Consistent Export Growth: 10.26% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4010 have grown at a compound annual rate of 10.26% over 7 fiscal years, rising from ₹1,006.93 Crore in FY 2018-19 to ₹1,809.70 Crore in FY 2024-25.
HSN Sub Chapter 4010 represents Rubber conveyor belts under GST classification. This code helps businesses identify Rubber conveyor belts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rubber conveyor belts.
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GST Rate for Rubber conveyor belts under HSN Code 4010. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Rubber conveyor belts.
Tariff HSN
Description
Conveyor belts or belting : Reinforced only with metal : Where the rubber compound content is less than 25% by weight
Tariff HSN
Description
Conveyor belts or belting : Reinforced only with metal : Other
Tariff HSN
Description
Conveyor belts or belting : Reinforced only with textile materials : Where the rubber compound content is less than 25% by weight
Tariff HSN
Description
Conveyor belts or belting : Reinforced only with textile materials : Other
Tariff HSN
Description
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
Tariff HSN
Description
Conveyor or transmission belts or belting of vulcanised rubber - conveyor belts or belting : - reinforced only with plastics : other
Tariff HSN
Description
Conveyor belts or belting : Other : Where the rubber compound content is less than 25% by weight
Tariff HSN
Description
Conveyor belts or belting : Other : Other
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
Transmission belts or belting : Endless synchronous belts of an outside circumference exceeding 60 cm but not exceeding 150 cm : Other
Tariff HSN
Description
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
Tariff HSN
Description
Transmission belts or belting : Endless synchronous belts of an outside circumference exceeding 150 cm but not exceeding 198 cm : Other
Tariff HSN
Description
Transmission belts or belting : Other : Where the rubber compound content is less than 25% by weight : Endless flat belt
Tariff HSN
Description
Transmission belts or belting : Other : Where the rubber compound content is less than 25% by weight : Ply belting
Tariff HSN
Description
Transmission belts or belting : Other : Where the rubber compound content is less than 25% by weight : Other
Tariff HSN
Description
Transmission belts or belting : Other : Other : Endless flat belt
Tariff HSN
Description
Transmission belts or belting : Other : Other : Ply belting
Tariff HSN
Description
Transmission belts or belting : Other : Other : Other
India’s Exports
FY 2024-25₹1,810 Cr
0.0489% of India’s total exports
India’s Imports
FY 2024-25₹1,097 Cr
0.0180% of India’s total imports
Trade Balance
FY 2024-25₹713 Cr
Surplus rank #220 of 1233 subchapters
% of Chapter 40
FY 2024-254.40%
Share of Chapter 40’s total exports in FY 2024-25
Import side: 2.80% of Chapter 40’s imports
Rank Within Chapter 40
FY 2024-25#4 of 17
Position by export value among subchapters in Chapter 40
Import-side rank: #8 of 17
At a glance
10.26%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#283
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+41.81%
Peak Growth Year
FY 2021-22 · strongest single-year move
4.40%
Contribution to Ch. 40
Share of Chapter 40 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+326.60
Exports
1,006.93 ₹ Cr
0.0439% share
— YoY
4.49% of Ch. 40
Imports
680.33 ₹ Cr
0.0189% share
— YoY
2.62% of Ch. 40
Balance
+352.14
Exports
992.49 ₹ Cr
0.0449% share
−1.43% YoY
4.43% of Ch. 40
Imports
640.35 ₹ Cr
0.0191% share
−5.88% YoY
2.90% of Ch. 40
Balance
+286.65
Exports
905.95 ₹ Cr
0.0421% share
−8.72% YoY
3.77% of Ch. 40
Imports
619.30 ₹ Cr
0.0213% share
−3.29% YoY
2.88% of Ch. 40
Balance
+497.40
Exports
1,284.72 ₹ Cr
0.0409% share
+41.81% YoY
3.72% of Ch. 40
Imports
787.32 ₹ Cr
0.0172% share
+27.13% YoY
2.55% of Ch. 40
Balance
+682.45
Exports
1,632.32 ₹ Cr
0.0451% share
+27.06% YoY
4.34% of Ch. 40
Imports
949.87 ₹ Cr
0.0165% share
+20.65% YoY
2.84% of Ch. 40
Balance
+667.30
Exports
1,680.56 ₹ Cr
0.0464% share
+2.96% YoY
4.44% of Ch. 40
Imports
1,013.26 ₹ Cr
0.0180% share
+6.67% YoY
3.13% of Ch. 40
Balance
+712.88
Exports
1,809.70 ₹ Cr
0.0489% share
+7.68% YoY
4.40% of Ch. 40
Imports
1,096.82 ₹ Cr
0.0180% share
+8.25% YoY
2.80% of Ch. 40
CAGR · 7-Year
Exports
10.26% /yr
Imports
8.29% /yr
reference, FY 2024-25
Export
₹41,134.43 Cr
Import
₹39,165.11 Cr
Trade Balance
+1,969.32
India's exports under HSN Sub-Chapter 4010 have grown at a compound annual rate of 10.26% over 7 fiscal years, rising from ₹1,006.93 Crore in FY 2018-19 to ₹1,809.70 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 4010 ranks #283 out of 1233 subchapters by total export value. Within Chapter 40, it ranks #4 of 17. By trade surplus, it ranks #220 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 4010 was recorded in FY 2021-22, when exports surged by 41.81% over the prior year.
In FY 2024-25, India's exports of ₹1,809.70 Cr exceeded imports of ₹1,096.82 Cr, resulting in a trade surplus of ₹712.88 Crore — ranking #220 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4010 have grown at 8.29% CAGR, reaching ₹1,096.82 Crore in FY 2024-25.
Among the 17 subchapters under Chapter 40, HSN Sub-Chapter 4010 ranks #4 by export value — accounting for 4.40% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.80% share (rank #8).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 4010 and GST compliance.
It includes Rubber conveyor belts
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Rubber conveyor belts are forward charge. Check the current notifications for any special cases before deciding.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
Use a delivery challan for sending Rubber conveyor belts to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.