HSN Code 68129911: Asbestos Lagging Compounds

HSN Code 68129911 represents Asbestos Lagging Compounds under GST classification. This code helps businesses identify Asbestos Lagging Compounds correctly for billing, taxation, and trade. With HSN Code 68129911, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Asbestos Lagging Compounds.

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Description of Goods for HSN Code 68129911

HSN Code 68129911 relates to the following description.

Description of Goods

Other : Other : Lagging compounds : Asbestos

Chapter

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

Sub Chapter

6812 - Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 68129911 not include?

Asbestos Lagging Compounds does not include products with the following descriptions.

HSN Code 68125000

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 clothing, clothing accessories, footwear and headgear

HSN Code 68126011

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 paper, millboard and felt: millboard: asbestos

HSN Code 68126019

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 paper, millboard and felt: millboard: other

HSN Code 68126090

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 paper, millboard and felt: other

HSN Code 68127000

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 compressed asbestos fibre jointing, in sheets or rolls

HSN Code 68129011

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 other: lagging compounds: asbestos

HSN Code 68129019

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 other: lagging compounds: other

HSN Code 68129021

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 other: asbestos packing joints and gaskets: packing joints

HSN Code 68129022

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 other: asbestos packing joints and gaskets: gaskets

HSN Code 68129090

Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813 other: asbestos packing joints and gaskets: other

India’s Trade Performance — HSN Code 68129911 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

₹1 Cr

−37.91% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−18.35% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #5035 of 12657 HSN codes

% of Sub-Chapter 6812

FY 2024-25

1.33%

Share of Sub-Chapter 6812’s total exports in FY 2024-25

Import side: 5.99% of Sub-Chapter 6812’s imports

Rank Within Sub-Chapter 6812

FY 2024-25

#4 of 21

Position by export value among HSN codes in Sub-Chapter 6812

Import-side rank: #5 of 21

At a glance

52.45%

Export CAGR

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

#8150

National Export Rank

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

+213.79%

Peak Growth Year

FY 2023-24 · strongest single-year move

1.33%

Contribution to Sub-Ch. 6812

Share of Sub-Chapter 6812 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #9231

Balance

−0.60

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.15% of Sub-Ch. 6812

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

5.27% of Sub-Ch. 6812

FY 2019-20 Exp. Rank #9399

Balance

−0.33

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−33.33% YoY

0.10% of Sub-Ch. 6812

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−43.48% YoY

3.16% of Sub-Ch. 6812

FY 2020-21 Exp. Rank #9138

Balance

−0.35

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.21% of Sub-Ch. 6812

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+20.51% YoY

3.68% of Sub-Ch. 6812

FY 2021-22 Exp. Rank #9149

Balance

−1.16

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+83.33% YoY

0.32% of Sub-Ch. 6812

Imports

1.38 ₹ Cr

0.0000% share

+193.62% YoY

11.07% of Sub-Ch. 6812

FY 2022-23 Exp. Rank #8564

Balance

−0.59

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+163.64% YoY

0.74% of Sub-Ch. 6812

Imports

1.17 ₹ Cr

0.0000% share

−15.22% YoY

11.39% of Sub-Ch. 6812

FY 2023-24 Exp. Rank #7667

Balance

+0.73

Exports

1.82 ₹ Cr

0.0001% share

+213.79% YoY

2.37% of Sub-Ch. 6812

Imports

1.09 ₹ Cr

0.0000% share

−6.84% YoY

9.09% of Sub-Ch. 6812

FY 2024-25 Exp. Rank #8150

Balance

+0.24

Exports

1.13 ₹ Cr

0.0000% share

−37.91% YoY

1.33% of Sub-Ch. 6812

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−18.35% YoY

5.99% of Sub-Ch. 6812

CAGR · 7-Year

Exports

52.45% /yr

Imports

4.33% /yr

Consistently Surplus
Sub-Chapter 6812 total

reference, FY 2024-25

Export

₹84.86 Cr

Import

₹14.87 Cr

Trade Balance

+69.99

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 68129911 and GST compliance.

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).

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.