HSN Code 72028000: Hot-Rolled Flat Iron and Steel

HSN Code 72028000 represents Hot-Rolled Flat Iron and Steel under GST classification. This code helps businesses identify Hot-Rolled Flat Iron and Steel correctly for billing, taxation, and trade. With HSN Code 72028000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hot-Rolled Flat Iron and Steel.

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Description of Goods for HSN Code 72028000

HSN Code 72028000 relates to the following description.

Description of Goods

Ferro tungsten and ferro-silico-tungsten

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72028000 not include?

Hot-Rolled Flat 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 72028000 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

₹3 Cr

+630.23% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹12 Cr

−7.32% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹8 Cr

Trade Deficit

Surplus rank #8941 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

0.01%

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

Import side: 0.12% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#14 of 25

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

Import-side rank: #19 of 25

At a glance

30.35%

Export CAGR

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

#7146

National Export Rank

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

+630.23%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.01%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for HSN Code 72028000

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 #7984

Balance

−5.88

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7202

Imports

6.52 ₹ Cr

0.0002% share

— YoY

0.09% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #9094

Balance

−0.81

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−81.25% YoY

0.00% of Sub-Ch. 7202

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−85.74% YoY

0.01% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #9183

Balance

−2.22

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−8.33% YoY

0.00% of Sub-Ch. 7202

Imports

2.33 ₹ Cr

0.0001% share

+150.54% YoY

0.04% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #8658

Balance

−0.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+300.00% YoY

0.00% of Sub-Ch. 7202

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−78.97% YoY

0.00% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #8042

Balance

−6.11

Exports

1.07 ₹ Cr

0.0000% share

+143.18% YoY

0.00% of Sub-Ch. 7202

Imports

7.18 ₹ Cr

0.0001% share

+1,365.31% YoY

0.07% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #8919

Balance

−12.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−59.81% YoY

0.00% of Sub-Ch. 7202

Imports

12.44 ₹ Cr

0.0002% share

+73.26% YoY

0.14% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #7146

Balance

−8.39

Exports

3.14 ₹ Cr

0.0001% share

+630.23% YoY

0.01% of Sub-Ch. 7202

Imports

11.53 ₹ Cr

0.0002% share

−7.32% YoY

0.12% of Sub-Ch. 7202

CAGR · 7-Year

Exports

30.35% /yr

Imports

9.97% /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 72028000 Export-Import Analysis

Consistent Export Growth: 30.35% CAGR Over 7 Years

India's exports under HSN Code 72028000 have grown at a compound annual rate of 30.35% over 7 fiscal years, rising from ₹0.64 Crore in FY 2018-19 to ₹3.14 Crore in FY 2024-25.

HSN Code 72028000 Ranked #7146 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72028000 ranks #7146 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #14 of 25. By trade surplus, it ranks #8941 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 72028000 Exports

The strongest single-year export movement for HSN Code 72028000 was recorded in FY 2024-25, when exports surged by 630.23% over the prior year.

India Records a Trade Deficit of ₹8.39 Crore in HSN Code 72028000 Goods

In FY 2024-25, India's imports of ₹11.53 Cr exceeded exports of ₹3.14 Cr, resulting in a trade deficit of ₹8.39 Crore — ranking #8941 of 12657 by surplus magnitude.

Import Growth of 9.97% CAGR Signals Stable Import Dependency for Hot-Rolled Flat Iron and Steel

India's imports under HSN Code 72028000 have grown at 9.97% CAGR, reaching ₹11.53 Crore in FY 2024-25.

HSN Code 72028000 Contributes 0.01% of Sub-Chapter 7202 Exports — Ranked #14

Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72028000 ranks #14 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.12% share (rank #19).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72028000 and GST compliance.

What products are classified under HSN 72028000 ?

It includes Alloy Cold-Rolled Flat Iron and Steel

Any common misclassification issue with Hot-Rolled Flat 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 should mixed supplies be billed when Hot-Rolled Flat 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 Hot-Rolled Flat Iron and Steel; Nil for exempt items if applicable).

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

Under HSN 72028000, Hot-Rolled Flat 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 Hot-Rolled Flat 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.

Does packaging or labelling change the GST for Hot-Rolled Flat 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.

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.