What products are classified under HSN 72012000 ?
It includes Non-Alloyed Hot-Rolled Iron
HSN Code 72012000 represents Non-alloyed Pig Iron under GST classification. This code helps businesses identify Non-alloyed Pig Iron correctly for billing, taxation, and trade. With HSN Code 72012000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Non-alloyed Pig Iron.
HSN Code 72012000 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 72 | Iron and steel | 7201 | Pig iron and spiegeleisen in pigs, blocks or other primary forms | Non-alloy pig iron containing by weight more than 0.5% of phosphorus | 9% | 9% | 18% | 0% |
| 72 | Iron and steel | 7201 | Pig iron and spiegeleisen in pigs, blocks or other primary forms | Non-alloy pig iron containing by weight more than 0.5% of phosphorus | 9% | 9% | 18% | 0% |
Non-alloyed Pig Iron does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Non-alloy pig iron containing by weight 0.5% or less of phosphorus | |
| Non-alloy pig iron containing by weight 0.5% or less of phosphorus | |
| Alloy pig iron; spiegeleisen : Cast iron | |
| Alloy pig iron; spiegeleisen : Cast iron | |
| Alloy pig iron; spiegeleisen : Other | |
| Alloy pig iron; spiegeleisen : Other |
Non-alloy pig iron containing by weight 0.5% or less of phosphorus
Non-alloy pig iron containing by weight 0.5% or less of phosphorus
Alloy pig iron; spiegeleisen : Cast iron
Alloy pig iron; spiegeleisen : Cast iron
Alloy pig iron; spiegeleisen : Other
Alloy pig iron; spiegeleisen : Other
It includes Non-Alloyed Hot-Rolled Iron
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Non-alloyed Pig Iron; Nil for exempt items if applicable).
Under HSN 72012000, Non-alloyed Pig Iron attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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.