HSN Code 72039000 represents Other Ferrous Products from Iron Ore under GST classification. This code helps businesses identify Other Ferrous Products from Iron Ore correctly for billing, taxation, and trade. With HSN Code 72039000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Ferrous Products from Iron Ore.
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HSN Code 72039000 relates to the following description.
Description of Goods
Other
Chapter
72 - Iron and steel
Sub Chapter
7203 - Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having minimum purity by weight of 99.94%, in lumps, pellets or similar forms
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Other Ferrous Products from Iron Ore does not include products with the following descriptions.
Ferrous products obtained by direct reduction of iron ore
Ferrous products obtained by direct reduction of iron ore
India’s Exports
FY 2024-25₹14 Cr
0.0004% of India’s total exports
India’s Imports
FY 2024-25₹1 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹13 Cr
Surplus rank #3121 of 12657 HSN codes
% of Sub-Chapter 7203
FY 2024-250.36%
Share of Sub-Chapter 7203’s total exports in FY 2024-25
Import side: 0.08% of Sub-Chapter 7203’s imports
Rank Within Sub-Chapter 7203
FY 2024-25#2 of 2
Position by export value among HSN codes in Sub-Chapter 7203
Import-side rank: #2 of 2
At a glance
−15.84%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5306
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+26.31%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.36%
Contribution to Sub-Ch. 7203
Share of Sub-Chapter 7203 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+36.88
Exports
40.74 ₹ Cr
0.0018% share
— YoY
2.59% of Sub-Ch. 7203
Imports
3.86 ₹ Cr
0.0001% share
— YoY
3.86% of Sub-Ch. 7203
Balance
+11.71
Exports
27.55 ₹ Cr
0.0013% share
−32.38% YoY
1.59% of Sub-Ch. 7203
Imports
15.84 ₹ Cr
0.0005% share
+310.36% YoY
12.54% of Sub-Ch. 7203
Balance
+4.13
Exports
11.29 ₹ Cr
0.0005% share
−59.02% YoY
1.00% of Sub-Ch. 7203
Imports
7.16 ₹ Cr
0.0002% share
−54.80% YoY
5.44% of Sub-Ch. 7203
Balance
+10.94
Exports
14.10 ₹ Cr
0.0004% share
+24.89% YoY
0.56% of Sub-Ch. 7203
Imports
3.16 ₹ Cr
0.0001% share
−55.87% YoY
2.90% of Sub-Ch. 7203
Balance
+15.02
Exports
17.81 ₹ Cr
0.0005% share
+26.31% YoY
0.47% of Sub-Ch. 7203
Imports
2.79 ₹ Cr
0.0000% share
−11.71% YoY
0.29% of Sub-Ch. 7203
Balance
+11.60
Exports
13.64 ₹ Cr
0.0004% share
−23.41% YoY
0.34% of Sub-Ch. 7203
Imports
2.04 ₹ Cr
0.0000% share
−26.88% YoY
0.10% of Sub-Ch. 7203
Balance
+13.35
Exports
14.48 ₹ Cr
0.0004% share
+6.16% YoY
0.36% of Sub-Ch. 7203
Imports
1.13 ₹ Cr
0.0000% share
−44.61% YoY
0.08% of Sub-Ch. 7203
CAGR · 7-Year
Exports
−15.84% /yr
Imports
−18.51% /yr
reference, FY 2024-25
Export
₹4,077.29 Cr
Import
₹1,504.51 Cr
Trade Balance
+2,572.78
India's exports under HSN Code 72039000 have declined at a compound annual rate of −15.84% over 7 fiscal years, falling from ₹40.74 Crore in FY 2018-19 to ₹14.48 Crore in FY 2024-25.
In FY 2024-25, HSN Code 72039000 ranks #5306 out of 12657 HSN codes by total export value. Within Sub-Chapter 7203, it ranks #2 of 2. By trade surplus, it ranks #3121 of 12657.
The strongest single-year export movement for HSN Code 72039000 was recorded in FY 2022-23, when exports surged by 26.31% over the prior year.
In FY 2024-25, India's exports of ₹14.48 Cr exceeded imports of ₹1.13 Cr, resulting in a trade surplus of ₹13.35 Crore — ranking #3121 of 12657 by surplus magnitude.
India's imports under HSN Code 72039000 have grown at −18.51% CAGR, reaching ₹1.13 Crore in FY 2024-25.
Among the 2 HSN codes under Sub-Chapter 7203, HSN Code 72039000 ranks #2 by export value — accounting for 0.36% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #2).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 72039000 and GST compliance.
It includes Alloy steel waste and scrap
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Ferrous Products from Iron Ore; Nil for exempt items if applicable).
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.