HSN Code 72029100: Cold-Rolled Flat Iron and Steel

HSN Code 72029100 represents Cold-Rolled Flat Iron and Steel under GST classification. This code helps businesses identify Cold-Rolled Flat Iron and Steel correctly for billing, taxation, and trade. With HSN Code 72029100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cold-Rolled Flat Iron and Steel.

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Description of Goods for HSN Code 72029100

HSN Code 72029100 relates to the following description.

Description of Goods

Other : Ferro-titanium and Ferro-silico-titanium

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72029100 not include?

Cold-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 72029100 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

₹106 Cr

+47.86% vs FY 2023-24

0.0029% of India’s total exports

India’s Imports

FY 2024-25

₹21 Cr

−60.32% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

₹85 Cr

Trade Surplus

Surplus rank #1717 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

0.49%

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

Import side: 0.23% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#9 of 25

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

Import-side rank: #16 of 25

At a glance

24.57%

Export CAGR

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

#2581

National Export Rank

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

+138.46%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.49%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for HSN Code 72029100

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 #3637

Balance

−12.43

Exports

28.47 ₹ Cr

0.0012% share

— YoY

0.19% of Sub-Ch. 7202

Imports

40.90 ₹ Cr

0.0011% share

— YoY

0.54% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #2482

Balance

+37.91

Exports

67.89 ₹ Cr

0.0031% share

+138.46% YoY

0.57% of Sub-Ch. 7202

Imports

29.98 ₹ Cr

0.0009% share

−26.70% YoY

0.47% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #2750

Balance

+45.75

Exports

56.71 ₹ Cr

0.0026% share

−16.47% YoY

0.44% of Sub-Ch. 7202

Imports

10.96 ₹ Cr

0.0004% share

−63.44% YoY

0.20% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #2895

Balance

+38.86

Exports

68.91 ₹ Cr

0.0022% share

+21.51% YoY

0.25% of Sub-Ch. 7202

Imports

30.05 ₹ Cr

0.0007% share

+174.18% YoY

0.24% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #2664

Balance

+65.74

Exports

90.97 ₹ Cr

0.0025% share

+32.01% YoY

0.34% of Sub-Ch. 7202

Imports

25.23 ₹ Cr

0.0004% share

−16.04% YoY

0.26% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #3038

Balance

+18.91

Exports

71.94 ₹ Cr

0.0020% share

−20.92% YoY

0.30% of Sub-Ch. 7202

Imports

53.03 ₹ Cr

0.0009% share

+110.19% YoY

0.61% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #2581

Balance

+85.33

Exports

106.37 ₹ Cr

0.0029% share

+47.86% YoY

0.49% of Sub-Ch. 7202

Imports

21.04 ₹ Cr

0.0003% share

−60.32% YoY

0.23% of Sub-Ch. 7202

CAGR · 7-Year

Exports

24.57% /yr

Imports

−10.49% /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 72029100 Export-Import Analysis

Consistent Export Growth: 24.57% CAGR Over 7 Years

India's exports under HSN Code 72029100 have grown at a compound annual rate of 24.57% over 7 fiscal years, rising from ₹28.47 Crore in FY 2018-19 to ₹106.37 Crore in FY 2024-25.

HSN Code 72029100 Ranked #2581 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72029100 ranks #2581 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #9 of 25. By trade surplus, it ranks #1717 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 72029100 Exports

The strongest single-year export movement for HSN Code 72029100 was recorded in FY 2019-20, when exports surged by 138.46% over the prior year.

India Maintains a Trade Surplus of ₹85.33 Crore in HSN Code 72029100 Goods

In FY 2024-25, India's exports of ₹106.37 Cr exceeded imports of ₹21.04 Cr, resulting in a trade surplus of ₹85.33 Crore — ranking #1717 of 12657 by surplus magnitude.

Import Growth of −10.49% CAGR Signals Stable Import Dependency for Cold-Rolled Flat Iron and Steel

India's imports under HSN Code 72029100 have grown at −10.49% CAGR, reaching ₹21.04 Crore in FY 2024-25.

HSN Code 72029100 Contributes 0.49% of Sub-Chapter 7202 Exports — Ranked #9

Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72029100 ranks #9 by export value — accounting for 0.49% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.23% share (rank #16).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72029100 and GST compliance.

What products are classified under HSN 72029100 ?

It includes Hot-Rolled Steel Coil - Non Alloy

Do e‑way bill and e‑invoice apply for Cold-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.

Can we claim ITC on inputs used to trade Cold-Rolled Flat 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.

Any common misclassification issue with Cold-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 much GST applies to Cold-Rolled Flat Iron and Steel?

Under HSN 72029100, Cold-Rolled Flat 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 Cold-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.