HSN Code 73049000: Alloy steel: Circular cross section: Other

HSN Code 73049000 represents Alloy steel: Circular cross section: Other under GST classification. This code helps businesses identify Alloy steel: Circular cross section: Other correctly for billing, taxation, and trade. With HSN Code 73049000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Alloy steel: Circular cross section: Other.

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Description of Goods for HSN Code 73049000

HSN Code 73049000 relates to the following description.

Description of Goods

Other, of circular cross section,of alloy steel: Other: Other

Chapter

73 - Articles of iron or steel

Sub Chapter

7304 - Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73049000 not include?

Alloy steel: Circular cross section: Other does not include products with the following descriptions.

Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : pipes of iron or steel : of iron

Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : pipes of iron or steel : other

Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : blanks for tubes and pipes: of iron

Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : blanks for tubes and pipes: other

Line pipe of a kind used for oil and gas pipelines: Of stainless steel: Tubes and pipes

Line pipe of a kind used for oil and gas pipelines: Of stainless steel: Blanks for tubes and pipes

Line pipe of a kind used for oil and gas pipelines: Of stainless steel: Other

Line pipe of a kind used for oil and gas pipelines: Other: Blanks for tubes and pipes

Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - casing, tubing and drill pipe, of a kind used in drilling for oil or gas : drill pipe : of iron

Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - casing, tubing and drill pipe, of a kind used in drilling for oil or gas : drill pipe : other

Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Drill pipe of stainless steel

Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other drill pipe: Of iron

Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other drill pipe: Other

Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other, of stainless steel

Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other: Of iron

Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other: Other

Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Up to 114.3 mm outer diameter: Of iron

Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Up to 114.3 mm outer diameter: Other

Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 114.3 mm but up to 219.1 mm outer diameter : Of iron

Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 114.3 mm but up to 219.1 mm outer diameter : Other

Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 219.1 mm diameter: Of iron

Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 219.1 mm diameter: Other

Other, of circular cross-section, of iron or nonalloy steel: Other: Up to 114.3 mm outer diameter: Of iron

Other, of circular cross-section, of iron or nonalloy steel: Other: Up to 114.3 mm outer diameter: Other

Other, of circular cross-section, of iron or nonalloy steel: Other: Above 114.3 mm but up to 219.1 mm outer diameters: Of iron

Other, of circular cross-section, of iron or nonalloy steel: Other: Above 114.3 mm but up to 219.1 mm outer diameters: Other

Other, of circular cross-section, of iron or nonalloy steel: Other: Above 219.1 mm diameter: Of iron

Other, of circular cross-section, of iron or nonalloy steel: Other: Above 219.1 mm diameter: Other

Other, of circular cross section, of stainless steel: Cold-drawn or cold-rolled (cold-reduced)

Other, of circular cross section,of alloy steel: Cold-drawn or cold rolled (cold-reduced): Up to 114.3 mm diameter

Other, of circular cross section,of alloy steel: Cold-drawn or cold rolled (cold-reduced): Above 114.3 mm but up to 219.1 mm outer diameter

Other, of circular cross section,of alloy steel: Cold-drawn or cold rolled (cold-reduced): Above 219.1 mm outer diameter

Other, of circular cross section,of alloy steel: Other: Up to 114.3 mm diameter

Other, of circular cross section,of alloy steel: Other: Above 114.3 mm but up to 219.1 mm outer diameter

Other, of circular cross section,of alloy steel: Other: Above 219.1 mm outer diameter

India’s Trade Performance — HSN Code 73049000 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

₹278 Cr

−41.02% vs FY 2023-24

0.0076% of India’s total exports

India’s Imports

FY 2024-25

₹588 Cr

−18.63% vs FY 2023-24

0.0097% of India’s total imports

Trade Balance

FY 2024-25

−₹310 Cr

Trade Deficit

Surplus rank #11609 of 12657 HSN codes

% of Sub-Chapter 7304

FY 2024-25

6.85%

Share of Sub-Chapter 7304’s total exports in FY 2024-25

Import side: 7.40% of Sub-Chapter 7304’s imports

Rank Within Sub-Chapter 7304

FY 2024-25

#3 of 39

Position by export value among HSN codes in Sub-Chapter 7304

Import-side rank: #4 of 39

At a glance

21.22%

Export CAGR

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

#1512

National Export Rank

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

+90.21%

Peak Growth Year

FY 2021-22 · strongest single-year move

6.85%

Contribution to Sub-Ch. 7304

Share of Sub-Chapter 7304 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 73049000

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 #2166

Balance

−861.54

Exports

87.71 ₹ Cr

0.0038% share

YoY

3.54% of Sub-Ch. 7304

Imports

949.25 ₹ Cr

0.0265% share

YoY

13.83% of Sub-Ch. 7304

FY 2019-20 Exp. Rank #1519

Balance

−1,042.08

Exports

159.61 ₹ Cr

0.0073% share

+81.97% YoY

7.06% of Sub-Ch. 7304

Imports

1,201.69 ₹ Cr

0.0359% share

+26.59% YoY

17.21% of Sub-Ch. 7304

FY 2020-21 Exp. Rank #1119

Balance

−425.06

Exports

265.91 ₹ Cr

0.0124% share

+66.60% YoY

14.81% of Sub-Ch. 7304

Imports

690.97 ₹ Cr

0.0237% share

−42.50% YoY

15.48% of Sub-Ch. 7304

FY 2021-22 Exp. Rank #856

Balance

−373.78

Exports

505.80 ₹ Cr

0.0161% share

+90.21% YoY

15.82% of Sub-Ch. 7304

Imports

879.58 ₹ Cr

0.0192% share

+27.30% YoY

15.65% of Sub-Ch. 7304

FY 2022-23 Exp. Rank #836

Balance

−203.29

Exports

569.60 ₹ Cr

0.0157% share

+12.61% YoY

9.15% of Sub-Ch. 7304

Imports

772.89 ₹ Cr

0.0134% share

−12.13% YoY

12.36% of Sub-Ch. 7304

FY 2023-24 Exp. Rank #1011

Balance

−251.18

Exports

471.78 ₹ Cr

0.0130% share

−17.17% YoY

10.36% of Sub-Ch. 7304

Imports

722.96 ₹ Cr

0.0129% share

−6.46% YoY

11.66% of Sub-Ch. 7304

FY 2024-25 Exp. Rank #1512

Balance

−310.04

Exports

278.24 ₹ Cr

0.0076% share

−41.02% YoY

6.85% of Sub-Ch. 7304

Imports

588.28 ₹ Cr

0.0097% share

−18.63% YoY

7.40% of Sub-Ch. 7304

CAGR · 7-Year

Exports

21.22% /yr

Imports

−7.66% /yr

Consistently Deficit
Sub-Chapter 7304 total

reference, FY 2024-25

Export

₹4,064.37 Cr

Import

₹7,944.78 Cr

Trade Balance

−3,880.41

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

Key Trade Insights: HSN Code 73049000 Export-Import Analysis

Consistent Export Growth: 21.22% CAGR Over 7 Years

India's exports under HSN Code 73049000 have grown at a compound annual rate of 21.22% over 7 fiscal years, rising from ₹87.71 Crore in FY 2018-19 to ₹278.24 Crore in FY 2024-25.

HSN Code 73049000 Ranked #1512 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73049000 ranks #1512 out of 12657 HSN codes by total export value. Within Sub-Chapter 7304, it ranks #3 of 39. By trade surplus, it ranks #11609 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 73049000 Exports

The strongest single-year export movement for HSN Code 73049000 was recorded in FY 2021-22, when exports surged by 90.21% over the prior year.

India Records a Trade Deficit of ₹310.04 Crore in HSN Code 73049000 Goods

In FY 2024-25, India's imports of ₹588.28 Cr exceeded exports of ₹278.24 Cr, resulting in a trade deficit of ₹310.04 Crore — ranking #11609 of 12657 by surplus magnitude.

Import Growth of −7.66% CAGR Signals Stable Import Dependency for Alloy steel: Circular cross section: Other

India's imports under HSN Code 73049000 have grown at −7.66% CAGR, reaching ₹588.28 Crore in FY 2024-25.

HSN Code 73049000 Contributes 6.85% of Sub-Chapter 7304 Exports — Ranked #3

Among the 39 HSN codes under Sub-Chapter 7304, HSN Code 73049000 ranks #3 by export value — accounting for 6.85% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.40% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73049000 and GST compliance.

What products are classified under HSN 73049000 ?

It includes Non-Galvanised Iron Pipes

Any common misclassification issue with Alloy steel: Circular cross section: Other?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Alloy steel: Circular cross section: 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 Alloy steel: Circular cross section: Other?

Under HSN 73049000, Alloy steel: Circular cross section: Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Alloy steel: Circular cross section: Other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Alloy steel: Circular cross section: Other; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Alloy steel: Circular cross section: Other?

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

Does packaging or labelling change the GST for Alloy steel: Circular cross section: 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.

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.