--- title: "HSN Code for Millstones, Grindstones & Similar Products | HSN 68041000 GST Rate" description: "Find HSN and GST Rates for 68041000 related to Millstones, Grindstones & Similar Products with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-68041000/" --- # HSN Code 68041000: Millstones, Grindstones & Similar Products - [Section 13: Guide to HSN Section 13](https://busy.in/hsn/section-13/) - [Chapter 68: Stone, Cement & Plaster Items](https://busy.in/hsn/chapter-68/) - [Sub-chapter 6804: Grindstones & sharpening tools](https://busy.in/hsn/sub-chapter-6804/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Millstones and grindstones for milling, grinding or pulping | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 68041000 ? It includes Monolithic Articles of Natural Stone for Abrasives ### Can we claim ITC on inputs used to trade Millstones, Grindstones & Similar Products? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Millstones, Grindstones & Similar Products? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Millstones, Grindstones & Similar Products? Under HSN 68041000, Millstones, Grindstones & Similar Products attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Millstones, Grindstones & Similar Products? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Does packaging or labelling change the GST for Millstones, Grindstones & Similar Products? 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 should mixed supplies be billed when Millstones, Grindstones & Similar Products is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Millstones, Grindstones & Similar Products; Nil for exempt items if applicable). ## India's trade performance: HSN Code 68041000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹61 Cr (−3.66% YoY) — 0.0017% of India's total exports - Imports: ₹17 Cr (−16.59% YoY) — 0.0003% of India's total imports - Trade balance: ₹44 Cr (Surplus); surplus rank #2254 of 12657 HSN codes - Share of Sub-Chapter 6804: 10.81% of its exports; import side 0.71% - Rank within Sub-Chapter 6804: #3 of 10 by export value; import-side #7 ### Key metrics - Export CAGR: 7.41% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3353 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +38.78% in FY 2021-22 - Contribution to Sub-Ch. 6804: 10.81% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 68041000 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 6804 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6804 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 39.60 | 0.0017% | — | 9.44% | 18.32 | 0.0005% | — | 1.13% | +21.28 | #3209 | | FY 2019-20 | 38.51 | 0.0017% | −2.75% | 7.49% | 10.80 | 0.0003% | −41.05% | 0.73% | +27.71 | #3268 | | FY 2020-21 | 36.93 | 0.0017% | −4.10% | 9.01% | 10.37 | 0.0004% | −3.98% | 0.61% | +26.56 | #3373 | | FY 2021-22 | 51.25 | 0.0016% | +38.78% | 10.80% | 13.18 | 0.0003% | +27.10% | 0.63% | +38.07 | #3330 | | FY 2022-23 | 58.75 | 0.0016% | +14.63% | 12.37% | 17.60 | 0.0003% | +33.54% | 0.79% | +41.15 | #3260 | | FY 2023-24 | 63.11 | 0.0017% | +7.42% | 13.61% | 20.44 | 0.0004% | +16.14% | 0.83% | +42.67 | #3210 | | FY 2024-25 | 60.80 | 0.0017% | −3.66% | 10.81% | 17.05 | 0.0003% | −16.59% | 0.71% | +43.75 | #3353 | - CAGR (7-year): exports 7.41%/yr, imports -1.19%/yr (consistently Surplus) ## Key trade insights: HSN Code 68041000 export-import analysis ### Consistent export growth: 7.41% CAGR over 7 years India's exports under HSN Code 68041000 have grown at a compound annual rate of 7.41% over 7 fiscal years, rising from ₹39.60 Crore in FY 2018-19 to ₹60.80 Crore in FY 2024-25. ### HSN Code 68041000 ranked #3353 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 68041000 ranks #3353 out of 12657 HSN codes by total export value. Within Sub-Chapter 6804, it ranks #3 of 10. By trade surplus, it ranks #2254 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 68041000 exports The strongest single-year export movement for HSN Code 68041000 was recorded in FY 2021-22, when exports surged by 38.78% over the prior year. ### India maintains a trade surplus of ₹43.75 Crore in HSN Code 68041000 goods In FY 2024-25, India's exports of ₹60.80 Cr exceeded imports of ₹17.05 Cr, resulting in a trade surplus of ₹43.75 Crore — ranking #2254 of 12657 by surplus magnitude. ### Import growth of -1.19% CAGR signals stable import dependency for Millstones, Grindstones & Similar Products India's imports under HSN Code 68041000 have grown at -1.19% CAGR, reaching ₹17.05 Crore in FY 2024-25. ### HSN Code 68041000 contributes 10.81% of Sub-Chapter 6804 exports — ranked #3 Among the 10 HSN codes under Sub-Chapter 6804, HSN Code 68041000 ranks #3 by export value — accounting for 10.81% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.71% share (rank #7). ## Related HSN Codes in Sub-Chapter 6804 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 68042190: Other Abrasive Powders & Grains](https://busy.in/hsn/hsn-68042190/) | ₹218 Cr | | #2 | [HSN Code 68042210: Monolithic Articles of Natural Stone for Abrasives](https://busy.in/hsn/hsn-68042210/) | ₹168 Cr | | #3 | HSN Code 68041000: Millstones, Grindstones & Similar Products (this hsn code) | ₹61 Cr | | #4 | [HSN Code 68042290: Assorted Abrasive Articles](https://busy.in/hsn/hsn-68042290/) | ₹54 Cr | | #5 | [HSN Code 68042110: Abrasive Powder & Grain of Natural Stones](https://busy.in/hsn/hsn-68042110/) | ₹31 Cr | | #6 | [HSN Code 68043020: Artificial Stone Polishing Slabs](https://busy.in/hsn/hsn-68043020/) | ₹12 Cr | | #7 | [HSN Code 68042220: Other Abrasive Articles of Natural Stone](https://busy.in/hsn/hsn-68042220/) | ₹9 Cr | | #8 | [HSN Code 68042390: Other Artificial Abrasive Articles](https://busy.in/hsn/hsn-68042390/) | ₹5 Cr | | #9 | [HSN Code 68043010: Natural Stone Polishing Slabs](https://busy.in/hsn/hsn-68043010/) | ₹5 Cr | | #10 | [HSN Code 68042310: Artificial Stone Articles for Abrasives](https://busy.in/hsn/hsn-68042310/) | < ₹1 Crore |