HSN Code 40103992: Transmission belts: Ply belting

HSN Code 40103992 represents Transmission belts: Ply belting under GST classification. This code helps businesses identify Transmission belts: Ply belting correctly for billing, taxation, and trade. With HSN Code 40103992, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Transmission belts: Ply belting.

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Description of Goods for HSN Code 40103992

HSN Code 40103992 relates to the following description.

Description of Goods

Transmission belts or belting : Other : Other : Ply belting

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 40103992 not include?

Transmission belts: Ply belting 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 40103992 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

−35.57% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+81.82% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4631 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: 0.02% 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: #21 of 26

At a glance

0.90%

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

+77.65%

Peak Growth Year

FY 2020-21 · 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 40103992

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 #7712

Balance

+0.67

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.09% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #7749

Balance

+0.76

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−6.59% YoY

0.09% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−62.50% YoY

0.01% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #7278

Balance

+1.39

Exports

1.51 ₹ Cr

0.0001% share

+77.65% YoY

0.17% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+33.33% YoY

0.02% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #7620

Balance

+1.29

Exports

1.50 ₹ Cr

0.0000% share

−0.66% YoY

0.12% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+75.00% YoY

0.03% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #7603

Balance

+1.58

Exports

1.70 ₹ Cr

0.0000% share

+13.33% YoY

0.10% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−42.86% YoY

0.01% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #7864

Balance

+1.38

Exports

1.49 ₹ Cr

0.0000% share

−12.35% YoY

0.09% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−8.33% YoY

0.01% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #8289

Balance

+0.76

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−35.57% YoY

0.05% of Sub-Ch. 4010

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+81.82% YoY

0.02% of Sub-Ch. 4010

CAGR · 7-Year

Exports

0.90% /yr

Imports

−2.99% /yr

Consistently Surplus
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40103992 and GST compliance.

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.

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.