--- title: "HSN Code for Steel Raspings, Turnings & Granules: Graded by Size, Powders | HSN 81043020 GST Rate" description: "Find HSN and GST Rates for 81043020 related to Steel Raspings, Turnings & Granules: Graded by Size, Powders with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-81043020/" --- # HSN Code 81043020: Steel Raspings, Turnings & Granules: Graded by Size, Powders - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 81: Other Base Metals, Cermets, etc](https://busy.in/hsn/chapter-81/) - [Sub-chapter 8104: Magnesium articles](https://busy.in/hsn/sub-chapter-8104/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Raspings, turnings and granules, graded according to size; powders : Powders | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 81043020 ? It includes Other : Other ### Any common misclassification issue with Steel Raspings, Turnings & Granules: Graded by Size, Powders? 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 Steel Raspings, Turnings & Granules: Graded by Size, Powders? Under HSN 81043020, Steel Raspings, Turnings & Granules: Graded by Size, Powders attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Steel Raspings, Turnings & Granules: Graded by Size, Powders? 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. ### How should mixed supplies be billed when Steel Raspings, Turnings & Granules: Graded by Size, Powders is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Steel Raspings, Turnings & Granules: Graded by Size, Powders; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Steel Raspings, Turnings & Granules: Graded by Size, Powders? 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 Steel Raspings, Turnings & Granules: Graded by Size, Powders? 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 81043020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹9 Cr (+11,550.00% YoY) — 0.0003% of India's total exports - Imports: ₹54 Cr (−28.75% YoY) — 0.0009% of India's total imports - Trade balance: −₹45 Cr (Deficit); surplus rank #10168 of 12657 HSN codes - Share of Sub-Chapter 8104: 10.59% of its exports; import side 6.00% - Rank within Sub-Chapter 8104: #4 of 10 by export value; import-side #3 ### Key metrics - Export CAGR: 84.02% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5863 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +11,550.00% in FY 2024-25 - Contribution to Sub-Ch. 8104: 10.59% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 81043020 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. 8104 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8104 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 2.06% | 53.39 | 0.0015% | — | 10.38% | −53.15 | #8692 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +129.17% | 1.87% | 71.37 | 0.0021% | +33.68% | 15.83% | −70.82 | #8133 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −90.91% | 0.35% | 47.79 | 0.0016% | −33.04% | 10.38% | −47.74 | #9546 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +180.00% | 0.11% | 48.95 | 0.0011% | +2.43% | 4.69% | −48.81 | #9373 | | FY 2022-23 | 1.09 | 0.0000% | +678.57% | 0.78% | 70.40 | 0.0012% | +43.82% | 5.55% | −69.31 | #8029 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −92.66% | 0.12% | 76.07 | 0.0014% | +8.05% | 7.92% | −75.99 | #9881 | | FY 2024-25 | 9.32 | 0.0003% | +11,550.00% | 10.59% | 54.20 | 0.0009% | −28.75% | 6.00% | −44.88 | #5863 | - CAGR (7-year): exports 84.02%/yr, imports 0.25%/yr (consistently Deficit) ## Key trade insights: HSN Code 81043020 export-import analysis ### Consistent export growth: 84.02% CAGR over 7 years India's exports under HSN Code 81043020 have grown at a compound annual rate of 84.02% over 7 fiscal years, rising from ₹0.24 Crore in FY 2018-19 to ₹9.32 Crore in FY 2024-25. ### HSN Code 81043020 ranked #5863 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 81043020 ranks #5863 out of 12657 HSN codes by total export value. Within Sub-Chapter 8104, it ranks #4 of 10. By trade surplus, it ranks #10168 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 81043020 exports The strongest single-year export movement for HSN Code 81043020 was recorded in FY 2024-25, when exports surged by 11,550.00% over the prior year. ### India records a trade deficit of ₹44.88 Crore in HSN Code 81043020 goods In FY 2024-25, India's imports of ₹54.20 Cr exceeded exports of ₹9.32 Cr, resulting in a trade deficit of ₹44.88 Crore — ranking #10168 of 12657 by surplus magnitude. ### Import growth of 0.25% CAGR signals stable import dependency for Steel Raspings, Turnings & Granules: Graded by Size, Powders India's imports under HSN Code 81043020 have grown at 0.25% CAGR, reaching ₹54.20 Crore in FY 2024-25. ### HSN Code 81043020 contributes 10.59% of Sub-Chapter 8104 exports — ranked #4 Among the 10 HSN codes under Sub-Chapter 8104, HSN Code 81043020 ranks #4 by export value — accounting for 10.59% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 6.00% share (rank #3). ## Related HSN Codes in Sub-Chapter 8104 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 81049090: Other : Other](https://busy.in/hsn/hsn-81049090/) | ₹30 Cr | | #2 | [HSN Code 81042010: Magnesium Scrap\| Wafer, Walnut, Wine, Etc.](https://busy.in/hsn/hsn-81042010/) | ₹27 Cr | | #3 | [HSN Code 81041100: Unwrought magnesium : Containing at least 99.8% by weight of magnesium](https://busy.in/hsn/hsn-81041100/) | ₹10 Cr | | #4 | HSN Code 81043020: Steel Raspings, Turnings & Granules: Graded by Size, Powders (this hsn code) | ₹9 Cr | | #5 | [HSN Code 81042090: Waste and scrap : Other](https://busy.in/hsn/hsn-81042090/) | ₹7 Cr | | #6 | [HSN Code 81041900: Unwrought Magnesium \| Other](https://busy.in/hsn/hsn-81041900/) | ₹4 Cr | | #7 | [HSN Code 81049010: Magnesium base alloys](https://busy.in/hsn/hsn-81049010/) | < ₹1 Crore | | #8 | [HSN Code 81043010: Graded Raspings/Turnings/Granules](https://busy.in/hsn/hsn-81043010/) | < ₹1 Crore | | #9 | [HSN Code 81049030: Other : Wire](https://busy.in/hsn/hsn-81049030/) | < ₹1 Crore | | — | [HSN Code 81049020: Other \| Flakes](https://busy.in/hsn/hsn-81049020/) | Nil |