HSN Code 68043020: Artificial Stone Polishing Slabs

HSN Code 68043020 represents Artificial Stone Polishing Slabs under GST classification. This code helps businesses identify Artificial Stone Polishing Slabs correctly for billing, taxation, and trade. With HSN Code 68043020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Artificial Stone Polishing Slabs.

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Description of Goods for HSN Code 68043020

HSN Code 68043020 relates to the following description.

Description of Goods

Hand sharpening or polishing stones : Sharpening 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 68043020 not include?

Artificial 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 68043020 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

₹12 Cr

+30.77% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹4 Cr

−5.73% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹8 Cr

Trade Surplus

Surplus rank #3462 of 12657 HSN codes

% of Sub-Chapter 6804

FY 2024-25

2.15%

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

Import side: 0.17% of Sub-Chapter 6804’s imports

Rank Within Sub-Chapter 6804

FY 2024-25

#6 of 10

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

Import-side rank: #10 of 10

At a glance

5.19%

Export CAGR

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

#5560

National Export Rank

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

+30.77%

Peak Growth Year

FY 2024-25 · strongest single-year move

2.15%

Contribution to Sub-Ch. 6804

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #5129

Balance

+6.51

Exports

8.91 ₹ Cr

0.0004% share

— YoY

2.12% of Sub-Ch. 6804

Imports

2.40 ₹ Cr

0.0001% share

— YoY

0.15% of Sub-Ch. 6804

FY 2019-20 Exp. Rank #4880

Balance

+9.33

Exports

11.03 ₹ Cr

0.0005% share

+23.79% YoY

2.14% of Sub-Ch. 6804

Imports

1.70 ₹ Cr

0.0001% share

−29.17% YoY

0.11% of Sub-Ch. 6804

FY 2020-21 Exp. Rank #4905

Balance

+9.15

Exports

11.32 ₹ Cr

0.0005% share

+2.63% YoY

2.76% of Sub-Ch. 6804

Imports

2.17 ₹ Cr

0.0001% share

+27.65% YoY

0.13% of Sub-Ch. 6804

FY 2021-22 Exp. Rank #5092

Balance

+10.03

Exports

13.53 ₹ Cr

0.0004% share

+19.52% YoY

2.85% of Sub-Ch. 6804

Imports

3.50 ₹ Cr

0.0001% share

+61.29% YoY

0.17% of Sub-Ch. 6804

FY 2022-23 Exp. Rank #5157

Balance

+10.65

Exports

14.15 ₹ Cr

0.0004% share

+4.58% YoY

2.98% of Sub-Ch. 6804

Imports

3.50 ₹ Cr

0.0001% share

0.00% YoY

0.16% of Sub-Ch. 6804

FY 2023-24 Exp. Rank #5834

Balance

+4.87

Exports

9.23 ₹ Cr

0.0003% share

−34.77% YoY

1.99% of Sub-Ch. 6804

Imports

4.36 ₹ Cr

0.0001% share

+24.57% YoY

0.18% of Sub-Ch. 6804

FY 2024-25 Exp. Rank #5560

Balance

+7.96

Exports

12.07 ₹ Cr

0.0003% share

+30.77% YoY

2.15% of Sub-Ch. 6804

Imports

4.11 ₹ Cr

0.0001% share

−5.73% YoY

0.17% of Sub-Ch. 6804

CAGR · 7-Year

Exports

5.19% /yr

Imports

9.38% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 68043020 and GST compliance.

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.

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.