---
title: "HSN Code for Asbestos Lagging Compounds | HSN 68129911 GST Rate"
description: "Find HSN and GST Rates for 68129911 related to Asbestos Lagging Compounds with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-68129911/"
---

# HSN Code 68129911: Asbestos Lagging Compounds

- [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 6812: Asbestos articles](https://busy.in/hsn/sub-chapter-6812/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Other : Other : Lagging compounds : Asbestos | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 68129911 ?

It includes Asbestos Gaskets

### Any common misclassification issue with Asbestos Lagging Compounds?

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 Asbestos Lagging Compounds?

Under HSN 68129911, Asbestos Lagging Compounds attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for Asbestos Lagging Compounds?

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 Asbestos Lagging Compounds?

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.

### How should mixed supplies be billed when Asbestos Lagging Compounds is sold with other items?

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

## India's trade performance: HSN Code 68129911 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹1 Cr (−37.91% YoY) — 0.0000% of India's total exports
- Imports: < ₹1 Crore (−18.35% YoY) — 0.0000% of India's total imports
- Trade balance: < ₹1 Crore (Surplus); surplus rank #5035 of 12657 HSN codes
- Share of Sub-Chapter 6812: 1.33% of its exports; import side 5.99%
- Rank within Sub-Chapter 6812: #4 of 21 by export value; import-side #5

### Key metrics

- Export CAGR: 52.45% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #8150 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +213.79% in FY 2023-24
- Contribution to Sub-Ch. 6812: 1.33% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 68129911

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. 6812 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6812 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.15% | < ₹1 Crore | 0.0000% | — | 5.27% | −0.60 | #9231 |
| FY 2019-20 | < ₹1 Crore | 0.0000% | −33.33% | 0.10% | < ₹1 Crore | 0.0000% | −43.48% | 3.16% | −0.33 | #9399 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | +100.00% | 0.21% | < ₹1 Crore | 0.0000% | +20.51% | 3.68% | −0.35 | #9138 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | +83.33% | 0.32% | 1.38 | 0.0000% | +193.62% | 11.07% | −1.16 | #9149 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | +163.64% | 0.74% | 1.17 | 0.0000% | −15.22% | 11.39% | −0.59 | #8564 |
| FY 2023-24 | 1.82 | 0.0001% | +213.79% | 2.37% | 1.09 | 0.0000% | −6.84% | 9.09% | +0.73 | #7667 |
| FY 2024-25 | 1.13 | 0.0000% | −37.91% | 1.33% | < ₹1 Crore | 0.0000% | −18.35% | 5.99% | +0.24 | #8150 |

- CAGR (7-year): exports 52.45%/yr, imports 4.33%/yr (consistently Surplus)

## Key trade insights: HSN Code 68129911 export-import analysis

### Consistent export growth: 52.45% CAGR over 7 years

India's exports under HSN Code 68129911 have grown at a compound annual rate of 52.45% over 7 fiscal years, rising from ₹0.09 Crore in FY 2018-19 to ₹1.13 Crore in FY 2024-25.

### HSN Code 68129911 ranked #8150 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 68129911 ranks #8150 out of 12657 HSN codes by total export value. Within Sub-Chapter 6812, it ranks #4 of 21. By trade surplus, it ranks #5035 of 12657.

### FY 2023-24 was the strongest growth year for HSN Code 68129911 exports

The strongest single-year export movement for HSN Code 68129911 was recorded in FY 2023-24, when exports surged by 213.79% over the prior year.

### India maintains a trade surplus of ₹0.24 Crore in HSN Code 68129911 goods

In FY 2024-25, India's exports of ₹1.13 Cr exceeded imports of ₹0.89 Cr, resulting in a trade surplus of ₹0.24 Crore — ranking #5035 of 12657 by surplus magnitude.

### Import growth of 4.33% CAGR signals stable import dependency for Asbestos Lagging Compounds

India's imports under HSN Code 68129911 have grown at 4.33% CAGR, reaching ₹0.89 Crore in FY 2024-25.

### HSN Code 68129911 contributes 1.33% of Sub-Chapter 6812 exports — ranked #4

Among the 21 HSN codes under Sub-Chapter 6812, HSN Code 68129911 ranks #4 by export value — accounting for 1.33% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.99% share (rank #5).

## Related HSN Codes in Sub-Chapter 6812

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 68129990: Other Asbestos Packing Joints & Gaskets](https://busy.in/hsn/hsn-68129990/) | ₹77 Cr |
| #2 | [HSN Code 68129922: Asbestos Gaskets](https://busy.in/hsn/hsn-68129922/) | ₹3 Cr |
| #3 | [HSN Code 68129100: Asbestos Clothing & Accessories](https://busy.in/hsn/hsn-68129100/) | ₹2 Cr |
| #4 | HSN Code 68129911: Asbestos Lagging Compounds (this hsn code) | ₹1 Cr |
| #5 | [HSN Code 68129919: Other Lagging Compounds](https://busy.in/hsn/hsn-68129919/) | < ₹1 Crore |
| #6 | [HSN Code 68129921: Asbestos Packing Joints](https://busy.in/hsn/hsn-68129921/) | < ₹1 Crore |
| #7 | [HSN Code 68128000: Fabricated Asbestos Fibres: Crocidolite](https://busy.in/hsn/hsn-68128000/) | < ₹1 Crore |
| — | [HSN Code 68129211: Paper, millboard and felt](https://busy.in/hsn/hsn-68129211/) | Nil |
| — | [HSN Code 68129219: Paper, millboard and felt — others](https://busy.in/hsn/hsn-68129219/) | Nil |
| — | [HSN Code 68129290: Compressed asbestos fibre jointing in sheets or rolls](https://busy.in/hsn/hsn-68129290/) | Nil |