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

HSN Code 40103590 represents Endless synchronous belts (>60-150cm): SynchroBelt L under GST classification. This code helps businesses identify Endless synchronous belts (>60-150cm): SynchroBelt L correctly for billing, taxation, and trade. With HSN Code 40103590, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Endless synchronous belts (>60-150cm): SynchroBelt L.

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Description of Goods for HSN Code 40103590

HSN Code 40103590 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 : Other

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 40103590 not include?

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

₹21 Cr

−2.84% vs FY 2023-24

0.0006% of India’s total exports

India’s Imports

FY 2024-25

₹67 Cr

−5.31% vs FY 2023-24

0.0011% of India’s total imports

Trade Balance

FY 2024-25

−₹46 Cr

Trade Deficit

Surplus rank #10191 of 12657 HSN codes

% of Sub-Chapter 4010

FY 2024-25

1.13%

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

Import side: 6.09% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2024-25

#7 of 26

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

Import-side rank: #6 of 26

At a glance

20.37%

Export CAGR

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

#4839

National Export Rank

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

+69.45%

Peak Growth Year

FY 2022-23 · strongest single-year move

1.13%

Contribution to Sub-Ch. 4010

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #5478

Balance

−32.50

Exports

6.75 ₹ Cr

0.0003% share

— YoY

0.67% of Sub-Ch. 4010

Imports

39.25 ₹ Cr

0.0011% share

— YoY

5.77% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #5211

Balance

−25.50

Exports

8.55 ₹ Cr

0.0004% share

+26.67% YoY

0.86% of Sub-Ch. 4010

Imports

34.05 ₹ Cr

0.0010% share

−13.25% YoY

5.32% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #5512

Balance

−26.82

Exports

7.01 ₹ Cr

0.0003% share

−18.01% YoY

0.77% of Sub-Ch. 4010

Imports

33.83 ₹ Cr

0.0012% share

−0.65% YoY

5.46% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #5611

Balance

−40.33

Exports

9.10 ₹ Cr

0.0003% share

+29.81% YoY

0.71% of Sub-Ch. 4010

Imports

49.43 ₹ Cr

0.0011% share

+46.11% YoY

6.28% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #5030

Balance

−54.96

Exports

15.42 ₹ Cr

0.0004% share

+69.45% YoY

0.94% of Sub-Ch. 4010

Imports

70.38 ₹ Cr

0.0012% share

+42.38% YoY

7.41% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #4704

Balance

−49.46

Exports

21.13 ₹ Cr

0.0006% share

+37.03% YoY

1.26% of Sub-Ch. 4010

Imports

70.59 ₹ Cr

0.0013% share

+0.30% YoY

6.97% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #4839

Balance

−46.31

Exports

20.53 ₹ Cr

0.0006% share

−2.84% YoY

1.13% of Sub-Ch. 4010

Imports

66.84 ₹ Cr

0.0011% share

−5.31% YoY

6.09% of Sub-Ch. 4010

CAGR · 7-Year

Exports

20.37% /yr

Imports

9.28% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40103590 and GST compliance.

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).

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.