--- title: "HSN Code for Transmission belts: Ply belting | HSN 40103992 GST Rate" description: "Find HSN and GST Rates for 40103992 related to Transmission belts: Ply belting with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-40103992/" --- # HSN Code 40103992: Transmission belts: Ply belting - [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 : Ply belting | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 40103992 ? It includes Transmission belts: Ply belting ### Any common misclassification issue with Transmission belts: Ply belting? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Transmission belts: Ply belting? 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. ### How much GST applies to Transmission belts: Ply belting? Under HSN 40103992, Transmission belts: Ply belting attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Transmission belts: Ply belting is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Transmission belts: Ply belting; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Transmission belts: Ply belting? 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. ## India's trade performance: HSN Code 40103992 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−35.57% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (+81.82% YoY) — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #4631 of 12657 HSN codes - Share of Sub-Chapter 4010: 0.05% of its exports; import side 0.02% - Rank within Sub-Chapter 4010: #15 of 26 by export value; import-side #21 ### Key metrics - Export CAGR: 0.90% (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: +77.65% in FY 2020-21 - Contribution to Sub-Ch. 4010: 0.05% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 40103992 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% | — | 0.09% | < ₹1 Crore | 0.0000% | — | 0.04% | +0.67 | #7712 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −6.59% | 0.09% | < ₹1 Crore | 0.0000% | −62.50% | 0.01% | +0.76 | #7749 | | FY 2020-21 | 1.51 | 0.0001% | +77.65% | 0.17% | < ₹1 Crore | 0.0000% | +33.33% | 0.02% | +1.39 | #7278 | | FY 2021-22 | 1.50 | 0.0000% | −0.66% | 0.12% | < ₹1 Crore | 0.0000% | +75.00% | 0.03% | +1.29 | #7620 | | FY 2022-23 | 1.70 | 0.0000% | +13.33% | 0.10% | < ₹1 Crore | 0.0000% | −42.86% | 0.01% | +1.58 | #7603 | | FY 2023-24 | 1.49 | 0.0000% | −12.35% | 0.09% | < ₹1 Crore | 0.0000% | −8.33% | 0.01% | +1.38 | #7864 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −35.57% | 0.05% | < ₹1 Crore | 0.0000% | +81.82% | 0.02% | +0.76 | #8289 | - CAGR (7-year): exports 0.90%/yr, imports -2.99%/yr (consistently Surplus) ## Key trade insights: HSN Code 40103992 export-import analysis ### Consistent export growth: 0.90% CAGR over 7 years India's exports under HSN Code 40103992 have grown at a compound annual rate of 0.90% over 7 fiscal years, rising from ₹0.91 Crore in FY 2018-19 to ₹0.96 Crore in FY 2024-25. ### HSN Code 40103992 ranked #8289 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 40103992 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 #4631 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 40103992 exports The strongest single-year export movement for HSN Code 40103992 was recorded in FY 2020-21, when exports surged by 77.65% over the prior year. ### India maintains a trade surplus of ₹0.76 Crore in HSN Code 40103992 goods In FY 2024-25, India's exports of ₹0.96 Cr exceeded imports of ₹0.20 Cr, resulting in a trade surplus of ₹0.76 Crore — ranking #4631 of 12657 by surplus magnitude. ### Import growth of -2.99% CAGR signals stable import dependency for Transmission belts: Ply belting India's imports under HSN Code 40103992 have grown at -2.99% CAGR, reaching ₹0.20 Crore in FY 2024-25. ### HSN Code 40103992 contributes 0.05% of Sub-Chapter 4010 exports — ranked #15 Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103992 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 0.02% share (rank #21). ## 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 40103992: Transmission belts: Ply belting (this hsn code) | < ₹1 Crore |