--- title: "HSN Code for Cobalt bearing steel | HSN 72249030 GST Rate" description: "Find HSN and GST Rates for 72249030 related to Cobalt bearing steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72249030/" --- # HSN Code 72249030: Cobalt bearing steel - [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 cobalt bearing high speed steel quality | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72249030 ? It includes Semi-finished products of other alloy steel | Other ### How should mixed supplies be billed when Cobalt bearing steel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cobalt bearing steel; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Cobalt bearing steel? 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. ### Any common misclassification issue with Cobalt bearing steel? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Cobalt bearing steel? 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. ### Can we claim ITC on inputs used to trade Cobalt bearing steel? 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 Cobalt bearing steel? Under HSN 72249030, Cobalt bearing steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 72249030 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (0.00% YoY) — 0.0000% of India's total exports - Imports: Nil (−100.00% YoY) — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #4610 of 12657 HSN codes - Share of Sub-Chapter 7224: 0.05% of its exports; import side 0.00% - Rank within Sub-Chapter 7224: #6 of 7 by export value ### Key metrics - Export CAGR: 46.47% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8446 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +242.86% in FY 2020-21 - Contribution to Sub-Ch. 7224: 0.05% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72249030 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% | — | 0.03% | < ₹1 Crore | 0.0000% | — | 0.00% | +0.07 | #9301 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −12.50% | 0.09% | Nil | 0.0000% | −100.00% | 0.00% | +0.07 | #9335 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +242.86% | 0.09% | < ₹1 Crore | 0.0000% | — | 0.05% | +0.07 | #8755 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +75.00% | 0.36% | Nil | 0.0000% | −100.00% | 0.00% | +0.42 | #8700 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +114.29% | 0.36% | Nil | 0.0000% | — | 0.00% | +0.90 | #8199 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −12.22% | 0.29% | 14.14 | 0.0003% | — | 4.24% | −13.35 | #8443 | | FY 2024-25 | < ₹1 Crore | 0.0000% | 0.00% | 0.05% | Nil | 0.0000% | −100.00% | 0.00% | +0.79 | #8446 | - CAGR (7-year): exports 46.47%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 72249030 export-import analysis ### Consistent export growth: 46.47% CAGR over 7 years India's exports under HSN Code 72249030 have grown at a compound annual rate of 46.47% over 7 fiscal years, rising from ₹0.08 Crore in FY 2018-19 to ₹0.79 Crore in FY 2024-25. ### HSN Code 72249030 ranked #8446 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72249030 ranks #8446 out of 12657 HSN codes by total export value. Within Sub-Chapter 7224, it ranks #6 of 7. By trade surplus, it ranks #4610 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 72249030 exports The strongest single-year export movement for HSN Code 72249030 was recorded in FY 2020-21, when exports surged by 242.86% over the prior year. ### India maintains a trade surplus of ₹0.79 Crore in HSN Code 72249030 goods In FY 2024-25, India's exports of ₹0.79 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.79 Crore — ranking #4610 of 12657 by surplus magnitude. ### HSN Code 72249030 contributes 0.05% of Sub-Chapter 7224 exports — ranked #6 Among the 7 HSN codes under Sub-Chapter 7224, HSN Code 72249030 ranks #6 by export value — accounting for 0.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## 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 (this hsn code) | < ₹1 Crore | | #7 | [HSN Code 72249010: Other \| Of Tool Steel Quality](https://busy.in/hsn/hsn-72249010/) | < ₹1 Crore |