HSN Code 40103690: Endless synchronous belts (>150-198cm): SynchroBelt XL

HSN Code 40103690 represents Endless synchronous belts (>150-198cm): SynchroBelt XL under GST classification. This code helps businesses identify Endless synchronous belts (>150-198cm): SynchroBelt XL correctly for billing, taxation, and trade. With HSN Code 40103690, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Endless synchronous belts (>150-198cm): SynchroBelt XL.

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Description of Goods for HSN Code 40103690

HSN Code 40103690 relates to the following description.

Description of Goods

Transmission belts or belting : Endless synchronous belts of an outside circumference exceeding 150 cm but not exceeding 198 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 40103690 not include?

Endless synchronous belts (>150-198cm): SynchroBelt XL 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 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 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 40103690 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

−52.94% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹12 Cr

+31.26% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹12 Cr

Trade Deficit

Surplus rank #9188 of 12657 HSN codes

% of Sub-Chapter 4010

FY 2024-25

0.01%

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

Import side: 1.10% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2024-25

#21 of 26

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

Import-side rank: #12 of 26

At a glance

−7.17%

Export CAGR

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

#9538

National Export Rank

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

+191.67%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.01%

Contribution to Sub-Ch. 4010

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

India Export-Import Trade Statistics for HSN Code 40103690

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 #8668

Balance

−4.65

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.02% of Sub-Ch. 4010

Imports

4.90 ₹ Cr

0.0001% share

— YoY

0.72% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #8720

Balance

−4.46

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−4.00% YoY

0.02% of Sub-Ch. 4010

Imports

4.70 ₹ Cr

0.0001% share

−4.08% YoY

0.73% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #7961

Balance

−4.59

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+191.67% YoY

0.08% of Sub-Ch. 4010

Imports

5.29 ₹ Cr

0.0002% share

+12.55% YoY

0.85% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #9420

Balance

−8.61

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−81.43% YoY

0.01% of Sub-Ch. 4010

Imports

8.74 ₹ Cr

0.0002% share

+65.22% YoY

1.11% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #9286

Balance

−10.48

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+53.85% YoY

0.01% of Sub-Ch. 4010

Imports

10.68 ₹ Cr

0.0002% share

+22.20% YoY

1.12% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #9097

Balance

−8.84

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+70.00% YoY

0.02% of Sub-Ch. 4010

Imports

9.18 ₹ Cr

0.0002% share

−14.04% YoY

0.91% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #9538

Balance

−11.89

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−52.94% YoY

0.01% of Sub-Ch. 4010

Imports

12.05 ₹ Cr

0.0002% share

+31.26% YoY

1.10% of Sub-Ch. 4010

CAGR · 7-Year

Exports

−7.17% /yr

Imports

16.18% /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 40103690 Export-Import Analysis

Export Decline: −7.17% CAGR Over 7 Years

India's exports under HSN Code 40103690 have declined at a compound annual rate of −7.17% over 7 fiscal years, falling from ₹0.25 Crore in FY 2018-19 to ₹0.16 Crore in FY 2024-25.

HSN Code 40103690 Ranked #9538 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40103690 ranks #9538 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #21 of 26. By trade surplus, it ranks #9188 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 40103690 Exports

The strongest single-year export movement for HSN Code 40103690 was recorded in FY 2020-21, when exports surged by 191.67% over the prior year.

India Records a Trade Deficit of ₹11.89 Crore in HSN Code 40103690 Goods

In FY 2024-25, India's imports of ₹12.05 Cr exceeded exports of ₹0.16 Cr, resulting in a trade deficit of ₹11.89 Crore — ranking #9188 of 12657 by surplus magnitude.

Import Growth of 16.18% CAGR Signals Rising Demand for Endless synchronous belts (>150-198cm): SynchroBelt XL

India's imports under HSN Code 40103690 have grown at 16.18% CAGR, reaching ₹12.05 Crore in FY 2024-25.

HSN Code 40103690 Contributes 0.01% of Sub-Chapter 4010 Exports — Ranked #21

Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103690 ranks #21 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.10% share (rank #12).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40103690 and GST compliance.

What products are classified under HSN 40103690 ?

It includes Endless synchronous belts (>150-198cm): SynchroBelt XL

Do e‑way bill and e‑invoice apply for Endless synchronous belts (>150-198cm): SynchroBelt XL?

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 Endless synchronous belts (>150-198cm): SynchroBelt XL?

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

How much GST applies to Endless synchronous belts (>150-198cm): SynchroBelt XL?

Under HSN 40103690, Endless synchronous belts (>150-198cm): SynchroBelt XL attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Endless synchronous belts (>150-198cm): SynchroBelt XL?

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 (>150-198cm): SynchroBelt XL 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 (>150-198cm): SynchroBelt XL; Nil for exempt items if applicable).

Any common misclassification issue with Endless synchronous belts (>150-198cm): SynchroBelt XL?

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

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.