HSN Code 72249010: Other | Of Tool Steel Quality
HSN Code 72249010 represents Other | Of Tool Steel Quality under GST classification. This code helps businesses identify Other | Of Tool Steel Quality correctly for billing, taxation, and trade. With HSN Code 72249010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Of Tool Steel Quality.
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Description of Goods for HSN Code 72249010
HSN Code 72249010 relates to the following description.
What does HSN Code 72249010 not include?
Other | Of Tool Steel Quality does not include products with the following descriptions.
Ingots and other primary forms
Other : Of die steel quality
Other : Of cobalt bearing high speed steel quality
Other : Forged blanks of alloy steel
Other : Other : Billets
Other : Other : Other
India’s Trade Performance — HSN Code 72249010 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹47 Cr
0.0008% of India’s total imports
Trade Balance
FY 2024-25−₹47 Cr
Surplus rank #10200 of 12657 HSN codes
% of Sub-Chapter 7224
FY 2024-250.04%
Share of Sub-Chapter 7224’s total exports in FY 2024-25
Import side: 19.24% of Sub-Chapter 7224’s imports
Rank Within Sub-Chapter 7224
FY 2024-25#7 of 7
Position by export value among HSN codes in Sub-Chapter 7224
Import-side rank: #4 of 7
At a glance
18.20%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8687
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+2,725.00%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.04%
Contribution to Sub-Ch. 7224
Share of Sub-Chapter 7224 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−91.16
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.09% of Sub-Ch. 7224
Imports
91.38 ₹ Cr
0.0025% share
— YoY
8.85% of Sub-Ch. 7224
Balance
−51.86
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−4.55% YoY
0.26% of Sub-Ch. 7224
Imports
52.07 ₹ Cr
0.0016% share
−43.02% YoY
10.11% of Sub-Ch. 7224
Balance
−33.84
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−80.95% YoY
0.01% of Sub-Ch. 7224
Imports
33.88 ₹ Cr
0.0012% share
−34.93% YoY
9.12% of Sub-Ch. 7224
Balance
−66.95
Exports
1.13 ₹ Cr
0.0000% share
+2,725.00% YoY
0.97% of Sub-Ch. 7224
Imports
68.08 ₹ Cr
0.0015% share
+100.94% YoY
24.67% of Sub-Ch. 7224
Balance
−49.12
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−50.44% YoY
0.22% of Sub-Ch. 7224
Imports
49.68 ₹ Cr
0.0009% share
−27.03% YoY
16.79% of Sub-Ch. 7224
Balance
−66.36
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+25.00% YoY
0.25% of Sub-Ch. 7224
Imports
67.06 ₹ Cr
0.0012% share
+34.98% YoY
20.12% of Sub-Ch. 7224
Balance
−46.68
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−14.29% YoY
0.04% of Sub-Ch. 7224
Imports
47.28 ₹ Cr
0.0008% share
−29.50% YoY
19.24% of Sub-Ch. 7224
CAGR · 7-Year
Exports
18.20% /yr
Imports
−10.40% /yr
reference, FY 2024-25
Export
₹1,500.26 Cr
Import
₹245.74 Cr
Trade Balance
+1,254.52
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72249010 and GST compliance.
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.