Steps to reproduce (default settings):
1. build belt line A in the left direction
2.1. build belt line B in the up direction from just below line A (not at the ends) for 3+ tiles
2.2. not releasing mouse, pull it down below line A
Result: 2nd to last belt in the line B deconstructed.
In my testing belt was returning into inventory, but there may be edge cases.
P.S. Thanx for the mod ^_^