HSN Code 76042990: Of aluminium alloys : Other : Other

HSN Code 76042990 represents Of aluminium alloys : Other : Other under GST classification. This code helps businesses identify Of aluminium alloys : Other : Other correctly for billing, taxation, and trade. With HSN Code 76042990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of aluminium alloys : Other : Other.

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Description of Goods for HSN Code 76042990

HSN Code 76042990 relates to the following description.

Description of Goods

Of aluminium alloys : Other : Other

Chapter

76 - Aluminium and articles thereof

Sub Chapter

7604 - Aluminium bars, rods and profiles

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 76042990 not include?

Of aluminium alloys : Other : Other does not include products with the following descriptions.

HSN Code 76042910

Of aluminium alloys : Other : Hard drawn bare aluminium conductors steel re-inforced (A.C.S.R.)

India’s Trade Performance — HSN Code 76042990 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

₹258 Cr

−4.42% vs FY 2023-24

0.0070% of India’s total exports

India’s Imports

FY 2024-25

₹903 Cr

+14.66% vs FY 2023-24

0.0149% of India’s total imports

Trade Balance

FY 2024-25

−₹645 Cr

Trade Deficit

Surplus rank #12032 of 12657 HSN codes

% of Sub-Chapter 7604

FY 2024-25

24.99%

Share of Sub-Chapter 7604’s total exports in FY 2024-25

Import side: 46.50% of Sub-Chapter 7604’s imports

Rank Within Sub-Chapter 7604

FY 2024-25

#2 of 9

Position by export value among HSN codes in Sub-Chapter 7604

Import-side rank: #1 of 9

At a glance

9.80%

Export CAGR

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

#1596

National Export Rank

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

+59.67%

Peak Growth Year

FY 2021-22 · strongest single-year move

24.99%

Contribution to Sub-Ch. 7604

Share of Sub-Chapter 7604 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 76042990

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 #1601

Balance

−235.58

Exports

147.32 ₹ Cr

0.0064% share

— YoY

26.86% of Sub-Ch. 7604

Imports

382.90 ₹ Cr

0.0107% share

— YoY

38.30% of Sub-Ch. 7604

FY 2019-20 Exp. Rank #1731

Balance

−293.60

Exports

128.58 ₹ Cr

0.0058% share

−12.72% YoY

32.58% of Sub-Ch. 7604

Imports

422.18 ₹ Cr

0.0126% share

+10.26% YoY

40.07% of Sub-Ch. 7604

FY 2020-21 Exp. Rank #1863

Balance

−275.39

Exports

122.27 ₹ Cr

0.0057% share

−4.91% YoY

24.59% of Sub-Ch. 7604

Imports

397.66 ₹ Cr

0.0136% share

−5.81% YoY

41.25% of Sub-Ch. 7604

FY 2021-22 Exp. Rank #1672

Balance

−449.74

Exports

195.23 ₹ Cr

0.0062% share

+59.67% YoY

16.00% of Sub-Ch. 7604

Imports

644.97 ₹ Cr

0.0141% share

+62.19% YoY

45.71% of Sub-Ch. 7604

FY 2022-23 Exp. Rank #1602

Balance

−437.80

Exports

227.63 ₹ Cr

0.0063% share

+16.60% YoY

14.74% of Sub-Ch. 7604

Imports

665.43 ₹ Cr

0.0116% share

+3.17% YoY

41.22% of Sub-Ch. 7604

FY 2023-24 Exp. Rank #1474

Balance

−517.13

Exports

270.13 ₹ Cr

0.0075% share

+18.67% YoY

24.39% of Sub-Ch. 7604

Imports

787.26 ₹ Cr

0.0140% share

+18.31% YoY

45.07% of Sub-Ch. 7604

FY 2024-25 Exp. Rank #1596

Balance

−644.52

Exports

258.18 ₹ Cr

0.0070% share

−4.42% YoY

24.99% of Sub-Ch. 7604

Imports

902.70 ₹ Cr

0.0149% share

+14.66% YoY

46.50% of Sub-Ch. 7604

CAGR · 7-Year

Exports

9.80% /yr

Imports

15.37% /yr

Consistently Deficit
Sub-Chapter 7604 total

reference, FY 2024-25

Export

₹1,033.24 Cr

Import

₹1,941.38 Cr

Trade Balance

−908.14

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

Key Trade Insights: HSN Code 76042990 Export-Import Analysis

Consistent Export Growth: 9.80% CAGR Over 7 Years

India's exports under HSN Code 76042990 have grown at a compound annual rate of 9.80% over 7 fiscal years, rising from ₹147.32 Crore in FY 2018-19 to ₹258.18 Crore in FY 2024-25.

HSN Code 76042990 Ranked #1596 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 76042990 ranks #1596 out of 12657 HSN codes by total export value. Within Sub-Chapter 7604, it ranks #2 of 9. By trade surplus, it ranks #12032 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 76042990 Exports

The strongest single-year export movement for HSN Code 76042990 was recorded in FY 2021-22, when exports surged by 59.67% over the prior year.

India Records a Trade Deficit of ₹644.52 Crore in HSN Code 76042990 Goods

In FY 2024-25, India's imports of ₹902.70 Cr exceeded exports of ₹258.18 Cr, resulting in a trade deficit of ₹644.52 Crore — ranking #12032 of 12657 by surplus magnitude.

Import Growth of 15.37% CAGR Signals Rising Demand for Of aluminium alloys : Other : Other

India's imports under HSN Code 76042990 have grown at 15.37% CAGR, reaching ₹902.70 Crore in FY 2024-25.

HSN Code 76042990 Contributes 24.99% of Sub-Chapter 7604 Exports — Ranked #2

Among the 9 HSN codes under Sub-Chapter 7604, HSN Code 76042990 ranks #2 by export value — accounting for 24.99% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 46.50% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 76042990 and GST compliance.

What products are classified under HSN 76042990 ?

It includes Aluminium, hard drawn bare-solid

Can we claim ITC on inputs used to trade Of aluminium alloys : Other : Other?

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 Of aluminium alloys : Other : Other?

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 Of aluminium alloys : Other : Other?

Under HSN 76042990, Of aluminium alloys : Other : Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Of aluminium alloys : Other : Other?

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 Of aluminium alloys : Other : Other?

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.

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.