--- title: "HSN Code for Semi-finished products of other alloy steel | Other | HSN 72249099 GST Rate" description: "Find HSN and GST Rates for 72249099 related to Semi-finished products of other alloy steel | Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72249099/" --- # HSN Code 72249099: Semi-finished products of other alloy steel | Other - [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 : Other : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72249099 ? It includes Of silicon-electrical steel: Other: Cold rolled ### Do e‑way bill and e‑invoice apply for Semi-finished products of other alloy steel / Other? 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. ### How much GST applies to Semi-finished products of other alloy steel / Other? Under HSN 72249099, Semi-finished products of other alloy steel / Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Semi-finished products of other alloy steel / Other? 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. ### Any common misclassification issue with Semi-finished products of other alloy steel / Other? 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 Semi-finished products of other alloy steel / Other is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Semi-finished products of other alloy steel / Other; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Semi-finished products of other alloy steel / Other? 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 72249099 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1,417 Cr (+924.84% YoY) — 0.0385% of India's total exports - Imports: ₹60 Cr (+25.89% YoY) — 0.0010% of India's total imports - Trade balance: ₹1,357 Cr (Surplus); surplus rank #280 of 12657 HSN codes - Share of Sub-Chapter 7224: 94.47% of its exports; import side 24.55% - Rank within Sub-Chapter 7224: #1 of 7 by export value; import-side #2 ### Key metrics - Export CAGR: 41.03% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #385 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +924.84% in FY 2024-25 - Contribution to Sub-Ch. 7224: 94.47% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72249099 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 | 180.11 | 0.0079% | — | 72.62% | 139.45 | 0.0039% | — | 13.51% | +40.66 | #1417 | | FY 2019-20 | 48.54 | 0.0022% | −73.05% | 60.74% | 44.31 | 0.0013% | −68.23% | 8.61% | +4.23 | #2910 | | FY 2020-21 | 86.26 | 0.0040% | +77.71% | 32.14% | 15.89 | 0.0005% | −64.14% | 4.28% | +70.37 | #2227 | | FY 2021-22 | 23.97 | 0.0008% | −72.21% | 20.50% | 38.97 | 0.0009% | +145.25% | 14.12% | −15.00 | #4355 | | FY 2022-23 | 32.19 | 0.0009% | +34.29% | 12.72% | 83.33 | 0.0014% | +113.83% | 28.17% | −51.14 | #4073 | | FY 2023-24 | 138.29 | 0.0038% | +329.61% | 49.99% | 47.93 | 0.0009% | −42.48% | 14.38% | +90.36 | #2205 | | FY 2024-25 | 1,417.25 | 0.0385% | +924.84% | 94.47% | 60.34 | 0.0010% | +25.89% | 24.55% | +1,356.91 | #385 | - CAGR (7-year): exports 41.03%/yr, imports -13.03%/yr (consistently Surplus) ## Key trade insights: HSN Code 72249099 export-import analysis ### Consistent export growth: 41.03% CAGR over 7 years India's exports under HSN Code 72249099 have grown at a compound annual rate of 41.03% over 7 fiscal years, rising from ₹180.11 Crore in FY 2018-19 to ₹1,417.25 Crore in FY 2024-25. ### HSN Code 72249099 ranked #385 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72249099 ranks #385 out of 12657 HSN codes by total export value. Within Sub-Chapter 7224, it ranks #1 of 7. By trade surplus, it ranks #280 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 72249099 exports The strongest single-year export movement for HSN Code 72249099 was recorded in FY 2024-25, when exports surged by 924.84% over the prior year. ### India maintains a trade surplus of ₹1,356.91 Crore in HSN Code 72249099 goods In FY 2024-25, India's exports of ₹1,417.25 Cr exceeded imports of ₹60.34 Cr, resulting in a trade surplus of ₹1,356.91 Crore — ranking #280 of 12657 by surplus magnitude. ### Import growth of -13.03% CAGR signals stable import dependency for Semi-finished products of other alloy steel | Other India's imports under HSN Code 72249099 have grown at -13.03% CAGR, reaching ₹60.34 Crore in FY 2024-25. ### HSN Code 72249099 contributes 94.47% of Sub-Chapter 7224 exports — ranked #1 Among the 7 HSN codes under Sub-Chapter 7224, HSN Code 72249099 ranks #1 by export value — accounting for 94.47% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 24.55% share (rank #2). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-72249040/) | ₹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 |