--- title: "HSN Code for Non-Ribbed V-Belts (>180-240cm, <25% Rubber) | HSN 40103410 GST Rate" description: "Find HSN and GST Rates for 40103410 related to Non-Ribbed V-Belts (>180-240cm, <25% Rubber) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40103410/" --- # HSN Code 40103410: Non-Ribbed V-Belts (>180-240cm, <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), 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 | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40103410 ? It includes Non-Ribbed V-Belts (>180-240cm, <25% Rubber) ### Any common misclassification issue with Non-Ribbed V-Belts (>180-240cm, <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. ### Does packaging or labelling change the GST for Non-Ribbed V-Belts (>180-240cm, <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. ### Do e‑way bill and e‑invoice apply for Non-Ribbed V-Belts (>180-240cm, <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. ### Can we claim ITC on inputs used to trade Non-Ribbed V-Belts (>180-240cm, <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. ### How should mixed supplies be billed when Non-Ribbed V-Belts (>180-240cm, <25% Rubber) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Non-Ribbed V-Belts (>180-240cm, <25% Rubber); Nil for exempt items if applicable). ## India's trade performance: HSN Code 40103410 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (+202.56% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (+2,000.00% YoY) — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #4631 of 12657 HSN codes - Share of Sub-Chapter 4010: 0.07% of its exports; import side 0.04% - Rank within Sub-Chapter 4010: #14 of 26 by export value; import-side #20 ### Key metrics - National export rank: #8101 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +3,800.00% in FY 2023-24 - Contribution to Sub-Ch. 4010: 0.07% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40103410 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 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | −0.01 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | −0.01 | — | | FY 2020-21 | < ₹1 Crore | 0.0000% | — | 0.01% | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | +0.04 | #9546 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −60.00% | 0.00% | < ₹1 Crore | 0.0000% | +100.00% | 0.00% | 0.00 | #10058 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −50.00% | 0.00% | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | −0.01 | #10292 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +3,800.00% | 0.02% | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | +0.37 | #8999 | | FY 2024-25 | 1.18 | 0.0000% | +202.56% | 0.07% | < ₹1 Crore | 0.0000% | +2,000.00% | 0.04% | +0.76 | #8101 | - CAGR (7-year): exports —/yr, imports 86.44%/yr (consistently Surplus) ## Key trade insights: HSN Code 40103410 export-import analysis ### Export snapshot for HSN Code 40103410 India exported ₹1.18 Crore worth of Non-Ribbed V-Belts (>180-240cm, <25% Rubber) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 40103410 ranked #8101 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40103410 ranks #8101 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #14 of 26. By trade surplus, it ranks #4631 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 40103410 exports The strongest single-year export movement for HSN Code 40103410 was recorded in FY 2023-24, when exports surged by 3,800.00% over the prior year. ### India maintains a trade surplus of ₹0.76 Crore in HSN Code 40103410 goods In FY 2024-25, India's exports of ₹1.18 Cr exceeded imports of ₹0.42 Cr, resulting in a trade surplus of ₹0.76 Crore — ranking #4631 of 12657 by surplus magnitude. ### Import growth of 86.44% CAGR signals rising demand for Non-Ribbed V-Belts (>180-240cm, <25% Rubber) India's imports under HSN Code 40103410 have grown at 86.44% CAGR, reaching ₹0.42 Crore in FY 2024-25. ### HSN Code 40103410 contributes 0.07% of Sub-Chapter 4010 exports — ranked #14 Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103410 ranks #14 by export value — accounting for 0.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.04% share (rank #20). ## 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 | | #14 | HSN Code 40103410: Non-Ribbed V-Belts (>180-240cm, <25% Rubber) (this hsn code) | ₹1 Cr |