--- title: "HSN Code for Other Asbestos-Cement Articles | HSN 68118990 GST Rate" description: "Find HSN and GST Rates for 68118990 related to Other Asbestos-Cement Articles with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-68118990/" --- # HSN Code 68118990: Other Asbestos-Cement Articles - [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 6811: Asbestos-cement articles](https://busy.in/hsn/sub-chapter-6811/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Not containing asbestos : Other articles : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 68118990 ? It includes Asbestos Lagging Compounds ### Does packaging or labelling change the GST for Other Asbestos-Cement Articles? 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 much GST applies to Other Asbestos-Cement Articles? Under HSN 68118990, Other Asbestos-Cement Articles attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Other Asbestos-Cement Articles? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Other Asbestos-Cement Articles is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Asbestos-Cement Articles; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Other Asbestos-Cement Articles? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 68118990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹12 Cr (+84.82% YoY) — 0.0003% of India's total exports - Imports: ₹4 Cr (+83.49% YoY) — 0.0001% of India's total imports - Trade balance: ₹8 Cr (Surplus); surplus rank #3424 of 12657 HSN codes - Share of Sub-Chapter 6811: 5.04% of its exports; import side 5.86% - Rank within Sub-Chapter 6811: #2 of 14 by export value; import-side #3 ### Key metrics - Export CAGR: 7.56% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5527 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +84.82% in FY 2024-25 - Contribution to Sub-Ch. 6811: 5.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 68118990 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. 6811 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6811 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 8.02 | 0.0004% | — | 7.62% | 4.39 | 0.0001% | — | 6.86% | +3.63 | #5265 | | FY 2019-20 | 10.45 | 0.0005% | +30.30% | 6.73% | 2.57 | 0.0001% | −41.46% | 4.28% | +7.88 | #4960 | | FY 2020-21 | 5.58 | 0.0003% | −46.60% | 3.71% | 1.88 | 0.0001% | −26.85% | 3.86% | +3.70 | #5811 | | FY 2021-22 | 5.94 | 0.0002% | +6.45% | 3.05% | 2.52 | 0.0001% | +34.04% | 4.07% | +3.42 | #6140 | | FY 2022-23 | 5.58 | 0.0002% | −6.06% | 2.21% | < ₹1 Crore | 0.0000% | −69.05% | 1.21% | +4.80 | #6341 | | FY 2023-24 | 6.72 | 0.0002% | +20.43% | 2.86% | 2.18 | 0.0000% | +179.49% | 3.97% | +4.54 | #6210 | | FY 2024-25 | 12.42 | 0.0003% | +84.82% | 5.04% | 4.00 | 0.0001% | +83.49% | 5.86% | +8.42 | #5527 | - CAGR (7-year): exports 7.56%/yr, imports -1.54%/yr (consistently Surplus) ## Key trade insights: HSN Code 68118990 export-import analysis ### Consistent export growth: 7.56% CAGR over 7 years India's exports under HSN Code 68118990 have grown at a compound annual rate of 7.56% over 7 fiscal years, rising from ₹8.02 Crore in FY 2018-19 to ₹12.42 Crore in FY 2024-25. ### HSN Code 68118990 ranked #5527 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 68118990 ranks #5527 out of 12657 HSN codes by total export value. Within Sub-Chapter 6811, it ranks #2 of 14. By trade surplus, it ranks #3424 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 68118990 exports The strongest single-year export movement for HSN Code 68118990 was recorded in FY 2024-25, when exports surged by 84.82% over the prior year. ### India maintains a trade surplus of ₹8.42 Crore in HSN Code 68118990 goods In FY 2024-25, India's exports of ₹12.42 Cr exceeded imports of ₹4.00 Cr, resulting in a trade surplus of ₹8.42 Crore — ranking #3424 of 12657 by surplus magnitude. ### Import growth of -1.54% CAGR signals stable import dependency for Other Asbestos-Cement Articles India's imports under HSN Code 68118990 have grown at -1.54% CAGR, reaching ₹4.00 Crore in FY 2024-25. ### HSN Code 68118990 contributes 5.04% of Sub-Chapter 6811 exports — ranked #2 Among the 14 HSN codes under Sub-Chapter 6811, HSN Code 68118990 ranks #2 by export value — accounting for 5.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.86% share (rank #3). ## Related HSN Codes in Sub-Chapter 6811 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 68118200: Other Articles of Natural Stone](https://busy.in/hsn/hsn-68118200/) | ₹219 Cr | | #2 | HSN Code 68118990: Other Asbestos-Cement Articles (this hsn code) | ₹12 Cr | | #3 | [HSN Code 68118100: Knotted Netting of Pebbles, Gravel and Similar Articles](https://busy.in/hsn/hsn-68118100/) | ₹9 Cr | | #4 | [HSN Code 68114010: Containing asbestos- cement sheets](https://busy.in/hsn/hsn-68114010/) | ₹3 Cr | | #5 | [HSN Code 68114090: Other Worked Monumental or Building Stone](https://busy.in/hsn/hsn-68114090/) | ₹1 Cr | | #6 | [HSN Code 68118910: Asbestos-Cement Articles: Tubes & Pipes](https://busy.in/hsn/hsn-68118910/) | ₹1 Cr | | — | [HSN Code 68114020: Worked Monumental or Building Stone: Granite](https://busy.in/hsn/hsn-68114020/) | Nil | | — | [HSN Code 68111000: Asbestos-Cement Sheets](https://busy.in/hsn/hsn-68111000/) | — | | — | [HSN Code 68112010: Asbestos-Cement Tiles](https://busy.in/hsn/hsn-68112010/) | — | | — | [HSN Code 68112020: Other Asbestos-Cement Sheets/Panels/Tiles](https://busy.in/hsn/hsn-68112020/) | — |