---
title: "HSN Code for Endless synchronous belts (>60-150cm): SynchroBelt L | HSN 40103590 GST Rate"
description: "Find HSN and GST Rates for 40103590 related to Endless synchronous belts (>60-150cm): SynchroBelt L with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-40103590/"
---

# HSN Code 40103590: Endless synchronous belts (>60-150cm): SynchroBelt L

- [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 synchronous belts of an outside circumference exceeding 60 cm but not exceeding 150 cm : Other | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 40103590 ?

It includes Endless synchronous belts (>60-150cm): SynchroBelt L

### Do e‑way bill and e‑invoice apply for Endless synchronous belts (>60-150cm): SynchroBelt L?

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 Endless synchronous belts (>60-150cm): SynchroBelt L?

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 Endless synchronous belts (>60-150cm): SynchroBelt L?

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 (>60-150cm): SynchroBelt L?

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 (>60-150cm): SynchroBelt L?

Under HSN 40103590, Endless synchronous belts (>60-150cm): SynchroBelt L attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### How should mixed supplies be billed when Endless synchronous belts (>60-150cm): SynchroBelt L 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 (>60-150cm): SynchroBelt L; Nil for exempt items if applicable).

## India's trade performance: HSN Code 40103590 (FY 2024-25)

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

- Exports: ₹21 Cr (−2.84% YoY) — 0.0006% of India's total exports
- Imports: ₹67 Cr (−5.31% YoY) — 0.0011% of India's total imports
- Trade balance: −₹46 Cr (Deficit); surplus rank #10191 of 12657 HSN codes
- Share of Sub-Chapter 4010: 1.13% of its exports; import side 6.09%
- Rank within Sub-Chapter 4010: #7 of 26 by export value; import-side #6

### Key metrics

- Export CAGR: 20.37% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4839 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +69.45% in FY 2022-23
- Contribution to Sub-Ch. 4010: 1.13% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 40103590

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 | 6.75 | 0.0003% | — | 0.67% | 39.25 | 0.0011% | — | 5.77% | −32.50 | #5478 |
| FY 2019-20 | 8.55 | 0.0004% | +26.67% | 0.86% | 34.05 | 0.0010% | −13.25% | 5.32% | −25.50 | #5211 |
| FY 2020-21 | 7.01 | 0.0003% | −18.01% | 0.77% | 33.83 | 0.0012% | −0.65% | 5.46% | −26.82 | #5512 |
| FY 2021-22 | 9.10 | 0.0003% | +29.81% | 0.71% | 49.43 | 0.0011% | +46.11% | 6.28% | −40.33 | #5611 |
| FY 2022-23 | 15.42 | 0.0004% | +69.45% | 0.94% | 70.38 | 0.0012% | +42.38% | 7.41% | −54.96 | #5030 |
| FY 2023-24 | 21.13 | 0.0006% | +37.03% | 1.26% | 70.59 | 0.0013% | +0.30% | 6.97% | −49.46 | #4704 |
| FY 2024-25 | 20.53 | 0.0006% | −2.84% | 1.13% | 66.84 | 0.0011% | −5.31% | 6.09% | −46.31 | #4839 |

- CAGR (7-year): exports 20.37%/yr, imports 9.28%/yr (consistently Deficit)

## Key trade insights: HSN Code 40103590 export-import analysis

### Consistent export growth: 20.37% CAGR over 7 years

India's exports under HSN Code 40103590 have grown at a compound annual rate of 20.37% over 7 fiscal years, rising from ₹6.75 Crore in FY 2018-19 to ₹20.53 Crore in FY 2024-25.

### HSN Code 40103590 ranked #4839 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 40103590 ranks #4839 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #7 of 26. By trade surplus, it ranks #10191 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 40103590 exports

The strongest single-year export movement for HSN Code 40103590 was recorded in FY 2022-23, when exports surged by 69.45% over the prior year.

### India records a trade deficit of ₹46.31 Crore in HSN Code 40103590 goods

In FY 2024-25, India's imports of ₹66.84 Cr exceeded exports of ₹20.53 Cr, resulting in a trade deficit of ₹46.31 Crore — ranking #10191 of 12657 by surplus magnitude.

### Import growth of 9.28% CAGR signals stable import dependency for Endless synchronous belts (>60-150cm): SynchroBelt L

India's imports under HSN Code 40103590 have grown at 9.28% CAGR, reaching ₹66.84 Crore in FY 2024-25.

### HSN Code 40103590 contributes 1.13% of Sub-Chapter 4010 exports — ranked #7

Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103590 ranks #7 by export value — accounting for 1.13% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 6.09% share (rank #6).

## 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 (this hsn code) | ₹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 |