--- title: "HSN Code for Aluminium alloys : Ingots | HSN 76012010 GST Rate" description: "Find HSN and GST Rates for 76012010 related to Aluminium alloys : Ingots with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-76012010/" --- # HSN Code 76012010: Aluminium alloys : Ingots - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 76: Aluminium & Similar Articles](https://busy.in/hsn/chapter-76/) - [Sub-chapter 7601: Unwrought aluminium](https://busy.in/hsn/sub-chapter-7601/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Aluminium alloys : Ingots | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 76012010 ? It includes Aluminium alloys, wire rods ### How much GST applies to Aluminium alloys : Ingots? Under HSN 76012010, Aluminium alloys : Ingots attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Aluminium alloys : Ingots? 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. ### Any common misclassification issue with Aluminium alloys : Ingots? 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 Aluminium alloys : Ingots is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Aluminium alloys : Ingots; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Aluminium alloys : Ingots? 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 Aluminium alloys : Ingots? 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. ## India's trade performance: HSN Code 76012010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2,077 Cr (−7.37% YoY) — 0.0564% of India's total exports - Imports: ₹5,718 Cr (+53.11% YoY) — 0.0941% of India's total imports - Trade balance: −₹3,641 Cr (Deficit); surplus rank #12523 of 12657 HSN codes - Share of Sub-Chapter 7601: 5.56% of its exports; import side 64.06% - Rank within Sub-Chapter 7601: #3 of 10 by export value; import-side #1 ### Key metrics - Export CAGR: 34.66% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #258 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +243.89% in FY 2021-22 - Contribution to Sub-Ch. 7601: 5.56% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 76012010 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. 7601 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7601 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 348.24 | 0.0152% | — | 1.16% | 3,520.04 | 0.0982% | — | 70.04% | −3,171.80 | #891 | | FY 2019-20 | 876.55 | 0.0398% | +151.71% | 3.38% | 2,204.39 | 0.0658% | −37.38% | 59.37% | −1,327.84 | #375 | | FY 2020-21 | 1,824.92 | 0.0848% | +108.19% | 5.76% | 1,861.60 | 0.0639% | −15.55% | 47.13% | −36.68 | #180 | | FY 2021-22 | 6,275.79 | 0.2000% | +243.89% | 10.08% | 2,561.07 | 0.0560% | +37.57% | 56.08% | +3,714.72 | #66 | | FY 2022-23 | 4,340.28 | 0.1199% | −30.84% | 8.60% | 3,279.10 | 0.0570% | +28.04% | 51.53% | +1,061.18 | #105 | | FY 2023-24 | 2,241.94 | 0.0620% | −48.35% | 5.41% | 3,734.69 | 0.0665% | +13.89% | 48.96% | −1,492.75 | #221 | | FY 2024-25 | 2,076.77 | 0.0564% | −7.37% | 5.56% | 5,718.17 | 0.0941% | +53.11% | 64.06% | −3,641.40 | #258 | - CAGR (7-year): exports 34.66%/yr, imports 8.42%/yr (consistently Deficit) ## Key trade insights: HSN Code 76012010 export-import analysis ### Consistent export growth: 34.66% CAGR over 7 years India's exports under HSN Code 76012010 have grown at a compound annual rate of 34.66% over 7 fiscal years, rising from ₹348.24 Crore in FY 2018-19 to ₹2,076.77 Crore in FY 2024-25. ### HSN Code 76012010 ranked #258 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 76012010 ranks #258 out of 12657 HSN codes by total export value. Within Sub-Chapter 7601, it ranks #3 of 10. By trade surplus, it ranks #12523 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 76012010 exports The strongest single-year export movement for HSN Code 76012010 was recorded in FY 2021-22, when exports surged by 243.89% over the prior year. ### India records a trade deficit of ₹3,641.40 Crore in HSN Code 76012010 goods In FY 2024-25, India's imports of ₹5,718.17 Cr exceeded exports of ₹2,076.77 Cr, resulting in a trade deficit of ₹3,641.40 Crore — ranking #12523 of 12657 by surplus magnitude. ### Import growth of 8.42% CAGR signals stable import dependency for Aluminium alloys : Ingots India's imports under HSN Code 76012010 have grown at 8.42% CAGR, reaching ₹5,718.17 Crore in FY 2024-25. ### HSN Code 76012010 contributes 5.56% of Sub-Chapter 7601 exports — ranked #3 Among the 10 HSN codes under Sub-Chapter 7601, HSN Code 76012010 ranks #3 by export value — accounting for 5.56% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 64.06% share (rank #1). ## Related HSN Codes in Sub-Chapter 7601 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 76011010: Aluminium, not alloyed, ingots](https://busy.in/hsn/hsn-76011010/) | ₹27,207 Cr | | #2 | [HSN Code 76012020: Aluminium alloys : Billets](https://busy.in/hsn/hsn-76012020/) | ₹7,758 Cr | | #3 | HSN Code 76012010: Aluminium alloys : Ingots (this hsn code) | ₹2,077 Cr | | #4 | [HSN Code 76012090: Other aluminium alloys](https://busy.in/hsn/hsn-76012090/) | ₹222 Cr | | #5 | [HSN Code 76011040: Aluminium, not alloyed, wire rods](https://busy.in/hsn/hsn-76011040/) | ₹39 Cr | | #6 | [HSN Code 76011020: Aluminium, not alloyed, billets](https://busy.in/hsn/hsn-76011020/) | ₹19 Cr | | #7 | [HSN Code 76011090: Aluminium, not alloyed, other](https://busy.in/hsn/hsn-76011090/) | ₹2 Cr | | #8 | [HSN Code 76012040: Aluminium alloys, wire rods](https://busy.in/hsn/hsn-76012040/) | < ₹1 Crore | | #9 | [HSN Code 76012030: Aluminium alloys, wire bars](https://busy.in/hsn/hsn-76012030/) | < ₹1 Crore | | #10 | [HSN Code 76011030: Aluminium, not alloyed, wire bars](https://busy.in/hsn/hsn-76011030/) | < ₹1 Crore |