HSN Code 68043010: Natural Stone Polishing Slabs

HSN Code 68043010 represents Natural Stone Polishing Slabs under GST classification. This code helps businesses identify Natural Stone Polishing Slabs correctly for billing, taxation, and trade. With HSN Code 68043010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Natural Stone Polishing Slabs.

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Description of Goods for HSN Code 68043010

HSN Code 68043010 relates to the following description.

Description of Goods

Hand sharpening or polishing stones : Polishing stones

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 68043010 not include?

Natural Stone Polishing Slabs 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 68043010 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

₹5 Cr

+44.55% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹14 Cr

+3.14% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹9 Cr

Trade Deficit

Surplus rank #9024 of 12657 HSN codes

% of Sub-Chapter 6804

FY 2024-25

0.80%

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

Import side: 0.57% of Sub-Chapter 6804’s imports

Rank Within Sub-Chapter 6804

FY 2024-25

#9 of 10

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

Import-side rank: #9 of 10

At a glance

−1.61%

Export CAGR

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

#6753

National Export Rank

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

+313.24%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.80%

Contribution to Sub-Ch. 6804

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

India Export-Import Trade Statistics for HSN Code 68043010

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 #5863

Balance

−11.08

Exports

4.97 ₹ Cr

0.0002% share

— YoY

1.18% of Sub-Ch. 6804

Imports

16.05 ₹ Cr

0.0004% share

— YoY

0.99% of Sub-Ch. 6804

FY 2019-20 Exp. Rank #6309

Balance

−5.46

Exports

3.40 ₹ Cr

0.0002% share

−31.59% YoY

0.66% of Sub-Ch. 6804

Imports

8.86 ₹ Cr

0.0003% share

−44.80% YoY

0.60% of Sub-Ch. 6804

FY 2020-21 Exp. Rank #4666

Balance

+9.14

Exports

14.05 ₹ Cr

0.0007% share

+313.24% YoY

3.43% of Sub-Ch. 6804

Imports

4.91 ₹ Cr

0.0002% share

−44.58% YoY

0.29% of Sub-Ch. 6804

FY 2021-22 Exp. Rank #4622

Balance

+4.32

Exports

19.76 ₹ Cr

0.0006% share

+40.64% YoY

4.17% of Sub-Ch. 6804

Imports

15.44 ₹ Cr

0.0003% share

+214.46% YoY

0.74% of Sub-Ch. 6804

FY 2022-23 Exp. Rank #5188

Balance

+2.68

Exports

13.83 ₹ Cr

0.0004% share

−30.01% YoY

2.91% of Sub-Ch. 6804

Imports

11.15 ₹ Cr

0.0002% share

−27.79% YoY

0.50% of Sub-Ch. 6804

FY 2023-24 Exp. Rank #7096

Balance

−10.24

Exports

3.12 ₹ Cr

0.0001% share

−77.44% YoY

0.67% of Sub-Ch. 6804

Imports

13.36 ₹ Cr

0.0002% share

+19.82% YoY

0.54% of Sub-Ch. 6804

FY 2024-25 Exp. Rank #6753

Balance

−9.27

Exports

4.51 ₹ Cr

0.0001% share

+44.55% YoY

0.80% of Sub-Ch. 6804

Imports

13.78 ₹ Cr

0.0002% share

+3.14% YoY

0.57% of Sub-Ch. 6804

CAGR · 7-Year

Exports

−1.61% /yr

Imports

−2.51% /yr

Consistently Deficit
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 68043010 Export-Import Analysis

Export Decline: −1.61% CAGR Over 7 Years

India's exports under HSN Code 68043010 have declined at a compound annual rate of −1.61% over 7 fiscal years, falling from ₹4.97 Crore in FY 2018-19 to ₹4.51 Crore in FY 2024-25.

HSN Code 68043010 Ranked #6753 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 68043010 ranks #6753 out of 12657 HSN codes by total export value. Within Sub-Chapter 6804, it ranks #9 of 10. By trade surplus, it ranks #9024 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 68043010 Exports

The strongest single-year export movement for HSN Code 68043010 was recorded in FY 2020-21, when exports surged by 313.24% over the prior year.

India Records a Trade Deficit of ₹9.27 Crore in HSN Code 68043010 Goods

In FY 2024-25, India's imports of ₹13.78 Cr exceeded exports of ₹4.51 Cr, resulting in a trade deficit of ₹9.27 Crore — ranking #9024 of 12657 by surplus magnitude.

Import Growth of −2.51% CAGR Signals Stable Import Dependency for Natural Stone Polishing Slabs

India's imports under HSN Code 68043010 have grown at −2.51% CAGR, reaching ₹13.78 Crore in FY 2024-25.

HSN Code 68043010 Contributes 0.80% of Sub-Chapter 6804 Exports — Ranked #9

Among the 10 HSN codes under Sub-Chapter 6804, HSN Code 68043010 ranks #9 by export value — accounting for 0.80% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.57% share (rank #9).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 68043010 and GST compliance.

What products are classified under HSN 68043010 ?

It includes Other Millstone & Grindstone Products

Can we claim ITC on inputs used to trade Natural Stone Polishing Slabs?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to Natural Stone Polishing Slabs?

Under HSN 68043010, Natural Stone Polishing Slabs attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Natural Stone Polishing Slabs?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Does packaging or labelling change the GST for Natural Stone Polishing Slabs?

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.

Do e‑way bill and e‑invoice apply for Natural Stone Polishing Slabs?

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.

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.