HSN Code 72026000: Flat-Rolled Iron and Steel

HSN Code 72026000 represents Flat-Rolled Iron and Steel under GST classification. This code helps businesses identify Flat-Rolled Iron and Steel correctly for billing, taxation, and trade. With HSN Code 72026000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Flat-Rolled Iron and Steel.

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Description of Goods for HSN Code 72026000

HSN Code 72026000 relates to the following description.

Description of Goods

Ferro-nickel

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72026000 not include?

Flat-Rolled Iron and Steel 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 72026000 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

< ₹1 Crore

−99.96% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹3,438 Cr

+45.83% vs FY 2023-24

0.0566% of India’s total imports

Trade Balance

FY 2024-25

−₹3,438 Cr

Trade Deficit

Surplus rank #12511 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

0.00%

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

Import side: 36.99% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#19 of 25

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

Import-side rank: #1 of 25

At a glance

63.35%

Export CAGR

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

#9447

National Export Rank

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

+2,62,265.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for HSN Code 72026000

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 #9921

Balance

−2,431.97

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7202

Imports

2,431.98 ₹ Cr

0.0678% share

— YoY

32.11% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #9717

Balance

−2,503.64

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.00% of Sub-Ch. 7202

Imports

2,503.66 ₹ Cr

0.0748% share

+2.95% YoY

39.47% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #5613

Balance

−1,681.08

Exports

6.51 ₹ Cr

0.0003% share

+32,450.00% YoY

0.05% of Sub-Ch. 7202

Imports

1,687.59 ₹ Cr

0.0579% share

−32.60% YoY

30.51% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #8985

Balance

−5,588.74

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−95.70% YoY

0.00% of Sub-Ch. 7202

Imports

5,589.02 ₹ Cr

0.1223% share

+231.18% YoY

45.31% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #9286

Balance

−2,046.56

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−28.57% YoY

0.00% of Sub-Ch. 7202

Imports

2,046.76 ₹ Cr

0.0356% share

−63.38% YoY

20.87% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #923

Balance

−1,832.83

Exports

524.73 ₹ Cr

0.0145% share

+2,62,265.00% YoY

2.22% of Sub-Ch. 7202

Imports

2,357.56 ₹ Cr

0.0420% share

+15.19% YoY

26.92% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #9447

Balance

−3,437.91

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.96% YoY

0.00% of Sub-Ch. 7202

Imports

3,438.10 ₹ Cr

0.0566% share

+45.83% YoY

36.99% of Sub-Ch. 7202

CAGR · 7-Year

Exports

63.35% /yr

Imports

5.94% /yr

Consistently Deficit
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 72026000 Export-Import Analysis

Consistent Export Growth: 63.35% CAGR Over 7 Years

India's exports under HSN Code 72026000 have grown at a compound annual rate of 63.35% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹0.19 Crore in FY 2024-25.

HSN Code 72026000 Ranked #9447 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72026000 ranks #9447 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #19 of 25. By trade surplus, it ranks #12511 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 72026000 Exports

The strongest single-year export movement for HSN Code 72026000 was recorded in FY 2023-24, when exports surged by 2,62,265.00% over the prior year.

India Records a Trade Deficit of ₹3,437.91 Crore in HSN Code 72026000 Goods

In FY 2024-25, India's imports of ₹3,438.10 Cr exceeded exports of ₹0.19 Cr, resulting in a trade deficit of ₹3,437.91 Crore — ranking #12511 of 12657 by surplus magnitude.

Import Growth of 5.94% CAGR Signals Stable Import Dependency for Flat-Rolled Iron and Steel

India's imports under HSN Code 72026000 have grown at 5.94% CAGR, reaching ₹3,438.10 Crore in FY 2024-25.

HSN Code 72026000 Contributes 0.00% of Sub-Chapter 7202 Exports — Ranked #19

Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72026000 ranks #19 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 36.99% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72026000 and GST compliance.

What products are classified under HSN 72026000 ?

It includes Cold-Rolled Flat Iron and Steel

Does packaging or labelling change the GST for Flat-Rolled Iron and Steel?

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.

How much GST applies to Flat-Rolled Iron and Steel?

Under HSN 72026000, Flat-Rolled Iron and Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Flat-Rolled Iron and Steel?

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 should mixed supplies be billed when Flat-Rolled Iron and Steel is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Flat-Rolled Iron and Steel; Nil for exempt items if applicable).

Any common misclassification issue with Flat-Rolled Iron and Steel?

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.