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HSN Code 81043020: Magnesium Powders

HSN Code 81043020 represents Magnesium Powders under GST classification. This code helps businesses identify Magnesium 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 Magnesium Powders.

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Description of Goods for HSN Code 81043020

HSN Code 81043020 relates to the following description.

Description of Goods

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

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 81043020 not include?

Magnesium Powders does not include products with the following descriptions.

HSN Code 81042010

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’

HSN Code 81043010

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

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India’s Trade Performance — HSN Code 81043020 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

< ₹1 Crore

−94.42% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹22 Cr

−60.28% vs FY 2024-25

0.0003% of India’s total imports

Trade Balance

FY 2025-26

−₹21 Cr

Trade Deficit

Surplus rank #9656 of 12872 HSN codes

% of Sub-Chapter 8104

FY 2025-26

0.58%

Share of Sub-Chapter 8104’s total exports in FY 2025-26

Import side: 2.39% of Sub-Chapter 8104’s imports

Rank Within Sub-Chapter 8104

FY 2025-26

#7 of 10

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

Import-side rank: #4 of 10

At a glance

11.68%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#8920

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+11,550.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.58%

Contribution to Sub-Ch. 8104

Share of Sub-Chapter 8104 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 81043020

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #8692

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

FY 2019-20 Exp. Rank #8133

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

FY 2020-21 Exp. Rank #9546

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

FY 2021-22 Exp. Rank #9373

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

FY 2022-23 Exp. Rank #8029

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

FY 2023-24 Exp. Rank #9881

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

FY 2024-25 Exp. Rank #5863

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

FY 2025-26 Exp. Rank #8920

Balance

−21.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−94.42% YoY

0.58% of Sub-Ch. 8104

Imports

21.53 ₹ Cr

0.0003% share

−60.28% YoY

2.39% of Sub-Ch. 8104

CAGR · 8-Year

Exports

11.68% /yr

Imports

−12.17% /yr

Consistently Deficit
Sub-Chapter 8104 total

reference, FY 2025-26

Export

₹89.71 Cr

Import

₹901.77 Cr

Trade Balance

−812.06

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

Key Trade Insights: HSN Code 81043020 Export-Import Analysis

Consistent Export Growth: 11.68% CAGR Over 8 Years

India's exports under HSN Code 81043020 have grown at a compound annual rate of 11.68% over 8 fiscal years, rising from ₹0.24 Crore in FY 2018-19 to ₹0.52 Crore in FY 2025-26.

HSN Code 81043020 Ranked #8920 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 81043020 ranks #8920 out of 12872 HSN codes by total export value. Within Sub-Chapter 8104, it ranks #7 of 10. By trade surplus, it ranks #9656 of 12872.

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 ₹21.01 Crore in HSN Code 81043020 Goods

In FY 2025-26, India's imports of ₹21.53 Cr exceeded exports of ₹0.52 Cr, resulting in a trade deficit of ₹21.01 Crore — ranking #9656 of 12872 by surplus magnitude.

Import Growth of −12.17% CAGR Signals Stable Import Dependency for Magnesium Powders

India's imports under HSN Code 81043020 have grown at −12.17% CAGR, reaching ₹21.53 Crore in FY 2025-26.

HSN Code 81043020 Contributes 0.58% of Sub-Chapter 8104 Exports — Ranked #7

Among the 10 HSN codes under Sub-Chapter 8104, HSN Code 81043020 ranks #7 by export value — accounting for 0.58% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 2.39% share (rank #4).

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 Magnesium 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 Magnesium Powders?

Under HSN 81043020, Magnesium Powders attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Magnesium 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 Magnesium Powders is sold with other items?

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

Can we claim ITC on inputs used to trade Magnesium 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 Magnesium 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.

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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.