HSN Code 70102000 represents Wollastonite Fibres under GST classification. This code helps businesses identify Wollastonite Fibres correctly for billing, taxation, and trade. With HSN Code 70102000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wollastonite Fibres.
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HSN Code 70102000 relates to the following description.
Description of Goods
Stoppers, lids and other closures
Chapter
70 - Glass and glassware
Sub Chapter
7010 - Carboys, bottles, flasks, jars, pots, phials, ampoules and other containers, of glass, of a kind used for the conveyance or packing of goods; preserving jars of glass; stoppers, lids and other closures, of glass
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Wollastonite Fibres does not include products with the following descriptions.
Ampoules
Other
India’s Exports
FY 2024-25₹14 Cr
0.0004% of India’s total exports
India’s Imports
FY 2024-25₹18 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25−₹4 Cr
Surplus rank #8491 of 12657 HSN codes
% of Sub-Chapter 7010
FY 2024-250.38%
Share of Sub-Chapter 7010’s total exports in FY 2024-25
Import side: 1.79% of Sub-Chapter 7010’s imports
Rank Within Sub-Chapter 7010
FY 2024-25#3 of 3
Position by export value among HSN codes in Sub-Chapter 7010
Import-side rank: #3 of 3
At a glance
25.77%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5357
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+78.24%
Peak Growth Year
FY 2024-25 · strongest single-year move
0.38%
Contribution to Sub-Ch. 7010
Share of Sub-Chapter 7010 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−28.00
Exports
3.54 ₹ Cr
0.0002% share
— YoY
0.21% of Sub-Ch. 7010
Imports
31.54 ₹ Cr
0.0009% share
— YoY
6.60% of Sub-Ch. 7010
Balance
−16.04
Exports
4.73 ₹ Cr
0.0002% share
+33.62% YoY
0.29% of Sub-Ch. 7010
Imports
20.77 ₹ Cr
0.0006% share
−34.15% YoY
3.29% of Sub-Ch. 7010
Balance
−22.10
Exports
6.42 ₹ Cr
0.0003% share
+35.73% YoY
0.35% of Sub-Ch. 7010
Imports
28.52 ₹ Cr
0.0010% share
+37.31% YoY
4.49% of Sub-Ch. 7010
Balance
−38.76
Exports
5.54 ₹ Cr
0.0002% share
−13.71% YoY
0.23% of Sub-Ch. 7010
Imports
44.30 ₹ Cr
0.0010% share
+55.33% YoY
6.30% of Sub-Ch. 7010
Balance
−22.75
Exports
7.02 ₹ Cr
0.0002% share
+26.71% YoY
0.24% of Sub-Ch. 7010
Imports
29.77 ₹ Cr
0.0005% share
−32.80% YoY
4.66% of Sub-Ch. 7010
Balance
−20.17
Exports
7.86 ₹ Cr
0.0002% share
+11.97% YoY
0.22% of Sub-Ch. 7010
Imports
28.03 ₹ Cr
0.0005% share
−5.84% YoY
3.31% of Sub-Ch. 7010
Balance
−3.98
Exports
14.01 ₹ Cr
0.0004% share
+78.24% YoY
0.38% of Sub-Ch. 7010
Imports
17.99 ₹ Cr
0.0003% share
−35.82% YoY
1.79% of Sub-Ch. 7010
CAGR · 7-Year
Exports
25.77% /yr
Imports
−8.93% /yr
reference, FY 2024-25
Export
₹3,666.94 Cr
Import
₹1,003.91 Cr
Trade Balance
+2,663.03
India's exports under HSN Code 70102000 have grown at a compound annual rate of 25.77% over 7 fiscal years, rising from ₹3.54 Crore in FY 2018-19 to ₹14.01 Crore in FY 2024-25.
In FY 2024-25, HSN Code 70102000 ranks #5357 out of 12657 HSN codes by total export value. Within Sub-Chapter 7010, it ranks #3 of 3. By trade surplus, it ranks #8491 of 12657.
The strongest single-year export movement for HSN Code 70102000 was recorded in FY 2024-25, when exports surged by 78.24% over the prior year.
In FY 2024-25, India's imports of ₹17.99 Cr exceeded exports of ₹14.01 Cr, resulting in a trade deficit of ₹3.98 Crore — ranking #8491 of 12657 by surplus magnitude.
India's imports under HSN Code 70102000 have grown at −8.93% CAGR, reaching ₹17.99 Crore in FY 2024-25.
Among the 3 HSN codes under Sub-Chapter 7010, HSN Code 70102000 ranks #3 by export value — accounting for 0.38% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.79% share (rank #3).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 70102000 and GST compliance.
It includes Knitted Glass Fabrics
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wollastonite Fibres; Nil for exempt items if applicable).
Under HSN 70102000, Wollastonite Fibres attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.