HSN Code 72024100: Tubes and Pipes of Cast Iron

HSN Code 72024100 represents Tubes and Pipes of Cast Iron under GST classification. This code helps businesses identify Tubes and Pipes of Cast Iron 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 Tubes and Pipes of Cast Iron.

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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?

Tubes and Pipes of Cast Iron 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 72024100 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

₹4,819 Cr

−39.39% vs FY 2023-24

0.1309% of India’s total exports

India’s Imports

FY 2024-25

₹156 Cr

−62.55% vs FY 2023-24

0.0026% of India’s total imports

Trade Balance

FY 2024-25

₹4,663 Cr

Trade Surplus

Surplus rank #77 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

21.99%

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

Import side: 1.67% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#2 of 25

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

Import-side rank: #10 of 25

At a glance

−5.09%

Export CAGR

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

#101

National Export Rank

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

+52.05%

Peak Growth Year

FY 2021-22 · strongest single-year move

21.99%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for HSN Code 72024100

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 #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

CAGR · 7-Year

Exports

−5.09% /yr

Imports

−7.31% /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 72024100 Export-Import Analysis

Export Decline: −5.09% CAGR Over 7 Years

India's exports under HSN Code 72024100 have declined at a compound annual rate of −5.09% over 7 fiscal years, falling from ₹6,594.77 Crore in FY 2018-19 to ₹4,818.98 Crore in FY 2024-25.

HSN Code 72024100 Ranked #101 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72024100 ranks #101 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #2 of 25. By trade surplus, it ranks #77 of 12657.

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 ₹4,663.35 Crore in HSN Code 72024100 Goods

In FY 2024-25, India's exports of ₹4,818.98 Cr exceeded imports of ₹155.63 Cr, resulting in a trade surplus of ₹4,663.35 Crore — ranking #77 of 12657 by surplus magnitude.

Import Growth of −7.31% CAGR Signals Stable Import Dependency for Tubes and Pipes of Cast Iron

India's imports under HSN Code 72024100 have grown at −7.31% CAGR, reaching ₹155.63 Crore in FY 2024-25.

HSN Code 72024100 Contributes 21.99% 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 21.99% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.67% share (rank #10).

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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 Tubes and Pipes of Cast Iron?

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 Tubes and Pipes of Cast Iron?

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 Tubes and Pipes of Cast Iron is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Tubes and Pipes of Cast Iron; Nil for exempt items if applicable).

How much GST applies to Tubes and Pipes of Cast Iron?

Under HSN 72024100, Tubes and Pipes of Cast Iron attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Tubes and Pipes of Cast 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.

Any common misclassification issue with Tubes and Pipes of Cast Iron?

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

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.