--- title: "HSN Code for Alloy Cold-Rolled Flat Iron and Steel | HSN 72029300 GST Rate" description: "Find HSN and GST Rates for 72029300 related to Alloy Cold-Rolled Flat Iron and Steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72029300/" --- # HSN Code 72029300: Alloy Cold-Rolled Flat 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 | | --- | --- | --- | --- | --- | | Other : Ferro-niobium | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72029300 ? It includes Cold-Rolled Steel Coil - Non Alloy ### Any common misclassification issue with Alloy 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. ### Can we claim ITC on inputs used to trade Alloy 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. ### How should mixed supplies be billed when Alloy Cold-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 Alloy Cold-Rolled Flat Iron and Steel; Nil for exempt items if applicable). ### How much GST applies to Alloy Cold-Rolled Flat Iron and Steel? Under HSN 72029300, Alloy Cold-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 Alloy 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. ## India's trade performance: HSN Code 72029300 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹29 Cr (+1,594.74% YoY) — 0.0008% of India's total exports - Imports: ₹1,319 Cr (+2.30% YoY) — 0.0217% of India's total imports - Trade balance: −₹1,290 Cr (Deficit); surplus rank #12299 of 12657 HSN codes - Share of Sub-Chapter 7202: 0.13% of its exports; import side 14.19% - Rank within Sub-Chapter 7202: #12 of 25 by export value; import-side #3 ### Key metrics - Export CAGR: 19.46% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4383 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,594.74% in FY 2024-25 - Contribution to Sub-Ch. 7202: 0.13% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72029300 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 | 9.97 | 0.0004% | — | 0.07% | 602.21 | 0.0168% | — | 7.95% | −592.24 | #4992 | | FY 2019-20 | 5.27 | 0.0002% | −47.14% | 0.04% | 548.34 | 0.0164% | −8.95% | 8.64% | −543.07 | #5788 | | FY 2020-21 | 2.51 | 0.0001% | −52.37% | 0.02% | 585.78 | 0.0201% | +6.83% | 10.59% | −583.27 | #6729 | | FY 2021-22 | 6.95 | 0.0002% | +176.89% | 0.03% | 864.28 | 0.0189% | +47.54% | 7.01% | −857.33 | #5939 | | FY 2022-23 | 3.22 | 0.0001% | −53.67% | 0.01% | 1,233.64 | 0.0215% | +42.74% | 12.58% | −1,230.42 | #6926 | | FY 2023-24 | 1.71 | 0.0000% | −46.89% | 0.01% | 1,289.54 | 0.0230% | +4.53% | 14.73% | −1,287.83 | #7732 | | FY 2024-25 | 28.98 | 0.0008% | +1,594.74% | 0.13% | 1,319.23 | 0.0217% | +2.30% | 14.19% | −1,290.25 | #4383 | - CAGR (7-year): exports 19.46%/yr, imports 13.96%/yr (consistently Deficit) ## Key trade insights: HSN Code 72029300 export-import analysis ### Consistent export growth: 19.46% CAGR over 7 years India's exports under HSN Code 72029300 have grown at a compound annual rate of 19.46% over 7 fiscal years, rising from ₹9.97 Crore in FY 2018-19 to ₹28.98 Crore in FY 2024-25. ### HSN Code 72029300 ranked #4383 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72029300 ranks #4383 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #12 of 25. By trade surplus, it ranks #12299 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 72029300 exports The strongest single-year export movement for HSN Code 72029300 was recorded in FY 2024-25, when exports surged by 1,594.74% over the prior year. ### India records a trade deficit of ₹1,290.25 Crore in HSN Code 72029300 goods In FY 2024-25, India's imports of ₹1,319.23 Cr exceeded exports of ₹28.98 Cr, resulting in a trade deficit of ₹1,290.25 Crore — ranking #12299 of 12657 by surplus magnitude. ### Import growth of 13.96% CAGR signals rising demand for Alloy Cold-Rolled Flat Iron and Steel India's imports under HSN Code 72029300 have grown at 13.96% CAGR, reaching ₹1,319.23 Crore in FY 2024-25. ### HSN Code 72029300 contributes 0.13% of Sub-Chapter 7202 exports — ranked #12 Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72029300 ranks #12 by export value — accounting for 0.13% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 14.19% share (rank #3). ## 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](https://busy.in/hsn/hsn-72027000/) | ₹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 | | #12 | HSN Code 72029300: Alloy Cold-Rolled Flat Iron and Steel (this hsn code) | ₹29 Cr |