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HSN Code 72249030: Semi-Finished Cobalt-Bearing High-Speed Steel Products

HSN Code 72249030 represents Semi-Finished Cobalt-Bearing High-Speed Steel Products under GST classification. This code helps businesses identify Semi-Finished Cobalt-Bearing High-Speed Steel Products correctly for billing, taxation, and trade. With HSN Code 72249030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Semi-Finished Cobalt-Bearing High-Speed Steel Products.

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Description of Goods for HSN Code 72249030

HSN Code 72249030 relates to the following description.

Description of Goods

Other : Of cobalt bearing high speed steel quality

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%

What does HSN Code 72249030 not include?

Semi-Finished Cobalt-Bearing High-Speed Steel Products does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 72249030 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹10 Cr

+1,168.35% vs FY 2024-25

0.0003% of India’s total exports

India’s Imports

FY 2025-26

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2025-26

₹10 Cr

Trade Surplus

Surplus rank #3398 of 12872 HSN codes

% of Sub-Chapter 7224

FY 2025-26

0.46%

Share of Sub-Chapter 7224’s total exports in FY 2025-26

Import side: 0.00% of Sub-Chapter 7224’s imports

Rank Within Sub-Chapter 7224

FY 2025-26

#4 of 7

Position by export value among HSN codes in Sub-Chapter 7224

At a glance

99.38%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#5973

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+1,168.35%

Peak Growth Year

FY 2025-26 · strongest single-year move

0.46%

Contribution to Sub-Ch. 7224

Share of Sub-Chapter 7224 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 72249030

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #9301

Balance

+0.07

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.03% of Sub-Ch. 7224

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7224

FY 2019-20 Exp. Rank #9335

Balance

+0.07

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−12.50% YoY

0.09% of Sub-Ch. 7224

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7224

FY 2020-21 Exp. Rank #8755

Balance

+0.07

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+242.86% YoY

0.09% of Sub-Ch. 7224

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.05% of Sub-Ch. 7224

FY 2021-22 Exp. Rank #8700

Balance

+0.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+75.00% YoY

0.36% of Sub-Ch. 7224

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7224

FY 2022-23 Exp. Rank #8199

Balance

+0.90

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+114.29% YoY

0.36% of Sub-Ch. 7224

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7224

FY 2023-24 Exp. Rank #8443

Balance

−13.35

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−12.22% YoY

0.29% of Sub-Ch. 7224

Imports

14.14 ₹ Cr

0.0003% share

— YoY

4.24% of Sub-Ch. 7224

FY 2024-25 Exp. Rank #8446

Balance

+0.79

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.05% of Sub-Ch. 7224

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7224

FY 2025-26 Exp. Rank #5973

Balance

+10.02

Exports

10.02 ₹ Cr

0.0003% share

+1,168.35% YoY

0.46% of Sub-Ch. 7224

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7224

CAGR · 8-Year

Exports

99.38% /yr

Imports

—

Consistently Surplus
Sub-Chapter 7224 total

reference, FY 2025-26

Export

₹2,190.05 Cr

Import

₹186.45 Cr

Trade Balance

+2,003.60

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

Key Trade Insights: HSN Code 72249030 Export-Import Analysis

Consistent Export Growth: 99.38% CAGR Over 8 Years

India's exports under HSN Code 72249030 have grown at a compound annual rate of 99.38% over 8 fiscal years, rising from ₹0.08 Crore in FY 2018-19 to ₹10.02 Crore in FY 2025-26.

HSN Code 72249030 Ranked #5973 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72249030 ranks #5973 out of 12872 HSN codes by total export value. Within Sub-Chapter 7224, it ranks #4 of 7. By trade surplus, it ranks #3398 of 12872.

FY 2025-26 Was the Strongest Growth Year for HSN Code 72249030 Exports

The strongest single-year export movement for HSN Code 72249030 was recorded in FY 2025-26, when exports surged by 1,168.35% over the prior year.

India Maintains a Trade Surplus of ₹10.02 Crore in HSN Code 72249030 Goods

In FY 2025-26, India's exports of ₹10.02 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹10.02 Crore — ranking #3398 of 12872 by surplus magnitude.

HSN Code 72249030 Contributes 0.46% of Sub-Chapter 7224 Exports — Ranked #4

Among the 7 HSN codes under Sub-Chapter 7224, HSN Code 72249030 ranks #4 by export value — accounting for 0.46% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.00% share.

Frequently Asked Questions

Clear answers to common queries about HSN Code 72249030 and GST compliance.

What products are classified under HSN 72249030 ?

It includes Semi-finished products of other alloy steel | Other

How should mixed supplies be billed when Semi-Finished Cobalt-Bearing High-Speed Steel Products is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Semi-Finished Cobalt-Bearing High-Speed Steel Products; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Semi-Finished Cobalt-Bearing High-Speed Steel Products?

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 Semi-Finished Cobalt-Bearing High-Speed Steel Products?

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 Semi-Finished Cobalt-Bearing High-Speed Steel Products?

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 Semi-Finished Cobalt-Bearing High-Speed Steel Products?

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 Semi-Finished Cobalt-Bearing High-Speed Steel Products?

Under HSN 72249030, Semi-Finished Cobalt-Bearing High-Speed Steel Products attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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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.