HSN Code 76012020: Aluminium alloys : Billets

HSN Code 76012020 represents Aluminium alloys : Billets under GST classification. This code helps businesses identify Aluminium alloys : Billets correctly for billing, taxation, and trade. With HSN Code 76012020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Aluminium alloys : Billets.

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Description of Goods for HSN Code 76012020

HSN Code 76012020 relates to the following description.

Description of Goods

Aluminium alloys : Billets

Chapter

76 - Aluminium and articles thereof

Sub Chapter

7601 - Unwrought aluminium

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 76012020 not include?

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

India’s Trade Performance — HSN Code 76012020 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

₹7,758 Cr

+24.29% vs FY 2023-24

0.2108% of India’s total exports

India’s Imports

FY 2024-25

₹984 Cr

+6.19% vs FY 2023-24

0.0162% of India’s total imports

Trade Balance

FY 2024-25

₹6,774 Cr

Trade Surplus

Surplus rank #49 of 12657 HSN codes

% of Sub-Chapter 7601

FY 2024-25

20.79%

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

Import side: 11.02% of Sub-Chapter 7601’s imports

Rank Within Sub-Chapter 7601

FY 2024-25

#2 of 10

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

Import-side rank: #3 of 10

At a glance

3.36%

Export CAGR

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

#57

National Export Rank

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

+196.83%

Peak Growth Year

FY 2021-22 · strongest single-year move

20.79%

Contribution to Sub-Ch. 7601

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

India Export-Import Trade Statistics for HSN Code 76012020

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 #37

Balance

+5,720.85

Exports

6,362.91 ₹ Cr

0.2785% share

— YoY

21.26% of Sub-Ch. 7601

Imports

642.06 ₹ Cr

0.0179% share

— YoY

12.78% of Sub-Ch. 7601

FY 2019-20 Exp. Rank #75

Balance

+3,266.29

Exports

3,805.53 ₹ Cr

0.1729% share

−40.19% YoY

14.69% of Sub-Ch. 7601

Imports

539.24 ₹ Cr

0.0161% share

−16.01% YoY

14.52% of Sub-Ch. 7601

FY 2020-21 Exp. Rank #83

Balance

+3,070.66

Exports

3,583.17 ₹ Cr

0.1666% share

−5.84% YoY

11.30% of Sub-Ch. 7601

Imports

512.51 ₹ Cr

0.0176% share

−4.96% YoY

12.97% of Sub-Ch. 7601

FY 2021-22 Exp. Rank #38

Balance

+9,901.01

Exports

10,636.07 ₹ Cr

0.3389% share

+196.83% YoY

17.09% of Sub-Ch. 7601

Imports

735.06 ₹ Cr

0.0161% share

+43.42% YoY

16.10% of Sub-Ch. 7601

FY 2022-23 Exp. Rank #86

Balance

+4,399.93

Exports

5,451.22 ₹ Cr

0.1506% share

−48.75% YoY

10.80% of Sub-Ch. 7601

Imports

1,051.29 ₹ Cr

0.0183% share

+43.02% YoY

16.52% of Sub-Ch. 7601

FY 2023-24 Exp. Rank #73

Balance

+5,315.68

Exports

6,242.07 ₹ Cr

0.1725% share

+14.51% YoY

15.05% of Sub-Ch. 7601

Imports

926.39 ₹ Cr

0.0165% share

−11.88% YoY

12.14% of Sub-Ch. 7601

FY 2024-25 Exp. Rank #57

Balance

+6,774.42

Exports

7,758.17 ₹ Cr

0.2108% share

+24.29% YoY

20.79% of Sub-Ch. 7601

Imports

983.75 ₹ Cr

0.0162% share

+6.19% YoY

11.02% of Sub-Ch. 7601

CAGR · 7-Year

Exports

3.36% /yr

Imports

7.37% /yr

Consistently Surplus
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 76012020 Export-Import Analysis

Consistent Export Growth: 3.36% CAGR Over 7 Years

India's exports under HSN Code 76012020 have grown at a compound annual rate of 3.36% over 7 fiscal years, rising from ₹6,362.91 Crore in FY 2018-19 to ₹7,758.17 Crore in FY 2024-25.

HSN Code 76012020 Ranked #57 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 76012020 ranks #57 out of 12657 HSN codes by total export value. Within Sub-Chapter 7601, it ranks #2 of 10. By trade surplus, it ranks #49 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 76012020 Exports

The strongest single-year export movement for HSN Code 76012020 was recorded in FY 2021-22, when exports surged by 196.83% over the prior year.

India Maintains a Trade Surplus of ₹6,774.42 Crore in HSN Code 76012020 Goods

In FY 2024-25, India's exports of ₹7,758.17 Cr exceeded imports of ₹983.75 Cr, resulting in a trade surplus of ₹6,774.42 Crore — ranking #49 of 12657 by surplus magnitude.

Import Growth of 7.37% CAGR Signals Stable Import Dependency for Aluminium alloys : Billets

India's imports under HSN Code 76012020 have grown at 7.37% CAGR, reaching ₹983.75 Crore in FY 2024-25.

HSN Code 76012020 Contributes 20.79% of Sub-Chapter 7601 Exports — Ranked #2

Among the 10 HSN codes under Sub-Chapter 7601, HSN Code 76012020 ranks #2 by export value — accounting for 20.79% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.02% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 76012020 and GST compliance.

What products are classified under HSN 76012020 ?

It includes Other aluminium alloys

Any common misclassification issue with Aluminium alloys : Billets?

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 : Billets is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Aluminium alloys : Billets; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Aluminium alloys : Billets?

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 : Billets?

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 Aluminium alloys : Billets?

Under HSN 76012020, Aluminium alloys : Billets attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.