HSN Code 72029921: Cold-Rolled Steel Strip - Non Alloy

HSN Code 72029921 represents Cold-Rolled Steel Strip - Non Alloy under GST classification. This code helps businesses identify Cold-Rolled Steel Strip - Non Alloy correctly for billing, taxation, and trade. With HSN Code 72029921, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cold-Rolled Steel Strip - Non Alloy.

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Description of Goods for HSN Code 72029921

HSN Code 72029921 relates to the following description.

Description of Goods

Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-zirconium

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72029921 not include?

Cold-Rolled Steel Strip - Non Alloy 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 72029922

Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-magnesium

India’s Trade Performance — HSN Code 72029921 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

< ₹1 Crore

−37.60% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹20 Cr

+68.33% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

−₹19 Cr

Trade Deficit

Surplus rank #9504 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

0.00%

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

Import side: 0.21% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#17 of 25

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

Import-side rank: #17 of 25

At a glance

31.62%

Export CAGR

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

#8455

National Export Rank

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

+343.75%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for HSN Code 72029921

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 #8982

Balance

−3.85

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7202

Imports

4.00 ₹ Cr

0.0001% share

— YoY

0.05% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #8585

Balance

−3.83

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+93.33% YoY

0.00% of Sub-Ch. 7202

Imports

4.12 ₹ Cr

0.0001% share

+3.00% YoY

0.07% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #9006

Balance

−4.96

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−44.83% YoY

0.00% of Sub-Ch. 7202

Imports

5.12 ₹ Cr

0.0002% share

+24.27% YoY

0.09% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #8298

Balance

−8.91

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+343.75% YoY

0.00% of Sub-Ch. 7202

Imports

9.62 ₹ Cr

0.0002% share

+87.89% YoY

0.08% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #8082

Balance

−15.20

Exports

1.02 ₹ Cr

0.0000% share

+43.66% YoY

0.00% of Sub-Ch. 7202

Imports

16.22 ₹ Cr

0.0003% share

+68.61% YoY

0.17% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #8041

Balance

−10.37

Exports

1.25 ₹ Cr

0.0000% share

+22.55% YoY

0.01% of Sub-Ch. 7202

Imports

11.62 ₹ Cr

0.0002% share

−28.36% YoY

0.13% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #8455

Balance

−18.78

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−37.60% YoY

0.00% of Sub-Ch. 7202

Imports

19.56 ₹ Cr

0.0003% share

+68.33% YoY

0.21% of Sub-Ch. 7202

CAGR · 7-Year

Exports

31.62% /yr

Imports

30.28% /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 72029921 Export-Import Analysis

Consistent Export Growth: 31.62% CAGR Over 7 Years

India's exports under HSN Code 72029921 have grown at a compound annual rate of 31.62% over 7 fiscal years, rising from ₹0.15 Crore in FY 2018-19 to ₹0.78 Crore in FY 2024-25.

HSN Code 72029921 Ranked #8455 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72029921 ranks #8455 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #17 of 25. By trade surplus, it ranks #9504 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72029921 Exports

The strongest single-year export movement for HSN Code 72029921 was recorded in FY 2021-22, when exports surged by 343.75% over the prior year.

India Records a Trade Deficit of ₹18.78 Crore in HSN Code 72029921 Goods

In FY 2024-25, India's imports of ₹19.56 Cr exceeded exports of ₹0.78 Cr, resulting in a trade deficit of ₹18.78 Crore — ranking #9504 of 12657 by surplus magnitude.

Import Growth of 30.28% CAGR Signals Rising Demand for Cold-Rolled Steel Strip - Non Alloy

India's imports under HSN Code 72029921 have grown at 30.28% CAGR, reaching ₹19.56 Crore in FY 2024-25.

HSN Code 72029921 Contributes 0.00% of Sub-Chapter 7202 Exports — Ranked #17

Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72029921 ranks #17 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.21% share (rank #17).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72029921 and GST compliance.

What products are classified under HSN 72029921 ?

It includes Charge-Chrome Ferro-Boron Alloy

How should mixed supplies be billed when Cold-Rolled Steel Strip - Non Alloy is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cold-Rolled Steel Strip - Non Alloy; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Cold-Rolled Steel Strip - Non Alloy?

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.

Does packaging or labelling change the GST for Cold-Rolled Steel Strip - Non Alloy?

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.

Can we claim ITC on inputs used to trade Cold-Rolled Steel Strip - Non Alloy?

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 Steel Strip - Non Alloy?

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 Steel Strip - Non Alloy?

Under HSN 72029921, Cold-Rolled Steel Strip - Non Alloy attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.