HSN Code 40103999: Transmission belts or belting: Other

HSN Code 40103999 represents Transmission belts or belting: Other under GST classification. This code helps businesses identify Transmission belts or belting: Other correctly for billing, taxation, and trade. With HSN Code 40103999, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Transmission belts or belting: Other.

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Description of Goods for HSN Code 40103999

HSN Code 40103999 relates to the following description.

Description of Goods

Transmission belts or belting : Other : Other : Other

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 40103999 not include?

Transmission belts or belting: Other 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 40103999 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

₹734 Cr

+31.26% vs FY 2023-24

0.0199% of India’s total exports

India’s Imports

FY 2024-25

₹395 Cr

+12.91% vs FY 2023-24

0.0065% of India’s total imports

Trade Balance

FY 2024-25

₹339 Cr

Trade Surplus

Surplus rank #838 of 12657 HSN codes

% of Sub-Chapter 4010

FY 2024-25

40.55%

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

Import side: 36.01% of Sub-Chapter 4010’s imports

Rank Within Sub-Chapter 4010

FY 2024-25

#2 of 26

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

Import-side rank: #1 of 26

At a glance

16.05%

Export CAGR

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

#696

National Export Rank

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

+45.37%

Peak Growth Year

FY 2021-22 · strongest single-year move

40.55%

Contribution to Sub-Ch. 4010

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #988

Balance

+16.22

Exports

300.40 ₹ Cr

0.0131% share

— YoY

29.83% of Sub-Ch. 4010

Imports

284.18 ₹ Cr

0.0079% share

— YoY

41.77% of Sub-Ch. 4010

FY 2019-20 Exp. Rank #878

Balance

+110.07

Exports

350.99 ₹ Cr

0.0159% share

+16.84% YoY

35.36% of Sub-Ch. 4010

Imports

240.92 ₹ Cr

0.0072% share

−15.22% YoY

37.62% of Sub-Ch. 4010

FY 2020-21 Exp. Rank #898

Balance

+113.54

Exports

356.08 ₹ Cr

0.0166% share

+1.45% YoY

39.30% of Sub-Ch. 4010

Imports

242.54 ₹ Cr

0.0083% share

+0.67% YoY

39.16% of Sub-Ch. 4010

FY 2021-22 Exp. Rank #841

Balance

+174.00

Exports

517.62 ₹ Cr

0.0165% share

+45.37% YoY

40.29% of Sub-Ch. 4010

Imports

343.62 ₹ Cr

0.0075% share

+41.68% YoY

43.64% of Sub-Ch. 4010

FY 2022-23 Exp. Rank #829

Balance

+186.54

Exports

575.43 ₹ Cr

0.0159% share

+11.17% YoY

35.25% of Sub-Ch. 4010

Imports

388.89 ₹ Cr

0.0068% share

+13.17% YoY

40.94% of Sub-Ch. 4010

FY 2023-24 Exp. Rank #855

Balance

+209.22

Exports

559.06 ₹ Cr

0.0155% share

−2.84% YoY

33.27% of Sub-Ch. 4010

Imports

349.84 ₹ Cr

0.0062% share

−10.04% YoY

34.53% of Sub-Ch. 4010

FY 2024-25 Exp. Rank #696

Balance

+338.81

Exports

733.81 ₹ Cr

0.0199% share

+31.26% YoY

40.55% of Sub-Ch. 4010

Imports

395.00 ₹ Cr

0.0065% share

+12.91% YoY

36.01% of Sub-Ch. 4010

CAGR · 7-Year

Exports

16.05% /yr

Imports

5.64% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40103999 and GST compliance.

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.

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.