HS Code of 401034 (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 401034 (CONVEYOR OR TRANSMISSION BELTS OR BELTING OF VULCANISED RUBBER)

HS Codes	Duty Drawback	Unit	Drawback Rate	Drawback cap per unit in Rs.
40103410	Duty Drawback	-	1.5	-
40103490	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
40103410	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	1%%
40103490	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	1%%