HS Code of 401031 (CONVEYOR OR TRANSMISSION BELTS OR BELTING OF VULCANISED RUBBER)

Description:

CONVEYOR OR TRANSMISSION BELTS OR BELTING OF VULCANISED RUBBER.

HS codes falls under this category.

Incentives of 401031 (CONVEYOR OR TRANSMISSION BELTS OR BELTING OF VULCANISED RUBBER)

HS Codes	Duty Drawback	Unit	Drawback Rate	Drawback cap per unit in Rs.
40103110	Duty Drawback	-	1.5	-
40103190	Duty Drawback	-	1.5	-

REWARD UNDER MERCHANDISE EXPORTS FROM India SCHEME (MEIS) [AS % ON FOB VALUE OF EXPORTS]

PLEASE NOTE: TOTAL INCENTIVE EQUALS SUM OF MEIS AND DUTY DRAWBACK.FOR INSTANCE, FOR Other FALLING UNDER HS CODE: 150290 INCENTIVES FROM THE GOVERNMENT IS 0.15%.

HS Codes	Product Description	Reward under MEIS
40103110	Transmission belts or belting:Endless transmission belts of trapezoidal crosssection (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	1%%
40103190	Transmission belts or belting:Endless transmission belts of trapezoidal crosssection (V-belts), V- ribbed, of an outside circumference exceeding 180 cm but not exceeding 240 cm:Other	1%%