HSN Code 81049010: Magnesium base alloys

HSN Code 81049010 represents Magnesium base alloys under GST classification. This code helps businesses identify Magnesium base alloys correctly for billing, taxation, and trade. With HSN Code 81049010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Magnesium base alloys.

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Description of Goods for HSN Code 81049010

HSN Code 81049010 relates to the following description.

Description of Goods

Other : Other magnesium and magnesium base alloys, wrought

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 81049010 not include?

Magnesium base alloys 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

HSN Code 81043020

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

India’s Trade Performance — HSN Code 81049010 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

< ₹1 Crore

−14.86% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹13 Cr

−25.23% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹12 Cr

Trade Deficit

Surplus rank #9213 of 12657 HSN codes

% of Sub-Chapter 8104

FY 2024-25

0.72%

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

Import side: 1.44% of Sub-Chapter 8104’s imports

Rank Within Sub-Chapter 8104

FY 2024-25

#7 of 10

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

Import-side rank: #5 of 10

At a glance

35.90%

Export CAGR

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

#8641

National Export Rank

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

+8,383.33%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.72%

Contribution to Sub-Ch. 8104

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #9190

Balance

−8.17

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.86% of Sub-Ch. 8104

Imports

8.27 ₹ Cr

0.0002% share

— YoY

1.61% of Sub-Ch. 8104

FY 2019-20 Exp. Rank #9131

Balance

−7.17

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+10.00% YoY

0.37% of Sub-Ch. 8104

Imports

7.28 ₹ Cr

0.0002% share

−11.97% YoY

1.61% of Sub-Ch. 8104

FY 2020-21 Exp. Rank #9473

Balance

−8.53

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−45.45% YoY

0.42% of Sub-Ch. 8104

Imports

8.59 ₹ Cr

0.0003% share

+17.99% YoY

1.87% of Sub-Ch. 8104

FY 2021-22 Exp. Rank #6325

Balance

−5.27

Exports

5.09 ₹ Cr

0.0002% share

+8,383.33% YoY

3.87% of Sub-Ch. 8104

Imports

10.36 ₹ Cr

0.0002% share

+20.61% YoY

0.99% of Sub-Ch. 8104

FY 2022-23 Exp. Rank #7921

Balance

−22.24

Exports

1.22 ₹ Cr

0.0000% share

−76.03% YoY

0.87% of Sub-Ch. 8104

Imports

23.46 ₹ Cr

0.0004% share

+126.45% YoY

1.85% of Sub-Ch. 8104

FY 2023-24 Exp. Rank #8500

Balance

−16.70

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−39.34% YoY

1.09% of Sub-Ch. 8104

Imports

17.44 ₹ Cr

0.0003% share

−25.66% YoY

1.82% of Sub-Ch. 8104

FY 2024-25 Exp. Rank #8641

Balance

−12.41

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−14.86% YoY

0.72% of Sub-Ch. 8104

Imports

13.04 ₹ Cr

0.0002% share

−25.23% YoY

1.44% of Sub-Ch. 8104

CAGR · 7-Year

Exports

35.90% /yr

Imports

7.89% /yr

Consistently Deficit
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 81049010 and GST compliance.

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.

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.