HSN Code 72241000: Ingots And Other Primary Forms

HSN Code 72241000 represents Ingots And Other Primary Forms under GST classification. This code helps businesses identify Ingots And Other Primary Forms correctly for billing, taxation, and trade. With HSN Code 72241000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Ingots And Other Primary Forms.

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Chapter Number	Chapter Name	Sub Chapter Number	Sub Chapter Name	Description of Goods	CGST (%)	SGST (%)	IGST (%)	CESS (%)
72	Iron and steel	7224	Other alloy steel in ingots or other primary forms; semi-finished products of other alloy steel	Ingots and other primary forms	9%	9%	18%	0%
72	Iron and steel	7224	Other alloy steel in ingots or other primary forms; semi-finished products of other alloy steel	Ingots and other primary forms	9%	9%	18%	0%

Description of goods

Ingots and other primary forms

Chapter

72 – Iron and steel

Sub Chapter

7224 – Other alloy steel in ingots or other primary forms; semi-finished products of other alloy steel

CGST 9%

SGST 9%

IGST 18%

CESS 0%

Description of goods

Ingots and other primary forms

Chapter

72 – Iron and steel

Sub Chapter

7224 – Other alloy steel in ingots or other primary forms; semi-finished products of other alloy steel

CGST 9%

SGST 9%

IGST 18%

CESS 0%

HSN Code	Description
72249010	Other : Of tool steel quality
72249010	Other : Of tool steel quality
72249020	Other : Of die steel quality
72249020	Other : Of die steel quality
72249030	Other : Of cobalt bearing high speed steel quality
72249030	Other : Of cobalt bearing high speed steel quality
72249040	Other : Forged blanks of alloy steel
72249040	Other : Forged blanks of alloy steel
72249091	Other : Other : Billets
72249091	Other : Other : Billets
72249099	Other : Other : Other
72249099	Other : Other : Other

HSN Code 72249010

Other : Of tool steel quality

HSN Code 72249010

Other : Of tool steel quality

HSN Code 72249020

Other : Of die steel quality

HSN Code 72249020

Other : Of die steel quality

HSN Code 72249030

Other : Of cobalt bearing high speed steel quality

HSN Code 72249030

Other : Of cobalt bearing high speed steel quality

HSN Code 72249040

Other : Forged blanks of alloy steel

HSN Code 72249040

Other : Forged blanks of alloy steel

HSN Code 72249091

Other : Other : Billets

HSN Code 72249091

Other : Other : Billets

HSN Code 72249099

Other : Other : Other

HSN Code 72249099

Other : Other : Other

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What products are classified under HSN 72241000 ?

It includes Cobalt bearing steel

How much GST applies to Ingots And Other Primary Forms?

Under HSN 72241000, Ingots And Other Primary Forms attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Ingots And Other Primary Forms?

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.

Can we claim ITC on inputs used to trade Ingots And Other Primary Forms?

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

Does packaging or labelling change the GST for Ingots And Other Primary Forms?

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 Ingots And Other Primary Forms?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

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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