--- title: "HSN Code for Other Cold-Rolled Steel Strip | HSN 72029931 GST Rate" description: "Find HSN and GST Rates for 72029931 related to Other Cold-Rolled Steel Strip with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72029931/" --- # HSN Code 72029931: Other Cold-Rolled Steel Strip - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/) - [Sub-chapter 7202: Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other : Other : Ferro-boron, charge-chrome : Ferro-boron | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72029931 ? It includes Ferrous Products from Direct Reduction of Iron Ore ### How should mixed supplies be billed when Other Cold-Rolled Steel Strip is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Cold-Rolled Steel Strip; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Other Cold-Rolled Steel Strip? 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. ### How much GST applies to Other Cold-Rolled Steel Strip? Under HSN 72029931, Other Cold-Rolled Steel Strip attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Other Cold-Rolled Steel Strip? 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. ### Any common misclassification issue with Other Cold-Rolled Steel Strip? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 72029931 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+10.20% YoY) — 0.0000% of India's total exports - Imports: ₹28 Cr (−2.85% YoY) — 0.0005% of India's total imports - Trade balance: −₹28 Cr (Deficit); surplus rank #9791 of 12657 HSN codes - Share of Sub-Chapter 7202: 0.00% of its exports; import side 0.30% - Rank within Sub-Chapter 7202: #18 of 25 by export value; import-side #14 ### Key metrics - Export CAGR: -9.61% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8762 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +13.40% in FY 2021-22 - Contribution to Sub-Ch. 7202: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72029931 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7202 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7202 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.01% | 18.11 | 0.0005% | — | 0.24% | −17.12 | #7640 | | FY 2019-20 | 1.11 | 0.0001% | +12.12% | 0.01% | 19.03 | 0.0006% | +5.08% | 0.30% | −17.92 | #7503 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −12.61% | 0.01% | 19.71 | 0.0007% | +3.57% | 0.36% | −18.74 | #7681 | | FY 2021-22 | 1.10 | 0.0000% | +13.40% | 0.00% | 21.57 | 0.0005% | +9.44% | 0.17% | −20.47 | #7894 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −45.45% | 0.00% | 60.95 | 0.0011% | +182.57% | 0.62% | −60.35 | #8541 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −18.33% | 0.00% | 29.09 | 0.0005% | −52.27% | 0.33% | −28.60 | #8809 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +10.20% | 0.00% | 28.26 | 0.0005% | −2.85% | 0.30% | −27.72 | #8762 | - CAGR (7-year): exports -9.61%/yr, imports 7.70%/yr (consistently Deficit) ## Key trade insights: HSN Code 72029931 export-import analysis ### Export decline: -9.61% CAGR over 7 years India's exports under HSN Code 72029931 have declined at a compound annual rate of -9.61% over 7 fiscal years, falling from ₹0.99 Crore in FY 2018-19 to ₹0.54 Crore in FY 2024-25. ### HSN Code 72029931 ranked #8762 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72029931 ranks #8762 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #18 of 25. By trade surplus, it ranks #9791 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72029931 exports The strongest single-year export movement for HSN Code 72029931 was recorded in FY 2021-22, when exports surged by 13.40% over the prior year. ### India records a trade deficit of ₹27.72 Crore in HSN Code 72029931 goods In FY 2024-25, India's imports of ₹28.26 Cr exceeded exports of ₹0.54 Cr, resulting in a trade deficit of ₹27.72 Crore — ranking #9791 of 12657 by surplus magnitude. ### Import growth of 7.70% CAGR signals stable import dependency for Other Cold-Rolled Steel Strip India's imports under HSN Code 72029931 have grown at 7.70% CAGR, reaching ₹28.26 Crore in FY 2024-25. ### HSN Code 72029931 contributes 0.00% of Sub-Chapter 7202 exports — ranked #18 Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72029931 ranks #18 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.30% share (rank #14). ## Related HSN Codes in Sub-Chapter 7202 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72023000: Iron Tubes and Pipes](https://busy.in/hsn/hsn-72023000/) | ₹8,619 Cr | | #2 | [HSN Code 72024100: Tubes and Pipes of Cast Iron](https://busy.in/hsn/hsn-72024100/) | ₹4,819 Cr | | #3 | [HSN Code 72021100: Non-Alloyed Hot-Rolled Iron](https://busy.in/hsn/hsn-72021100/) | ₹4,716 Cr | | #4 | [HSN Code 72021900: Alloy Hot-Rolled Iron](https://busy.in/hsn/hsn-72021900/) | ₹2,009 Cr | | #5 | [HSN Code 72024900: Other Cast Iron Tubes and Pipes](https://busy.in/hsn/hsn-72024900/) | ₹680 Cr | | #6 | [HSN Code 72022100: Non-Alloyed Cold-Rolled Iron](https://busy.in/hsn/hsn-72022100/) | ₹376 Cr | | #7 | [HSN Code 72027000: Other Flat-Rolled Iron and Steel](https://busy.in/hsn/hsn-72027000/) | ₹315 Cr | | #8 | [HSN Code 72029922: Cold-Rolled Steel Strip - Alloy](https://busy.in/hsn/hsn-72029922/) | ₹122 Cr | | #9 | [HSN Code 72029100: Cold-Rolled Flat Iron and Steel](https://busy.in/hsn/hsn-72029100/) | ₹106 Cr | | #10 | [HSN Code 72022900: Alloy Cold-Rolled Iron](https://busy.in/hsn/hsn-72022900/) | ₹53 Cr | | #18 | HSN Code 72029931: Other Cold-Rolled Steel Strip (this hsn code) | < ₹1 Crore |