HSN Code 72029300: Alloy Cold-Rolled Flat Iron and Steel

HSN Code 72029300 represents Alloy Cold-Rolled Flat Iron and Steel under GST classification. This code helps businesses identify Alloy Cold-Rolled Flat Iron and Steel 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 Alloy Cold-Rolled Flat Iron and Steel.

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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?

Alloy 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 72029300 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

₹29 Cr

+1,594.74% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹1,319 Cr

+2.30% vs FY 2023-24

0.0217% of India’s total imports

Trade Balance

FY 2024-25

−₹1,290 Cr

Trade Deficit

Surplus rank #12299 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

0.13%

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

Import side: 14.19% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#12 of 25

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

Import-side rank: #3 of 25

At a glance

19.46%

Export CAGR

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

#4383

National Export Rank

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

+1,594.74%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.13%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for 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 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

CAGR · 7-Year

Exports

19.46% /yr

Imports

13.96% /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 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).

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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 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.

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.