---
title: "HSN Code for Pig Iron and Iron Ore | HSN 72011000 GST Rate"
description: "Find HSN and GST Rates for 72011000 related to Pig Iron and Iron Ore with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72011000/"
---

# HSN Code 72011000: Pig Iron and Iron Ore

- [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/)
- [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/)
- [Sub-chapter 7201: Pig iron](https://busy.in/hsn/sub-chapter-7201/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Non-alloy pig iron containing by weight 0.5% or less of phosphorus | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72011000 ?

It includes Other Ferroalloys

### How much GST applies to Pig Iron and Iron Ore?

Under HSN 72011000, Pig Iron and Iron Ore attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### How should mixed supplies be billed when Pig Iron and Iron Ore is sold with other items?

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

### Does packaging or labelling change the GST for Pig Iron and Iron Ore?

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.

### Any common misclassification issue with Pig Iron and Iron Ore?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### Can we claim ITC on inputs used to trade Pig Iron and Iron Ore?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

## India's trade performance: HSN Code 72011000 (FY 2024-25)

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

- Exports: ₹974 Cr (−33.36% YoY) — 0.0265% of India's total exports
- Imports: ₹633 Cr (−41.31% YoY) — 0.0104% of India's total imports
- Trade balance: ₹340 Cr (Surplus); surplus rank #833 of 12657 HSN codes
- Share of Sub-Chapter 7201: 99.62% of its exports; import side 56.86%
- Rank within Sub-Chapter 7201: #1 of 4 by export value; import-side #1

### Key metrics

- Export CAGR: 2.90% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #539 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +208.66% in FY 2020-21
- Contribution to Sub-Ch. 7201: 99.62% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72011000

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. 7201 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7201 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 820.37 | 0.0359% | — | 99.55% | 41.01 | 0.0011% | — | 49.76% | +779.36 | #413 |
| FY 2019-20 | 524.25 | 0.0238% | −36.10% | 99.43% | 26.24 | 0.0008% | −36.02% | 45.78% | +498.01 | #618 |
| FY 2020-21 | 1,618.13 | 0.0752% | +208.66% | 99.93% | 29.87 | 0.0010% | +13.83% | 81.28% | +1,588.26 | #209 |
| FY 2021-22 | 3,306.64 | 0.1054% | +104.35% | 98.46% | 32.54 | 0.0007% | +8.94% | 51.10% | +3,274.10 | #137 |
| FY 2022-23 | 2,470.00 | 0.0682% | −25.30% | 90.32% | 385.59 | 0.0067% | +1,084.97% | 78.11% | +2,084.41 | #196 |
| FY 2023-24 | 1,460.98 | 0.0404% | −40.85% | 99.87% | 1,078.96 | 0.0192% | +179.82% | 91.86% | +382.02 | #351 |
| FY 2024-25 | 973.64 | 0.0265% | −33.36% | 99.62% | 633.26 | 0.0104% | −41.31% | 56.86% | +340.38 | #539 |

- CAGR (7-year): exports 2.90%/yr, imports 57.80%/yr (consistently Surplus)

## Key trade insights: HSN Code 72011000 export-import analysis

### Consistent export growth: 2.90% CAGR over 7 years

India's exports under HSN Code 72011000 have grown at a compound annual rate of 2.90% over 7 fiscal years, rising from ₹820.37 Crore in FY 2018-19 to ₹973.64 Crore in FY 2024-25.

### HSN Code 72011000 ranked #539 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72011000 ranks #539 out of 12657 HSN codes by total export value. Within Sub-Chapter 7201, it ranks #1 of 4. By trade surplus, it ranks #833 of 12657.

### FY 2020-21 was the strongest growth year for HSN Code 72011000 exports

The strongest single-year export movement for HSN Code 72011000 was recorded in FY 2020-21, when exports surged by 208.66% over the prior year.

### India maintains a trade surplus of ₹340.38 Crore in HSN Code 72011000 goods

In FY 2024-25, India's exports of ₹973.64 Cr exceeded imports of ₹633.26 Cr, resulting in a trade surplus of ₹340.38 Crore — ranking #833 of 12657 by surplus magnitude.

### Import growth of 57.80% CAGR signals rising demand for Pig Iron and Iron Ore

India's imports under HSN Code 72011000 have grown at 57.80% CAGR, reaching ₹633.26 Crore in FY 2024-25.

### HSN Code 72011000 contributes 99.62% of Sub-Chapter 7201 exports — ranked #1

Among the 4 HSN codes under Sub-Chapter 7201, HSN Code 72011000 ranks #1 by export value — accounting for 99.62% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 56.86% share (rank #1).

## Related HSN Codes in Sub-Chapter 7201

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | HSN Code 72011000: Pig Iron and Iron Ore (this hsn code) | ₹974 Cr |
| #2 | [HSN Code 72012000: Non-alloyed Pig Iron](https://busy.in/hsn/hsn-72012000/) | ₹2 Cr |
| #3 | [HSN Code 72015010: Ferroalloys: Silico Manganese](https://busy.in/hsn/hsn-72015010/) | ₹1 Cr |
| #4 | [HSN Code 72015090: Other Ferroalloys](https://busy.in/hsn/hsn-72015090/) | < ₹1 Crore |