2524 HSN Code: Asbestos

HSN Sub Chapter 2524 represents Asbestos under GST classification. This code helps businesses identify Asbestos correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2524, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Asbestos.

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New GST Rate for HSN Code 2524

GST Rate for Asbestos under HSN Code 2524. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

25

HSN Code

2524

HSN Description

Asbestos

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 2524

Following tariff HSN codes fall under Asbestos.

Tariff HSN

25240011

Description

Asbestos - asbestos: asbestos in rock form: chrysotile

Tariff HSN

25240012

Description

Asbestos - asbestos: asbestos in rock form: amphibole

Tariff HSN

25240019

Description

Asbestos - asbestos: asbestos in rock form: other

Tariff HSN

25240021

Description

Asbestos - asbestos: fibre raw, beaten or washed or graded to length : chrysolite

Tariff HSN

25240022

Description

Asbestos - asbestos: fibre raw, beaten or washed or graded to length : amosite

Tariff HSN

25240029

Description

Asbestos - asbestos: fibre raw, beaten or washed or graded to length : other

Tariff HSN

25240031

Description

Asbestos - asbestos: flakes or powder: amosite

Tariff HSN

25240039

Description

Asbestos - asbestos: flakes or powder: other

Tariff HSN

25240091

Description

Asbestos - asbestos: other: waste

Tariff HSN

25240099

Description

Asbestos - asbestos: other: other

Tariff HSN

25241000

Description

Asbestos - crocidolite

Tariff HSN

25241010

Description

Crocidolite

Tariff HSN

25249011

Description

Other: In rock form: Chrysotile

Tariff HSN

25249012

Description

Other: In rock form: Amphibole

Tariff HSN

25249013

Description

Other: In rock form: Crysolite

Tariff HSN

25249014

Description

Other: In rock form: Amosite

Tariff HSN

25249019

Description

Other: In rock form: Other

Tariff HSN

25249021

Description

Other: Fibre raw, beaten or washed or graded to length: Chrysotile

Tariff HSN

25249022

Description

Other: Fibre raw, beaten or washed or graded to length: Amphibole

Tariff HSN

25249023

Description

Other: Fibre raw, beaten or washed or graded to length: Crysolite

Tariff HSN

25249024

Description

Other: Fibre raw, beaten or washed or graded to length: Amosite

Tariff HSN

25249029

Description

Other: Fibre raw, beaten or washed or graded to length: Other

Tariff HSN

25249031

Description

Other: Flakes or powder: Chrysotile

Tariff HSN

25249032

Description

Other: Flakes or powder: Amphibole

Tariff HSN

25249033

Description

Other: Flakes or powder: Crysolite

Tariff HSN

25249034

Description

Other: Flakes or powder: Amosite

Tariff HSN

25249039

Description

Other: Flakes or powder: Other

Tariff HSN

25249091

Description

Other: Other: Waste

Tariff HSN

25249099

Description

Other: Other: Other

India’s Trade Performance — HSN Sub-Chapter 2524 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

< ₹1 Crore

−99.75% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹2,119 Cr

−8.92% vs FY 2023-24

0.0347% of India’s total imports

Trade Balance

FY 2024-25

−₹2,119 Cr

Trade Deficit

Surplus rank #1035 of 1233 subchapters

% of Chapter 25

FY 2024-25

0.00%

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

Import side: 5.04% of Chapter 25’s imports

Rank Within Chapter 25

FY 2024-25

#29 of 29

Position by export value among subchapters in Chapter 25

Import-side rank: #5 of 29

At a glance

−57.49%

Export CAGR

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

#1193

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+466.67%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.00%

Contribution to Ch. 25

Share of Chapter 25 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2524

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 #1076

Balance

−1,221.92

Exports

3.39 ₹ Cr

0.0001% share

— YoY

0.02% of Ch. 25

Imports

1,225.31 ₹ Cr

0.0341% share

— YoY

6.15% of Ch. 25

FY 2019-20 Exp. Rank #1076

Balance

−1,240.13

Exports

3.10 ₹ Cr

0.0001% share

−8.55% YoY

0.02% of Ch. 25

Imports

1,243.23 ₹ Cr

0.0371% share

+1.46% YoY

6.69% of Ch. 25

FY 2020-21 Exp. Rank #1118

Balance

−1,183.91

Exports

1.20 ₹ Cr

0.0001% share

−61.29% YoY

0.01% of Ch. 25

Imports

1,185.11 ₹ Cr

0.0407% share

−4.67% YoY

6.84% of Ch. 25

FY 2021-22 Exp. Rank #1044

Balance

−1,656.34

Exports

6.80 ₹ Cr

0.0002% share

+466.67% YoY

0.04% of Ch. 25

Imports

1,663.14 ₹ Cr

0.0364% share

+40.34% YoY

5.54% of Ch. 25

FY 2022-23 Exp. Rank #975

Balance

−2,272.30

Exports

21.74 ₹ Cr

0.0006% share

+219.71% YoY

0.11% of Ch. 25

Imports

2,294.04 ₹ Cr

0.0399% share

+37.93% YoY

6.06% of Ch. 25

FY 2023-24 Exp. Rank #1053

Balance

−2,317.89

Exports

8.15 ₹ Cr

0.0002% share

−62.51% YoY

0.04% of Ch. 25

Imports

2,326.04 ₹ Cr

0.0414% share

+1.39% YoY

6.60% of Ch. 25

FY 2024-25 Exp. Rank #1193

Balance

−2,118.51

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.75% YoY

0.00% of Ch. 25

Imports

2,118.53 ₹ Cr

0.0347% share

−8.92% YoY

5.04% of Ch. 25

CAGR · 7-Year

Exports

−57.49% /yr

Imports

9.55% /yr

Consistently Deficit
Chapter 25 total

reference, FY 2024-25

Export

₹17,254.80 Cr

Import

₹42,072.00 Cr

Trade Balance

−24,817.20

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

Key Trade Insights: HSN Sub-Chapter 2524 Export-Import Analysis

Export Decline: −57.49% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2524 have declined at a compound annual rate of −57.49% over 7 fiscal years, falling from ₹3.39 Crore in FY 2018-19 to ₹0.02 Crore in FY 2024-25.

HSN Sub-Chapter 2524 Ranked #1193 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2524 ranks #1193 out of 1233 subchapters by total export value. Within Chapter 25, it ranks #29 of 29. By trade surplus, it ranks #1035 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 2524 Exports

The strongest single-year export movement for HSN Sub-Chapter 2524 was recorded in FY 2021-22, when exports surged by 466.67% over the prior year.

India Records a Trade Deficit of ₹2,118.51 Crore in HSN Sub-Chapter 2524 Goods

In FY 2024-25, India's imports of ₹2,118.53 Cr exceeded exports of ₹0.02 Cr, resulting in a trade deficit of ₹2,118.51 Crore — ranking #1035 of 1233 by surplus magnitude.

Import Growth of 9.55% CAGR Signals Stable Import Dependency for Asbestos

India's imports under HSN Sub-Chapter 2524 have grown at 9.55% CAGR, reaching ₹2,118.53 Crore in FY 2024-25.

HSN Sub-Chapter 2524 Contributes 0.00% of Chapter 25 Exports — Ranked #29

Among the 29 subchapters under Chapter 25, HSN Sub-Chapter 2524 ranks #29 by export value — accounting for 0.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 5.04% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2524 and GST compliance.

What products are classified under HSN 2524

It includes Asbestos

How do I bill a kit or combo that includes Asbestos?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

How should I document Asbestos sent for job work?

Use a delivery challan for sending Asbestos to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

If I repair and return Asbestos, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

What are the e‑way bill and e‑invoice points while moving Asbestos?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

Is the composition scheme suitable if I mainly trade Asbestos?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

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.

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