--- title: "HSN Code for Endless flat belt | HSN 40103991 GST Rate" description: "Find HSN and GST Rates for 40103991 related to Endless flat belt with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40103991/" --- # HSN Code 40103991: Endless flat belt - [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 : Other : Other : Endless flat belt | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40103991 ? It includes Endless flat belt ### How much GST applies to Endless flat belt? Under HSN 40103991, Endless flat belt attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Endless flat belt? 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 Endless flat belt is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Endless flat belt; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Endless flat belt? 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 flat belt? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 40103991 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−26.15% YoY) — 0.0000% of India's total exports - Imports: ₹2 Cr (+154.55% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7798 of 12657 HSN codes - Share of Sub-Chapter 4010: 0.05% of its exports; import side 0.15% - Rank within Sub-Chapter 4010: #15 of 26 by export value; import-side #17 ### Key metrics - Export CAGR: 5.41% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8289 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +100.00% in FY 2023-24 - Contribution to Sub-Ch. 4010: 0.05% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40103991 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% | — | 0.07% | < ₹1 Crore | 0.0000% | — | 0.15% | −0.29 | #7913 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +2.86% | 0.07% | 2.09 | 0.0001% | +111.11% | 0.33% | −1.37 | #7915 | | FY 2020-21 | 1.00 | 0.0000% | +38.89% | 0.11% | < ₹1 Crore | 0.0000% | −66.51% | 0.11% | +0.30 | #7665 | | FY 2021-22 | 1.32 | 0.0000% | +32.00% | 0.10% | 1.77 | 0.0000% | +152.86% | 0.22% | −0.45 | #7738 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −50.76% | 0.04% | < ₹1 Crore | 0.0000% | −64.41% | 0.07% | +0.02 | #8467 | | FY 2023-24 | 1.30 | 0.0000% | +100.00% | 0.08% | < ₹1 Crore | 0.0000% | +4.76% | 0.07% | +0.64 | #7992 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −26.15% | 0.05% | 1.68 | 0.0000% | +154.55% | 0.15% | −0.72 | #8289 | - CAGR (7-year): exports 5.41%/yr, imports 9.21%/yr (consistently Deficit) ## Key trade insights: HSN Code 40103991 export-import analysis ### Consistent export growth: 5.41% CAGR over 7 years India's exports under HSN Code 40103991 have grown at a compound annual rate of 5.41% over 7 fiscal years, rising from ₹0.70 Crore in FY 2018-19 to ₹0.96 Crore in FY 2024-25. ### HSN Code 40103991 ranked #8289 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40103991 ranks #8289 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #15 of 26. By trade surplus, it ranks #7798 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 40103991 exports The strongest single-year export movement for HSN Code 40103991 was recorded in FY 2023-24, when exports surged by 100.00% over the prior year. ### India records a trade deficit of ₹0.72 Crore in HSN Code 40103991 goods In FY 2024-25, India's imports of ₹1.68 Cr exceeded exports of ₹0.96 Cr, resulting in a trade deficit of ₹0.72 Crore — ranking #7798 of 12657 by surplus magnitude. ### Import growth of 9.21% CAGR signals stable import dependency for Endless flat belt India's imports under HSN Code 40103991 have grown at 9.21% CAGR, reaching ₹1.68 Crore in FY 2024-25. ### HSN Code 40103991 contributes 0.05% of Sub-Chapter 4010 exports — ranked #15 Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103991 ranks #15 by export value — accounting for 0.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.15% share (rank #17). ## 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)](https://busy.in/hsn/hsn-40103490/) | ₹9 Cr | | #10 | [HSN Code 40101990: Other Conveyor Belts](https://busy.in/hsn/hsn-40101990/) | ₹5 Cr | | #15 | HSN Code 40103991: Endless flat belt (this hsn code) | < ₹1 Crore |