---
title: "HSN Code for Asbestos Gaskets | HSN 68129922 GST Rate"
description: "Find HSN and GST Rates for 68129922 related to Asbestos Gaskets with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-68129922/"
---

# HSN Code 68129922: Asbestos Gaskets

- [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 : Asbestos packing joints and gaskets : Gaskets | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 68129922 ?

It includes Other Articles of Mill Board

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

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

### Do e‑way bill and e‑invoice apply for Asbestos Gaskets?

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 Asbestos Gaskets?

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 Gaskets?

Under HSN 68129922, Asbestos Gaskets attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Asbestos Gaskets?

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 68129922 (FY 2024-25)

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

- Exports: ₹3 Cr (+44.40% YoY) — 0.0001% of India's total exports
- Imports: ₹4 Cr (+34.22% YoY) — 0.0001% of India's total imports
- Trade balance: −< ₹1 Crore (Deficit); surplus rank #7455 of 12657 HSN codes
- Share of Sub-Chapter 6812: 3.95% of its exports; import side 23.74%
- Rank within Sub-Chapter 6812: #2 of 21 by export value; import-side #2

### Key metrics

- Export CAGR: 8.71% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #7074 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +87.07% in FY 2021-22
- Contribution to Sub-Ch. 6812: 3.95% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 68129922

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 | 2.03 | 0.0001% | — | 3.31% | 4.56 | 0.0001% | — | 34.81% | −2.53 | #6933 |
| FY 2019-20 | 1.01 | 0.0000% | −50.25% | 1.71% | 2.68 | 0.0001% | −41.23% | 21.68% | −1.67 | #7610 |
| FY 2020-21 | 1.16 | 0.0001% | +14.85% | 2.04% | 2.28 | 0.0001% | −14.93% | 17.87% | −1.12 | #7531 |
| FY 2021-22 | 2.17 | 0.0001% | +87.07% | 3.17% | 2.95 | 0.0001% | +29.39% | 23.66% | −0.78 | #7223 |
| FY 2022-23 | 2.18 | 0.0001% | +0.46% | 2.78% | 3.58 | 0.0001% | +21.36% | 34.86% | −1.40 | #7350 |
| FY 2023-24 | 2.32 | 0.0001% | +6.42% | 3.02% | 2.63 | 0.0000% | −26.54% | 21.93% | −0.31 | #7426 |
| FY 2024-25 | 3.35 | 0.0001% | +44.40% | 3.95% | 3.53 | 0.0001% | +34.22% | 23.74% | −0.18 | #7074 |

- CAGR (7-year): exports 8.71%/yr, imports -4.18%/yr (consistently Deficit)

## Key trade insights: HSN Code 68129922 export-import analysis

### Consistent export growth: 8.71% CAGR over 7 years

India's exports under HSN Code 68129922 have grown at a compound annual rate of 8.71% over 7 fiscal years, rising from ₹2.03 Crore in FY 2018-19 to ₹3.35 Crore in FY 2024-25.

### HSN Code 68129922 ranked #7074 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 68129922 ranks #7074 out of 12657 HSN codes by total export value. Within Sub-Chapter 6812, it ranks #2 of 21. By trade surplus, it ranks #7455 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 68129922 exports

The strongest single-year export movement for HSN Code 68129922 was recorded in FY 2021-22, when exports surged by 87.07% over the prior year.

### India records a trade deficit of ₹0.18 Crore in HSN Code 68129922 goods

In FY 2024-25, India's imports of ₹3.53 Cr exceeded exports of ₹3.35 Cr, resulting in a trade deficit of ₹0.18 Crore — ranking #7455 of 12657 by surplus magnitude.

### Import growth of -4.18% CAGR signals stable import dependency for Asbestos Gaskets

India's imports under HSN Code 68129922 have grown at -4.18% CAGR, reaching ₹3.53 Crore in FY 2024-25.

### HSN Code 68129922 contributes 3.95% of Sub-Chapter 6812 exports — ranked #2

Among the 21 HSN codes under Sub-Chapter 6812, HSN Code 68129922 ranks #2 by export value — accounting for 3.95% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 23.74% share (rank #2).

## 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 (this hsn code) | ₹3 Cr |
| #3 | [HSN Code 68129100: Asbestos Clothing & Accessories](https://busy.in/hsn/hsn-68129100/) | ₹2 Cr |
| #4 | [HSN Code 68129911: Asbestos Lagging Compounds](https://busy.in/hsn/hsn-68129911/) | ₹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 |