60-180cm) | HSN 40103390 GST Rate"
description: "Find HSN and GST Rates for 40103390 related to V-Belts (>60-180cm) with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-40103390/"
---

# HSN Code 40103390: V-Belts (>60-180cm)

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

## Frequently asked questions

### What products are classified under HSN 40103390 ?

It includes V-Belts (>60-180cm)

### How much GST applies to V-Belts (>60-180cm)?

Under HSN 40103390, V-Belts (>60-180cm) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for V-Belts (>60-180cm)?

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.

### Can we claim ITC on inputs used to trade V-Belts (>60-180cm)?

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

### Do e‑way bill and e‑invoice apply for V-Belts (>60-180cm)?

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.

### Any common misclassification issue with V-Belts (>60-180cm)?

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

## India's trade performance: HSN Code 40103390 (FY 2024-25)

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

- Exports: ₹94 Cr (−22.31% YoY) — 0.0025% of India's total exports
- Imports: ₹14 Cr (+19.50% YoY) — 0.0002% of India's total imports
- Trade balance: ₹79 Cr (Surplus); surplus rank #1775 of 12657 HSN codes
- Share of Sub-Chapter 4010: 5.18% of its exports; import side 1.31%
- Rank within Sub-Chapter 4010: #3 of 26 by export value; import-side #11

### Key metrics

- Export CAGR: 51.91% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #2737 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +329.00% in FY 2021-22
- Contribution to Sub-Ch. 4010: 5.18% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 40103390

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 | 7.63 | 0.0003% | — | 0.76% | 23.95 | 0.0007% | — | 3.52% | −16.32 | #5343 |
| FY 2019-20 | 10.96 | 0.0005% | +43.64% | 1.10% | 22.99 | 0.0007% | −4.01% | 3.59% | −12.03 | #4890 |
| FY 2020-21 | 31.48 | 0.0015% | +187.23% | 3.47% | 12.18 | 0.0004% | −47.02% | 1.97% | +19.30 | #3589 |
| FY 2021-22 | 135.05 | 0.0043% | +329.00% | 10.51% | 10.80 | 0.0002% | −11.33% | 1.37% | +124.25 | #2062 |
| FY 2022-23 | 107.52 | 0.0030% | −20.39% | 6.59% | 10.89 | 0.0002% | +0.83% | 1.15% | +96.63 | #2441 |
| FY 2023-24 | 120.67 | 0.0033% | +12.23% | 7.18% | 12.05 | 0.0002% | +10.65% | 1.19% | +108.62 | #2349 |
| FY 2024-25 | 93.75 | 0.0025% | −22.31% | 5.18% | 14.40 | 0.0002% | +19.50% | 1.31% | +79.35 | #2737 |

- CAGR (7-year): exports 51.91%/yr, imports -8.13%/yr (consistently Surplus)

## Key trade insights: HSN Code 40103390 export-import analysis

### Consistent export growth: 51.91% CAGR over 7 years

India's exports under HSN Code 40103390 have grown at a compound annual rate of 51.91% over 7 fiscal years, rising from ₹7.63 Crore in FY 2018-19 to ₹93.75 Crore in FY 2024-25.

### HSN Code 40103390 ranked #2737 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 40103390 ranks #2737 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #3 of 26. By trade surplus, it ranks #1775 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 40103390 exports

The strongest single-year export movement for HSN Code 40103390 was recorded in FY 2021-22, when exports surged by 329.00% over the prior year.

### India maintains a trade surplus of ₹79.35 Crore in HSN Code 40103390 goods

In FY 2024-25, India's exports of ₹93.75 Cr exceeded imports of ₹14.40 Cr, resulting in a trade surplus of ₹79.35 Crore — ranking #1775 of 12657 by surplus magnitude.

### Import growth of -8.13% CAGR signals stable import dependency for V-Belts (>60-180cm)

India's imports under HSN Code 40103390 have grown at -8.13% CAGR, reaching ₹14.40 Crore in FY 2024-25.

### HSN Code 40103390 contributes 5.18% of Sub-Chapter 4010 exports — ranked #3

Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103390 ranks #3 by export value — accounting for 5.18% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.31% share (rank #11).

## 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) (this hsn code) | ₹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 |