---
title: "7224 HSN Code | HSN Code for Other alloy steel products in India"
description: "Know more about 7224 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7224 covering Other alloy steel products."
canonical: "https://busy.in/hsn/sub-chapter-7224/"
---

# HSN Sub-chapter 7224: Other alloy steel products

Other alloy steel in ingots or other primary forms; semi-finished products of other alloy steel

Part of [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/).

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 72241000 | [Ingots And Other Primary Forms](https://busy.in/hsn/hsn-72241000/) |
| 72249010 | [Other \| Of Tool Steel Quality](https://busy.in/hsn/hsn-72249010/) |
| 72249020 | [Other \| Of Die Steel Quality](https://busy.in/hsn/hsn-72249020/) |
| 72249030 | [Cobalt bearing steel](https://busy.in/hsn/hsn-72249030/) |
| 72249040 | [Other \| Forged Blanks Of Alloy Steel](https://busy.in/hsn/hsn-72249040/) |
| 72249091 | [Other \| Other \| Billets](https://busy.in/hsn/hsn-72249091/) |
| 72249099 | [Semi-finished products of other alloy steel \| Other](https://busy.in/hsn/hsn-72249099/) |

## Frequently asked questions

### What products are classified under HSN 7224

It includes Other alloy steel products

### How should I document Other alloy steel products sent for job work?

Use a delivery challan for sending Other alloy steel products to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

### Does packaging or branding change how GST applies to Other alloy steel products?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Other alloy steel products is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

### How do I bill a kit or combo that includes Other alloy steel products?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

### What should my invoice and records include for Other alloy steel products?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

### Does MRP, weight or pack size change GST treatment for Other alloy steel products?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

## India's trade performance: HSN Sub-Chapter 7224 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹1,500 Cr (+442.31% YoY) — 0.0405% of India's total exports
- Imports: ₹246 Cr (−26.28% YoY) — 0.0040% of India's total imports
- Trade balance: ₹1,255 Cr (Surplus); surplus rank #167 of 1233 sub-chapters
- Share of Chapter 72: 1.92% of its exports; import side 0.17%
- Rank within Chapter 72: #10 of 29 by export value; import-side #27

### Key metrics

- Export CAGR: 34.98% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #319 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +442.31% in FY 2024-25
- Contribution to Ch. 72: 1.92% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7224

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 Ch. 72 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 72 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 248.01 | 0.0108% | — | 0.36% | 1,032.12 | 0.0287% | — | 1.17% | −784.11 | #569 |
| FY 2019-20 | 79.92 | 0.0036% | −67.78% | 0.12% | 514.93 | 0.0153% | −50.11% | 0.68% | −435.01 | #768 |
| FY 2020-21 | 268.42 | 0.0125% | +235.86% | 0.30% | 371.30 | 0.0127% | −27.89% | 0.61% | −102.88 | #546 |
| FY 2021-22 | 116.95 | 0.0037% | −56.43% | 0.07% | 275.94 | 0.0060% | −25.68% | 0.29% | −158.99 | #756 |
| FY 2022-23 | 253.12 | 0.0070% | +116.43% | 0.24% | 295.86 | 0.0051% | +7.22% | 0.21% | −42.74 | #646 |
| FY 2023-24 | 276.64 | 0.0076% | +9.29% | 0.28% | 333.35 | 0.0059% | +12.67% | 0.22% | −56.71 | #634 |
| FY 2024-25 | 1,500.26 | 0.0405% | +442.31% | 1.92% | 245.74 | 0.0040% | −26.28% | 0.17% | +1,254.52 | #319 |

- CAGR (7-year): exports 34.98%/yr, imports -21.27%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 7224 export-import analysis

### Consistent export growth: 34.98% CAGR over 7 years

India's exports under HSN Sub-Chapter 7224 have grown at a compound annual rate of 34.98% over 7 fiscal years, rising from ₹248.01 Crore in FY 2018-19 to ₹1,500.26 Crore in FY 2024-25.

### HSN Sub-Chapter 7224 ranked #319 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7224 ranks #319 out of 1233 sub-chapters by total export value. Within Chapter 72, it ranks #10 of 29. By trade surplus, it ranks #167 of 1233.

### FY 2024-25 was the strongest growth year for HSN Sub-Chapter 7224 exports

The strongest single-year export movement for HSN Sub-Chapter 7224 was recorded in FY 2024-25, when exports surged by 442.31% over the prior year.

### India maintains a trade surplus of ₹1,254.52 Crore in HSN Sub-Chapter 7224 goods

In FY 2024-25, India's exports of ₹1,500.26 Cr exceeded imports of ₹245.74 Cr, resulting in a trade surplus of ₹1,254.52 Crore — ranking #167 of 1233 by surplus magnitude.

### Import growth of -21.27% CAGR signals stable import dependency for Other alloy steel products

India's imports under HSN Sub-Chapter 7224 have grown at -21.27% CAGR, reaching ₹245.74 Crore in FY 2024-25.

### HSN Sub-Chapter 7224 contributes 1.92% of Chapter 72 exports — ranked #10

Among the 29 sub-chapters under Chapter 72, HSN Sub-Chapter 7224 ranks #10 by export value — accounting for 1.92% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.17% share (rank #27).

## Related Sub-Chapters in Chapter 72

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7202: Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) | ₹21,917 Cr |
| #2 | [HSN Sub-Chapter 7222: Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) | ₹9,436 Cr |
| #3 | [HSN Sub-Chapter 7210: Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) | ₹8,733 Cr |
| #4 | [HSN Sub-Chapter 7208: Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) | ₹6,913 Cr |
| #5 | [HSN Sub-Chapter 7219: Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) | ₹4,569 Cr |
| #6 | [HSN Sub-Chapter 7203: Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) | ₹4,077 Cr |
| #7 | [HSN Sub-Chapter 7223: Wire of stainless steel](https://busy.in/hsn/sub-chapter-7223/) | ₹3,561 Cr |
| #8 | [HSN Sub-Chapter 7207: Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) | ₹3,154 Cr |
| #9 | [HSN Sub-Chapter 7209: Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) | ₹2,527 Cr |
| #10 | HSN Sub-Chapter 7224: Other alloy steel products (this hsn sub-chapter) | ₹1,500 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7201 | [Pig iron](https://busy.in/hsn/sub-chapter-7201/) |
| 7202 | [Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) |
| 7203 | [Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) |
| 7204 | [Ferrous scrap](https://busy.in/hsn/sub-chapter-7204/) |
| 7205 | [Iron Powders](https://busy.in/hsn/sub-chapter-7205/) |
| 7206 | [Primary Iron & Steel](https://busy.in/hsn/sub-chapter-7206/) |
| 7207 | [Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) |
| 7208 | [Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) |
| 7209 | [Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) |
| 7210 | [Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) |
| 7211 | [Flat-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7211/) |
| 7212 | [Flat Iron & Steel](https://busy.in/hsn/sub-chapter-7212/) |
| 7213 | [Wood pulp products](https://busy.in/hsn/sub-chapter-7213/) |
| 7214 | [Iron or steel rods and bars](https://busy.in/hsn/sub-chapter-7214/) |
| 7215 | [Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7215/) |
| 7216 | [Iron anchors and grapnels](https://busy.in/hsn/sub-chapter-7216/) |
| 7217 | [Iron/non-alloy steel wire](https://busy.in/hsn/sub-chapter-7217/) |
| 7218 | [Stainless steel products](https://busy.in/hsn/sub-chapter-7218/) |
| 7219 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) |
| 7220 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7220/) |
| 7221 | [Stainless steel bars and rods](https://busy.in/hsn/sub-chapter-7221/) |
| 7222 | [Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) |
| 7223 | [Wire of stainless steel](https://busy.in/hsn/sub-chapter-7223/) |
| 7225 | [Alloy steel flat products](https://busy.in/hsn/sub-chapter-7225/) |
| 7226 | [Hot-rolled alloy steel](https://busy.in/hsn/sub-chapter-7226/) |
| 7227 | [Aluminum fittings](https://busy.in/hsn/sub-chapter-7227/) |
| 7228 | [Alloy Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7228/) |
| 7229 | [Alloy Steel Wire](https://busy.in/hsn/sub-chapter-7229/) |