HSN Code 40103510: Endless Synchronous Belts (Rubber <25%)

HSN Code 40103510 represents Endless Synchronous Belts (Rubber <25%) under GST classification. This code helps businesses identify Endless Synchronous Belts (Rubber <25%) correctly for billing, taxation, and trade. With HSN Code 40103510, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Endless Synchronous Belts (Rubber <25%).

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Description of Goods for HSN Code 40103510

HSN Code 40103510 relates to the following description.

Description of Goods

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

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 40103510 not include?

Endless Synchronous Belts (Rubber <25%) 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 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 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 40103510 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 Crore

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹33 Cr

+395.27% vs FY 2023-24

0.0006% of India’s total imports

Trade Balance

FY 2024-25

−₹33 Cr

Trade Deficit

Surplus rank #9940 of 12657 HSN codes

% of Sub-Chapter 4010

FY 2024-25

0.00%

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

Import side: 3.05% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2024-25

#22 of 26

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

Import-side rank: #9 of 26

At a glance

6.99%

Export CAGR

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

#10193

National Export Rank

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

+50.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.00%

Contribution to Sub-Ch. 4010

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

India Export-Import Trade Statistics for HSN Code 40103510

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 #9774

Balance

−0.70

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.11% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #9717

Balance

−0.52

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−25.00% YoY

0.08% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #9719

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

−92.59% YoY

0.01% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #10058

Balance

−0.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−33.33% YoY

0.00% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+50.00% YoY

0.01% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #10152

Balance

−0.62

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+966.67% YoY

0.07% of Sub-Ch. 4010

FY 2023-24

Balance

−6.76

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 4010

Imports

6.76 ₹ Cr

0.0001% share

+956.25% YoY

0.67% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #10193

Balance

−33.45

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 4010

Imports

33.48 ₹ Cr

0.0006% share

+395.27% YoY

3.05% of Sub-Ch. 4010

CAGR · 7-Year

Exports

6.99% /yr

Imports

89.63% /yr

Consistently Deficit
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 40103510 Export-Import Analysis

Consistent Export Growth: 6.99% CAGR Over 7 Years

India's exports under HSN Code 40103510 have grown at a compound annual rate of 6.99% over 7 fiscal years, rising from ₹0.02 Crore in FY 2018-19 to ₹0.03 Crore in FY 2024-25.

HSN Code 40103510 Ranked #10193 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40103510 ranks #10193 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #22 of 26. By trade surplus, it ranks #9940 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 40103510 Exports

The strongest single-year export movement for HSN Code 40103510 was recorded in FY 2020-21, when exports surged by 50.00% over the prior year.

India Records a Trade Deficit of ₹33.45 Crore in HSN Code 40103510 Goods

In FY 2024-25, India's imports of ₹33.48 Cr exceeded exports of ₹0.03 Cr, resulting in a trade deficit of ₹33.45 Crore — ranking #9940 of 12657 by surplus magnitude.

Import Growth of 89.63% CAGR Signals Rising Demand for Endless Synchronous Belts (Rubber <25%)

India's imports under HSN Code 40103510 have grown at 89.63% CAGR, reaching ₹33.48 Crore in FY 2024-25.

HSN Code 40103510 Contributes 0.00% of Sub-Chapter 4010 Exports — Ranked #22

Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103510 ranks #22 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.05% share (rank #9).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40103510 and GST compliance.

What products are classified under HSN 40103510 ?

It includes Endless Synchronous Belts (Rubber <25%)

Does packaging or labelling change the GST for Endless Synchronous Belts (Rubber <25%)?

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.

How should mixed supplies be billed when Endless Synchronous Belts (Rubber <25%) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Endless Synchronous Belts (Rubber <25%); Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Endless Synchronous Belts (Rubber <25%)?

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 Endless Synchronous Belts (Rubber <25%)?

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

How much GST applies to Endless Synchronous Belts (Rubber <25%)?

Under HSN 40103510, Endless Synchronous Belts (Rubber <25%) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.