HSN Code 72249099: Semi-finished products of other alloy steel | Other

HSN Code 72249099 represents Semi-finished products of other alloy steel | Other under GST classification. This code helps businesses identify Semi-finished products of other alloy steel | Other correctly for billing, taxation, and trade. With HSN Code 72249099, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Semi-finished products of other alloy steel | Other.

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Description of Goods for HSN Code 72249099

HSN Code 72249099 relates to the following description.

Description of Goods

Other : Other : Other

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 72249099 not include?

Semi-finished products of other alloy steel | Other does not include products with the following descriptions.

India’s Trade Performance — HSN Code 72249099 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

₹1,417 Cr

+924.84% vs FY 2023-24

0.0385% of India’s total exports

India’s Imports

FY 2024-25

₹60 Cr

+25.89% vs FY 2023-24

0.0010% of India’s total imports

Trade Balance

FY 2024-25

₹1,357 Cr

Trade Surplus

Surplus rank #280 of 12657 HSN codes

% of Sub-Chapter 7224

FY 2024-25

94.47%

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

Import side: 24.55% of Sub-Chapter 7224’s imports

Rank Within Sub-Chapter 7224

FY 2024-25

#1 of 7

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

Import-side rank: #2 of 7

At a glance

41.03%

Export CAGR

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

#385

National Export Rank

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

+924.84%

Peak Growth Year

FY 2024-25 · strongest single-year move

94.47%

Contribution to Sub-Ch. 7224

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1417

Balance

+40.66

Exports

180.11 ₹ Cr

0.0079% share

— YoY

72.62% of Sub-Ch. 7224

Imports

139.45 ₹ Cr

0.0039% share

— YoY

13.51% of Sub-Ch. 7224

FY 2019-20 Exp. Rank #2910

Balance

+4.23

Exports

48.54 ₹ Cr

0.0022% share

−73.05% YoY

60.74% of Sub-Ch. 7224

Imports

44.31 ₹ Cr

0.0013% share

−68.23% YoY

8.61% of Sub-Ch. 7224

FY 2020-21 Exp. Rank #2227

Balance

+70.37

Exports

86.26 ₹ Cr

0.0040% share

+77.71% YoY

32.14% of Sub-Ch. 7224

Imports

15.89 ₹ Cr

0.0005% share

−64.14% YoY

4.28% of Sub-Ch. 7224

FY 2021-22 Exp. Rank #4355

Balance

−15.00

Exports

23.97 ₹ Cr

0.0008% share

−72.21% YoY

20.50% of Sub-Ch. 7224

Imports

38.97 ₹ Cr

0.0009% share

+145.25% YoY

14.12% of Sub-Ch. 7224

FY 2022-23 Exp. Rank #4073

Balance

−51.14

Exports

32.19 ₹ Cr

0.0009% share

+34.29% YoY

12.72% of Sub-Ch. 7224

Imports

83.33 ₹ Cr

0.0014% share

+113.83% YoY

28.17% of Sub-Ch. 7224

FY 2023-24 Exp. Rank #2205

Balance

+90.36

Exports

138.29 ₹ Cr

0.0038% share

+329.61% YoY

49.99% of Sub-Ch. 7224

Imports

47.93 ₹ Cr

0.0009% share

−42.48% YoY

14.38% of Sub-Ch. 7224

FY 2024-25 Exp. Rank #385

Balance

+1,356.91

Exports

1,417.25 ₹ Cr

0.0385% share

+924.84% YoY

94.47% of Sub-Ch. 7224

Imports

60.34 ₹ Cr

0.0010% share

+25.89% YoY

24.55% of Sub-Ch. 7224

CAGR · 7-Year

Exports

41.03% /yr

Imports

−13.03% /yr

Consistently Surplus
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72249099 and GST compliance.

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.

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.