HSN Code 40103410: Non-Ribbed V-Belts (>180-240cm, <25% Rubber)

HSN Code 40103410 represents Non-Ribbed V-Belts (>180-240cm, <25% Rubber) under GST classification. This code helps businesses identify Non-Ribbed V-Belts (>180-240cm, <25% Rubber) correctly for billing, taxation, and trade. With HSN Code 40103410, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Non-Ribbed V-Belts (>180-240cm, <25% Rubber).

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Description of Goods for HSN Code 40103410

HSN Code 40103410 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 180 cm but not exceeding 240 cm : Where the rubber compound content is less than 25% by weight

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 40103410 not include?

Non-Ribbed V-Belts (>180-240cm, <25% Rubber) 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 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 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 40103410 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

₹1 Cr

+202.56% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+2,000.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4631 of 12657 HSN codes

% of Sub-Chapter 4010

FY 2024-25

0.07%

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

Import side: 0.04% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2024-25

#14 of 26

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

Import-side rank: #20 of 26

At a glance

#8101

National Export Rank

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

+3,800.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.07%

Contribution to Sub-Ch. 4010

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

India Export-Import Trade Statistics for 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 2018-19

Balance

−0.01

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 4010

FY 2019-20

Balance

−0.01

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #9546

Balance

+0.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #10058

Balance

0.00

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−60.00% YoY

0.00% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.00% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #10292

Balance

−0.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.00% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #8999

Balance

+0.37

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+3,800.00% YoY

0.02% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #8101

Balance

+0.76

Exports

1.18 ₹ Cr

0.0000% share

+202.56% YoY

0.07% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+2,000.00% YoY

0.04% of Sub-Ch. 4010

CAGR · 7-Year

Exports

—

Imports

86.44% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40103410 and GST compliance.

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).

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.