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HSN Code 72029931: Ferro-Boron

HSN Code 72029931 represents Ferro-Boron under GST classification. This code helps businesses identify Ferro-Boron correctly for billing, taxation, and trade. With HSN Code 72029931, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ferro-Boron.

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Description of Goods for HSN Code 72029931

HSN Code 72029931 relates to the following description.

Description of Goods

Other : Other : Ferro-boron, charge-chrome : Ferro-boron

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72029931 not include?

Ferro-Boron 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

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India’s Trade Performance — HSN Code 72029931 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹1 Cr

+118.52% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹33 Cr

+16.10% vs FY 2024-25

0.0005% of India’s total imports

Trade Balance

FY 2025-26

−₹32 Cr

Trade Deficit

Surplus rank #9939 of 12872 HSN codes

% of Sub-Chapter 7202

FY 2025-26

0.00%

Share of Sub-Chapter 7202’s total exports in FY 2025-26

Import side: 0.40% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2025-26

#18 of 25

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

Import-side rank: #13 of 25

At a glance

2.54%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#8257

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+118.52%

Peak Growth Year

FY 2025-26 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7202

Share of Sub-Chapter 7202 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 72029931

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #7640

Balance

−17.12

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 7202

Imports

18.11 ₹ Cr

0.0005% share

— YoY

0.24% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #7503

Balance

−17.92

Exports

1.11 ₹ Cr

0.0001% share

+12.12% YoY

0.01% of Sub-Ch. 7202

Imports

19.03 ₹ Cr

0.0006% share

+5.08% YoY

0.30% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #7681

Balance

−18.74

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−12.61% YoY

0.01% of Sub-Ch. 7202

Imports

19.71 ₹ Cr

0.0007% share

+3.57% YoY

0.36% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #7894

Balance

−20.47

Exports

1.10 ₹ Cr

0.0000% share

+13.40% YoY

0.00% of Sub-Ch. 7202

Imports

21.57 ₹ Cr

0.0005% share

+9.44% YoY

0.17% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #8541

Balance

−60.35

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−45.45% YoY

0.00% of Sub-Ch. 7202

Imports

60.95 ₹ Cr

0.0011% share

+182.57% YoY

0.62% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #8809

Balance

−28.60

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−18.33% YoY

0.00% of Sub-Ch. 7202

Imports

29.09 ₹ Cr

0.0005% share

−52.27% YoY

0.33% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #8762

Balance

−27.72

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+10.20% YoY

0.00% of Sub-Ch. 7202

Imports

28.26 ₹ Cr

0.0005% share

−2.85% YoY

0.30% of Sub-Ch. 7202

FY 2025-26 Exp. Rank #8257

Balance

−31.63

Exports

1.18 ₹ Cr

0.0000% share

+118.52% YoY

0.00% of Sub-Ch. 7202

Imports

32.81 ₹ Cr

0.0005% share

+16.10% YoY

0.40% of Sub-Ch. 7202

CAGR · 8-Year

Exports

2.54% /yr

Imports

8.86% /yr

Consistently Deficit
Sub-Chapter 7202 total

reference, FY 2025-26

Export

₹25,580.83 Cr

Import

₹8,182.99 Cr

Trade Balance

+17,397.84

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72029931 Export-Import Analysis

Consistent Export Growth: 2.54% CAGR Over 8 Years

India's exports under HSN Code 72029931 have grown at a compound annual rate of 2.54% over 8 fiscal years, rising from ₹0.99 Crore in FY 2018-19 to ₹1.18 Crore in FY 2025-26.

HSN Code 72029931 Ranked #8257 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72029931 ranks #8257 out of 12872 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #18 of 25. By trade surplus, it ranks #9939 of 12872.

FY 2025-26 Was the Strongest Growth Year for HSN Code 72029931 Exports

The strongest single-year export movement for HSN Code 72029931 was recorded in FY 2025-26, when exports surged by 118.52% over the prior year.

India Records a Trade Deficit of ₹31.63 Crore in HSN Code 72029931 Goods

In FY 2025-26, India's imports of ₹32.81 Cr exceeded exports of ₹1.18 Cr, resulting in a trade deficit of ₹31.63 Crore — ranking #9939 of 12872 by surplus magnitude.

Import Growth of 8.86% CAGR Signals Stable Import Dependency for Ferro-Boron

India's imports under HSN Code 72029931 have grown at 8.86% CAGR, reaching ₹32.81 Crore in FY 2025-26.

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 2025-26. On the import side, it holds 0.40% share (rank #13).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72029931 and GST compliance.

What products are classified under HSN 72029931 ?

It includes Ferrous Products from Direct Reduction of Iron Ore

How should mixed supplies be billed when Ferro-Boron is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ferro-Boron; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Ferro-Boron?

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 Ferro-Boron?

Under HSN 72029931, Ferro-Boron attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Ferro-Boron?

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 Ferro-Boron?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

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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.