--- title: "HSN Code for Other | Of Tool Steel Quality | HSN 72249010 GST Rate" description: "Find HSN and GST Rates for 72249010 related to Other | Of Tool Steel Quality with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72249010/" --- # HSN Code 72249010: Other | Of Tool Steel Quality - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/) - [Sub-chapter 7224: Other alloy steel products](https://busy.in/hsn/sub-chapter-7224/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other : Of tool steel quality | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72249010 ? It includes Other | Forged Blanks Of Alloy Steel ### Any common misclassification issue with Other / Of Tool Steel Quality? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Other / Of Tool Steel Quality? 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. ### How should mixed supplies be billed when Other / Of Tool Steel Quality is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other / Of Tool Steel Quality; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Other / Of Tool Steel Quality? 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 Other / Of Tool Steel Quality? Under HSN 72249010, Other / Of Tool Steel Quality attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 72249010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−14.29% YoY) — 0.0000% of India's total exports - Imports: ₹47 Cr (−29.50% YoY) — 0.0008% of India's total imports - Trade balance: −₹47 Cr (Deficit); surplus rank #10200 of 12657 HSN codes - Share of Sub-Chapter 7224: 0.04% of its exports; import side 19.24% - Rank within Sub-Chapter 7224: #7 of 7 by export value; import-side #4 ### Key metrics - Export CAGR: 18.20% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8687 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,725.00% in FY 2021-22 - Contribution to Sub-Ch. 7224: 0.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72249010 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. 7224 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7224 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.09% | 91.38 | 0.0025% | — | 8.85% | −91.16 | #8751 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −4.55% | 0.26% | 52.07 | 0.0016% | −43.02% | 10.11% | −51.86 | #8811 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −80.95% | 0.01% | 33.88 | 0.0012% | −34.93% | 9.12% | −33.84 | #9622 | | FY 2021-22 | 1.13 | 0.0000% | +2,725.00% | 0.97% | 68.08 | 0.0015% | +100.94% | 24.67% | −66.95 | #7870 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −50.44% | 0.22% | 49.68 | 0.0009% | −27.03% | 16.79% | −49.12 | #8594 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +25.00% | 0.25% | 67.06 | 0.0012% | +34.98% | 20.12% | −66.36 | #8541 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −14.29% | 0.04% | 47.28 | 0.0008% | −29.50% | 19.24% | −46.68 | #8687 | - CAGR (7-year): exports 18.20%/yr, imports -10.40%/yr (consistently Deficit) ## Key trade insights: HSN Code 72249010 export-import analysis ### Consistent export growth: 18.20% CAGR over 7 years India's exports under HSN Code 72249010 have grown at a compound annual rate of 18.20% over 7 fiscal years, rising from ₹0.22 Crore in FY 2018-19 to ₹0.60 Crore in FY 2024-25. ### HSN Code 72249010 ranked #8687 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72249010 ranks #8687 out of 12657 HSN codes by total export value. Within Sub-Chapter 7224, it ranks #7 of 7. By trade surplus, it ranks #10200 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72249010 exports The strongest single-year export movement for HSN Code 72249010 was recorded in FY 2021-22, when exports surged by 2,725.00% over the prior year. ### India records a trade deficit of ₹46.68 Crore in HSN Code 72249010 goods In FY 2024-25, India's imports of ₹47.28 Cr exceeded exports of ₹0.60 Cr, resulting in a trade deficit of ₹46.68 Crore — ranking #10200 of 12657 by surplus magnitude. ### Import growth of -10.40% CAGR signals stable import dependency for Other | Of Tool Steel Quality India's imports under HSN Code 72249010 have grown at -10.40% CAGR, reaching ₹47.28 Crore in FY 2024-25. ### HSN Code 72249010 contributes 0.04% of Sub-Chapter 7224 exports — ranked #7 Among the 7 HSN codes under Sub-Chapter 7224, HSN Code 72249010 ranks #7 by export value — accounting for 0.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 19.24% share (rank #4). ## Related HSN Codes in Sub-Chapter 7224 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72249099: Semi-finished products of other alloy steel \| Other](https://busy.in/hsn/hsn-72249099/) | ₹1,417 Cr | | #2 | [HSN Code 72241000: Ingots And Other Primary Forms](https://busy.in/hsn/hsn-72241000/) | ₹59 Cr | | #3 | [HSN Code 72249091: Other \| Other \| Billets](https://busy.in/hsn/hsn-72249091/) | ₹12 Cr | | #4 | [HSN Code 72249040: Other \| Forged Blanks Of Alloy Steel](https://busy.in/hsn/hsn-72249040/) | ₹8 Cr | | #5 | [HSN Code 72249020: Other \| Of Die Steel Quality](https://busy.in/hsn/hsn-72249020/) | ₹3 Cr | | #6 | [HSN Code 72249030: Cobalt bearing steel](https://busy.in/hsn/hsn-72249030/) | < ₹1 Crore | | #7 | HSN Code 72249010: Other \| Of Tool Steel Quality (this hsn code) | < ₹1 Crore |