HSN Code 76012010: Aluminium alloys : Ingots

HSN Code 76012010 represents Aluminium alloys : Ingots under GST classification. This code helps businesses identify Aluminium alloys : Ingots correctly for billing, taxation, and trade. With HSN Code 76012010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Aluminium alloys : Ingots.

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Description of Goods for HSN Code 76012010

HSN Code 76012010 relates to the following description.

Description of Goods

Aluminium alloys : Ingots

Chapter

76 - Aluminium and articles thereof

Sub Chapter

7601 - Unwrought aluminium

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 76012010 not include?

Aluminium alloys : Ingots does not include products with the following descriptions.

India’s Trade Performance — HSN Code 76012010 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

₹2,077 Cr

−7.37% vs FY 2023-24

0.0564% of India’s total exports

India’s Imports

FY 2024-25

₹5,718 Cr

+53.11% vs FY 2023-24

0.0941% of India’s total imports

Trade Balance

FY 2024-25

−₹3,641 Cr

Trade Deficit

Surplus rank #12523 of 12657 HSN codes

% of Sub-Chapter 7601

FY 2024-25

5.56%

Share of Sub-Chapter 7601’s total exports in FY 2024-25

Import side: 64.06% of Sub-Chapter 7601’s imports

Rank Within Sub-Chapter 7601

FY 2024-25

#3 of 10

Position by export value among HSN codes in Sub-Chapter 7601

Import-side rank: #1 of 10

At a glance

34.66%

Export CAGR

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

#258

National Export Rank

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

+243.89%

Peak Growth Year

FY 2021-22 · strongest single-year move

5.56%

Contribution to Sub-Ch. 7601

Share of Sub-Chapter 7601 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #891

Balance

−3,171.80

Exports

348.24 ₹ Cr

0.0152% share

— YoY

1.16% of Sub-Ch. 7601

Imports

3,520.04 ₹ Cr

0.0982% share

— YoY

70.04% of Sub-Ch. 7601

FY 2019-20 Exp. Rank #375

Balance

−1,327.84

Exports

876.55 ₹ Cr

0.0398% share

+151.71% YoY

3.38% of Sub-Ch. 7601

Imports

2,204.39 ₹ Cr

0.0658% share

−37.38% YoY

59.37% of Sub-Ch. 7601

FY 2020-21 Exp. Rank #180

Balance

−36.68

Exports

1,824.92 ₹ Cr

0.0848% share

+108.19% YoY

5.76% of Sub-Ch. 7601

Imports

1,861.60 ₹ Cr

0.0639% share

−15.55% YoY

47.13% of Sub-Ch. 7601

FY 2021-22 Exp. Rank #66

Balance

+3,714.72

Exports

6,275.79 ₹ Cr

0.2000% share

+243.89% YoY

10.08% of Sub-Ch. 7601

Imports

2,561.07 ₹ Cr

0.0560% share

+37.57% YoY

56.08% of Sub-Ch. 7601

FY 2022-23 Exp. Rank #105

Balance

+1,061.18

Exports

4,340.28 ₹ Cr

0.1199% share

−30.84% YoY

8.60% of Sub-Ch. 7601

Imports

3,279.10 ₹ Cr

0.0570% share

+28.04% YoY

51.53% of Sub-Ch. 7601

FY 2023-24 Exp. Rank #221

Balance

−1,492.75

Exports

2,241.94 ₹ Cr

0.0620% share

−48.35% YoY

5.41% of Sub-Ch. 7601

Imports

3,734.69 ₹ Cr

0.0665% share

+13.89% YoY

48.96% of Sub-Ch. 7601

FY 2024-25 Exp. Rank #258

Balance

−3,641.40

Exports

2,076.77 ₹ Cr

0.0564% share

−7.37% YoY

5.56% of Sub-Ch. 7601

Imports

5,718.17 ₹ Cr

0.0941% share

+53.11% YoY

64.06% of Sub-Ch. 7601

CAGR · 7-Year

Exports

34.66% /yr

Imports

8.42% /yr

Consistently Deficit
Sub-Chapter 7601 total

reference, FY 2024-25

Export

₹37,324.59 Cr

Import

₹8,925.90 Cr

Trade Balance

+28,398.69

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 76012010 and GST compliance.

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.

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.