---
title: "HSN Code for Non-Ribbed V-Belts (>180-240cm) | HSN 40103490 GST Rate"
description: "Find HSN and GST Rates for 40103490 related to Non-Ribbed V-Belts (>180-240cm) with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-40103490/"
---

# HSN Code 40103490: Non-Ribbed V-Belts (>180-240cm)

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

## Frequently asked questions

### What products are classified under HSN 40103490 ?

It includes Non-Ribbed V-Belts (>180-240cm)

### Do e‑way bill and e‑invoice apply for Non-Ribbed V-Belts (>180-240cm)?

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.

### Does packaging or labelling change the GST for Non-Ribbed V-Belts (>180-240cm)?

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 Non-Ribbed V-Belts (>180-240cm)?

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

### Any common misclassification issue with Non-Ribbed V-Belts (>180-240cm)?

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 Non-Ribbed V-Belts (>180-240cm) 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); Nil for exempt items if applicable).

## India's trade performance: HSN Code 40103490 (FY 2024-25)

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

- Exports: ₹9 Cr (+222.30% YoY) — 0.0002% of India's total exports
- Imports: ₹7 Cr (+2.15% YoY) — 0.0001% of India's total imports
- Trade balance: ₹2 Cr (Surplus); surplus rank #4215 of 12657 HSN codes
- Share of Sub-Chapter 4010: 0.48% of its exports; import side 0.61%
- Rank within Sub-Chapter 4010: #9 of 26 by export value; import-side #13

### Key metrics

- Export CAGR: 61.42% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #5962 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +222.30% in FY 2024-25
- Contribution to Sub-Ch. 4010: 0.48% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 40103490

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% | — | 0.05% | 7.36 | 0.0002% | — | 1.08% | −6.87 | #8193 |
| FY 2019-20 | 1.18 | 0.0001% | +140.82% | 0.12% | 5.93 | 0.0002% | −19.43% | 0.93% | −4.75 | #7437 |
| FY 2020-21 | 2.13 | 0.0001% | +80.51% | 0.24% | 5.37 | 0.0002% | −9.44% | 0.87% | −3.24 | #6912 |
| FY 2021-22 | 3.90 | 0.0001% | +83.10% | 0.30% | 5.90 | 0.0001% | +9.87% | 0.75% | −2.00 | #6646 |
| FY 2022-23 | 2.79 | 0.0001% | −28.46% | 0.17% | 7.88 | 0.0001% | +33.56% | 0.83% | −5.09 | #7075 |
| FY 2023-24 | 2.69 | 0.0001% | −3.58% | 0.16% | 6.50 | 0.0001% | −17.51% | 0.64% | −3.81 | #7262 |
| FY 2024-25 | 8.67 | 0.0002% | +222.30% | 0.48% | 6.64 | 0.0001% | +2.15% | 0.61% | +2.03 | #5962 |

- CAGR (7-year): exports 61.42%/yr, imports -1.70%/yr (consistently Surplus)

## Key trade insights: HSN Code 40103490 export-import analysis

### Consistent export growth: 61.42% CAGR over 7 years

India's exports under HSN Code 40103490 have grown at a compound annual rate of 61.42% over 7 fiscal years, rising from ₹0.49 Crore in FY 2018-19 to ₹8.67 Crore in FY 2024-25.

### HSN Code 40103490 ranked #5962 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 40103490 ranks #5962 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #9 of 26. By trade surplus, it ranks #4215 of 12657.

### FY 2024-25 was the strongest growth year for HSN Code 40103490 exports

The strongest single-year export movement for HSN Code 40103490 was recorded in FY 2024-25, when exports surged by 222.30% over the prior year.

### India maintains a trade surplus of ₹2.03 Crore in HSN Code 40103490 goods

In FY 2024-25, India's exports of ₹8.67 Cr exceeded imports of ₹6.64 Cr, resulting in a trade surplus of ₹2.03 Crore — ranking #4215 of 12657 by surplus magnitude.

### Import growth of -1.70% CAGR signals stable import dependency for Non-Ribbed V-Belts (>180-240cm)

India's imports under HSN Code 40103490 have grown at -1.70% CAGR, reaching ₹6.64 Crore in FY 2024-25.

### HSN Code 40103490 contributes 0.48% of Sub-Chapter 4010 exports — ranked #9

Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103490 ranks #9 by export value — accounting for 0.48% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.61% share (rank #13).

## 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) (this hsn code) | ₹9 Cr |
| #10 | [HSN Code 40101990: Other Conveyor Belts](https://busy.in/hsn/hsn-40101990/) | ₹5 Cr |