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HSN Code 72029300: Ferro-Niobium

HSN Code 72029300 represents Ferro-Niobium under GST classification. This code helps businesses identify Ferro-Niobium correctly for billing, taxation, and trade. With HSN Code 72029300, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ferro-Niobium.

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Description of Goods for HSN Code 72029300

HSN Code 72029300 relates to the following description.

Description of Goods

Other : Ferro-niobium

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72029300 not include?

Ferro-Niobium 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 72029300 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

₹83 Cr

+186.54% vs FY 2024-25

0.0021% of India’s total exports

India’s Imports

FY 2025-26

₹1,818 Cr

+37.80% vs FY 2024-25

0.0265% of India’s total imports

Trade Balance

FY 2025-26

−₹1,735 Cr

Trade Deficit

Surplus rank #12487 of 12872 HSN codes

% of Sub-Chapter 7202

FY 2025-26

0.32%

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

Import side: 22.22% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2025-26

#10 of 25

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

Import-side rank: #3 of 25

At a glance

35.37%

Export CAGR

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

#3085

National Export Rank

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

+1,594.74%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.32%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for HSN Code 72029300

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 #4992

Balance

−592.24

Exports

9.97 ₹ Cr

0.0004% share

— YoY

0.07% of Sub-Ch. 7202

Imports

602.21 ₹ Cr

0.0168% share

— YoY

7.95% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #5788

Balance

−543.07

Exports

5.27 ₹ Cr

0.0002% share

−47.14% YoY

0.04% of Sub-Ch. 7202

Imports

548.34 ₹ Cr

0.0164% share

−8.95% YoY

8.64% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #6729

Balance

−583.27

Exports

2.51 ₹ Cr

0.0001% share

−52.37% YoY

0.02% of Sub-Ch. 7202

Imports

585.78 ₹ Cr

0.0201% share

+6.83% YoY

10.59% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #5939

Balance

−857.33

Exports

6.95 ₹ Cr

0.0002% share

+176.89% YoY

0.03% of Sub-Ch. 7202

Imports

864.28 ₹ Cr

0.0189% share

+47.54% YoY

7.01% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #6926

Balance

−1,230.42

Exports

3.22 ₹ Cr

0.0001% share

−53.67% YoY

0.01% of Sub-Ch. 7202

Imports

1,233.64 ₹ Cr

0.0215% share

+42.74% YoY

12.58% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #7732

Balance

−1,287.83

Exports

1.71 ₹ Cr

0.0000% share

−46.89% YoY

0.01% of Sub-Ch. 7202

Imports

1,289.54 ₹ Cr

0.0230% share

+4.53% YoY

14.73% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #4383

Balance

−1,290.25

Exports

28.98 ₹ Cr

0.0008% share

+1,594.74% YoY

0.13% of Sub-Ch. 7202

Imports

1,319.23 ₹ Cr

0.0217% share

+2.30% YoY

14.19% of Sub-Ch. 7202

FY 2025-26 Exp. Rank #3085

Balance

−1,734.88

Exports

83.04 ₹ Cr

0.0021% share

+186.54% YoY

0.32% of Sub-Ch. 7202

Imports

1,817.92 ₹ Cr

0.0265% share

+37.80% YoY

22.22% of Sub-Ch. 7202

CAGR · 8-Year

Exports

35.37% /yr

Imports

17.10% /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 72029300 Export-Import Analysis

Consistent Export Growth: 35.37% CAGR Over 8 Years

India's exports under HSN Code 72029300 have grown at a compound annual rate of 35.37% over 8 fiscal years, rising from ₹9.97 Crore in FY 2018-19 to ₹83.04 Crore in FY 2025-26.

HSN Code 72029300 Ranked #3085 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72029300 ranks #3085 out of 12872 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #10 of 25. By trade surplus, it ranks #12487 of 12872.

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 ₹1,734.88 Crore in HSN Code 72029300 Goods

In FY 2025-26, India's imports of ₹1,817.92 Cr exceeded exports of ₹83.04 Cr, resulting in a trade deficit of ₹1,734.88 Crore — ranking #12487 of 12872 by surplus magnitude.

Import Growth of 17.10% CAGR Signals Rising Demand for Ferro-Niobium

India's imports under HSN Code 72029300 have grown at 17.10% CAGR, reaching ₹1,817.92 Crore in FY 2025-26.

HSN Code 72029300 Contributes 0.32% of Sub-Chapter 7202 Exports — Ranked #10

Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72029300 ranks #10 by export value — accounting for 0.32% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 22.22% share (rank #3).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72029300 and GST compliance.

What products are classified under HSN 72029300 ?

It includes Cold-Rolled Steel Coil - Non Alloy

Any common misclassification issue with Ferro-Niobium?

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 Ferro-Niobium?

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 Ferro-Niobium is sold with other items?

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

How much GST applies to Ferro-Niobium?

Under HSN 72029300, Ferro-Niobium attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Ferro-Niobium?

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.

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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.