HSN Code 72249091: Other | Other | Billets

HSN Code 72249091 represents Other | Other | Billets under GST classification. This code helps businesses identify Other | Other | Billets correctly for billing, taxation, and trade. With HSN Code 72249091, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Other | Billets.

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Description of Goods for HSN Code 72249091

HSN Code 72249091 relates to the following description.

Description of Goods

Other : Other : Billets

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 72249091 not include?

Other | Other | Billets does not include products with the following descriptions.

India’s Trade Performance — HSN Code 72249091 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹12 Cr

−81.42% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹76 Cr

−44.79% vs FY 2023-24

0.0013% of India’s total imports

Trade Balance

FY 2024-25

−₹64 Cr

Trade Deficit

Surplus rank #10438 of 12657 HSN codes

% of Sub-Chapter 7224

FY 2024-25

0.80%

Share of Sub-Chapter 7224’s total exports in FY 2024-25

Import side: 30.94% of Sub-Chapter 7224’s imports

Rank Within Sub-Chapter 7224

FY 2024-25

#3 of 7

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

Import-side rank: #1 of 7

At a glance

28.17%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#5562

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+6,524.40%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.80%

Contribution to Sub-Ch. 7224

Share of Sub-Chapter 7224 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72249091

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #6590

Balance

−757.76

Exports

2.72 ₹ Cr

0.0001% share

— YoY

1.10% of Sub-Ch. 7224

Imports

760.48 ₹ Cr

0.0212% share

— YoY

73.68% of Sub-Ch. 7224

FY 2019-20 Exp. Rank #6694

Balance

−334.10

Exports

2.50 ₹ Cr

0.0001% share

−8.09% YoY

3.13% of Sub-Ch. 7224

Imports

336.60 ₹ Cr

0.0101% share

−55.74% YoY

65.37% of Sub-Ch. 7224

FY 2020-21 Exp. Rank #1560

Balance

−79.83

Exports

165.61 ₹ Cr

0.0077% share

+6,524.40% YoY

61.70% of Sub-Ch. 7224

Imports

245.44 ₹ Cr

0.0084% share

−27.08% YoY

66.10% of Sub-Ch. 7224

FY 2021-22 Exp. Rank #3845

Balance

+19.21

Exports

35.21 ₹ Cr

0.0011% share

−78.74% YoY

30.11% of Sub-Ch. 7224

Imports

16.00 ₹ Cr

0.0004% share

−93.48% YoY

5.80% of Sub-Ch. 7224

FY 2022-23 Exp. Rank #2056

Balance

+77.93

Exports

149.84 ₹ Cr

0.0041% share

+325.56% YoY

59.20% of Sub-Ch. 7224

Imports

71.91 ₹ Cr

0.0013% share

+349.44% YoY

24.31% of Sub-Ch. 7224

FY 2023-24 Exp. Rank #3173

Balance

−72.81

Exports

64.91 ₹ Cr

0.0018% share

−56.68% YoY

23.46% of Sub-Ch. 7224

Imports

137.72 ₹ Cr

0.0025% share

+91.52% YoY

41.31% of Sub-Ch. 7224

FY 2024-25 Exp. Rank #5562

Balance

−63.98

Exports

12.06 ₹ Cr

0.0003% share

−81.42% YoY

0.80% of Sub-Ch. 7224

Imports

76.04 ₹ Cr

0.0013% share

−44.79% YoY

30.94% of Sub-Ch. 7224

CAGR · 7-Year

Exports

28.17% /yr

Imports

−31.87% /yr

Consistently Deficit
Sub-Chapter 7224 total

reference, FY 2024-25

Export

₹1,500.26 Cr

Import

₹245.74 Cr

Trade Balance

+1,254.52

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

Key Trade Insights: HSN Code 72249091 Export-Import Analysis

Consistent Export Growth: 28.17% CAGR Over 7 Years

India's exports under HSN Code 72249091 have grown at a compound annual rate of 28.17% over 7 fiscal years, rising from ₹2.72 Crore in FY 2018-19 to ₹12.06 Crore in FY 2024-25.

HSN Code 72249091 Ranked #5562 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72249091 ranks #5562 out of 12657 HSN codes by total export value. Within Sub-Chapter 7224, it ranks #3 of 7. By trade surplus, it ranks #10438 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 72249091 Exports

The strongest single-year export movement for HSN Code 72249091 was recorded in FY 2020-21, when exports surged by 6,524.40% over the prior year.

India Records a Trade Deficit of ₹63.98 Crore in HSN Code 72249091 Goods

In FY 2024-25, India's imports of ₹76.04 Cr exceeded exports of ₹12.06 Cr, resulting in a trade deficit of ₹63.98 Crore — ranking #10438 of 12657 by surplus magnitude.

Import Growth of −31.87% CAGR Signals Stable Import Dependency for Other | Other | Billets

India's imports under HSN Code 72249091 have grown at −31.87% CAGR, reaching ₹76.04 Crore in FY 2024-25.

HSN Code 72249091 Contributes 0.80% of Sub-Chapter 7224 Exports — Ranked #3

Among the 7 HSN codes under Sub-Chapter 7224, HSN Code 72249091 ranks #3 by export value — accounting for 0.80% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 30.94% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72249091 and GST compliance.

What products are classified under HSN 72249091 ?

It includes Of silicon-electrical steel : Other : Hot rolled

Can we claim ITC on inputs used to trade Other / Other / Billets?

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

Any common misclassification issue with Other / Other / Billets?

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 Other / Other / Billets?

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 should mixed supplies be billed when Other / Other / Billets is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other / Other / Billets; Nil for exempt items if applicable).

How much GST applies to Other / Other / Billets?

Under HSN 72249091, Other / Other / Billets attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Other / Other / Billets?

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.

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.