HSN Code 72027000: Other Flat-Rolled Iron and Steel

HSN Code 72027000 represents Other Flat-Rolled Iron and Steel under GST classification. This code helps businesses identify Other Flat-Rolled Iron and Steel correctly for billing, taxation, and trade. With HSN Code 72027000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Flat-Rolled Iron and Steel.

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Description of Goods for HSN Code 72027000

HSN Code 72027000 relates to the following description.

Description of Goods

Ferro-molybdenum

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72027000 not include?

Other 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 72027000 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

₹315 Cr

+55.23% vs FY 2023-24

0.0086% of India’s total exports

India’s Imports

FY 2024-25

₹448 Cr

−48.95% vs FY 2023-24

0.0074% of India’s total imports

Trade Balance

FY 2024-25

−₹132 Cr

Trade Deficit

Surplus rank #11015 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

1.44%

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

Import side: 4.81% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#7 of 25

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

Import-side rank: #4 of 25

At a glance

38.60%

Export CAGR

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

#1386

National Export Rank

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

+388.95%

Peak Growth Year

FY 2022-23 · strongest single-year move

1.44%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3036

Balance

−266.53

Exports

44.47 ₹ Cr

0.0019% share

— YoY

0.30% of Sub-Ch. 7202

Imports

311.00 ₹ Cr

0.0087% share

— YoY

4.11% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #4528

Balance

−297.43

Exports

14.65 ₹ Cr

0.0007% share

−67.06% YoY

0.12% of Sub-Ch. 7202

Imports

312.08 ₹ Cr

0.0093% share

+0.35% YoY

4.92% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #3547

Balance

−279.12

Exports

32.45 ₹ Cr

0.0015% share

+121.50% YoY

0.25% of Sub-Ch. 7202

Imports

311.57 ₹ Cr

0.0107% share

−0.16% YoY

5.63% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #3291

Balance

−561.10

Exports

52.94 ₹ Cr

0.0017% share

+63.14% YoY

0.20% of Sub-Ch. 7202

Imports

614.04 ₹ Cr

0.0134% share

+97.08% YoY

4.98% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #1472

Balance

−950.52

Exports

258.85 ₹ Cr

0.0071% share

+388.95% YoY

0.96% of Sub-Ch. 7202

Imports

1,209.37 ₹ Cr

0.0210% share

+96.95% YoY

12.33% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #1772

Balance

−673.66

Exports

203.04 ₹ Cr

0.0056% share

−21.56% YoY

0.86% of Sub-Ch. 7202

Imports

876.70 ₹ Cr

0.0156% share

−27.51% YoY

10.01% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #1386

Balance

−132.41

Exports

315.18 ₹ Cr

0.0086% share

+55.23% YoY

1.44% of Sub-Ch. 7202

Imports

447.59 ₹ Cr

0.0074% share

−48.95% YoY

4.81% of Sub-Ch. 7202

CAGR · 7-Year

Exports

38.60% /yr

Imports

6.26% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72027000 and GST compliance.

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.

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.