--- title: "HSN Code for Artificial Stone Polishing Slabs | HSN 68043020 GST Rate" description: "Find HSN and GST Rates for 68043020 related to Artificial Stone Polishing Slabs with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-68043020/" --- # HSN Code 68043020: Artificial Stone Polishing Slabs - [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 | | --- | --- | --- | --- | --- | | Hand sharpening or polishing stones : Sharpening stones | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 68043020 ? It includes Abrasive Grinding Wheels & Stones ### Can we claim ITC on inputs used to trade Artificial 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 should mixed supplies be billed when Artificial Stone Polishing Slabs is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Artificial Stone Polishing Slabs; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Artificial 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. ### Any common misclassification issue with Artificial 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. ### How much GST applies to Artificial Stone Polishing Slabs? Under HSN 68043020, Artificial Stone Polishing Slabs attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 68043020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹12 Cr (+30.77% YoY) — 0.0003% of India's total exports - Imports: ₹4 Cr (−5.73% YoY) — 0.0001% of India's total imports - Trade balance: ₹8 Cr (Surplus); surplus rank #3462 of 12657 HSN codes - Share of Sub-Chapter 6804: 2.15% of its exports; import side 0.17% - Rank within Sub-Chapter 6804: #6 of 10 by export value; import-side #10 ### Key metrics - Export CAGR: 5.19% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5560 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +30.77% in FY 2024-25 - Contribution to Sub-Ch. 6804: 2.15% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 68043020 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 | 8.91 | 0.0004% | — | 2.12% | 2.40 | 0.0001% | — | 0.15% | +6.51 | #5129 | | FY 2019-20 | 11.03 | 0.0005% | +23.79% | 2.14% | 1.70 | 0.0001% | −29.17% | 0.11% | +9.33 | #4880 | | FY 2020-21 | 11.32 | 0.0005% | +2.63% | 2.76% | 2.17 | 0.0001% | +27.65% | 0.13% | +9.15 | #4905 | | FY 2021-22 | 13.53 | 0.0004% | +19.52% | 2.85% | 3.50 | 0.0001% | +61.29% | 0.17% | +10.03 | #5092 | | FY 2022-23 | 14.15 | 0.0004% | +4.58% | 2.98% | 3.50 | 0.0001% | 0.00% | 0.16% | +10.65 | #5157 | | FY 2023-24 | 9.23 | 0.0003% | −34.77% | 1.99% | 4.36 | 0.0001% | +24.57% | 0.18% | +4.87 | #5834 | | FY 2024-25 | 12.07 | 0.0003% | +30.77% | 2.15% | 4.11 | 0.0001% | −5.73% | 0.17% | +7.96 | #5560 | - CAGR (7-year): exports 5.19%/yr, imports 9.38%/yr (consistently Surplus) ## Key trade insights: HSN Code 68043020 export-import analysis ### Consistent export growth: 5.19% CAGR over 7 years India's exports under HSN Code 68043020 have grown at a compound annual rate of 5.19% over 7 fiscal years, rising from ₹8.91 Crore in FY 2018-19 to ₹12.07 Crore in FY 2024-25. ### HSN Code 68043020 ranked #5560 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 68043020 ranks #5560 out of 12657 HSN codes by total export value. Within Sub-Chapter 6804, it ranks #6 of 10. By trade surplus, it ranks #3462 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 68043020 exports The strongest single-year export movement for HSN Code 68043020 was recorded in FY 2024-25, when exports surged by 30.77% over the prior year. ### India maintains a trade surplus of ₹7.96 Crore in HSN Code 68043020 goods In FY 2024-25, India's exports of ₹12.07 Cr exceeded imports of ₹4.11 Cr, resulting in a trade surplus of ₹7.96 Crore — ranking #3462 of 12657 by surplus magnitude. ### Import growth of 9.38% CAGR signals stable import dependency for Artificial Stone Polishing Slabs India's imports under HSN Code 68043020 have grown at 9.38% CAGR, reaching ₹4.11 Crore in FY 2024-25. ### HSN Code 68043020 contributes 2.15% of Sub-Chapter 6804 exports — ranked #6 Among the 10 HSN codes under Sub-Chapter 6804, HSN Code 68043020 ranks #6 by export value — accounting for 2.15% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.17% share (rank #10). ## 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](https://busy.in/hsn/hsn-68041000/) | ₹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 (this hsn code) | ₹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 |