HSN Code 70140020 represents Optical Elements of Glass Not Optically Worked under GST classification. This code helps businesses identify Optical Elements of Glass Not Optically Worked correctly for billing, taxation, and trade. With HSN Code 70140020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Optical Elements of Glass Not Optically Worked.
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HSN Code 70140020 relates to the following description.
Description of Goods
Signalling glassware and optical elements of glass (other than those of heading 7015), not optically worked : Optical elements
Chapter
70 - Glass and glassware
Sub Chapter
7014 - Signalling glassware and optical elements of glass (other than those of heading 7015), not optically worked
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Optical Elements of Glass Not Optically Worked does not include products with the following descriptions.
Signalling glassware and optical elements of glass (other than those of heading 7015), not optically worked : Signalling glassware
Signalling glassware and optical elements of glass (other than those of heading 7015), not optically worked : Signalling glassware
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹80 Cr
0.0013% of India’s total imports
Trade Balance
FY 2024-25−₹79 Cr
Surplus rank #10616 of 12657 HSN codes
% of Sub-Chapter 7014
FY 2024-2543.70%
Share of Sub-Chapter 7014’s total exports in FY 2024-25
Import side: 88.33% of Sub-Chapter 7014’s imports
Rank Within Sub-Chapter 7014
FY 2024-25#2 of 2
Position by export value among HSN codes in Sub-Chapter 7014
Import-side rank: #1 of 2
At a glance
−56.85%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8703
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+2,086.17%
Peak Growth Year
FY 2022-23 · strongest single-year move
43.70%
Contribution to Sub-Ch. 7014
Share of Sub-Chapter 7014 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
−130.00
Exports
91.43 ₹ Cr
0.0040% share
— YoY
99.65% of Sub-Ch. 7014
Imports
221.43 ₹ Cr
0.0062% share
— YoY
96.59% of Sub-Ch. 7014
Balance
−45.99
Exports
90.92 ₹ Cr
0.0041% share
−0.56% YoY
99.40% of Sub-Ch. 7014
Imports
136.91 ₹ Cr
0.0041% share
−38.17% YoY
91.97% of Sub-Ch. 7014
Balance
+45.87
Exports
60.54 ₹ Cr
0.0028% share
−33.41% YoY
99.64% of Sub-Ch. 7014
Imports
14.67 ₹ Cr
0.0005% share
−89.28% YoY
57.87% of Sub-Ch. 7014
Balance
−49.64
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−98.45% YoY
63.09% of Sub-Ch. 7014
Imports
50.58 ₹ Cr
0.0011% share
+244.79% YoY
80.58% of Sub-Ch. 7014
Balance
−7.19
Exports
20.55 ₹ Cr
0.0006% share
+2,086.17% YoY
96.66% of Sub-Ch. 7014
Imports
27.74 ₹ Cr
0.0005% share
−45.16% YoY
64.78% of Sub-Ch. 7014
Balance
+16.32
Exports
36.51 ₹ Cr
0.0010% share
+77.66% YoY
99.86% of Sub-Ch. 7014
Imports
20.19 ₹ Cr
0.0004% share
−27.22% YoY
73.58% of Sub-Ch. 7014
Balance
−79.44
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−98.38% YoY
43.70% of Sub-Ch. 7014
Imports
80.03 ₹ Cr
0.0013% share
+296.38% YoY
88.33% of Sub-Ch. 7014
CAGR · 7-Year
Exports
−56.85% /yr
Imports
−15.60% /yr
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.
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.
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.
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.
India's imports under HSN Code 70140020 have grown at −15.60% CAGR, reaching ₹80.03 Crore in FY 2024-25.
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).
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 70140020 and GST compliance.
It includes Other Glass for Corrective or Non-Corrective Spectacles
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).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 70140020, Optical Elements of Glass Not Optically Worked attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.