---
title: "HSN Code for Other | Forged Blanks Of Alloy Steel | HSN 72249040 GST Rate"
description: "Find HSN and GST Rates for 72249040 related to Other | Forged Blanks Of Alloy Steel with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72249040/"
---

# HSN Code 72249040: Other | Forged Blanks Of Alloy 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 : Forged blanks of alloy steel | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72249040 ?

It includes Of silicon-electrical steel : Grain-oriented

### Any common misclassification issue with Other / Forged Blanks Of Alloy Steel?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### How should mixed supplies be billed when Other / Forged Blanks Of Alloy Steel is sold with other items?

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).

### Does packaging or labelling change the GST for Other / Forged Blanks Of Alloy 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.

### How much GST applies to Other / Forged Blanks Of Alloy Steel?

Under HSN 72249040, Other / Forged Blanks Of Alloy Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Other / Forged Blanks Of Alloy Steel?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

## India's trade performance: HSN Code 72249040 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹8 Cr (−62.59% YoY) — 0.0002% of India's total exports
- Imports: ₹7 Cr (+1.66% YoY) — 0.0001% of India's total imports
- Trade balance: < ₹1 Crore (Surplus); surplus rank #4631 of 12657 HSN codes
- Share of Sub-Chapter 7224: 0.54% of its exports; import side 2.99%
- Rank within Sub-Chapter 7224: #4 of 7 by export value; import-side #5

### Key metrics

- Export CAGR: 68.06% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #6035 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +1,151.28% in FY 2021-22
- Contribution to Sub-Ch. 7224: 0.54% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72249040

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% | — | 0.15% | 7.16 | 0.0002% | — | 0.69% | −6.80 | #8417 |
| FY 2019-20 | < ₹1 Crore | 0.0000% | +88.89% | 0.85% | 6.27 | 0.0002% | −12.43% | 1.22% | −5.59 | #7958 |
| FY 2020-21 | 1.17 | 0.0001% | +72.06% | 0.44% | 6.39 | 0.0002% | +1.91% | 1.72% | −5.22 | #7521 |
| FY 2021-22 | 14.64 | 0.0005% | +1,151.28% | 12.52% | 14.19 | 0.0003% | +122.07% | 5.14% | +0.45 | #4997 |
| FY 2022-23 | 7.00 | 0.0002% | −52.19% | 2.77% | 13.57 | 0.0002% | −4.37% | 4.59% | −6.57 | #6080 |
| FY 2023-24 | 21.68 | 0.0006% | +209.71% | 7.84% | 7.23 | 0.0001% | −46.72% | 2.17% | +14.45 | #4661 |
| FY 2024-25 | 8.11 | 0.0002% | −62.59% | 0.54% | 7.35 | 0.0001% | +1.66% | 2.99% | +0.76 | #6035 |

- CAGR (7-year): exports 68.06%/yr, imports 0.44%/yr (consistently Surplus)

## Key trade insights: HSN Code 72249040 export-import analysis

### Consistent export growth: 68.06% CAGR over 7 years

India's exports under HSN Code 72249040 have grown at a compound annual rate of 68.06% over 7 fiscal years, rising from ₹0.36 Crore in FY 2018-19 to ₹8.11 Crore in FY 2024-25.

### HSN Code 72249040 ranked #6035 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72249040 ranks #6035 out of 12657 HSN codes by total export value. Within Sub-Chapter 7224, it ranks #4 of 7. By trade surplus, it ranks #4631 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 72249040 exports

The strongest single-year export movement for HSN Code 72249040 was recorded in FY 2021-22, when exports surged by 1,151.28% over the prior year.

### India maintains a trade surplus of ₹0.76 Crore in HSN Code 72249040 goods

In FY 2024-25, India's exports of ₹8.11 Cr exceeded imports of ₹7.35 Cr, resulting in a trade surplus of ₹0.76 Crore — ranking #4631 of 12657 by surplus magnitude.

### Import growth of 0.44% CAGR signals stable import dependency for Other | Forged Blanks Of Alloy Steel

India's imports under HSN Code 72249040 have grown at 0.44% CAGR, reaching ₹7.35 Crore in FY 2024-25.

### HSN Code 72249040 contributes 0.54% of Sub-Chapter 7224 exports — ranked #4

Among the 7 HSN codes under Sub-Chapter 7224, HSN Code 72249040 ranks #4 by export value — accounting for 0.54% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.99% share (rank #5).

## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-72249010/) | < ₹1 Crore |