HSN Code 40122010: Vulcanized Rubber Conveyor Belts

HSN Code 40122010 represents Vulcanized Rubber Conveyor Belts under GST classification. This code helps businesses identify Vulcanized Rubber Conveyor Belts correctly for billing, taxation, and trade. With HSN Code 40122010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Vulcanized Rubber Conveyor Belts.

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Description of Goods for HSN Code 40122010

HSN Code 40122010 relates to the following description.

Description of Goods

Used pneumatic tyres : For buses, lorries and earth moving equipments including light commercial vehicles

Chapter

40 - Rubber and articles thereof

Sub Chapter

4012 - Retreaded or used pneumatic tyres of rubber, solid or cushion tyres, tyre treads and tyre flaps, of rubber

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 40122010 not include?

Vulcanized Rubber Conveyor Belts does not include products with the following descriptions.

Retreaded tyres : Of a kind used on motor cars (including station wagons and racing cars)

Used pneumatic tyres : For passenger automobile vehicles, including two wheelers, three wheelers and personal type vehicles

Other : Tyre flaps : Of a kind used in two-wheeled and three- wheeled motor vehicles

India’s Trade Performance — HSN Code 40122010 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

+1,025.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−80.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4847 of 12657 HSN codes

% of Sub-Chapter 4012

FY 2024-25

0.07%

Share of Sub-Chapter 4012’s total exports in FY 2024-25

Import side: 0.01% of Sub-Chapter 4012’s imports

Rank Within Sub-Chapter 4012

FY 2024-25

#9 of 15

Position by export value among HSN codes in Sub-Chapter 4012

Import-side rank: #10 of 15

At a glance

36.36%

Export CAGR

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

#8898

National Export Rank

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

+1,025.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.07%

Contribution to Sub-Ch. 4012

Share of Sub-Chapter 4012 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 40122010

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 #9371

Balance

−0.39

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.02% of Sub-Ch. 4012

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.42% of Sub-Ch. 4012

FY 2019-20

Balance

−0.40

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 4012

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−13.04% YoY

0.46% of Sub-Ch. 4012

FY 2020-21 Exp. Rank #8107

Balance

−0.51

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.17% of Sub-Ch. 4012

Imports

1.11 ₹ Cr

0.0000% share

+177.50% YoY

1.80% of Sub-Ch. 4012

FY 2021-22 Exp. Rank #8559

Balance

+0.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−15.00% YoY

0.10% of Sub-Ch. 4012

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−91.89% YoY

0.10% of Sub-Ch. 4012

FY 2022-23 Exp. Rank #8345

Balance

+0.75

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+47.06% YoY

0.14% of Sub-Ch. 4012

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 4012

FY 2023-24 Exp. Rank #10146

Balance

−0.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−94.67% YoY

0.01% of Sub-Ch. 4012

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.03% of Sub-Ch. 4012

FY 2024-25 Exp. Rank #8898

Balance

+0.44

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,025.00% YoY

0.07% of Sub-Ch. 4012

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−80.00% YoY

0.01% of Sub-Ch. 4012

CAGR · 7-Year

Exports

36.36% /yr

Imports

−47.17% /yr

Consistently Surplus
Sub-Chapter 4012 total

reference, FY 2024-25

Export

₹691.51 Cr

Import

₹94.95 Cr

Trade Balance

+596.56

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 40122010 Export-Import Analysis

Consistent Export Growth: 36.36% CAGR Over 7 Years

India's exports under HSN Code 40122010 have grown at a compound annual rate of 36.36% over 7 fiscal years, rising from ₹0.07 Crore in FY 2018-19 to ₹0.45 Crore in FY 2024-25.

HSN Code 40122010 Ranked #8898 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 40122010 ranks #8898 out of 12657 HSN codes by total export value. Within Sub-Chapter 4012, it ranks #9 of 15. By trade surplus, it ranks #4847 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 40122010 Exports

The strongest single-year export movement for HSN Code 40122010 was recorded in FY 2024-25, when exports surged by 1,025.00% over the prior year.

India Maintains a Trade Surplus of ₹0.44 Crore in HSN Code 40122010 Goods

In FY 2024-25, India's exports of ₹0.45 Cr exceeded imports of ₹0.01 Cr, resulting in a trade surplus of ₹0.44 Crore — ranking #4847 of 12657 by surplus magnitude.

Import Growth of −47.17% CAGR Signals Stable Import Dependency for Vulcanized Rubber Conveyor Belts

India's imports under HSN Code 40122010 have grown at −47.17% CAGR, reaching ₹0.01 Crore in FY 2024-25.

HSN Code 40122010 Contributes 0.07% of Sub-Chapter 4012 Exports — Ranked #9

Among the 15 HSN codes under Sub-Chapter 4012, HSN Code 40122010 ranks #9 by export value — accounting for 0.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #10).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 40122010 and GST compliance.

What products are classified under HSN 40122010 ?

It includes Vulcanized Rubber Conveyor Belts

Any common misclassification issue with Vulcanized Rubber Conveyor Belts?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade Vulcanized Rubber Conveyor Belts?

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

Does packaging or labelling change the GST for Vulcanized Rubber Conveyor Belts?

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.

How much GST applies to Vulcanized Rubber Conveyor Belts?

Under HSN 40122010, Vulcanized Rubber Conveyor Belts attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Vulcanized Rubber Conveyor Belts is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Vulcanized Rubber Conveyor Belts; Nil for exempt items if applicable).

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.