HSN Code 68053000: Bonded Abrasive Products

HSN Code 68053000 represents Bonded Abrasive Products under GST classification. This code helps businesses identify Bonded Abrasive Products correctly for billing, taxation, and trade. With HSN Code 68053000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Bonded Abrasive Products.

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Description of Goods for HSN Code 68053000

HSN Code 68053000 relates to the following description.

Description of Goods

On a base of other materials

Chapter

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

Sub Chapter

6805 - Natural or artificial abrasive powder or grain, on a base of textile material, of paper, of paperboard or of other materials, whether or not cut to shape or sewn or otherwise made up

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 68053000 not include?

Bonded Abrasive Products does not include products with the following descriptions.

India’s Trade Performance — HSN Code 68053000 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

₹24 Cr

+12.02% vs FY 2023-24

0.0006% of India’s total exports

India’s Imports

FY 2024-25

₹285 Cr

−0.26% vs FY 2023-24

0.0047% of India’s total imports

Trade Balance

FY 2024-25

−₹261 Cr

Trade Deficit

Surplus rank #11506 of 12657 HSN codes

% of Sub-Chapter 6805

FY 2024-25

35.28%

Share of Sub-Chapter 6805’s total exports in FY 2024-25

Import side: 25.20% of Sub-Chapter 6805’s imports

Rank Within Sub-Chapter 6805

FY 2024-25

#2 of 8

Position by export value among HSN codes in Sub-Chapter 6805

Import-side rank: #2 of 8

At a glance

11.37%

Export CAGR

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

#4630

National Export Rank

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

+37.02%

Peak Growth Year

FY 2020-21 · strongest single-year move

35.28%

Contribution to Sub-Ch. 6805

Share of Sub-Chapter 6805 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 68053000

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 #4734

Balance

−118.22

Exports

12.46 ₹ Cr

0.0005% share

YoY

33.91% of Sub-Ch. 6805

Imports

130.68 ₹ Cr

0.0036% share

YoY

23.79% of Sub-Ch. 6805

FY 2019-20 Exp. Rank #4578

Balance

−131.49

Exports

14.02 ₹ Cr

0.0006% share

+12.52% YoY

30.09% of Sub-Ch. 6805

Imports

145.51 ₹ Cr

0.0043% share

+11.35% YoY

26.51% of Sub-Ch. 6805

FY 2020-21 Exp. Rank #4243

Balance

−124.14

Exports

19.21 ₹ Cr

0.0009% share

+37.02% YoY

44.50% of Sub-Ch. 6805

Imports

143.35 ₹ Cr

0.0049% share

−1.48% YoY

23.64% of Sub-Ch. 6805

FY 2021-22 Exp. Rank #4542

Balance

−180.31

Exports

20.86 ₹ Cr

0.0007% share

+8.59% YoY

38.00% of Sub-Ch. 6805

Imports

201.17 ₹ Cr

0.0044% share

+40.33% YoY

22.45% of Sub-Ch. 6805

FY 2022-23 Exp. Rank #4689

Balance

−229.14

Exports

19.69 ₹ Cr

0.0005% share

−5.61% YoY

36.95% of Sub-Ch. 6805

Imports

248.83 ₹ Cr

0.0043% share

+23.69% YoY

25.55% of Sub-Ch. 6805

FY 2023-24 Exp. Rank #4698

Balance

−264.07

Exports

21.22 ₹ Cr

0.0006% share

+7.77% YoY

35.38% of Sub-Ch. 6805

Imports

285.29 ₹ Cr

0.0051% share

+14.65% YoY

26.15% of Sub-Ch. 6805

FY 2024-25 Exp. Rank #4630

Balance

−260.78

Exports

23.77 ₹ Cr

0.0006% share

+12.02% YoY

35.28% of Sub-Ch. 6805

Imports

284.55 ₹ Cr

0.0047% share

−0.26% YoY

25.20% of Sub-Ch. 6805

CAGR · 7-Year

Exports

11.37% /yr

Imports

13.85% /yr

Consistently Deficit
Sub-Chapter 6805 total

reference, FY 2024-25

Export

₹67.38 Cr

Import

₹1,129.12 Cr

Trade Balance

−1,061.74

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

Key Trade Insights: HSN Code 68053000 Export-Import Analysis

Consistent Export Growth: 11.37% CAGR Over 7 Years

India's exports under HSN Code 68053000 have grown at a compound annual rate of 11.37% over 7 fiscal years, rising from ₹12.46 Crore in FY 2018-19 to ₹23.77 Crore in FY 2024-25.

HSN Code 68053000 Ranked #4630 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 68053000 ranks #4630 out of 12657 HSN codes by total export value. Within Sub-Chapter 6805, it ranks #2 of 8. By trade surplus, it ranks #11506 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 68053000 Exports

The strongest single-year export movement for HSN Code 68053000 was recorded in FY 2020-21, when exports surged by 37.02% over the prior year.

India Records a Trade Deficit of ₹260.78 Crore in HSN Code 68053000 Goods

In FY 2024-25, India's imports of ₹284.55 Cr exceeded exports of ₹23.77 Cr, resulting in a trade deficit of ₹260.78 Crore — ranking #11506 of 12657 by surplus magnitude.

Import Growth of 13.85% CAGR Signals Rising Demand for Bonded Abrasive Products

India's imports under HSN Code 68053000 have grown at 13.85% CAGR, reaching ₹284.55 Crore in FY 2024-25.

HSN Code 68053000 Contributes 35.28% of Sub-Chapter 6805 Exports — Ranked #2

Among the 8 HSN codes under Sub-Chapter 6805, HSN Code 68053000 ranks #2 by export value — accounting for 35.28% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 25.20% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 68053000 and GST compliance.

What products are classified under HSN 68053000 ?

It includes Other Articles of Mineral Wool and Expanded Materials

Do e‑way bill and e‑invoice apply for Bonded Abrasive 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.

Any common misclassification issue with Bonded Abrasive 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 Bonded Abrasive Products?

Under HSN 68053000, Bonded Abrasive Products attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Bonded Abrasive Products is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Bonded Abrasive Products; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Bonded Abrasive 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.

Can we claim ITC on inputs used to trade Bonded Abrasive Products?

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

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.