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HSN Code 72029200: Ferro-Vanadium

HSN Code 72029200 represents Ferro-Vanadium under GST classification. This code helps businesses identify Ferro-Vanadium correctly for billing, taxation, and trade. With HSN Code 72029200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ferro-Vanadium.

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Description of Goods for HSN Code 72029200

HSN Code 72029200 relates to the following description.

Description of Goods

Other : Ferro-vanadium

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72029200 not include?

Ferro-Vanadium 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

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India’s Trade Performance — HSN Code 72029200 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹40 Cr

+60.06% vs FY 2024-25

0.0010% of India’s total exports

India’s Imports

FY 2025-26

₹125 Cr

−46.48% vs FY 2024-25

0.0018% of India’s total imports

Trade Balance

FY 2025-26

−₹85 Cr

Trade Deficit

Surplus rank #10718 of 12872 HSN codes

% of Sub-Chapter 7202

FY 2025-26

0.16%

Share of Sub-Chapter 7202’s total exports in FY 2025-26

Import side: 1.53% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2025-26

#13 of 25

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

Import-side rank: #8 of 25

At a glance

−19.41%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#4094

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+264.94%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.16%

Contribution to Sub-Ch. 7202

Share of Sub-Chapter 7202 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 72029200

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #1396

Balance

−104.84

Exports

183.30 ₹ Cr

0.0080% share

— YoY

1.23% of Sub-Ch. 7202

Imports

288.14 ₹ Cr

0.0080% share

— YoY

3.80% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #2154

Balance

−25.98

Exports

88.36 ₹ Cr

0.0040% share

−51.79% YoY

0.75% of Sub-Ch. 7202

Imports

114.34 ₹ Cr

0.0034% share

−60.32% YoY

1.80% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #3452

Balance

−26.70

Exports

34.68 ₹ Cr

0.0016% share

−60.75% YoY

0.27% of Sub-Ch. 7202

Imports

61.38 ₹ Cr

0.0021% share

−46.32% YoY

1.11% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #3840

Balance

−145.37

Exports

35.32 ₹ Cr

0.0011% share

+1.85% YoY

0.13% of Sub-Ch. 7202

Imports

180.69 ₹ Cr

0.0040% share

+194.38% YoY

1.46% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #4492

Balance

−256.19

Exports

23.33 ₹ Cr

0.0006% share

−33.95% YoY

0.09% of Sub-Ch. 7202

Imports

279.52 ₹ Cr

0.0049% share

+54.70% YoY

2.85% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #6177

Balance

−245.07

Exports

6.93 ₹ Cr

0.0002% share

−70.30% YoY

0.03% of Sub-Ch. 7202

Imports

252.00 ₹ Cr

0.0045% share

−9.85% YoY

2.88% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #4555

Balance

−208.78

Exports

25.29 ₹ Cr

0.0007% share

+264.94% YoY

0.12% of Sub-Ch. 7202

Imports

234.07 ₹ Cr

0.0039% share

−7.12% YoY

2.52% of Sub-Ch. 7202

FY 2025-26 Exp. Rank #4094

Balance

−84.79

Exports

40.48 ₹ Cr

0.0010% share

+60.06% YoY

0.16% of Sub-Ch. 7202

Imports

125.27 ₹ Cr

0.0018% share

−46.48% YoY

1.53% of Sub-Ch. 7202

CAGR · 8-Year

Exports

−19.41% /yr

Imports

−11.22% /yr

Consistently Deficit
Sub-Chapter 7202 total

reference, FY 2025-26

Export

₹25,580.83 Cr

Import

₹8,182.99 Cr

Trade Balance

+17,397.84

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72029200 Export-Import Analysis

Export Decline: −19.41% CAGR Over 8 Years

India's exports under HSN Code 72029200 have declined at a compound annual rate of −19.41% over 8 fiscal years, falling from ₹183.30 Crore in FY 2018-19 to ₹40.48 Crore in FY 2025-26.

HSN Code 72029200 Ranked #4094 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72029200 ranks #4094 out of 12872 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #13 of 25. By trade surplus, it ranks #10718 of 12872.

FY 2024-25 Was the Strongest Growth Year for HSN Code 72029200 Exports

The strongest single-year export movement for HSN Code 72029200 was recorded in FY 2024-25, when exports surged by 264.94% over the prior year.

India Records a Trade Deficit of ₹84.79 Crore in HSN Code 72029200 Goods

In FY 2025-26, India's imports of ₹125.27 Cr exceeded exports of ₹40.48 Cr, resulting in a trade deficit of ₹84.79 Crore — ranking #10718 of 12872 by surplus magnitude.

Import Growth of −11.22% CAGR Signals Stable Import Dependency for Ferro-Vanadium

India's imports under HSN Code 72029200 have grown at −11.22% CAGR, reaching ₹125.27 Crore in FY 2025-26.

HSN Code 72029200 Contributes 0.16% of Sub-Chapter 7202 Exports — Ranked #13

Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72029200 ranks #13 by export value — accounting for 0.16% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 1.53% share (rank #8).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72029200 and GST compliance.

What products are classified under HSN 72029200 ?

It includes Hot-Rolled Steel Coil - Alloy

Any common misclassification issue with Ferro-Vanadium?

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 Ferro-Vanadium?

Under HSN 72029200, Ferro-Vanadium attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Ferro-Vanadium?

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 Ferro-Vanadium?

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 Ferro-Vanadium is sold with other items?

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

Can we claim ITC on inputs used to trade Ferro-Vanadium?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

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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.