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HSN Code 72249040: Other | Forged Blanks Of Alloy Steel
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 or export of Other | Forged Blanks Of Alloy Steel.
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Description of Goods for HSN Code 72249040
HSN Code 72249040 relates to the following description.
What does HSN Code 72249040 not include?
Other | Forged Blanks Of Alloy Steel does not include products with the following descriptions.
Ingots and other primary forms
Other : Of tool steel quality
Other : Of die steel quality
Other : Of cobalt bearing high speed steel quality
Other : Other : Billets
Other : Other : Other
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India’s Trade Performance — HSN Code 72249040 in FY 2024-25
India’s Exports
FY 2024-25₹8 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹7 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #4631 of 12657 HSN codes
% of Sub-Chapter 7224
FY 2024-250.54%
Share of Sub-Chapter 7224’s total exports in FY 2024-25
Import side: 2.99% of Sub-Chapter 7224’s imports
Rank Within Sub-Chapter 7224
FY 2024-25#4 of 7
Position by export value among HSN codes in Sub-Chapter 7224
Import-side rank: #5 of 7
At a glance
68.06%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6035
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,151.28%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.54%
Contribution to Sub-Ch. 7224
Share of Sub-Chapter 7224 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−6.80
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.15% of Sub-Ch. 7224
Imports
7.16 ₹ Cr
0.0002% share
— YoY
0.69% of Sub-Ch. 7224
Balance
−5.59
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+88.89% YoY
0.85% of Sub-Ch. 7224
Imports
6.27 ₹ Cr
0.0002% share
−12.43% YoY
1.22% of Sub-Ch. 7224
Balance
−5.22
Exports
1.17 ₹ Cr
0.0001% share
+72.06% YoY
0.44% of Sub-Ch. 7224
Imports
6.39 ₹ Cr
0.0002% share
+1.91% YoY
1.72% of Sub-Ch. 7224
Balance
+0.45
Exports
14.64 ₹ Cr
0.0005% share
+1,151.28% YoY
12.52% of Sub-Ch. 7224
Imports
14.19 ₹ Cr
0.0003% share
+122.07% YoY
5.14% of Sub-Ch. 7224
Balance
−6.57
Exports
7.00 ₹ Cr
0.0002% share
−52.19% YoY
2.77% of Sub-Ch. 7224
Imports
13.57 ₹ Cr
0.0002% share
−4.37% YoY
4.59% of Sub-Ch. 7224
Balance
+14.45
Exports
21.68 ₹ Cr
0.0006% share
+209.71% YoY
7.84% of Sub-Ch. 7224
Imports
7.23 ₹ Cr
0.0001% share
−46.72% YoY
2.17% of Sub-Ch. 7224
Balance
+0.76
Exports
8.11 ₹ Cr
0.0002% share
−62.59% YoY
0.54% of Sub-Ch. 7224
Imports
7.35 ₹ Cr
0.0001% share
+1.66% YoY
2.99% of Sub-Ch. 7224
CAGR · 7-Year
Exports
68.06% /yr
Imports
0.44% /yr
reference, FY 2024-25
Export
₹1,500.26 Cr
Import
₹245.74 Cr
Trade Balance
+1,254.52
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).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72249040 and GST compliance.
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.