HSN Code 72024900: Other Cast Iron Tubes and Pipes

HSN Code 72024900 represents Other Cast Iron Tubes and Pipes under GST classification. This code helps businesses identify Other Cast Iron Tubes and Pipes 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 Other Cast Iron Tubes and Pipes.

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Description of Goods for HSN Code 72024900

HSN Code 72024900 relates to the following description.

Description of Goods

Ferro-chromium : Other

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72024900 not include?

Other Cast 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 72024900 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

₹680 Cr

−22.44% vs FY 2023-24

0.0185% of India’s total exports

India’s Imports

FY 2024-25

₹99 Cr

−49.21% vs FY 2023-24

0.0016% of India’s total imports

Trade Balance

FY 2024-25

₹581 Cr

Trade Surplus

Surplus rank #551 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

3.10%

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

Import side: 1.06% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#5 of 25

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

Import-side rank: #13 of 25

At a glance

49.25%

Export CAGR

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

#755

National Export Rank

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

+417.64%

Peak Growth Year

FY 2021-22 · strongest single-year move

3.10%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for HSN Code 72024900

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 #2583

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

FY 2019-20 Exp. Rank #2743

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

FY 2020-21 Exp. Rank #3830

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

FY 2021-22 Exp. Rank #2045

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

FY 2022-23 Exp. Rank #1198

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

FY 2023-24 Exp. Rank #569

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

FY 2024-25 Exp. Rank #755

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

CAGR · 7-Year

Exports

49.25% /yr

Imports

−17.50% /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 72024900 Export-Import Analysis

Consistent Export Growth: 49.25% CAGR Over 7 Years

India's exports under HSN Code 72024900 have grown at a compound annual rate of 49.25% over 7 fiscal years, rising from ₹61.55 Crore in FY 2018-19 to ₹680.33 Crore in FY 2024-25.

HSN Code 72024900 Ranked #755 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72024900 ranks #755 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #5 of 25. By trade surplus, it ranks #551 of 12657.

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 ₹581.34 Crore in HSN Code 72024900 Goods

In FY 2024-25, India's exports of ₹680.33 Cr exceeded imports of ₹98.99 Cr, resulting in a trade surplus of ₹581.34 Crore — ranking #551 of 12657 by surplus magnitude.

Import Growth of −17.50% CAGR Signals Stable Import Dependency for Other Cast Iron Tubes and Pipes

India's imports under HSN Code 72024900 have grown at −17.50% CAGR, reaching ₹98.99 Crore in FY 2024-25.

HSN Code 72024900 Contributes 3.10% 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 3.10% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.06% share (rank #13).

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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 Other Cast 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 should mixed supplies be billed when Other Cast 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 Other Cast Iron Tubes and Pipes; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Other Cast 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.

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

Under HSN 72024900, Other Cast Iron Tubes and Pipes attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Other Cast 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.

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.