HSN Code 70151020: Flint Buttons for Corrective Spectacle Glasses

HSN Code 70151020 represents Flint Buttons for Corrective Spectacle Glasses under GST classification. This code helps businesses identify Flint Buttons for Corrective Spectacle Glasses correctly for billing, taxation, and trade. With HSN Code 70151020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Flint Buttons for Corrective Spectacle Glasses.

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Description of Goods for HSN Code 70151020

HSN Code 70151020 relates to the following description.

Description of Goods

Glasses for corrective spectacles : Flint button

Chapter

70 - Glass and glassware

Sub Chapter

7015 - Clock or watch glasses and similar glasses, glasses for non-corrective or corrective spectacles, curved, bent, hollowed or the like; not optically worked; hollow glass spheres and their segments, for the manufacture of such glasses

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 70151020 not include?

Flint Buttons for Corrective Spectacle Glasses does not include products with the following descriptions.

Other : Clock and watch glasses and similar glasses, curved, bent, hollowed and the like, glass spheres and segments of spheres for the manufacture of such glasses

India’s Trade Performance — HSN Code 70151020 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

Nil

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

+8.76% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−₹2 Cr

Trade Deficit

Surplus rank #8253 of 12657 HSN codes

% of Sub-Chapter 7015

FY 2024-25

0.00%

Share of Sub-Chapter 7015’s total exports in FY 2024-25

Import side: 3.03% of Sub-Chapter 7015’s imports

At a glance

−100.00%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7015

Share of Sub-Chapter 7015 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 70151020

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

Balance

−11.61

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 7015

Imports

11.61 ₹ Cr

0.0003% share

YoY

16.55% of Sub-Ch. 7015

FY 2019-20

Balance

−8.23

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 7015

Imports

8.23 ₹ Cr

0.0002% share

−29.11% YoY

14.73% of Sub-Ch. 7015

FY 2020-21

Balance

−11.73

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 7015

Imports

11.73 ₹ Cr

0.0004% share

+42.53% YoY

18.94% of Sub-Ch. 7015

FY 2021-22 Exp. Rank #10198

Balance

−5.53

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.60% of Sub-Ch. 7015

Imports

5.54 ₹ Cr

0.0001% share

−52.77% YoY

11.03% of Sub-Ch. 7015

FY 2022-23

Balance

−3.28

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7015

Imports

3.28 ₹ Cr

0.0001% share

−40.79% YoY

7.25% of Sub-Ch. 7015

FY 2023-24

Balance

−2.17

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 7015

Imports

2.17 ₹ Cr

0.0000% share

−33.84% YoY

3.59% of Sub-Ch. 7015

FY 2024-25

Balance

−2.36

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 7015

Imports

2.36 ₹ Cr

0.0000% share

+8.76% YoY

3.03% of Sub-Ch. 7015

CAGR · 7-Year

Exports

Imports

−23.32% /yr

Consistently Deficit
Sub-Chapter 7015 total

reference, FY 2024-25

Export

₹1.01 Cr

Import

₹77.96 Cr

Trade Balance

−76.95

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 70151020 Export-Import Analysis

Export Snapshot for HSN Code 70151020

India exported ₹0.00 Crore worth of Flint Buttons for Corrective Spectacle Glasses in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

FY 2022-23 Was the Strongest Growth Year for HSN Code 70151020 Exports

The strongest single-year export movement for HSN Code 70151020 was recorded in FY 2022-23, when exports declined by 100.00% over the prior year.

India Records a Trade Deficit of ₹2.36 Crore in HSN Code 70151020 Goods

In FY 2024-25, India's imports of ₹2.36 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹2.36 Crore — ranking #8253 of 12657 by surplus magnitude.

Import Growth of −23.32% CAGR Signals Stable Import Dependency for Flint Buttons for Corrective Spectacle Glasses

India's imports under HSN Code 70151020 have grown at −23.32% CAGR, reaching ₹2.36 Crore in FY 2024-25.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 70151020 and GST compliance.

What products are classified under HSN 70151020 ?

It includes Optical Glass of Uncommon Materials

Does packaging or labelling change the GST for Flint Buttons for Corrective Spectacle Glasses?

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.

Any common misclassification issue with Flint Buttons for Corrective Spectacle Glasses?

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 Flint Buttons for Corrective Spectacle Glasses is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Flint Buttons for Corrective Spectacle Glasses; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Flint Buttons for Corrective Spectacle Glasses?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Flint Buttons for Corrective Spectacle Glasses?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

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.