HSN Code 68141010: Asbestos Textile Fabrics

HSN Code 68141010 represents Asbestos Textile Fabrics under GST classification. This code helps businesses identify Asbestos Textile Fabrics correctly for billing, taxation, and trade. With HSN Code 68141010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Asbestos Textile Fabrics.

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Description of Goods for HSN Code 68141010

HSN Code 68141010 relates to the following description.

Description of Goods

Plates, sheets and strips of agglomerated or reconstituted mica, whether or not on a support : Cut mica condenser films or plates

Chapter

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

Sub Chapter

6814 - Worked mica and articles of mica, including agglomerated or reconstituted mica, whether or not on a support of paper, paperboard or other materials

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 68141010 not include?

Asbestos Textile Fabrics does not include products with the following descriptions.

Plates, sheets and strips of agglomerated or reconstituted mica, whether or not on a support : Sheets and strips cut to shape

Plates, sheets and strips of agglomerated or reconstituted mica, whether or not on a support : Washers and discs

Plates, sheets and strips of agglomerated or reconstituted mica, whether or not on a support : Other

India’s Trade Performance — HSN Code 68141010 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

₹3 Cr

+120.26% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

+229.03% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4964 of 12657 HSN codes

% of Sub-Chapter 6814

FY 2024-25

2.25%

Share of Sub-Chapter 6814’s total exports in FY 2024-25

Import side: 1.52% of Sub-Chapter 6814’s imports

Rank Within Sub-Chapter 6814

FY 2024-25

#6 of 11

Position by export value among HSN codes in Sub-Chapter 6814

Import-side rank: #5 of 11

At a glance

4.22%

Export CAGR

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

#7068

National Export Rank

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

+120.26%

Peak Growth Year

FY 2024-25 · strongest single-year move

2.25%

Contribution to Sub-Ch. 6814

Share of Sub-Chapter 6814 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6630

Balance

+1.08

Exports

2.63 ₹ Cr

0.0001% share

YoY

2.16% of Sub-Ch. 6814

Imports

1.55 ₹ Cr

0.0000% share

YoY

1.49% of Sub-Ch. 6814

FY 2019-20 Exp. Rank #7486

Balance

−2.22

Exports

1.13 ₹ Cr

0.0001% share

−57.03% YoY

0.95% of Sub-Ch. 6814

Imports

3.35 ₹ Cr

0.0001% share

+116.13% YoY

2.93% of Sub-Ch. 6814

FY 2020-21 Exp. Rank #7077

Balance

−3.73

Exports

1.83 ₹ Cr

0.0001% share

+61.95% YoY

1.81% of Sub-Ch. 6814

Imports

5.56 ₹ Cr

0.0002% share

+65.97% YoY

5.00% of Sub-Ch. 6814

FY 2021-22 Exp. Rank #7631

Balance

+0.80

Exports

1.48 ₹ Cr

0.0000% share

−19.13% YoY

1.00% of Sub-Ch. 6814

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−87.77% YoY

0.59% of Sub-Ch. 6814

FY 2022-23 Exp. Rank #7716

Balance

+1.39

Exports

1.53 ₹ Cr

0.0000% share

+3.38% YoY

1.25% of Sub-Ch. 6814

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−79.41% YoY

0.10% of Sub-Ch. 6814

FY 2023-24 Exp. Rank #7842

Balance

+0.60

Exports

1.53 ₹ Cr

0.0000% share

0.00% YoY

1.20% of Sub-Ch. 6814

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+564.29% YoY

0.53% of Sub-Ch. 6814

FY 2024-25 Exp. Rank #7068

Balance

+0.31

Exports

3.37 ₹ Cr

0.0001% share

+120.26% YoY

2.25% of Sub-Ch. 6814

Imports

3.06 ₹ Cr

0.0001% share

+229.03% YoY

1.52% of Sub-Ch. 6814

CAGR · 7-Year

Exports

4.22% /yr

Imports

12.00% /yr

Consistently Surplus
Sub-Chapter 6814 total

reference, FY 2024-25

Export

₹149.56 Cr

Import

₹201.83 Cr

Trade Balance

−52.27

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 68141010 and GST compliance.

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.

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.