HSN Code 81042010: Magnesium Scrap| Wafer, Walnut, Wine, Etc.

HSN Code 81042010 represents Magnesium Scrap| Wafer, Walnut, Wine, Etc. under GST classification. This code helps businesses identify Magnesium Scrap| Wafer, Walnut, Wine, Etc. correctly for billing, taxation, and trade. With HSN Code 81042010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Magnesium Scrap| Wafer, Walnut, Wine, Etc..

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Description of Goods for HSN Code 81042010

HSN Code 81042010 relates to the following description.

Description of Goods

Waste and scrap : Magnesium scrap, namely the following : magnesium clips covered by ISRI code word ‘Wafer’; magnesium scrap covered by ISRI code word ‘Walnut’; magnesium engraver plates covered by ISRI code word ‘Wine’; magnesium dock boards covered by ISRI code word ‘Wood’; magnesium turnings covered by ISRI code word ‘World’

Chapter

81 - Other base metals; cermets; articles thereof

Sub Chapter

8104 - Magnesium and articles thereof, including waste and scrap

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 81042010 not include?

Magnesium Scrap| Wafer, Walnut, Wine, Etc. does not include products with the following descriptions.

HSN Code 81043010

Raspings, turnings and granules, graded according to size; powders : Raspings, turnings and granules, graded according to size

HSN Code 81043020

Raspings, turnings and granules, graded according to size; powders : Powders

India’s Trade Performance — HSN Code 81042010 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

₹27 Cr

−18.00% vs FY 2023-24

0.0007% of India’s total exports

India’s Imports

FY 2024-25

₹5 Cr

+2.76% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹22 Cr

Trade Surplus

Surplus rank #2773 of 12657 HSN codes

% of Sub-Chapter 8104

FY 2024-25

30.43%

Share of Sub-Chapter 8104’s total exports in FY 2024-25

Import side: 0.58% of Sub-Chapter 8104’s imports

Rank Within Sub-Chapter 8104

FY 2024-25

#2 of 10

Position by export value among HSN codes in Sub-Chapter 8104

Import-side rank: #7 of 10

At a glance

27.87%

Export CAGR

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

#4483

National Export Rank

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

+819.12%

Peak Growth Year

FY 2021-22 · strongest single-year move

30.43%

Contribution to Sub-Ch. 8104

Share of Sub-Chapter 8104 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 81042010

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 #5613

Balance

+5.55

Exports

6.13 ₹ Cr

0.0003% share

— YoY

52.53% of Sub-Ch. 8104

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.11% of Sub-Ch. 8104

FY 2019-20 Exp. Rank #4275

Balance

+17.44

Exports

17.79 ₹ Cr

0.0008% share

+190.21% YoY

60.43% of Sub-Ch. 8104

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−39.66% YoY

0.08% of Sub-Ch. 8104

FY 2020-21 Exp. Rank #5074

Balance

+10.04

Exports

10.04 ₹ Cr

0.0005% share

−43.56% YoY

69.87% of Sub-Ch. 8104

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8104

FY 2021-22 Exp. Rank #2530

Balance

+91.52

Exports

92.28 ₹ Cr

0.0029% share

+819.12% YoY

70.22% of Sub-Ch. 8104

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.07% of Sub-Ch. 8104

FY 2022-23 Exp. Rank #2798

Balance

+80.40

Exports

82.99 ₹ Cr

0.0023% share

−10.07% YoY

59.25% of Sub-Ch. 8104

Imports

2.59 ₹ Cr

0.0000% share

+240.79% YoY

0.20% of Sub-Ch. 8104

FY 2023-24 Exp. Rank #4124

Balance

+27.60

Exports

32.67 ₹ Cr

0.0009% share

−60.63% YoY

47.99% of Sub-Ch. 8104

Imports

5.07 ₹ Cr

0.0001% share

+95.75% YoY

0.53% of Sub-Ch. 8104

FY 2024-25 Exp. Rank #4483

Balance

+21.58

Exports

26.79 ₹ Cr

0.0007% share

−18.00% YoY

30.43% of Sub-Ch. 8104

Imports

5.21 ₹ Cr

0.0001% share

+2.76% YoY

0.58% of Sub-Ch. 8104

CAGR · 7-Year

Exports

27.87% /yr

Imports

44.18% /yr

Consistently Surplus
Sub-Chapter 8104 total

reference, FY 2024-25

Export

₹88.03 Cr

Import

₹903.34 Cr

Trade Balance

−815.31

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

Key Trade Insights: HSN Code 81042010 Export-Import Analysis

Consistent Export Growth: 27.87% CAGR Over 7 Years

India's exports under HSN Code 81042010 have grown at a compound annual rate of 27.87% over 7 fiscal years, rising from ₹6.13 Crore in FY 2018-19 to ₹26.79 Crore in FY 2024-25.

HSN Code 81042010 Ranked #4483 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 81042010 ranks #4483 out of 12657 HSN codes by total export value. Within Sub-Chapter 8104, it ranks #2 of 10. By trade surplus, it ranks #2773 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 81042010 Exports

The strongest single-year export movement for HSN Code 81042010 was recorded in FY 2021-22, when exports surged by 819.12% over the prior year.

India Maintains a Trade Surplus of ₹21.58 Crore in HSN Code 81042010 Goods

In FY 2024-25, India's exports of ₹26.79 Cr exceeded imports of ₹5.21 Cr, resulting in a trade surplus of ₹21.58 Crore — ranking #2773 of 12657 by surplus magnitude.

Import Growth of 44.18% CAGR Signals Rising Demand for Magnesium Scrap| Wafer, Walnut, Wine, Etc.

India's imports under HSN Code 81042010 have grown at 44.18% CAGR, reaching ₹5.21 Crore in FY 2024-25.

HSN Code 81042010 Contributes 30.43% of Sub-Chapter 8104 Exports — Ranked #2

Among the 10 HSN codes under Sub-Chapter 8104, HSN Code 81042010 ranks #2 by export value — accounting for 30.43% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.58% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 81042010 and GST compliance.

What products are classified under HSN 81042010 ?

It includes Magnesium base alloys

How should mixed supplies be billed when Magnesium Scrap/ Wafer, Walnut, Wine, Etc. is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Magnesium Scrap/ Wafer, Walnut, Wine, Etc.; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Magnesium Scrap/ Wafer, Walnut, Wine, Etc.?

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 Magnesium Scrap/ Wafer, Walnut, Wine, Etc.?

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.

Do e‑way bill and e‑invoice apply for Magnesium Scrap/ Wafer, Walnut, Wine, Etc.?

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 Magnesium Scrap/ Wafer, Walnut, Wine, Etc.?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How much GST applies to Magnesium Scrap/ Wafer, Walnut, Wine, Etc.?

Under HSN 81042010, Magnesium Scrap/ Wafer, Walnut, Wine, Etc. 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.