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HSN Code 72249091: Other Alloy Steel Billets

HSN Code 72249091 represents Other Alloy Steel Billets under GST classification. This code helps businesses identify Other Alloy Steel 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 Alloy Steel 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 Alloy Steel Billets does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 72249091 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

₹33 Cr

+173.63% vs FY 2024-25

0.0008% of India’s total exports

India’s Imports

FY 2025-26

₹14 Cr

−81.72% vs FY 2024-25

0.0002% of India’s total imports

Trade Balance

FY 2025-26

₹19 Cr

Trade Surplus

Surplus rank #2941 of 12872 HSN codes

% of Sub-Chapter 7224

FY 2025-26

1.51%

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

Import side: 7.46% of Sub-Chapter 7224’s imports

Rank Within Sub-Chapter 7224

FY 2025-26

#3 of 7

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

Import-side rank: #5 of 7

At a glance

42.84%

Export CAGR

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

#4358

National Export Rank

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

+6,524.40%

Peak Growth Year

FY 2020-21 · strongest single-year move

1.51%

Contribution to Sub-Ch. 7224

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

India Export-Import Trade Statistics for HSN Code 72249091

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 #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

FY 2025-26 Exp. Rank #4358

Balance

+19.10

Exports

33.00 ₹ Cr

0.0008% share

+173.63% YoY

1.51% of Sub-Ch. 7224

Imports

13.90 ₹ Cr

0.0002% share

−81.72% YoY

7.46% of Sub-Ch. 7224

CAGR · 8-Year

Exports

42.84% /yr

Imports

−43.54% /yr

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 72249091 Export-Import Analysis

Consistent Export Growth: 42.84% CAGR Over 8 Years

India's exports under HSN Code 72249091 have grown at a compound annual rate of 42.84% over 8 fiscal years, rising from ₹2.72 Crore in FY 2018-19 to ₹33.00 Crore in FY 2025-26.

HSN Code 72249091 Ranked #4358 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72249091 ranks #4358 out of 12872 HSN codes by total export value. Within Sub-Chapter 7224, it ranks #3 of 7. By trade surplus, it ranks #2941 of 12872.

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 Maintains a Trade Surplus of ₹19.10 Crore in HSN Code 72249091 Goods

In FY 2025-26, India's exports of ₹33.00 Cr exceeded imports of ₹13.90 Cr, resulting in a trade surplus of ₹19.10 Crore — ranking #2941 of 12872 by surplus magnitude.

Import Growth of −43.54% CAGR Signals Stable Import Dependency for Other Alloy Steel Billets

India's imports under HSN Code 72249091 have grown at −43.54% CAGR, reaching ₹13.90 Crore in FY 2025-26.

HSN Code 72249091 Contributes 1.51% 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 1.51% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 7.46% share (rank #5).

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.

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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.