HSN Code 72029990: Ferro-Boron Alloy

HSN Code 72029990 represents Ferro-Boron Alloy under GST classification. This code helps businesses identify Ferro-Boron Alloy correctly for billing, taxation, and trade. With HSN Code 72029990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ferro-Boron Alloy.

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Description of Goods for HSN Code 72029990

HSN Code 72029990 relates to the following description.

Description of Goods

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

Chapter

72 - Iron and steel

Sub Chapter

7202 - Ferro-alloys

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72029990 not include?

Ferro-Boron 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

HSN Code 72029922

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

India’s Trade Performance — HSN Code 72029990 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

₹39 Cr

+34.33% vs FY 2023-24

0.0011% of India’s total exports

India’s Imports

FY 2024-25

₹367 Cr

+10.65% vs FY 2023-24

0.0060% of India’s total imports

Trade Balance

FY 2024-25

−₹328 Cr

Trade Deficit

Surplus rank #11641 of 12657 HSN codes

% of Sub-Chapter 7202

FY 2024-25

0.18%

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

Import side: 3.95% of Sub-Chapter 7202’s imports

Rank Within Sub-Chapter 7202

FY 2024-25

#11 of 25

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

Import-side rank: #5 of 25

At a glance

−11.02%

Export CAGR

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

#3966

National Export Rank

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

+54.17%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.18%

Contribution to Sub-Ch. 7202

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

India Export-Import Trade Statistics for HSN Code 72029990

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 #2298

Balance

+27.37

Exports

77.89 ₹ Cr

0.0034% share

— YoY

0.52% of Sub-Ch. 7202

Imports

50.52 ₹ Cr

0.0014% share

— YoY

0.67% of Sub-Ch. 7202

FY 2019-20 Exp. Rank #2051

Balance

+58.98

Exports

96.94 ₹ Cr

0.0044% share

+24.46% YoY

0.82% of Sub-Ch. 7202

Imports

37.96 ₹ Cr

0.0011% share

−24.86% YoY

0.60% of Sub-Ch. 7202

FY 2020-21 Exp. Rank #3154

Balance

−35.96

Exports

42.77 ₹ Cr

0.0020% share

−55.88% YoY

0.33% of Sub-Ch. 7202

Imports

78.73 ₹ Cr

0.0027% share

+107.40% YoY

1.42% of Sub-Ch. 7202

FY 2021-22 Exp. Rank #2970

Balance

−159.92

Exports

65.94 ₹ Cr

0.0021% share

+54.17% YoY

0.24% of Sub-Ch. 7202

Imports

225.86 ₹ Cr

0.0049% share

+186.88% YoY

1.83% of Sub-Ch. 7202

FY 2022-23 Exp. Rank #3773

Balance

−152.11

Exports

40.01 ₹ Cr

0.0011% share

−39.32% YoY

0.15% of Sub-Ch. 7202

Imports

192.12 ₹ Cr

0.0033% share

−14.94% YoY

1.96% of Sub-Ch. 7202

FY 2023-24 Exp. Rank #4299

Balance

−303.00

Exports

28.78 ₹ Cr

0.0008% share

−28.07% YoY

0.12% of Sub-Ch. 7202

Imports

331.78 ₹ Cr

0.0059% share

+72.69% YoY

3.79% of Sub-Ch. 7202

FY 2024-25 Exp. Rank #3966

Balance

−328.45

Exports

38.66 ₹ Cr

0.0011% share

+34.33% YoY

0.18% of Sub-Ch. 7202

Imports

367.11 ₹ Cr

0.0060% share

+10.65% YoY

3.95% of Sub-Ch. 7202

CAGR · 7-Year

Exports

−11.02% /yr

Imports

39.17% /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 72029990 Export-Import Analysis

Export Decline: −11.02% CAGR Over 7 Years

India's exports under HSN Code 72029990 have declined at a compound annual rate of −11.02% over 7 fiscal years, falling from ₹77.89 Crore in FY 2018-19 to ₹38.66 Crore in FY 2024-25.

HSN Code 72029990 Ranked #3966 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72029990 ranks #3966 out of 12657 HSN codes by total export value. Within Sub-Chapter 7202, it ranks #11 of 25. By trade surplus, it ranks #11641 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72029990 Exports

The strongest single-year export movement for HSN Code 72029990 was recorded in FY 2021-22, when exports surged by 54.17% over the prior year.

India Records a Trade Deficit of ₹328.45 Crore in HSN Code 72029990 Goods

In FY 2024-25, India's imports of ₹367.11 Cr exceeded exports of ₹38.66 Cr, resulting in a trade deficit of ₹328.45 Crore — ranking #11641 of 12657 by surplus magnitude.

Import Growth of 39.17% CAGR Signals Rising Demand for Ferro-Boron Alloy

India's imports under HSN Code 72029990 have grown at 39.17% CAGR, reaching ₹367.11 Crore in FY 2024-25.

HSN Code 72029990 Contributes 0.18% of Sub-Chapter 7202 Exports — Ranked #11

Among the 25 HSN codes under Sub-Chapter 7202, HSN Code 72029990 ranks #11 by export value — accounting for 0.18% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.95% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72029990 and GST compliance.

What products are classified under HSN 72029990 ?

It includes Waste and scrap of cast iron

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

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

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

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

How much GST applies to Ferro-Boron Alloy?

Under HSN 72029990, Ferro-Boron Alloy 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 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.

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.