HSN Code 72012000: Non-alloyed Pig 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 or export of Non-alloyed Pig Iron.
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Description of Goods for HSN Code 72012000
HSN Code 72012000 relates to the following description.
What does HSN Code 72012000 not include?
Non-alloyed Pig Iron does not include products with the following descriptions.
Non-alloy pig iron containing by weight 0.5% or less of phosphorus
Alloy pig iron; spiegeleisen : Cast iron
Alloy pig iron; spiegeleisen : Other
India’s Trade Performance — HSN Code 72012000 in FY 2024-25
India’s Exports
FY 2024-25₹2 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹2 Cr
Surplus rank #4165 of 12657 HSN codes
% of Sub-Chapter 7201
FY 2024-250.25%
Share of Sub-Chapter 7201’s total exports in FY 2024-25
Import side: 0.01% of Sub-Chapter 7201’s imports
Rank Within Sub-Chapter 7201
FY 2024-25#2 of 4
Position by export value among HSN codes in Sub-Chapter 7201
Import-side rank: #4 of 4
At a glance
5.27%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7397
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+2,456.52%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.25%
Contribution to Sub-Ch. 7201
Share of Sub-Chapter 7201 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 72012000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−6.56
Exports
1.83 ₹ Cr
0.0001% share
— YoY
0.22% of Sub-Ch. 7201
Imports
8.39 ₹ Cr
0.0002% share
— YoY
10.18% of Sub-Ch. 7201
Balance
+1.29
Exports
1.29 ₹ Cr
0.0001% share
−29.51% YoY
0.24% of Sub-Ch. 7201
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7201
Balance
−1.70
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−82.17% YoY
0.01% of Sub-Ch. 7201
Imports
1.93 ₹ Cr
0.0001% share
— YoY
5.25% of Sub-Ch. 7201
Balance
+5.88
Exports
5.88 ₹ Cr
0.0002% share
+2,456.52% YoY
0.18% of Sub-Ch. 7201
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7201
Balance
−0.36
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−95.41% YoY
0.01% of Sub-Ch. 7201
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.13% of Sub-Ch. 7201
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7201
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7201
Balance
+2.35
Exports
2.49 ₹ Cr
0.0001% share
— YoY
0.25% of Sub-Ch. 7201
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.01% of Sub-Ch. 7201
CAGR · 7-Year
Exports
5.27% /yr
Imports
−49.45% /yr
reference, FY 2024-25
Export
₹977.33 Cr
Import
₹1,113.74 Cr
Trade Balance
−136.41
Key Trade Insights: HSN Code 72012000 Export-Import Analysis
Consistent Export Growth: 5.27% CAGR Over 7 Years
India's exports under HSN Code 72012000 have grown at a compound annual rate of 5.27% over 7 fiscal years, rising from ₹1.83 Crore in FY 2018-19 to ₹2.49 Crore in FY 2024-25.
HSN Code 72012000 Ranked #7397 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 72012000 ranks #7397 out of 12657 HSN codes by total export value. Within Sub-Chapter 7201, it ranks #2 of 4. By trade surplus, it ranks #4165 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 72012000 Exports
The strongest single-year export movement for HSN Code 72012000 was recorded in FY 2021-22, when exports surged by 2,456.52% over the prior year.
India Maintains a Trade Surplus of ₹2.35 Crore in HSN Code 72012000 Goods
In FY 2024-25, India's exports of ₹2.49 Cr exceeded imports of ₹0.14 Cr, resulting in a trade surplus of ₹2.35 Crore — ranking #4165 of 12657 by surplus magnitude.
Import Growth of −49.45% CAGR Signals Stable Import Dependency for Non-alloyed Pig Iron
India's imports under HSN Code 72012000 have grown at −49.45% CAGR, reaching ₹0.14 Crore in FY 2024-25.
HSN Code 72012000 Contributes 0.25% of Sub-Chapter 7201 Exports — Ranked #2
Among the 4 HSN codes under Sub-Chapter 7201, HSN Code 72012000 ranks #2 by export value — accounting for 0.25% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #4).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72012000 and GST compliance.
What products are classified under HSN 72012000 ?
It includes Non-Alloyed Hot-Rolled Iron
How should mixed supplies be billed when Non-alloyed Pig Iron is sold with other items?
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).
How much GST applies to Non-alloyed Pig Iron?
Under HSN 72012000, Non-alloyed Pig Iron attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Any common misclassification issue with Non-alloyed Pig Iron?
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 Non-alloyed Pig Iron?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Does packaging or labelling change the GST for Non-alloyed Pig Iron?
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.