HSN Code 81043020: Steel Raspings, Turnings & Granules: Graded by Size, Powders
HSN Code 81043020 represents Steel Raspings, Turnings & Granules: Graded by Size, Powders under GST classification. This code helps businesses identify Steel Raspings, Turnings & Granules: Graded by Size, Powders correctly for billing, taxation, and trade. With HSN Code 81043020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Steel Raspings, Turnings & Granules: Graded by Size, Powders.
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Description of Goods for HSN Code 81043020
HSN Code 81043020 relates to the following description.
What does HSN Code 81043020 not include?
Steel Raspings, Turnings & Granules: Graded by Size, Powders does not include products with the following descriptions.
Unwrought magnesium : Containing at least 99.8% by weight of magnesium
Unwrought magnesium : Other
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’
Waste and scrap : Other
Raspings, turnings and granules, graded according to size; powders : Raspings, turnings and granules, graded according to size
Other : Other magnesium and magnesium base alloys, wrought
Other : Flakes
Other : Wire
Other : Other
Unwrought magnesium : Containing at least 99.8% by weight of magnesium
Unwrought magnesium : Other
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’
Waste and scrap : Other
Raspings, turnings and granules, graded according to size; powders : Raspings, turnings and granules, graded according to size
Other : Other magnesium and magnesium base alloys, wrought
Other : Flakes
Other : Wire
Other : Other
India’s Trade Performance — HSN Code 81043020 in FY 2024-25
India’s Exports
FY 2024-25₹9 Cr
0.0003% of India’s total exports
India’s Imports
FY 2024-25₹54 Cr
0.0009% of India’s total imports
Trade Balance
FY 2024-25−₹45 Cr
Surplus rank #10168 of 12657 HSN codes
% of Sub-Chapter 8104
FY 2024-2510.59%
Share of Sub-Chapter 8104’s total exports in FY 2024-25
Import side: 6.00% of Sub-Chapter 8104’s imports
Rank Within Sub-Chapter 8104
FY 2024-25#4 of 10
Position by export value among HSN codes in Sub-Chapter 8104
Import-side rank: #3 of 10
At a glance
84.02%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5863
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+11,550.00%
Peak Growth Year
FY 2024-25 · strongest single-year move
10.59%
Contribution to Sub-Ch. 8104
Share of Sub-Chapter 8104 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−53.15
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
2.06% of Sub-Ch. 8104
Imports
53.39 ₹ Cr
0.0015% share
— YoY
10.38% of Sub-Ch. 8104
Balance
−70.82
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+129.17% YoY
1.87% of Sub-Ch. 8104
Imports
71.37 ₹ Cr
0.0021% share
+33.68% YoY
15.83% of Sub-Ch. 8104
Balance
−47.74
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−90.91% YoY
0.35% of Sub-Ch. 8104
Imports
47.79 ₹ Cr
0.0016% share
−33.04% YoY
10.38% of Sub-Ch. 8104
Balance
−48.81
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+180.00% YoY
0.11% of Sub-Ch. 8104
Imports
48.95 ₹ Cr
0.0011% share
+2.43% YoY
4.69% of Sub-Ch. 8104
Balance
−69.31
Exports
1.09 ₹ Cr
0.0000% share
+678.57% YoY
0.78% of Sub-Ch. 8104
Imports
70.40 ₹ Cr
0.0012% share
+43.82% YoY
5.55% of Sub-Ch. 8104
Balance
−75.99
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−92.66% YoY
0.12% of Sub-Ch. 8104
Imports
76.07 ₹ Cr
0.0014% share
+8.05% YoY
7.92% of Sub-Ch. 8104
Balance
−44.88
Exports
9.32 ₹ Cr
0.0003% share
+11,550.00% YoY
10.59% of Sub-Ch. 8104
Imports
54.20 ₹ Cr
0.0009% share
−28.75% YoY
6.00% of Sub-Ch. 8104
CAGR · 7-Year
Exports
84.02% /yr
Imports
0.25% /yr
reference, FY 2024-25
Export
₹88.03 Cr
Import
₹903.34 Cr
Trade Balance
−815.31
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 81043020 and GST compliance.
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.