HSN Code 68141030: Asbestos Felt and Yarn

HSN Code 68141030 represents Asbestos Felt and Yarn under GST classification. This code helps businesses identify Asbestos Felt and Yarn correctly for billing, taxation, and trade. With HSN Code 68141030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Asbestos Felt and Yarn.

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Description of Goods for HSN Code 68141030

HSN Code 68141030 relates to the following description.

Description of Goods

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

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 68141030 not include?

Asbestos Felt and Yarn does not include products with the following descriptions.

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

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 : Other

India’s Trade Performance — HSN Code 68141030 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

₹5 Cr

+5.27% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−88.89% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹5 Cr

Trade Surplus

Surplus rank #3722 of 12657 HSN codes

% of Sub-Chapter 6814

FY 2024-25

3.34%

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

Import side: 0.01% of Sub-Chapter 6814’s imports

Rank Within Sub-Chapter 6814

FY 2024-25

#4 of 11

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

Import-side rank: #8 of 11

At a glance

11.84%

Export CAGR

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

#6610

National Export Rank

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

+74.47%

Peak Growth Year

FY 2022-23 · strongest single-year move

3.34%

Contribution to Sub-Ch. 6814

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6670

Balance

+2.52

Exports

2.55 ₹ Cr

0.0001% share

YoY

2.09% of Sub-Ch. 6814

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.03% of Sub-Ch. 6814

FY 2019-20 Exp. Rank #6955

Balance

+1.96

Exports

1.96 ₹ Cr

0.0001% share

−23.14% YoY

1.65% of Sub-Ch. 6814

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 6814

FY 2020-21 Exp. Rank #7344

Balance

+1.40

Exports

1.41 ₹ Cr

0.0001% share

−28.06% YoY

1.40% of Sub-Ch. 6814

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.01% of Sub-Ch. 6814

FY 2021-22 Exp. Rank #7157

Balance

+2.30

Exports

2.35 ₹ Cr

0.0001% share

+66.67% YoY

1.59% of Sub-Ch. 6814

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+400.00% YoY

0.04% of Sub-Ch. 6814

FY 2022-23 Exp. Rank #6657

Balance

+4.01

Exports

4.10 ₹ Cr

0.0001% share

+74.47% YoY

3.35% of Sub-Ch. 6814

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+80.00% YoY

0.06% of Sub-Ch. 6814

FY 2023-24 Exp. Rank #6637

Balance

+4.65

Exports

4.74 ₹ Cr

0.0001% share

+15.61% YoY

3.71% of Sub-Ch. 6814

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.05% of Sub-Ch. 6814

FY 2024-25 Exp. Rank #6610

Balance

+4.98

Exports

4.99 ₹ Cr

0.0001% share

+5.27% YoY

3.34% of Sub-Ch. 6814

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−88.89% YoY

0.01% of Sub-Ch. 6814

CAGR · 7-Year

Exports

11.84% /yr

Imports

−16.73% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 68141030 and GST compliance.

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.

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.