HSN Code 75051120: Nickel Bars and Rods
HSN Code 75051120 represents Nickel Bars and Rods under GST classification. This code helps businesses identify Nickel Bars and Rods correctly for billing, taxation, and trade. With HSN Code 75051120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Nickel Bars and Rods.
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Description of Goods for HSN Code 75051120
HSN Code 75051120 relates to the following description.
What does HSN Code 75051120 not include?
Nickel Bars and Rods does not include products with the following descriptions.
Bars, rods and profiles : Of nickel, not alloyed : Hollow bars
Bars, rods and profiles : Of nickel alloys : Hollow bars
Bars, rods and profiles : Of nickel alloys : Other bars; rods and profiles
Wire : Of nickel, not alloyed
Wire : Of nickel alloys
India’s Trade Performance — HSN Code 75051120 in FY 2024-25
India’s Exports
FY 2024-25₹69 Cr
0.0019% of India’s total exports
India’s Imports
FY 2024-25₹32 Cr
0.0005% of India’s total imports
Trade Balance
FY 2024-25₹37 Cr
Surplus rank #2371 of 12657 HSN codes
% of Sub-Chapter 7505
FY 2024-2512.79%
Share of Sub-Chapter 7505’s total exports in FY 2024-25
Import side: 1.63% of Sub-Chapter 7505’s imports
Rank Within Sub-Chapter 7505
FY 2024-25#4 of 6
Position by export value among HSN codes in Sub-Chapter 7505
Import-side rank: #4 of 6
At a glance
20.01%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3172
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+73.55%
Peak Growth Year
FY 2022-23 · strongest single-year move
12.79%
Contribution to Sub-Ch. 7505
Share of Sub-Chapter 7505 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 75051120
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+17.80
Exports
23.14 ₹ Cr
0.0010% share
— YoY
14.14% of Sub-Ch. 7505
Imports
5.34 ₹ Cr
0.0001% share
— YoY
0.95% of Sub-Ch. 7505
Balance
+23.44
Exports
30.30 ₹ Cr
0.0014% share
+30.94% YoY
18.16% of Sub-Ch. 7505
Imports
6.86 ₹ Cr
0.0002% share
+28.46% YoY
0.97% of Sub-Ch. 7505
Balance
+34.51
Exports
36.82 ₹ Cr
0.0017% share
+21.52% YoY
20.12% of Sub-Ch. 7505
Imports
2.31 ₹ Cr
0.0001% share
−66.33% YoY
0.36% of Sub-Ch. 7505
Balance
+50.37
Exports
52.67 ₹ Cr
0.0017% share
+43.05% YoY
15.52% of Sub-Ch. 7505
Imports
2.30 ₹ Cr
0.0001% share
−0.43% YoY
0.28% of Sub-Ch. 7505
Balance
+86.75
Exports
91.41 ₹ Cr
0.0025% share
+73.55% YoY
21.33% of Sub-Ch. 7505
Imports
4.66 ₹ Cr
0.0001% share
+102.61% YoY
0.36% of Sub-Ch. 7505
Balance
+73.11
Exports
75.62 ₹ Cr
0.0021% share
−17.27% YoY
14.26% of Sub-Ch. 7505
Imports
2.51 ₹ Cr
0.0000% share
−46.14% YoY
0.13% of Sub-Ch. 7505
Balance
+37.14
Exports
69.12 ₹ Cr
0.0019% share
−8.60% YoY
12.79% of Sub-Ch. 7505
Imports
31.98 ₹ Cr
0.0005% share
+1,174.10% YoY
1.63% of Sub-Ch. 7505
CAGR · 7-Year
Exports
20.01% /yr
Imports
34.76% /yr
reference, FY 2024-25
Export
₹540.53 Cr
Import
₹1,958.51 Cr
Trade Balance
−1,417.98
Key Trade Insights: HSN Code 75051120 Export-Import Analysis
Consistent Export Growth: 20.01% CAGR Over 7 Years
India's exports under HSN Code 75051120 have grown at a compound annual rate of 20.01% over 7 fiscal years, rising from ₹23.14 Crore in FY 2018-19 to ₹69.12 Crore in FY 2024-25.
HSN Code 75051120 Ranked #3172 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 75051120 ranks #3172 out of 12657 HSN codes by total export value. Within Sub-Chapter 7505, it ranks #4 of 6. By trade surplus, it ranks #2371 of 12657.
FY 2022-23 Was the Strongest Growth Year for HSN Code 75051120 Exports
The strongest single-year export movement for HSN Code 75051120 was recorded in FY 2022-23, when exports surged by 73.55% over the prior year.
India Maintains a Trade Surplus of ₹37.14 Crore in HSN Code 75051120 Goods
In FY 2024-25, India's exports of ₹69.12 Cr exceeded imports of ₹31.98 Cr, resulting in a trade surplus of ₹37.14 Crore — ranking #2371 of 12657 by surplus magnitude.
Import Growth of 34.76% CAGR Signals Rising Demand for Nickel Bars and Rods
India's imports under HSN Code 75051120 have grown at 34.76% CAGR, reaching ₹31.98 Crore in FY 2024-25.
HSN Code 75051120 Contributes 12.79% of Sub-Chapter 7505 Exports — Ranked #4
Among the 6 HSN codes under Sub-Chapter 7505, HSN Code 75051120 ranks #4 by export value — accounting for 12.79% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.63% share (rank #4).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 75051120 and GST compliance.
What products are classified under HSN 75051120 ?
It includes Wire | Of Nickel, Not Alloyed
Does packaging or labelling change the GST for Nickel Bars and Rods?
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 much GST applies to Nickel Bars and Rods?
Under HSN 75051120, Nickel Bars and Rods attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Any common misclassification issue with Nickel Bars and Rods?
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 Nickel Bars and Rods?
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 Bars and Rods is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Nickel Bars and Rods; Nil for exempt items if applicable).