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HSN Code 72024100: Ferro-Chromium Containing More Than 4% Carbon

HSN Code 72024100 represents Ferro-Chromium Containing More Than 4% Carbon under GST classification. This code helps businesses identify Ferro-Chromium Containing More Than 4% Carbon correctly for billing, taxation, and trade. With HSN Code 72024100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ferro-Chromium Containing More Than 4% Carbon.

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Description of Goods for HSN Code 72024100

HSN Code 72024100 relates to the following description.

Description of Goods

Ferro-chromium : Containing by weight more than 4% of carbon

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72024100 not include?

Ferro-Chromium Containing More Than 4% Carbon 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

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India’s Trade Performance — HSN Code 72024100 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹5,063 Cr

+5.06% vs FY 2024-25

0.1298% of India’s total exports

India’s Imports

FY 2025-26

₹66 Cr

−57.48% vs FY 2024-25

0.0010% of India’s total imports

Trade Balance

FY 2025-26

₹4,997 Cr

Trade Surplus

Surplus rank #69 of 12872 HSN codes

% of Sub-Chapter 7202

FY 2025-26

19.79%

Share of Sub-Chapter 7202’s total exports in FY 2025-26

Import side: 0.81% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2025-26

#2 of 25

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

Import-side rank: #11 of 25

At a glance

−3.71%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#109

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+52.05%

Peak Growth Year

FY 2021-22 · strongest single-year move

19.79%

Contribution to Sub-Ch. 7202

Share of Sub-Chapter 7202 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 72024100

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #35

Balance

+6,349.32

Exports

6,594.77 ₹ Cr

0.2886% share

— YoY

44.08% of Sub-Ch. 7202

Imports

245.45 ₹ Cr

0.0068% share

— YoY

3.24% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #57

Balance

+4,595.88

Exports

4,824.31 ₹ Cr

0.2192% share

−26.85% YoY

40.85% of Sub-Ch. 7202

Imports

228.43 ₹ Cr

0.0068% share

−6.93% YoY

3.60% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #57

Balance

+4,713.01

Exports

4,967.53 ₹ Cr

0.2310% share

+2.97% YoY

38.89% of Sub-Ch. 7202

Imports

254.52 ₹ Cr

0.0087% share

+11.42% YoY

4.60% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #49

Balance

+7,046.51

Exports

7,552.90 ₹ Cr

0.2407% share

+52.05% YoY

27.85% of Sub-Ch. 7202

Imports

506.39 ₹ Cr

0.0111% share

+98.96% YoY

4.11% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #49

Balance

+7,467.48

Exports

7,954.04 ₹ Cr

0.2197% share

+5.31% YoY

29.52% of Sub-Ch. 7202

Imports

486.56 ₹ Cr

0.0085% share

−3.92% YoY

4.96% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #52

Balance

+7,534.93

Exports

7,950.50 ₹ Cr

0.2197% share

−0.04% YoY

33.64% of Sub-Ch. 7202

Imports

415.57 ₹ Cr

0.0074% share

−14.59% YoY

4.75% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #101

Balance

+4,663.35

Exports

4,818.98 ₹ Cr

0.1309% share

−39.39% YoY

21.99% of Sub-Ch. 7202

Imports

155.63 ₹ Cr

0.0026% share

−62.55% YoY

1.67% of Sub-Ch. 7202

FY 2025-26 Exp. Rank #109

Balance

+4,996.59

Exports

5,062.76 ₹ Cr

0.1298% share

+5.06% YoY

19.79% of Sub-Ch. 7202

Imports

66.17 ₹ Cr

0.0010% share

−57.48% YoY

0.81% of Sub-Ch. 7202

CAGR · 8-Year

Exports

−3.71% /yr

Imports

−17.08% /yr

Consistently Surplus
Sub-Chapter 7202 total

reference, FY 2025-26

Export

₹25,580.83 Cr

Import

₹8,182.99 Cr

Trade Balance

+17,397.84

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

Key Trade Insights: HSN Code 72024100 Export-Import Analysis

Export Decline: −3.71% CAGR Over 8 Years

India's exports under HSN Code 72024100 have declined at a compound annual rate of −3.71% over 8 fiscal years, falling from ₹6,594.77 Crore in FY 2018-19 to ₹5,062.76 Crore in FY 2025-26.

HSN Code 72024100 Ranked #109 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72024100 ranks #109 out of 12872 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #2 of 25. By trade surplus, it ranks #69 of 12872.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72024100 Exports

The strongest single-year export movement for HSN Code 72024100 was recorded in FY 2021-22, when exports surged by 52.05% over the prior year.

India Maintains a Trade Surplus of ₹4,996.59 Crore in HSN Code 72024100 Goods

In FY 2025-26, India's exports of ₹5,062.76 Cr exceeded imports of ₹66.17 Cr, resulting in a trade surplus of ₹4,996.59 Crore — ranking #69 of 12872 by surplus magnitude.

Import Growth of −17.08% CAGR Signals Stable Import Dependency for Ferro-Chromium Containing More Than 4% Carbon

India's imports under HSN Code 72024100 have grown at −17.08% CAGR, reaching ₹66.17 Crore in FY 2025-26.

HSN Code 72024100 Contributes 19.79% of Sub-Chapter 7202 Exports — Ranked #2

Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72024100 ranks #2 by export value — accounting for 19.79% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.81% share (rank #11).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72024100 and GST compliance.

What products are classified under HSN 72024100 ?

It includes Flat-Rolled Iron and Steel

Do e‑way bill and e‑invoice apply for Ferro-Chromium Containing More Than 4% Carbon?

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.

Can we claim ITC on inputs used to trade Ferro-Chromium Containing More Than 4% Carbon?

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

How should mixed supplies be billed when Ferro-Chromium Containing More Than 4% Carbon is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ferro-Chromium Containing More Than 4% Carbon; Nil for exempt items if applicable).

How much GST applies to Ferro-Chromium Containing More Than 4% Carbon?

Under HSN 72024100, Ferro-Chromium Containing More Than 4% Carbon attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Ferro-Chromium Containing More Than 4% Carbon?

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 Ferro-Chromium Containing More Than 4% Carbon?

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

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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.