--- title: "HSN Code for Iron Tubes and Pipes | HSN 72023000 GST Rate" description: "Find HSN and GST Rates for 72023000 related to Iron Tubes and Pipes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72023000/" --- # HSN Code 72023000: Iron Tubes and Pipes - [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 7202: Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Ferro-silico-manganese | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72023000 ? It includes Wool Jerseys (>Rs. 1000) ### How should mixed supplies be billed when Iron Tubes and Pipes is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Iron Tubes and Pipes; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Iron Tubes and Pipes? 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. ### Can we claim ITC on inputs used to trade Iron Tubes and Pipes? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Iron Tubes and Pipes? Under HSN 72023000, Iron Tubes and Pipes attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Iron Tubes and Pipes? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ## India's trade performance: HSN Code 72023000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹8,619 Cr (+4.42% YoY) — 0.2342% of India's total exports - Imports: ₹135 Cr (−36.20% YoY) — 0.0022% of India's total imports - Trade balance: ₹8,485 Cr (Surplus); surplus rank #37 of 12657 HSN codes - Share of Sub-Chapter 7202: 39.33% of its exports; import side 1.45% - Rank within Sub-Chapter 7202: #1 of 25 by export value; import-side #11 ### Key metrics - Export CAGR: 8.34% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #46 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +125.73% in FY 2021-22 - Contribution to Sub-Ch. 7202: 39.33% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72023000 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. 7202 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7202 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 5,329.66 | 0.2333% | — | 35.62% | 20.47 | 0.0006% | — | 0.27% | +5,309.19 | #50 | | FY 2019-20 | 4,437.45 | 0.2016% | −16.74% | 37.57% | 34.44 | 0.0010% | +68.25% | 0.54% | +4,403.01 | #66 | | FY 2020-21 | 5,032.60 | 0.2340% | +13.41% | 39.40% | 54.63 | 0.0019% | +58.62% | 0.99% | +4,977.97 | #54 | | FY 2021-22 | 11,360.07 | 0.3620% | +125.73% | 41.88% | 274.14 | 0.0060% | +401.81% | 2.22% | +11,085.93 | #34 | | FY 2022-23 | 11,717.92 | 0.3236% | +3.15% | 43.48% | 278.57 | 0.0048% | +1.62% | 2.84% | +11,439.35 | #32 | | FY 2023-24 | 8,254.86 | 0.2282% | −29.55% | 34.92% | 211.26 | 0.0038% | −24.16% | 2.41% | +8,043.60 | #49 | | FY 2024-25 | 8,619.48 | 0.2342% | +4.42% | 39.33% | 134.78 | 0.0022% | −36.20% | 1.45% | +8,484.70 | #46 | - CAGR (7-year): exports 8.34%/yr, imports 36.90%/yr (consistently Surplus) ## Key trade insights: HSN Code 72023000 export-import analysis ### Consistent export growth: 8.34% CAGR over 7 years India's exports under HSN Code 72023000 have grown at a compound annual rate of 8.34% over 7 fiscal years, rising from ₹5,329.66 Crore in FY 2018-19 to ₹8,619.48 Crore in FY 2024-25. ### HSN Code 72023000 ranked #46 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72023000 ranks #46 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #1 of 25. By trade surplus, it ranks #37 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72023000 exports The strongest single-year export movement for HSN Code 72023000 was recorded in FY 2021-22, when exports surged by 125.73% over the prior year. ### India maintains a trade surplus of ₹8,484.70 Crore in HSN Code 72023000 goods In FY 2024-25, India's exports of ₹8,619.48 Cr exceeded imports of ₹134.78 Cr, resulting in a trade surplus of ₹8,484.70 Crore — ranking #37 of 12657 by surplus magnitude. ### Import growth of 36.90% CAGR signals rising demand for Iron Tubes and Pipes India's imports under HSN Code 72023000 have grown at 36.90% CAGR, reaching ₹134.78 Crore in FY 2024-25. ### HSN Code 72023000 contributes 39.33% of Sub-Chapter 7202 exports — ranked #1 Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72023000 ranks #1 by export value — accounting for 39.33% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.45% share (rank #11). ## Related HSN Codes in Sub-Chapter 7202 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 72023000: Iron Tubes and Pipes (this hsn code) | ₹8,619 Cr | | #2 | [HSN Code 72024100: Tubes and Pipes of Cast Iron](https://busy.in/hsn/hsn-72024100/) | ₹4,819 Cr | | #3 | [HSN Code 72021100: Non-Alloyed Hot-Rolled Iron](https://busy.in/hsn/hsn-72021100/) | ₹4,716 Cr | | #4 | [HSN Code 72021900: Alloy Hot-Rolled Iron](https://busy.in/hsn/hsn-72021900/) | ₹2,009 Cr | | #5 | [HSN Code 72024900: Other Cast Iron Tubes and Pipes](https://busy.in/hsn/hsn-72024900/) | ₹680 Cr | | #6 | [HSN Code 72022100: Non-Alloyed Cold-Rolled Iron](https://busy.in/hsn/hsn-72022100/) | ₹376 Cr | | #7 | [HSN Code 72027000: Other Flat-Rolled Iron and Steel](https://busy.in/hsn/hsn-72027000/) | ₹315 Cr | | #8 | [HSN Code 72029922: Cold-Rolled Steel Strip - Alloy](https://busy.in/hsn/hsn-72029922/) | ₹122 Cr | | #9 | [HSN Code 72029100: Cold-Rolled Flat Iron and Steel](https://busy.in/hsn/hsn-72029100/) | ₹106 Cr | | #10 | [HSN Code 72022900: Alloy Cold-Rolled Iron](https://busy.in/hsn/hsn-72022900/) | ₹53 Cr |