HSN Code 72029922: Cold-Rolled Steel Strip - Alloy

HSN Code 72029922 represents Cold-Rolled Steel Strip - Alloy under GST classification. This code helps businesses identify Cold-Rolled Steel Strip - Alloy correctly for billing, taxation, and trade. With HSN Code 72029922, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cold-Rolled Steel Strip - Alloy.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 72029922

HSN Code 72029922 relates to the following description.

Description of Goods

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

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72029922 not include?

Cold-Rolled Steel Strip - 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 72029921

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

India’s Trade Performance — HSN Code 72029922 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

₹122 Cr

−30.22% vs FY 2023-24

0.0033% of India’s total exports

India’s Imports

FY 2024-25

₹194 Cr

−3.25% vs FY 2023-24

0.0032% of India’s total imports

Trade Balance

FY 2024-25

−₹72 Cr

Trade Deficit

Surplus rank #10527 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

0.56%

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

Import side: 2.09% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#8 of 25

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

Import-side rank: #8 of 25

At a glance

4.27%

Export CAGR

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

#2413

National Export Rank

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

+127.38%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.56%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for HSN Code 72029922

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 #2077

Balance

+70.77

Exports

95.16 ₹ Cr

0.0042% share

— YoY

0.64% of Sub-Ch. 7202

Imports

24.39 ₹ Cr

0.0007% share

— YoY

0.32% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #2317

Balance

+47.63

Exports

77.10 ₹ Cr

0.0035% share

−18.98% YoY

0.65% of Sub-Ch. 7202

Imports

29.47 ₹ Cr

0.0009% share

+20.83% YoY

0.46% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #2990

Balance

+19.36

Exports

48.32 ₹ Cr

0.0022% share

−37.33% YoY

0.38% of Sub-Ch. 7202

Imports

28.96 ₹ Cr

0.0010% share

−1.73% YoY

0.52% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #2284

Balance

+46.73

Exports

109.87 ₹ Cr

0.0035% share

+127.38% YoY

0.41% of Sub-Ch. 7202

Imports

63.14 ₹ Cr

0.0014% share

+118.02% YoY

0.51% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #1600

Balance

+122.61

Exports

227.81 ₹ Cr

0.0063% share

+107.35% YoY

0.85% of Sub-Ch. 7202

Imports

105.20 ₹ Cr

0.0018% share

+66.61% YoY

1.07% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #1928

Balance

−25.50

Exports

175.27 ₹ Cr

0.0048% share

−23.06% YoY

0.74% of Sub-Ch. 7202

Imports

200.77 ₹ Cr

0.0036% share

+90.85% YoY

2.29% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #2413

Balance

−71.94

Exports

122.31 ₹ Cr

0.0033% share

−30.22% YoY

0.56% of Sub-Ch. 7202

Imports

194.25 ₹ Cr

0.0032% share

−3.25% YoY

2.09% of Sub-Ch. 7202

CAGR · 7-Year

Exports

4.27% /yr

Imports

41.32% /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 72029922 Export-Import Analysis

Consistent Export Growth: 4.27% CAGR Over 7 Years

India's exports under HSN Code 72029922 have grown at a compound annual rate of 4.27% over 7 fiscal years, rising from ₹95.16 Crore in FY 2018-19 to ₹122.31 Crore in FY 2024-25.

HSN Code 72029922 Ranked #2413 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72029922 ranks #2413 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #8 of 25. By trade surplus, it ranks #10527 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72029922 Exports

The strongest single-year export movement for HSN Code 72029922 was recorded in FY 2021-22, when exports surged by 127.38% over the prior year.

India Records a Trade Deficit of ₹71.94 Crore in HSN Code 72029922 Goods

In FY 2024-25, India's imports of ₹194.25 Cr exceeded exports of ₹122.31 Cr, resulting in a trade deficit of ₹71.94 Crore — ranking #10527 of 12657 by surplus magnitude.

Import Growth of 41.32% CAGR Signals Rising Demand for Cold-Rolled Steel Strip - Alloy

India's imports under HSN Code 72029922 have grown at 41.32% CAGR, reaching ₹194.25 Crore in FY 2024-25.

HSN Code 72029922 Contributes 0.56% of Sub-Chapter 7202 Exports — Ranked #8

Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72029922 ranks #8 by export value — accounting for 0.56% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.09% share (rank #8).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 72029922 and GST compliance.

What products are classified under HSN 72029922 ?

It includes Ferro-Boron Alloy

How much GST applies to Cold-Rolled Steel Strip - Alloy?

Under HSN 72029922, Cold-Rolled Steel Strip - Alloy attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Cold-Rolled Steel Strip - 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 - Alloy; Nil for exempt items if applicable).

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

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

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.