--- title: "HSN Code for Asbestos Felt and Yarn | HSN 68141030 GST Rate" description: "Find HSN and GST Rates for 68141030 related to Asbestos Felt and Yarn with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-68141030/" --- # HSN Code 68141030: Asbestos Felt and Yarn - [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 : Washers and discs | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 68141030 ? It includes Other Reinforced Cement Products ### Any common misclassification issue with Asbestos Felt and Yarn? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Asbestos Felt and Yarn is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Asbestos Felt and Yarn; Nil for exempt items if applicable). ### How much GST applies to Asbestos Felt and Yarn? Under HSN 68141030, Asbestos Felt and Yarn attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Asbestos Felt and Yarn? 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. ### Can we claim ITC on inputs used to trade Asbestos Felt and Yarn? 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 68141030 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹5 Cr (+5.27% YoY) — 0.0001% of India's total exports - Imports: < ₹1 Crore (−88.89% YoY) — 0.0000% of India's total imports - Trade balance: ₹5 Cr (Surplus); surplus rank #3722 of 12657 HSN codes - Share of Sub-Chapter 6814: 3.34% of its exports; import side 0.01% - Rank within Sub-Chapter 6814: #4 of 11 by export value; import-side #8 ### Key metrics - Export CAGR: 11.84% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6610 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +74.47% in FY 2022-23 - Contribution to Sub-Ch. 6814: 3.34% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 68141030 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 | 2.55 | 0.0001% | — | 2.09% | < ₹1 Crore | 0.0000% | — | 0.03% | +2.52 | #6670 | | FY 2019-20 | 1.96 | 0.0001% | −23.14% | 1.65% | Nil | 0.0000% | −100.00% | 0.00% | +1.96 | #6955 | | FY 2020-21 | 1.41 | 0.0001% | −28.06% | 1.40% | < ₹1 Crore | 0.0000% | — | 0.01% | +1.40 | #7344 | | FY 2021-22 | 2.35 | 0.0001% | +66.67% | 1.59% | < ₹1 Crore | 0.0000% | +400.00% | 0.04% | +2.30 | #7157 | | FY 2022-23 | 4.10 | 0.0001% | +74.47% | 3.35% | < ₹1 Crore | 0.0000% | +80.00% | 0.06% | +4.01 | #6657 | | FY 2023-24 | 4.74 | 0.0001% | +15.61% | 3.71% | < ₹1 Crore | 0.0000% | 0.00% | 0.05% | +4.65 | #6637 | | FY 2024-25 | 4.99 | 0.0001% | +5.27% | 3.34% | < ₹1 Crore | 0.0000% | −88.89% | 0.01% | +4.98 | #6610 | - CAGR (7-year): exports 11.84%/yr, imports -16.73%/yr (consistently Surplus) ## Key trade insights: HSN Code 68141030 export-import analysis ### Consistent export growth: 11.84% CAGR over 7 years India's exports under HSN Code 68141030 have grown at a compound annual rate of 11.84% over 7 fiscal years, rising from ₹2.55 Crore in FY 2018-19 to ₹4.99 Crore in FY 2024-25. ### HSN Code 68141030 ranked #6610 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 68141030 ranks #6610 out of 12657 HSN codes by total export value. Within Sub-Chapter 6814, it ranks #4 of 11. By trade surplus, it ranks #3722 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 68141030 exports The strongest single-year export movement for HSN Code 68141030 was recorded in FY 2022-23, when exports surged by 74.47% over the prior year. ### India maintains a trade surplus of ₹4.98 Crore in HSN Code 68141030 goods In FY 2024-25, India's exports of ₹4.99 Cr exceeded imports of ₹0.01 Cr, resulting in a trade surplus of ₹4.98 Crore — ranking #3722 of 12657 by surplus magnitude. ### Import growth of -16.73% CAGR signals stable import dependency for Asbestos Felt and Yarn India's imports under HSN Code 68141030 have grown at -16.73% CAGR, reaching ₹0.01 Crore in FY 2024-25. ### HSN Code 68141030 contributes 3.34% of Sub-Chapter 6814 exports — ranked #4 Among the 11 HSN codes under Sub-Chapter 6814, HSN Code 68141030 ranks #4 by export value — accounting for 3.34% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #8). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-68141010/) | ₹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 |