--- title: "HSN Code for Nickel alloys: Monel metal including ‘K’ monel | HSN 75022020 GST Rate" description: "Find HSN and GST Rates for 75022020 related to Nickel alloys: Monel metal including ‘K’ monel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-75022020/" --- # HSN Code 75022020: Nickel alloys: Monel metal including ‘K’ monel - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 75: Nickel & Similar Articles](https://busy.in/hsn/chapter-75/) - [Sub-chapter 7502: Unwrought nickel](https://busy.in/hsn/sub-chapter-7502/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Nickel alloys : Monel metal including ‘K’ monel | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 75022020 ? It includes Nickel alloys : Other ### How much GST applies to Nickel alloys: Monel metal including ‘K’ monel? Under HSN 75022020, Nickel alloys: Monel metal including ‘K’ monel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Nickel alloys: Monel metal including ‘K’ monel? 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. ### Do e‑way bill and e‑invoice apply for Nickel alloys: Monel metal including ‘K’ monel? 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 should mixed supplies be billed when Nickel alloys: Monel metal including ‘K’ monel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Nickel alloys: Monel metal including ‘K’ monel; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Nickel alloys: Monel metal including ‘K’ monel? 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 75022020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+95.24% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (−59.04% YoY) — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #5322 of 12657 HSN codes - Share of Sub-Chapter 7502: 0.26% of its exports; import side 0.01% - Rank within Sub-Chapter 7502: #3 of 6 by export value; import-side #6 ### Key metrics - Export CAGR: -3.88% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8974 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +95.24% in FY 2024-25 - Contribution to Sub-Ch. 7502: 0.26% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 75022020 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. 7502 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7502 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 1.53% | < ₹1 Crore | 0.0000% | — | 0.00% | +0.51 | #8156 | | FY 2019-20 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | 1.27 | 0.0000% | — | 0.04% | −1.27 | — | | FY 2021-22 | < ₹1 Crore | 0.0000% | — | 0.06% | < ₹1 Crore | 0.0000% | −96.06% | 0.00% | +0.10 | #9341 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +73.33% | 0.05% | < ₹1 Crore | 0.0000% | +1,180.00% | 0.01% | −0.38 | #9123 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −19.23% | 0.25% | < ₹1 Crore | 0.0000% | +29.69% | 0.01% | −0.62 | #9406 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +95.24% | 0.26% | < ₹1 Crore | 0.0000% | −59.04% | 0.01% | +0.07 | #8974 | - CAGR (7-year): exports -3.88%/yr, imports 79.99%/yr (consistently Surplus) ## Key trade insights: HSN Code 75022020 export-import analysis ### Export decline: -3.88% CAGR over 7 years India's exports under HSN Code 75022020 have declined at a compound annual rate of -3.88% over 7 fiscal years, falling from ₹0.52 Crore in FY 2018-19 to ₹0.41 Crore in FY 2024-25. ### HSN Code 75022020 ranked #8974 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 75022020 ranks #8974 out of 12657 HSN codes by total export value. Within Sub-Chapter 7502, it ranks #3 of 6. By trade surplus, it ranks #5322 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 75022020 exports The strongest single-year export movement for HSN Code 75022020 was recorded in FY 2024-25, when exports surged by 95.24% over the prior year. ### India maintains a trade surplus of ₹0.07 Crore in HSN Code 75022020 goods In FY 2024-25, India's exports of ₹0.41 Cr exceeded imports of ₹0.34 Cr, resulting in a trade surplus of ₹0.07 Crore — ranking #5322 of 12657 by surplus magnitude. ### Import growth of 79.99% CAGR signals rising demand for Nickel alloys: Monel metal including ‘K’ monel India's imports under HSN Code 75022020 have grown at 79.99% CAGR, reaching ₹0.34 Crore in FY 2024-25. ### HSN Code 75022020 contributes 0.26% of Sub-Chapter 7502 exports — ranked #3 Among the 6 HSN codes under Sub-Chapter 7502, HSN Code 75022020 ranks #3 by export value — accounting for 0.26% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #6). ## Related HSN Codes in Sub-Chapter 7502 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 75021000: Nickel, not alloyed](https://busy.in/hsn/hsn-75021000/) | ₹131 Cr | | #2 | [HSN Code 75022030: Nickel Alloys with More Than 40% Nickel Content](https://busy.in/hsn/hsn-75022030/) | ₹27 Cr | | #3 | HSN Code 75022020: Nickel alloys: Monel metal including ‘K’ monel (this hsn code) | < ₹1 Crore | | #4 | [HSN Code 75022090: Nickel alloys : Other](https://busy.in/hsn/hsn-75022090/) | < ₹1 Crore | | #5 | [HSN Code 75022010: Cupro-Nickel Alloys with >40% Nickel Content](https://busy.in/hsn/hsn-75022010/) | < ₹1 Crore | | — | [HSN Code 75022040: Nickel Alloys (10-40% Nickel)](https://busy.in/hsn/hsn-75022040/) | Nil |