HSN Code 72023000: Iron Tubes and Pipes

HSN Code 72023000 represents Iron Tubes and Pipes under GST classification. This code helps businesses identify Iron Tubes and Pipes correctly for billing, taxation, and trade. With HSN Code 72023000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron Tubes and Pipes.

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Description of Goods for HSN Code 72023000

HSN Code 72023000 relates to the following description.

Description of Goods

Ferro-silico-manganese

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72023000 not include?

Iron Tubes and Pipes does not include products with the following descriptions.

HSN Code 72029911

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-phosphorus

HSN Code 72029912

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-selenium

HSN Code 72029913

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-cobalt

HSN Code 72029914

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-columbium

HSN Code 72029915

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-zirconium

HSN Code 72029916

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-tantalum

HSN Code 72029921

Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-zirconium

HSN Code 72029922

Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-magnesium

India’s Trade Performance — HSN Code 72023000 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹8,619 Cr

+4.42% vs FY 2023-24

0.2342% of India’s total exports

India’s Imports

FY 2024-25

₹135 Cr

−36.20% vs FY 2023-24

0.0022% of India’s total imports

Trade Balance

FY 2024-25

₹8,485 Cr

Trade Surplus

Surplus rank #37 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

39.33%

Share of Sub-Chapter 7202’s total exports in FY 2024-25

Import side: 1.45% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#1 of 25

Position by export value among HSN codes in Sub-Chapter 7202

Import-side rank: #11 of 25

At a glance

8.34%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#46

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+125.73%

Peak Growth Year

FY 2021-22 · strongest single-year move

39.33%

Contribution to Sub-Ch. 7202

Share of Sub-Chapter 7202 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #50

Balance

+5,309.19

Exports

5,329.66 ₹ Cr

0.2333% share

— YoY

35.62% of Sub-Ch. 7202

Imports

20.47 ₹ Cr

0.0006% share

— YoY

0.27% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #66

Balance

+4,403.01

Exports

4,437.45 ₹ Cr

0.2016% share

−16.74% YoY

37.57% of Sub-Ch. 7202

Imports

34.44 ₹ Cr

0.0010% share

+68.25% YoY

0.54% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #54

Balance

+4,977.97

Exports

5,032.60 ₹ Cr

0.2340% share

+13.41% YoY

39.40% of Sub-Ch. 7202

Imports

54.63 ₹ Cr

0.0019% share

+58.62% YoY

0.99% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #34

Balance

+11,085.93

Exports

11,360.07 ₹ Cr

0.3620% share

+125.73% YoY

41.88% of Sub-Ch. 7202

Imports

274.14 ₹ Cr

0.0060% share

+401.81% YoY

2.22% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #32

Balance

+11,439.35

Exports

11,717.92 ₹ Cr

0.3236% share

+3.15% YoY

43.48% of Sub-Ch. 7202

Imports

278.57 ₹ Cr

0.0048% share

+1.62% YoY

2.84% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #49

Balance

+8,043.60

Exports

8,254.86 ₹ Cr

0.2282% share

−29.55% YoY

34.92% of Sub-Ch. 7202

Imports

211.26 ₹ Cr

0.0038% share

−24.16% YoY

2.41% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #46

Balance

+8,484.70

Exports

8,619.48 ₹ Cr

0.2342% share

+4.42% YoY

39.33% of Sub-Ch. 7202

Imports

134.78 ₹ Cr

0.0022% share

−36.20% YoY

1.45% of Sub-Ch. 7202

CAGR · 7-Year

Exports

8.34% /yr

Imports

36.90% /yr

Consistently Surplus
Sub-Chapter 7202 total

reference, FY 2024-25

Export

₹21,917.07 Cr

Import

₹9,295.91 Cr

Trade Balance

+12,621.16

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72023000 and GST compliance.

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.

Important Disclaimer

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.