--- title: "HSN Code for Magnesium base alloys | HSN 81049010 GST Rate" description: "Find HSN and GST Rates for 81049010 related to Magnesium base alloys with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-81049010/" --- # HSN Code 81049010: Magnesium base alloys - [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 | | --- | --- | --- | --- | --- | | Other : Other magnesium and magnesium base alloys, wrought | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 81049010 ? It includes Cobalt Mattes & Intermediate Products ### Can we claim ITC on inputs used to trade Magnesium base alloys? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Magnesium base alloys? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Magnesium base alloys is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Magnesium base alloys; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Magnesium base alloys? 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 Magnesium base alloys? Under HSN 81049010, Magnesium base alloys attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Magnesium base alloys? 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. ## India's trade performance: HSN Code 81049010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−14.86% YoY) — 0.0000% of India's total exports - Imports: ₹13 Cr (−25.23% YoY) — 0.0002% of India's total imports - Trade balance: −₹12 Cr (Deficit); surplus rank #9213 of 12657 HSN codes - Share of Sub-Chapter 8104: 0.72% of its exports; import side 1.44% - Rank within Sub-Chapter 8104: #7 of 10 by export value; import-side #5 ### Key metrics - Export CAGR: 35.90% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8641 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +8,383.33% in FY 2021-22 - Contribution to Sub-Ch. 8104: 0.72% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 81049010 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% | — | 0.86% | 8.27 | 0.0002% | — | 1.61% | −8.17 | #9190 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +10.00% | 0.37% | 7.28 | 0.0002% | −11.97% | 1.61% | −7.17 | #9131 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −45.45% | 0.42% | 8.59 | 0.0003% | +17.99% | 1.87% | −8.53 | #9473 | | FY 2021-22 | 5.09 | 0.0002% | +8,383.33% | 3.87% | 10.36 | 0.0002% | +20.61% | 0.99% | −5.27 | #6325 | | FY 2022-23 | 1.22 | 0.0000% | −76.03% | 0.87% | 23.46 | 0.0004% | +126.45% | 1.85% | −22.24 | #7921 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −39.34% | 1.09% | 17.44 | 0.0003% | −25.66% | 1.82% | −16.70 | #8500 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −14.86% | 0.72% | 13.04 | 0.0002% | −25.23% | 1.44% | −12.41 | #8641 | - CAGR (7-year): exports 35.90%/yr, imports 7.89%/yr (consistently Deficit) ## Key trade insights: HSN Code 81049010 export-import analysis ### Consistent export growth: 35.90% CAGR over 7 years India's exports under HSN Code 81049010 have grown at a compound annual rate of 35.90% over 7 fiscal years, rising from ₹0.10 Crore in FY 2018-19 to ₹0.63 Crore in FY 2024-25. ### HSN Code 81049010 ranked #8641 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 81049010 ranks #8641 out of 12657 HSN codes by total export value. Within Sub-Chapter 8104, it ranks #7 of 10. By trade surplus, it ranks #9213 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 81049010 exports The strongest single-year export movement for HSN Code 81049010 was recorded in FY 2021-22, when exports surged by 8,383.33% over the prior year. ### India records a trade deficit of ₹12.41 Crore in HSN Code 81049010 goods In FY 2024-25, India's imports of ₹13.04 Cr exceeded exports of ₹0.63 Cr, resulting in a trade deficit of ₹12.41 Crore — ranking #9213 of 12657 by surplus magnitude. ### Import growth of 7.89% CAGR signals stable import dependency for Magnesium base alloys India's imports under HSN Code 81049010 have grown at 7.89% CAGR, reaching ₹13.04 Crore in FY 2024-25. ### HSN Code 81049010 contributes 0.72% of Sub-Chapter 8104 exports — ranked #7 Among the 10 HSN codes under Sub-Chapter 8104, HSN Code 81049010 ranks #7 by export value — accounting for 0.72% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.44% share (rank #5). ## 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](https://busy.in/hsn/hsn-81043020/) | ₹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 (this hsn code) | < ₹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 |