What products are classified under HSN 72249040 ?
It includes Of silicon-electrical steel : Grain-oriented
HSN Code 72249040 represents Other | Forged Blanks Of Alloy Steel under GST classification. This code helps businesses identify Other | Forged Blanks Of Alloy Steel correctly for billing, taxation, and trade. With HSN Code 72249040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other | Forged Blanks Of Alloy Steel.
HSN Code 72249040 relates to the following description:
| 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 | Other : Forged blanks of alloy steel | 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 | Other : Forged blanks of alloy steel | 9% | 9% | 18% | 0% |
Other | Forged Blanks Of Alloy Steel does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Ingots and other primary forms | |
| Ingots and other primary forms | |
| Other : Of tool steel quality | |
| Other : Of tool steel quality | |
| Other : Of die steel quality | |
| Other : Of die steel quality | |
| Other : Of cobalt bearing high speed steel quality | |
| Other : Of cobalt bearing high speed steel quality | |
| Other : Other : Billets | |
| Other : Other : Billets | |
| Other : Other : Other | |
| Other : Other : Other |
Ingots and other primary forms
Ingots and other primary forms
Other : Of tool steel quality
Other : Of tool steel quality
Other : Of die steel quality
Other : Of die steel quality
Other : Of cobalt bearing high speed steel quality
Other : Of cobalt bearing high speed steel quality
Other : Other : Billets
Other : Other : Billets
Other : Other : Other
Other : Other : Other
It includes Of silicon-electrical steel : Grain-oriented
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other / Forged Blanks Of Alloy Steel; Nil for exempt items if applicable).
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.
Under HSN 72249040, Other / Forged Blanks Of Alloy Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.