--- title: "HSN Code for Optical Elements of Glass Not Optically Worked | HSN 70140020 GST Rate" description: "Find HSN and GST Rates for 70140020 related to Optical Elements of Glass Not Optically Worked with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-70140020/" --- # HSN Code 70140020: Optical Elements of Glass Not Optically Worked - [Section 13: Guide to HSN Section 13](https://busy.in/hsn/section-13/) - [Chapter 70: Glass & Glassware](https://busy.in/hsn/chapter-70/) - [Sub-chapter 7014: Signalling Glassware](https://busy.in/hsn/sub-chapter-7014/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Signalling glassware and optical elements of glass (other than those of heading 7015), not optically worked : Optical elements | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 70140020 ? It includes Other Glass for Corrective or Non-Corrective Spectacles ### How should mixed supplies be billed when Optical Elements of Glass Not Optically Worked is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Optical Elements of Glass Not Optically Worked; Nil for exempt items if applicable). ### Any common misclassification issue with Optical Elements of Glass Not Optically Worked? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Optical Elements of Glass Not Optically Worked? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Optical Elements of Glass Not Optically Worked? Under HSN 70140020, Optical Elements of Glass Not Optically Worked attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Optical Elements of Glass Not Optically Worked? 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. ## India's trade performance: HSN Code 70140020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−98.38% YoY) — 0.0000% of India's total exports - Imports: ₹80 Cr (+296.38% YoY) — 0.0013% of India's total imports - Trade balance: −₹79 Cr (Deficit); surplus rank #10616 of 12657 HSN codes - Share of Sub-Chapter 7014: 43.70% of its exports; import side 88.33% - Rank within Sub-Chapter 7014: #2 of 2 by export value; import-side #1 ### Key metrics - Export CAGR: -56.85% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8703 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,086.17% in FY 2022-23 - Contribution to Sub-Ch. 7014: 43.70% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 70140020 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. 7014 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7014 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 91.43 | 0.0040% | — | 99.65% | 221.43 | 0.0062% | — | 96.59% | −130.00 | #2119 | | FY 2019-20 | 90.92 | 0.0041% | −0.56% | 99.40% | 136.91 | 0.0041% | −38.17% | 91.97% | −45.99 | #2116 | | FY 2020-21 | 60.54 | 0.0028% | −33.41% | 99.64% | 14.67 | 0.0005% | −89.28% | 57.87% | +45.87 | #2661 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −98.45% | 63.09% | 50.58 | 0.0011% | +244.79% | 80.58% | −49.64 | #8038 | | FY 2022-23 | 20.55 | 0.0006% | +2,086.17% | 96.66% | 27.74 | 0.0005% | −45.16% | 64.78% | −7.19 | #4632 | | FY 2023-24 | 36.51 | 0.0010% | +77.66% | 99.86% | 20.19 | 0.0004% | −27.22% | 73.58% | +16.32 | #3973 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −98.38% | 43.70% | 80.03 | 0.0013% | +296.38% | 88.33% | −79.44 | #8703 | - CAGR (7-year): exports -56.85%/yr, imports -15.60%/yr (consistently Deficit) ## Key trade insights: HSN Code 70140020 export-import analysis ### Export decline: -56.85% CAGR over 7 years India's exports under HSN Code 70140020 have declined at a compound annual rate of -56.85% over 7 fiscal years, falling from ₹91.43 Crore in FY 2018-19 to ₹0.59 Crore in FY 2024-25. ### HSN Code 70140020 ranked #8703 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 70140020 ranks #8703 out of 12657 HSN codes by total export value. Within Sub-Chapter 7014, it ranks #2 of 2. By trade surplus, it ranks #10616 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 70140020 exports The strongest single-year export movement for HSN Code 70140020 was recorded in FY 2022-23, when exports surged by 2,086.17% over the prior year. ### India records a trade deficit of ₹79.44 Crore in HSN Code 70140020 goods In FY 2024-25, India's imports of ₹80.03 Cr exceeded exports of ₹0.59 Cr, resulting in a trade deficit of ₹79.44 Crore — ranking #10616 of 12657 by surplus magnitude. ### Import growth of -15.60% CAGR signals stable import dependency for Optical Elements of Glass Not Optically Worked India's imports under HSN Code 70140020 have grown at -15.60% CAGR, reaching ₹80.03 Crore in FY 2024-25. ### HSN Code 70140020 contributes 43.70% of Sub-Chapter 7014 exports — ranked #2 Among the 2 HSN codes under Sub-Chapter 7014, HSN Code 70140020 ranks #2 by export value — accounting for 43.70% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 88.33% share (rank #1). ## Related HSN Codes in Sub-Chapter 7014 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 70140010: Signalling Glassware Not Optically Worked](https://busy.in/hsn/hsn-70140010/) | < ₹1 Crore | | #2 | HSN Code 70140020: Optical Elements of Glass Not Optically Worked (this hsn code) | < ₹1 Crore |