HSN Code 40103991: Endless flat belt

HSN Code 40103991 represents Endless flat belt under GST classification. This code helps businesses identify Endless flat belt correctly for billing, taxation, and trade. With HSN Code 40103991, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Endless flat belt.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 40103991

HSN Code 40103991 relates to the following description.

Description of Goods

Transmission belts or belting : Other : Other : Endless flat belt

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 40103991 not include?

Endless flat belt 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 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 40103991 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

−26.15% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

+154.55% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7798 of 12657 HSN codes

% of Sub-Chapter 4010

FY 2024-25

0.05%

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

Import side: 0.15% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2024-25

#15 of 26

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

Import-side rank: #17 of 26

At a glance

5.41%

Export CAGR

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

#8289

National Export Rank

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

+100.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.05%

Contribution to Sub-Ch. 4010

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #7913

Balance

−0.29

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.07% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.15% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #7915

Balance

−1.37

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+2.86% YoY

0.07% of Sub-Ch. 4010

Imports

2.09 ₹ Cr

0.0001% share

+111.11% YoY

0.33% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #7665

Balance

+0.30

Exports

1.00 ₹ Cr

0.0000% share

+38.89% YoY

0.11% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−66.51% YoY

0.11% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #7738

Balance

−0.45

Exports

1.32 ₹ Cr

0.0000% share

+32.00% YoY

0.10% of Sub-Ch. 4010

Imports

1.77 ₹ Cr

0.0000% share

+152.86% YoY

0.22% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #8467

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−50.76% YoY

0.04% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−64.41% YoY

0.07% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #7992

Balance

+0.64

Exports

1.30 ₹ Cr

0.0000% share

+100.00% YoY

0.08% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+4.76% YoY

0.07% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #8289

Balance

−0.72

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−26.15% YoY

0.05% of Sub-Ch. 4010

Imports

1.68 ₹ Cr

0.0000% share

+154.55% YoY

0.15% of Sub-Ch. 4010

CAGR · 7-Year

Exports

5.41% /yr

Imports

9.21% /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 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).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 40103991 and GST compliance.

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.

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.