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

HSN Code 40103390 represents V-Belts (>60-180cm) under GST classification. This code helps businesses identify V-Belts (>60-180cm) correctly for billing, taxation, and trade. With HSN Code 40103390, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of V-Belts (>60-180cm).

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Description of Goods for HSN Code 40103390

HSN Code 40103390 relates to the following description.

Description of Goods

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

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 40103390 not include?

V-Belts (>60-180cm) 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 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 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 40103390 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

₹94 Cr

−22.31% vs FY 2023-24

0.0025% of India’s total exports

India’s Imports

FY 2024-25

₹14 Cr

+19.50% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

₹79 Cr

Trade Surplus

Surplus rank #1775 of 12657 HSN codes

% of Sub-Chapter 4010

FY 2024-25

5.18%

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

Import side: 1.31% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2024-25

#3 of 26

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

Import-side rank: #11 of 26

At a glance

51.91%

Export CAGR

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

#2737

National Export Rank

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

+329.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

5.18%

Contribution to Sub-Ch. 4010

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #5343

Balance

−16.32

Exports

7.63 ₹ Cr

0.0003% share

— YoY

0.76% of Sub-Ch. 4010

Imports

23.95 ₹ Cr

0.0007% share

— YoY

3.52% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #4890

Balance

−12.03

Exports

10.96 ₹ Cr

0.0005% share

+43.64% YoY

1.10% of Sub-Ch. 4010

Imports

22.99 ₹ Cr

0.0007% share

−4.01% YoY

3.59% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #3589

Balance

+19.30

Exports

31.48 ₹ Cr

0.0015% share

+187.23% YoY

3.47% of Sub-Ch. 4010

Imports

12.18 ₹ Cr

0.0004% share

−47.02% YoY

1.97% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #2062

Balance

+124.25

Exports

135.05 ₹ Cr

0.0043% share

+329.00% YoY

10.51% of Sub-Ch. 4010

Imports

10.80 ₹ Cr

0.0002% share

−11.33% YoY

1.37% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #2441

Balance

+96.63

Exports

107.52 ₹ Cr

0.0030% share

−20.39% YoY

6.59% of Sub-Ch. 4010

Imports

10.89 ₹ Cr

0.0002% share

+0.83% YoY

1.15% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #2349

Balance

+108.62

Exports

120.67 ₹ Cr

0.0033% share

+12.23% YoY

7.18% of Sub-Ch. 4010

Imports

12.05 ₹ Cr

0.0002% share

+10.65% YoY

1.19% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #2737

Balance

+79.35

Exports

93.75 ₹ Cr

0.0025% share

−22.31% YoY

5.18% of Sub-Ch. 4010

Imports

14.40 ₹ Cr

0.0002% share

+19.50% YoY

1.31% of Sub-Ch. 4010

CAGR · 7-Year

Exports

51.91% /yr

Imports

−8.13% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40103390 and GST compliance.

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.

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.