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HSN Code 72029922: Ferro-Silico-Magnesium
HSN Code 72029922 represents Ferro-Silico-Magnesium under GST classification. This code helps businesses identify Ferro-Silico-Magnesium 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 Ferro-Silico-Magnesium.
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Description of Goods for HSN Code 72029922
HSN Code 72029922 relates to the following description.
What does HSN Code 72029922 not include?
Ferro-Silico-Magnesium does not include products with the following descriptions.
Ferro-manganese : Containing by weight more than 2% of carbon
Ferro-manganese : Other
Ferro-silicon : Containing by weight more than 55% of silicon
Ferro-silicon : Other
Ferro-silico-manganese
Ferro-chromium : Containing by weight more than 4% of carbon
Ferro-chromium : Other
Ferro-silico-chromium
Ferro-nickel
Ferro-molybdenum
Ferro tungsten and ferro-silico-tungsten
Other : Ferro-titanium and Ferro-silico-titanium
Other : Ferro-vanadium
Other : Ferro-niobium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-phosphorus
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-selenium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-cobalt
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-columbium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-zirconium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-tantalum
Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-zirconium
Other : Other : Ferro-boron, charge-chrome : Ferro-boron
Other : Other : Ferro-boron, charge-chrome : Charge-chrome
Other : Other : Ferro-boron, charge-chrome : Other
Ferro-manganese : Containing by weight more than 2% of carbon
Ferro-manganese : Other
Ferro-silicon : Containing by weight more than 55% of silicon
Ferro-silicon : Other
Ferro-silico-manganese
Ferro-chromium : Containing by weight more than 4% of carbon
Ferro-chromium : Other
Ferro-silico-chromium
Ferro-nickel
Ferro-molybdenum
Ferro tungsten and ferro-silico-tungsten
Other : Ferro-titanium and Ferro-silico-titanium
Other : Ferro-vanadium
Other : Ferro-niobium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-phosphorus
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-selenium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-cobalt
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-columbium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-zirconium
Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-tantalum
Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-zirconium
Other : Other : Ferro-boron, charge-chrome : Ferro-boron
Other : Other : Ferro-boron, charge-chrome : Charge-chrome
Other : Other : Ferro-boron, charge-chrome : Other
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India’s Trade Performance — HSN Code 72029922 in FY 2025-26
India’s Exports
FY 2025-26₹146 Cr
0.0038% of India’s total exports
India’s Imports
FY 2025-26₹207 Cr
0.0030% of India’s total imports
Trade Balance
FY 2025-26−₹61 Cr
Surplus rank #10467 of 12872 HSN codes
% of Sub-Chapter 7202
FY 2025-260.57%
Share of Sub-Chapter 7202’s total exports in FY 2025-26
Import side: 2.53% of Sub-Chapter 7202’s imports
Rank Within Sub-Chapter 7202
FY 2025-26#8 of 25
Position by export value among HSN codes in Sub-Chapter 7202
Import-side rank: #6 of 25
At a glance
6.35%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#2347
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+127.38%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.57%
Contribution to Sub-Ch. 7202
Share of Sub-Chapter 7202 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72029922
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
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
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
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
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
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
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
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
Balance
−61.02
Exports
146.39 ₹ Cr
0.0038% share
+19.69% YoY
0.57% of Sub-Ch. 7202
Imports
207.41 ₹ Cr
0.0030% share
+6.77% YoY
2.53% of Sub-Ch. 7202
CAGR · 8-Year
Exports
6.35% /yr
Imports
35.77% /yr
reference, FY 2025-26
Export
₹25,580.83 Cr
Import
₹8,182.99 Cr
Trade Balance
+17,397.84
Key Trade Insights: HSN Code 72029922 Export-Import Analysis
Consistent Export Growth: 6.35% CAGR Over 8 Years
India's exports under HSN Code 72029922 have grown at a compound annual rate of 6.35% over 8 fiscal years, rising from ₹95.16 Crore in FY 2018-19 to ₹146.39 Crore in FY 2025-26.
HSN Code 72029922 Ranked #2347 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72029922 ranks #2347 out of 12872 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #8 of 25. By trade surplus, it ranks #10467 of 12872.
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 ₹61.02 Crore in HSN Code 72029922 Goods
In FY 2025-26, India's imports of ₹207.41 Cr exceeded exports of ₹146.39 Cr, resulting in a trade deficit of ₹61.02 Crore — ranking #10467 of 12872 by surplus magnitude.
Import Growth of 35.77% CAGR Signals Rising Demand for Ferro-Silico-Magnesium
India's imports under HSN Code 72029922 have grown at 35.77% CAGR, reaching ₹207.41 Crore in FY 2025-26.
HSN Code 72029922 Contributes 0.57% 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 0.57% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 2.53% share (rank #6).
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 Ferro-Silico-Magnesium?
Under HSN 72029922, Ferro-Silico-Magnesium attracts Varies when sold in taxable form. Describe the exact form on the invoice.
How should mixed supplies be billed when Ferro-Silico-Magnesium is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ferro-Silico-Magnesium; Nil for exempt items if applicable).
Do e‑way bill and e‑invoice apply for Ferro-Silico-Magnesium?
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 Ferro-Silico-Magnesium?
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 Ferro-Silico-Magnesium?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.