HSN code 7224 is the Indian customs classification for 'Other alloy steel in ingots or other primary forms; semi-finished products of other alloy steel.' This heading captures a wide range of alloy steels that are not specifically classified elsewhere in Chapter 72, particularly those in their initial processed forms like ingots, blooms, billets, or bars intended for further manufacturing. Procurement teams, accountants, and Customs House Agents (CHAs) use this code to correctly identify and declare these materials for import/export and GST purposes. Understanding HSN 7224 is crucial for ensuring accurate duty and tax calculations, managing inventory, and sourcing the correct semi-finished alloy steel products vital for various manufacturing processes in India. MetaleMart's catalog includes grades suitable for classification under this heading.
What HSN 7224 Covers
HSN 7224 specifically covers 'Other alloy steel in ingots or other primary forms; and semi-finished products of other alloy steel.' This means it encompasses alloy steels that do not fit into more specialized categories within Chapter 72 of the Indian customs tariff. 'Other alloy steel' refers to steels where the content of elements like manganese, silicon, chromium, nickel, molybdenum, vanadium, etc., exceeds specified limits, imparting distinct properties. Inclusions under HSN 7224:- Ingots: Primary, cast forms of alloy steel.
- Other Primary Forms: Includes irregular lumps or forms resulting from the initial melting and casting process.
- Semi-finished Products: These are intermediate forms like blooms (large rectangular cross-section), billets (smaller square or rectangular cross-section), and possibly rough-rolled or forged bars that are destined for further processing into finished products such as bars, rods, wire, or structural shapes.
- Classification Basis: Materials classified here are 'other alloy steel,' meaning they are not pure iron or non-alloy steel (covered by HSNs starting with 7201-7207, 7213-7215) and are not already specifically accounted for in other 72xx headings for finished products.
- Finished products such as bars, rods, wire, plates, sheets, tubes, pipes, angles, etc., of other alloy steel (these fall under HSNs like 7225, 7226, 7227, 7228).
- Products of iron or non-alloy steel in ingot or semi-finished forms (HSN 7207).
- Powder metallurgy products.
Common Materials & Grades under HSN 7224
- Stainless Steel Billets (e.g., SS 201, SS 304, SS 316 grades): Semi-finished forms of various stainless steel grades used for re-rolling into bars, sheets, or pipes.
- Alloy Steel Blooms (e.g., AISI 4140, 4340): Large, rectangular semi-finished sections of alloy steel, often for forging into critical components.
- Tool Steel Ingots/Billets (e.g., H13, D2 grades): Primary or semi-finished forms of steels designed for hardness and wear resistance, for making tools and dies.
- High-Speed Steel (HSS) Semi-finished Rounds: Alloy steel rounds in HSS grades (like M2, M35) for manufacturing cutting tools.
- Nickel Alloy Ingots: Primary forms of nickel-based alloys before further processing into specialized products.
- Chromium-Molybdenum Steel Billets: Semi-finished products of alloy steels with chromium and molybdenum, used in demanding applications.
Trade Names & Synonyms for HSN 7224
- Alloy Steel Billets
- Alloy Steel Blooms
- Semi-finished Alloy Steel
- Tool Steel Ingots
- High-Speed Steel Billets
- Special Steel Ingots
- Alloy Steel Primary Forms
- Forging Quality Alloy Steel Billets
Typical Industrial Uses for HSN 7224 Materials
- Forging: Billets and blooms are primary materials for forging components like crankshafts, gears, and connecting rods.
- Tool & Die Manufacturing: Ingots and billets of tool steel grades for making dies, molds, and cutting tools.
- Aerospace: High-strength alloy steel semi-finished products for aircraft structural parts.
- Automotive: Manufacturing of critical engine and transmission components requiring specific alloy properties.
- Heavy Machinery: Production of durable parts for construction and mining equipment.
- Custom Alloy Production: Initial forms for producing specialized alloys based on unique customer requirements.
- Metal Fabrication: Raw material for re-rolling or re-forming into specialized bars, rods, or structural sections.
GST Rate (Indicative)
HSN 7224, covering 'Other alloy steel in ingots or other primary forms; semi-finished products of other alloy steel,' typically falls under the 18% GST rate band in India. Buyers and sellers should always verify the precise rate on the CBIC portal, as variations can occur based on specific product specifications or amendments.
Related HSN Codes
- HSN 7207: Semi-finished products of iron or non-alloy steel.
- HSN 7213: Iron or non-alloy steel wire rod.
- HSN 7215: Other bars and rods of iron or non-alloy steel.
- HSN 7225: Other forms of flat-rolled products of other alloy steel.
- HSN 7228: Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel.
- HSN 7229: Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel.
Related on MetaleMart
- Parent: HSN 72 — Iron and steel
- HSN 7201 — PIG IRON AND SPIEGELEISEN IN PIGS, BLOCKS OR OTHER PRIMARY F
- HSN 7202 — FERRO-ALLOYS
- HSN 7203 — FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE AN
- HSN 7204 — FERROUS WASTE AND SCRAP; REMELTING SCRAP INGOTS OF IRON OR S
- Browse all HSN codes
- Metal Grades Library
- Shop industrial metals
Frequently Asked Questions about HSN 7224
What specific types of alloy steel fall under HSN 7224 in India?
HSN 7224 covers all alloy steels in primary forms (ingots) and semi-finished forms (like blooms, billets, or bars ready for further processing), provided they are not covered by more specific headings like 7206-7207 or 7213-7217. This ensures that specialized alloy steels not fitting elsewhere are classified correctly for GST and customs purposes in India. For instance, specific grades of tool steel or high-speed steel in semi-finished forms would fall here if not classified under 7207/7215.
What constitutes 'semi-finished products' under HSN 7224?
For HSN 7224, 'semi-finished products' typically include blooms, billets, and rough-rolled or forged bars. These are intermediate forms of other alloy steel that are ready for further rolling, forging, or drawing into finished products like bars, rods, or wire. Essentially, anything in a basic, workable shape that is an alloy steel and not a finished product or covered by a more specific HSN code would be classified here.
Which industries commonly procure materials under HSN 7224?
HSN 7224 applies to various alloy steels, including stainless steel, tool steel, high-speed steel, and other special alloy steels, when they are in ingot or semi-finished forms. MetaleMart offers examples such as stainless steel billets (e.g., SS 304, SS 316 grades), alloy steel blooms for forging, and semi-finished tool steel rounds. These materials are crucial for manufacturing high-performance components across industries like automotive, aerospace, and heavy machinery.
What is the typical GST rate for HSN 7224?
HSN 7224 generally falls under the 18% GST slab in India. However, specific classifications can sometimes vary. It is always recommended that buyers verify the exact GST rate applicable to their specific product and transaction on the official CBIC portal or consult with their tax advisor to ensure compliance.