HSN Code 68041000: Millstones, Grindstones & Similar Products

HSN Code 68041000 represents Millstones, Grindstones & Similar Products under GST classification. This code helps businesses identify Millstones, Grindstones & Similar Products correctly for billing, taxation, and trade. With HSN Code 68041000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Millstones, Grindstones & Similar Products.

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Description of Goods for HSN Code 68041000

HSN Code 68041000 relates to the following description.

Description of Goods

Millstones and grindstones for milling, grinding or pulping

Chapter

68 - Articles of stone, plaster, cement, asbestos, mica or similar materials

Sub Chapter

6804 - Millstones, grindstones, grinding wheels and the like, without frameworks, for grinding, sharpening, polishing, trueing or cutting,hand sharpening or polishing stones, and parts thereof, of natural stone, of agglomerated natural or artificial abrasives, or of ceramics, with or without parts of other materials

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 68041000 not include?

Millstones, Grindstones & Similar Products does not include products with the following descriptions.

HSN Code 68042110

Other millstones, grindstones, grinding wheels and the like : Of agglomerated synthetic or natural diamond : Diamond impregnated wheels

HSN Code 68042190

Other millstones, grindstones, grinding wheels and the like : Of agglomerated synthetic or natural diamond : Other

HSN Code 68042210

Other millstones, grindstones, grinding wheels and the like : Of other agglomerated abrasives or of ceramics : Grinding wheels of synthetic abrasives

HSN Code 68042220

Other millstones, grindstones, grinding wheels and the like : Of other agglomerated abrasives or of ceramics : Grinding wheels of other materials

HSN Code 68042290

Other millstones, grindstones, grinding wheels and the like : Of other agglomerated abrasives or of ceramics : Other

HSN Code 68042310

Other millstones, grindstones, grinding wheels and the like : Of natural stone : Grinding wheels made of natural stone

HSN Code 68042390

Other millstones, grindstones, grinding wheels and the like : Of natural stone : Other

India’s Trade Performance — HSN Code 68041000 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹61 Cr

−3.66% vs FY 2023-24

0.0017% of India’s total exports

India’s Imports

FY 2024-25

₹17 Cr

−16.59% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

₹44 Cr

Trade Surplus

Surplus rank #2254 of 12657 HSN codes

% of Sub-Chapter 6804

FY 2024-25

10.81%

Share of Sub-Chapter 6804’s total exports in FY 2024-25

Import side: 0.71% of Sub-Chapter 6804’s imports

Rank Within Sub-Chapter 6804

FY 2024-25

#3 of 10

Position by export value among HSN codes in Sub-Chapter 6804

Import-side rank: #7 of 10

At a glance

7.41%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#3353

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+38.78%

Peak Growth Year

FY 2021-22 · strongest single-year move

10.81%

Contribution to Sub-Ch. 6804

Share of Sub-Chapter 6804 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3209

Balance

+21.28

Exports

39.60 ₹ Cr

0.0017% share

— YoY

9.44% of Sub-Ch. 6804

Imports

18.32 ₹ Cr

0.0005% share

— YoY

1.13% of Sub-Ch. 6804

FY 2019-20 Exp. Rank #3268

Balance

+27.71

Exports

38.51 ₹ Cr

0.0017% share

−2.75% YoY

7.49% of Sub-Ch. 6804

Imports

10.80 ₹ Cr

0.0003% share

−41.05% YoY

0.73% of Sub-Ch. 6804

FY 2020-21 Exp. Rank #3373

Balance

+26.56

Exports

36.93 ₹ Cr

0.0017% share

−4.10% YoY

9.01% of Sub-Ch. 6804

Imports

10.37 ₹ Cr

0.0004% share

−3.98% YoY

0.61% of Sub-Ch. 6804

FY 2021-22 Exp. Rank #3330

Balance

+38.07

Exports

51.25 ₹ Cr

0.0016% share

+38.78% YoY

10.80% of Sub-Ch. 6804

Imports

13.18 ₹ Cr

0.0003% share

+27.10% YoY

0.63% of Sub-Ch. 6804

FY 2022-23 Exp. Rank #3260

Balance

+41.15

Exports

58.75 ₹ Cr

0.0016% share

+14.63% YoY

12.37% of Sub-Ch. 6804

Imports

17.60 ₹ Cr

0.0003% share

+33.54% YoY

0.79% of Sub-Ch. 6804

FY 2023-24 Exp. Rank #3210

Balance

+42.67

Exports

63.11 ₹ Cr

0.0017% share

+7.42% YoY

13.61% of Sub-Ch. 6804

Imports

20.44 ₹ Cr

0.0004% share

+16.14% YoY

0.83% of Sub-Ch. 6804

FY 2024-25 Exp. Rank #3353

Balance

+43.75

Exports

60.80 ₹ Cr

0.0017% share

−3.66% YoY

10.81% of Sub-Ch. 6804

Imports

17.05 ₹ Cr

0.0003% share

−16.59% YoY

0.71% of Sub-Ch. 6804

CAGR · 7-Year

Exports

7.41% /yr

Imports

−1.19% /yr

Consistently Surplus
Sub-Chapter 6804 total

reference, FY 2024-25

Export

₹562.63 Cr

Import

₹2,413.94 Cr

Trade Balance

−1,851.31

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 68041000 and GST compliance.

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).

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.