--- title: "HSN Code for Asbestos Textile Fabrics | HSN 68141010 GST Rate" description: "Find HSN and GST Rates for 68141010 related to Asbestos Textile Fabrics with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-68141010/" --- # HSN Code 68141010: Asbestos Textile Fabrics - [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 6814: Worked Mica Articles](https://busy.in/hsn/sub-chapter-6814/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Plates, sheets and strips of agglomerated or reconstituted mica, whether or not on a support : Cut mica condenser films or plates | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 68141010 ? It includes Other Asbestos Textile Materials ### Can we claim ITC on inputs used to trade Asbestos Textile Fabrics? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Asbestos Textile Fabrics? 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 Asbestos Textile Fabrics? Under HSN 68141010, Asbestos Textile Fabrics attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Asbestos Textile Fabrics? 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 Textile Fabrics? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 68141010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹3 Cr (+120.26% YoY) — 0.0001% of India's total exports - Imports: ₹3 Cr (+229.03% YoY) — 0.0001% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #4964 of 12657 HSN codes - Share of Sub-Chapter 6814: 2.25% of its exports; import side 1.52% - Rank within Sub-Chapter 6814: #6 of 11 by export value; import-side #5 ### Key metrics - Export CAGR: 4.22% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7068 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +120.26% in FY 2024-25 - Contribution to Sub-Ch. 6814: 2.25% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 68141010 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. 6814 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6814 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 2.63 | 0.0001% | — | 2.16% | 1.55 | 0.0000% | — | 1.49% | +1.08 | #6630 | | FY 2019-20 | 1.13 | 0.0001% | −57.03% | 0.95% | 3.35 | 0.0001% | +116.13% | 2.93% | −2.22 | #7486 | | FY 2020-21 | 1.83 | 0.0001% | +61.95% | 1.81% | 5.56 | 0.0002% | +65.97% | 5.00% | −3.73 | #7077 | | FY 2021-22 | 1.48 | 0.0000% | −19.13% | 1.00% | < ₹1 Crore | 0.0000% | −87.77% | 0.59% | +0.80 | #7631 | | FY 2022-23 | 1.53 | 0.0000% | +3.38% | 1.25% | < ₹1 Crore | 0.0000% | −79.41% | 0.10% | +1.39 | #7716 | | FY 2023-24 | 1.53 | 0.0000% | 0.00% | 1.20% | < ₹1 Crore | 0.0000% | +564.29% | 0.53% | +0.60 | #7842 | | FY 2024-25 | 3.37 | 0.0001% | +120.26% | 2.25% | 3.06 | 0.0001% | +229.03% | 1.52% | +0.31 | #7068 | - CAGR (7-year): exports 4.22%/yr, imports 12.00%/yr (consistently Surplus) ## Key trade insights: HSN Code 68141010 export-import analysis ### Consistent export growth: 4.22% CAGR over 7 years India's exports under HSN Code 68141010 have grown at a compound annual rate of 4.22% over 7 fiscal years, rising from ₹2.63 Crore in FY 2018-19 to ₹3.37 Crore in FY 2024-25. ### HSN Code 68141010 ranked #7068 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 68141010 ranks #7068 out of 12657 HSN codes by total export value. Within Sub-Chapter 6814, it ranks #6 of 11. By trade surplus, it ranks #4964 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 68141010 exports The strongest single-year export movement for HSN Code 68141010 was recorded in FY 2024-25, when exports surged by 120.26% over the prior year. ### India maintains a trade surplus of ₹0.31 Crore in HSN Code 68141010 goods In FY 2024-25, India's exports of ₹3.37 Cr exceeded imports of ₹3.06 Cr, resulting in a trade surplus of ₹0.31 Crore — ranking #4964 of 12657 by surplus magnitude. ### Import growth of 12.00% CAGR signals rising demand for Asbestos Textile Fabrics India's imports under HSN Code 68141010 have grown at 12.00% CAGR, reaching ₹3.06 Crore in FY 2024-25. ### HSN Code 68141010 contributes 2.25% of Sub-Chapter 6814 exports — ranked #6 Among the 11 HSN codes under Sub-Chapter 6814, HSN Code 68141010 ranks #6 by export value — accounting for 2.25% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.52% share (rank #5). ## Related HSN Codes in Sub-Chapter 6814 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 68141090: Other Asbestos Textile Materials](https://busy.in/hsn/hsn-68141090/) | ₹70 Cr | | #2 | [HSN Code 68149090: Miscellaneous Cement Articles](https://busy.in/hsn/hsn-68149090/) | ₹57 Cr | | #3 | [HSN Code 68141020: Other Asbestos Textile Articles](https://busy.in/hsn/hsn-68141020/) | ₹8 Cr | | #4 | [HSN Code 68141030: Asbestos Felt and Yarn](https://busy.in/hsn/hsn-68141030/) | ₹5 Cr | | #5 | [HSN Code 68149040: Other Articles of Plaster or Cement](https://busy.in/hsn/hsn-68149040/) | ₹5 Cr | | #6 | HSN Code 68141010: Asbestos Textile Fabrics (this hsn code) | ₹3 Cr | | #7 | [HSN Code 68149030: Articles of Plaster or Cement](https://busy.in/hsn/hsn-68149030/) | < ₹1 Crore | | #8 | [HSN Code 68149010: Reinforced Cement Articles](https://busy.in/hsn/hsn-68149010/) | < ₹1 Crore | | #9 | [HSN Code 68149060: Other Cement Pipes & Articles](https://busy.in/hsn/hsn-68149060/) | < ₹1 Crore | | — | [HSN Code 68149020: Other Reinforced Cement Products](https://busy.in/hsn/hsn-68149020/) | Nil |