--- title: "HSN Code for Other Flat-Rolled Iron and Steel | HSN 72027000 GST Rate" description: "Find HSN and GST Rates for 72027000 related to Other Flat-Rolled Iron and Steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72027000/" --- # HSN Code 72027000: Other Flat-Rolled Iron and Steel - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/) - [Sub-chapter 7202: Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Ferro-molybdenum | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72027000 ? It includes Other Cold-Rolled Flat Iron and Steel ### How should mixed supplies be billed when Other 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 Other Flat-Rolled Iron and Steel; Nil for exempt items if applicable). ### Any common misclassification issue with Other 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. ### How much GST applies to Other Flat-Rolled Iron and Steel? Under HSN 72027000, Other Flat-Rolled Iron and Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Other 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. ### Do e‑way bill and e‑invoice apply for Other 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. ### Can we claim ITC on inputs used to trade Other Flat-Rolled Iron and Steel? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 72027000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹315 Cr (+55.23% YoY) — 0.0086% of India's total exports - Imports: ₹448 Cr (−48.95% YoY) — 0.0074% of India's total imports - Trade balance: −₹132 Cr (Deficit); surplus rank #11015 of 12657 HSN codes - Share of Sub-Chapter 7202: 1.44% of its exports; import side 4.81% - Rank within Sub-Chapter 7202: #7 of 25 by export value; import-side #4 ### Key metrics - Export CAGR: 38.60% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1386 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +388.95% in FY 2022-23 - Contribution to Sub-Ch. 7202: 1.44% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72027000 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7202 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7202 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 44.47 | 0.0019% | — | 0.30% | 311.00 | 0.0087% | — | 4.11% | −266.53 | #3036 | | FY 2019-20 | 14.65 | 0.0007% | −67.06% | 0.12% | 312.08 | 0.0093% | +0.35% | 4.92% | −297.43 | #4528 | | FY 2020-21 | 32.45 | 0.0015% | +121.50% | 0.25% | 311.57 | 0.0107% | −0.16% | 5.63% | −279.12 | #3547 | | FY 2021-22 | 52.94 | 0.0017% | +63.14% | 0.20% | 614.04 | 0.0134% | +97.08% | 4.98% | −561.10 | #3291 | | FY 2022-23 | 258.85 | 0.0071% | +388.95% | 0.96% | 1,209.37 | 0.0210% | +96.95% | 12.33% | −950.52 | #1472 | | FY 2023-24 | 203.04 | 0.0056% | −21.56% | 0.86% | 876.70 | 0.0156% | −27.51% | 10.01% | −673.66 | #1772 | | FY 2024-25 | 315.18 | 0.0086% | +55.23% | 1.44% | 447.59 | 0.0074% | −48.95% | 4.81% | −132.41 | #1386 | - CAGR (7-year): exports 38.60%/yr, imports 6.26%/yr (consistently Deficit) ## Key trade insights: HSN Code 72027000 export-import analysis ### Consistent export growth: 38.60% CAGR over 7 years India's exports under HSN Code 72027000 have grown at a compound annual rate of 38.60% over 7 fiscal years, rising from ₹44.47 Crore in FY 2018-19 to ₹315.18 Crore in FY 2024-25. ### HSN Code 72027000 ranked #1386 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72027000 ranks #1386 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #7 of 25. By trade surplus, it ranks #11015 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 72027000 exports The strongest single-year export movement for HSN Code 72027000 was recorded in FY 2022-23, when exports surged by 388.95% over the prior year. ### India records a trade deficit of ₹132.41 Crore in HSN Code 72027000 goods In FY 2024-25, India's imports of ₹447.59 Cr exceeded exports of ₹315.18 Cr, resulting in a trade deficit of ₹132.41 Crore — ranking #11015 of 12657 by surplus magnitude. ### Import growth of 6.26% CAGR signals stable import dependency for Other Flat-Rolled Iron and Steel India's imports under HSN Code 72027000 have grown at 6.26% CAGR, reaching ₹447.59 Crore in FY 2024-25. ### HSN Code 72027000 contributes 1.44% of Sub-Chapter 7202 exports — ranked #7 Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72027000 ranks #7 by export value — accounting for 1.44% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.81% share (rank #4). ## Related HSN Codes in Sub-Chapter 7202 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72023000: Iron Tubes and Pipes](https://busy.in/hsn/hsn-72023000/) | ₹8,619 Cr | | #2 | [HSN Code 72024100: Tubes and Pipes of Cast Iron](https://busy.in/hsn/hsn-72024100/) | ₹4,819 Cr | | #3 | [HSN Code 72021100: Non-Alloyed Hot-Rolled Iron](https://busy.in/hsn/hsn-72021100/) | ₹4,716 Cr | | #4 | [HSN Code 72021900: Alloy Hot-Rolled Iron](https://busy.in/hsn/hsn-72021900/) | ₹2,009 Cr | | #5 | [HSN Code 72024900: Other Cast Iron Tubes and Pipes](https://busy.in/hsn/hsn-72024900/) | ₹680 Cr | | #6 | [HSN Code 72022100: Non-Alloyed Cold-Rolled Iron](https://busy.in/hsn/hsn-72022100/) | ₹376 Cr | | #7 | HSN Code 72027000: Other Flat-Rolled Iron and Steel (this hsn code) | ₹315 Cr | | #8 | [HSN Code 72029922: Cold-Rolled Steel Strip - Alloy](https://busy.in/hsn/hsn-72029922/) | ₹122 Cr | | #9 | [HSN Code 72029100: Cold-Rolled Flat Iron and Steel](https://busy.in/hsn/hsn-72029100/) | ₹106 Cr | | #10 | [HSN Code 72022900: Alloy Cold-Rolled Iron](https://busy.in/hsn/hsn-72022900/) | ₹53 Cr |