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HSN Code 72024900: Ferro-Chromium Containing 4% or Less Carbon
HSN Code 72024900 represents Ferro-Chromium Containing 4% or Less Carbon under GST classification. This code helps businesses identify Ferro-Chromium Containing 4% or Less Carbon correctly for billing, taxation, and trade. With HSN Code 72024900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ferro-Chromium Containing 4% or Less Carbon.
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Description of Goods for HSN Code 72024900
HSN Code 72024900 relates to the following description.
What does HSN Code 72024900 not include?
Ferro-Chromium Containing 4% or Less Carbon does not include products with the following descriptions.
Ferro-manganese : Containing by weight more than 2% of carbon
Ferro-manganese : Other
Ferro-silicon : Containing by weight more than 55% of silicon
Ferro-silicon : Other
Ferro-silico-manganese
Ferro-chromium : Containing by weight more than 4% of carbon
Ferro-silico-chromium
Ferro-nickel
Ferro-molybdenum
Ferro tungsten and ferro-silico-tungsten
Other : Ferro-titanium and Ferro-silico-titanium
Other : Ferro-vanadium
Other : Ferro-niobium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-phosphorus
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-selenium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-cobalt
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-columbium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-zirconium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-tantalum
Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-zirconium
Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-magnesium
Other : Other : Ferro-boron, charge-chrome : Ferro-boron
Other : Other : Ferro-boron, charge-chrome : Charge-chrome
Other : Other : Ferro-boron, charge-chrome : Other
Ferro-manganese : Containing by weight more than 2% of carbon
Ferro-manganese : Other
Ferro-silicon : Containing by weight more than 55% of silicon
Ferro-silicon : Other
Ferro-silico-manganese
Ferro-chromium : Containing by weight more than 4% of carbon
Ferro-silico-chromium
Ferro-nickel
Ferro-molybdenum
Ferro tungsten and ferro-silico-tungsten
Other : Ferro-titanium and Ferro-silico-titanium
Other : Ferro-vanadium
Other : Ferro-niobium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-phosphorus
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-selenium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-cobalt
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-columbium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-zirconium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-tantalum
Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-zirconium
Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-magnesium
Other : Other : Ferro-boron, charge-chrome : Ferro-boron
Other : Other : Ferro-boron, charge-chrome : Charge-chrome
Other : Other : Ferro-boron, charge-chrome : Other
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India’s Trade Performance — HSN Code 72024900 in FY 2025-26
India’s Exports
FY 2025-26₹767 Cr
0.0197% of India’s total exports
India’s Imports
FY 2025-26₹22 Cr
0.0003% of India’s total imports
Trade Balance
FY 2025-26₹745 Cr
Surplus rank #487 of 12872 HSN codes
% of Sub-Chapter 7202
FY 2025-263.00%
Share of Sub-Chapter 7202’s total exports in FY 2025-26
Import side: 0.27% of Sub-Chapter 7202’s imports
Rank Within Sub-Chapter 7202
FY 2025-26#5 of 25
Position by export value among HSN codes in Sub-Chapter 7202
Import-side rank: #15 of 25
At a glance
43.39%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#753
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+417.64%
Peak Growth Year
FY 2021-22 · strongest single-year move
3.00%
Contribution to Sub-Ch. 7202
Share of Sub-Chapter 7202 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72024900
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−252.41
Exports
61.55 ₹ Cr
0.0027% share
— YoY
0.41% of Sub-Ch. 7202
Imports
313.96 ₹ Cr
0.0088% share
— YoY
4.15% of Sub-Ch. 7202
Balance
−105.76
Exports
55.19 ₹ Cr
0.0025% share
−10.33% YoY
0.47% of Sub-Ch. 7202
Imports
160.95 ₹ Cr
0.0048% share
−48.74% YoY
2.54% of Sub-Ch. 7202
Balance
−208.74
Exports
26.47 ₹ Cr
0.0012% share
−52.04% YoY
0.21% of Sub-Ch. 7202
Imports
235.21 ₹ Cr
0.0081% share
+46.14% YoY
4.25% of Sub-Ch. 7202
Balance
−192.68
Exports
137.02 ₹ Cr
0.0044% share
+417.64% YoY
0.51% of Sub-Ch. 7202
Imports
329.70 ₹ Cr
0.0072% share
+40.17% YoY
2.67% of Sub-Ch. 7202
Balance
+80.19
Exports
351.00 ₹ Cr
0.0097% share
+156.17% YoY
1.30% of Sub-Ch. 7202
Imports
270.81 ₹ Cr
0.0047% share
−17.86% YoY
2.76% of Sub-Ch. 7202
Balance
+682.23
Exports
877.13 ₹ Cr
0.0242% share
+149.89% YoY
3.71% of Sub-Ch. 7202
Imports
194.90 ₹ Cr
0.0035% share
−28.03% YoY
2.23% of Sub-Ch. 7202
Balance
+581.34
Exports
680.33 ₹ Cr
0.0185% share
−22.44% YoY
3.10% of Sub-Ch. 7202
Imports
98.99 ₹ Cr
0.0016% share
−49.21% YoY
1.06% of Sub-Ch. 7202
Balance
+744.71
Exports
767.20 ₹ Cr
0.0197% share
+12.77% YoY
3.00% of Sub-Ch. 7202
Imports
22.49 ₹ Cr
0.0003% share
−77.28% YoY
0.27% of Sub-Ch. 7202
CAGR · 8-Year
Exports
43.39% /yr
Imports
−31.38% /yr
reference, FY 2025-26
Export
₹25,580.83 Cr
Import
₹8,182.99 Cr
Trade Balance
+17,397.84
Key Trade Insights: HSN Code 72024900 Export-Import Analysis
Consistent Export Growth: 43.39% CAGR Over 8 Years
India's exports under HSN Code 72024900 have grown at a compound annual rate of 43.39% over 8 fiscal years, rising from ₹61.55 Crore in FY 2018-19 to ₹767.20 Crore in FY 2025-26.
HSN Code 72024900 Ranked #753 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72024900 ranks #753 out of 12872 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #5 of 25. By trade surplus, it ranks #487 of 12872.
FY 2021-22 Was the Strongest Growth Year for HSN Code 72024900 Exports
The strongest single-year export movement for HSN Code 72024900 was recorded in FY 2021-22, when exports surged by 417.64% over the prior year.
India Maintains a Trade Surplus of ₹744.71 Crore in HSN Code 72024900 Goods
In FY 2025-26, India's exports of ₹767.20 Cr exceeded imports of ₹22.49 Cr, resulting in a trade surplus of ₹744.71 Crore — ranking #487 of 12872 by surplus magnitude.
Import Growth of −31.38% CAGR Signals Stable Import Dependency for Ferro-Chromium Containing 4% or Less Carbon
India's imports under HSN Code 72024900 have grown at −31.38% CAGR, reaching ₹22.49 Crore in FY 2025-26.
HSN Code 72024900 Contributes 3.00% of Sub-Chapter 7202 Exports — Ranked #5
Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72024900 ranks #5 by export value — accounting for 3.00% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.27% share (rank #15).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72024900 and GST compliance.
What products are classified under HSN 72024900 ?
It includes Other Flat-Rolled Iron and Steel
Can we claim ITC on inputs used to trade Ferro-Chromium Containing 4% or Less 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 4% or Less 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 4% or Less Carbon; Nil for exempt items if applicable).
Do e‑way bill and e‑invoice apply for Ferro-Chromium Containing 4% or Less 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.
How much GST applies to Ferro-Chromium Containing 4% or Less Carbon?
Under HSN 72024900, Ferro-Chromium Containing 4% or Less 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 4% or Less 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.