---
title: "HSN Code for Transmission belts or belting: Other | HSN 40103999 GST Rate"
description: "Find HSN and GST Rates for 40103999 related to Transmission belts or belting: Other with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-40103999/"
---

# HSN Code 40103999: Transmission belts or belting: Other

- [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 : Other | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 40103999 ?

It includes Transmission belts or belting: Other

### Can we claim ITC on inputs used to trade Transmission belts or belting: Other?

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

### Do e‑way bill and e‑invoice apply for Transmission belts or belting: Other?

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.

### Any common misclassification issue with Transmission belts or belting: Other?

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 Transmission belts or belting: Other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Transmission belts or belting: Other; Nil for exempt items if applicable).

### Does packaging or labelling change the GST for Transmission belts or belting: Other?

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 40103999 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹734 Cr (+31.26% YoY) — 0.0199% of India's total exports
- Imports: ₹395 Cr (+12.91% YoY) — 0.0065% of India's total imports
- Trade balance: ₹339 Cr (Surplus); surplus rank #838 of 12657 HSN codes
- Share of Sub-Chapter 4010: 40.55% of its exports; import side 36.01%
- Rank within Sub-Chapter 4010: #2 of 26 by export value; import-side #1

### Key metrics

- Export CAGR: 16.05% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #696 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +45.37% in FY 2021-22
- Contribution to Sub-Ch. 4010: 40.55% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 40103999

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 | 300.40 | 0.0131% | — | 29.83% | 284.18 | 0.0079% | — | 41.77% | +16.22 | #988 |
| FY 2019-20 | 350.99 | 0.0159% | +16.84% | 35.36% | 240.92 | 0.0072% | −15.22% | 37.62% | +110.07 | #878 |
| FY 2020-21 | 356.08 | 0.0166% | +1.45% | 39.30% | 242.54 | 0.0083% | +0.67% | 39.16% | +113.54 | #898 |
| FY 2021-22 | 517.62 | 0.0165% | +45.37% | 40.29% | 343.62 | 0.0075% | +41.68% | 43.64% | +174.00 | #841 |
| FY 2022-23 | 575.43 | 0.0159% | +11.17% | 35.25% | 388.89 | 0.0068% | +13.17% | 40.94% | +186.54 | #829 |
| FY 2023-24 | 559.06 | 0.0155% | −2.84% | 33.27% | 349.84 | 0.0062% | −10.04% | 34.53% | +209.22 | #855 |
| FY 2024-25 | 733.81 | 0.0199% | +31.26% | 40.55% | 395.00 | 0.0065% | +12.91% | 36.01% | +338.81 | #696 |

- CAGR (7-year): exports 16.05%/yr, imports 5.64%/yr (consistently Surplus)

## Key trade insights: HSN Code 40103999 export-import analysis

### Consistent export growth: 16.05% CAGR over 7 years

India's exports under HSN Code 40103999 have grown at a compound annual rate of 16.05% over 7 fiscal years, rising from ₹300.40 Crore in FY 2018-19 to ₹733.81 Crore in FY 2024-25.

### HSN Code 40103999 ranked #696 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 40103999 ranks #696 out of 12657 HSN codes by total export value. Within Sub-Chapter 4010, it ranks #2 of 26. By trade surplus, it ranks #838 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 40103999 exports

The strongest single-year export movement for HSN Code 40103999 was recorded in FY 2021-22, when exports surged by 45.37% over the prior year.

### India maintains a trade surplus of ₹338.81 Crore in HSN Code 40103999 goods

In FY 2024-25, India's exports of ₹733.81 Cr exceeded imports of ₹395.00 Cr, resulting in a trade surplus of ₹338.81 Crore — ranking #838 of 12657 by surplus magnitude.

### Import growth of 5.64% CAGR signals stable import dependency for Transmission belts or belting: Other

India's imports under HSN Code 40103999 have grown at 5.64% CAGR, reaching ₹395.00 Crore in FY 2024-25.

### HSN Code 40103999 contributes 40.55% of Sub-Chapter 4010 exports — ranked #2

Among the 26 HSN codes under Sub-Chapter 4010, HSN Code 40103999 ranks #2 by export value — accounting for 40.55% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 36.01% share (rank #1).

## 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 (this hsn code) | ₹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 |