HSN Code 72051021: Iron or Non-Alloyed Cold-Rolled Flat Products (Coils)

HSN Code 72051021 represents Iron or Non-Alloyed Cold-Rolled Flat Products (Coils) under GST classification. This code helps businesses identify Iron or Non-Alloyed Cold-Rolled Flat Products (Coils) correctly for billing, taxation, and trade. With HSN Code 72051021, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron or Non-Alloyed Cold-Rolled Flat Products (Coils).

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Description of Goods for HSN Code 72051021

HSN Code 72051021 relates to the following description.

Description of Goods

Granules : Of alloy steel : Shot and angular grit

Chapter

72 - Iron and steel

Sub Chapter

7205 - Granules and powders, of pig iron, spiegeleisen, iron or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72051021 not include?

Iron or Non-Alloyed Cold-Rolled Flat Products (Coils) does not include products with the following descriptions.

India’s Trade Performance — HSN Code 72051021 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

₹3 Cr

−6.03% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹166 Cr

+3.38% vs FY 2023-24

0.0027% of India’s total imports

Trade Balance

FY 2024-25

−₹163 Cr

Trade Deficit

Surplus rank #11168 of 12657 HSN codes

% of Sub-Chapter 7205

FY 2024-25

0.85%

Share of Sub-Chapter 7205’s total exports in FY 2024-25

Import side: 21.55% of Sub-Chapter 7205’s imports

Rank Within Sub-Chapter 7205

FY 2024-25

#5 of 10

Position by export value among HSN codes in Sub-Chapter 7205

Import-side rank: #2 of 10

At a glance

28.82%

Export CAGR

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

#7328

National Export Rank

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

+538.64%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.85%

Contribution to Sub-Ch. 7205

Share of Sub-Chapter 7205 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72051021

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 #8072

Balance

−77.41

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.31% of Sub-Ch. 7205

Imports

77.99 ₹ Cr

0.0022% share

— YoY

12.07% of Sub-Ch. 7205

FY 2019-20 Exp. Rank #7829

Balance

−67.75

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+34.48% YoY

0.14% of Sub-Ch. 7205

Imports

68.53 ₹ Cr

0.0020% share

−12.13% YoY

14.55% of Sub-Ch. 7205

FY 2020-21 Exp. Rank #8328

Balance

−68.25

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−43.59% YoY

0.03% of Sub-Ch. 7205

Imports

68.69 ₹ Cr

0.0024% share

+0.23% YoY

14.91% of Sub-Ch. 7205

FY 2021-22 Exp. Rank #6962

Balance

−92.59

Exports

2.81 ₹ Cr

0.0001% share

+538.64% YoY

0.18% of Sub-Ch. 7205

Imports

95.40 ₹ Cr

0.0021% share

+38.88% YoY

14.39% of Sub-Ch. 7205

FY 2022-23 Exp. Rank #6881

Balance

−120.70

Exports

3.36 ₹ Cr

0.0001% share

+19.57% YoY

0.35% of Sub-Ch. 7205

Imports

124.06 ₹ Cr

0.0022% share

+30.04% YoY

16.91% of Sub-Ch. 7205

FY 2023-24 Exp. Rank #7212

Balance

−157.38

Exports

2.82 ₹ Cr

0.0001% share

−16.07% YoY

1.15% of Sub-Ch. 7205

Imports

160.20 ₹ Cr

0.0029% share

+29.13% YoY

22.74% of Sub-Ch. 7205

FY 2024-25 Exp. Rank #7328

Balance

−162.97

Exports

2.65 ₹ Cr

0.0001% share

−6.03% YoY

0.85% of Sub-Ch. 7205

Imports

165.62 ₹ Cr

0.0027% share

+3.38% YoY

21.55% of Sub-Ch. 7205

CAGR · 7-Year

Exports

28.82% /yr

Imports

13.37% /yr

Consistently Deficit
Sub-Chapter 7205 total

reference, FY 2024-25

Export

₹312.02 Cr

Import

₹768.52 Cr

Trade Balance

−456.50

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

Key Trade Insights: HSN Code 72051021 Export-Import Analysis

Consistent Export Growth: 28.82% CAGR Over 7 Years

India's exports under HSN Code 72051021 have grown at a compound annual rate of 28.82% over 7 fiscal years, rising from ₹0.58 Crore in FY 2018-19 to ₹2.65 Crore in FY 2024-25.

HSN Code 72051021 Ranked #7328 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72051021 ranks #7328 out of 12657 HSN codes by total export value. Within Sub-Chapter 7205, it ranks #5 of 10. By trade surplus, it ranks #11168 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72051021 Exports

The strongest single-year export movement for HSN Code 72051021 was recorded in FY 2021-22, when exports surged by 538.64% over the prior year.

India Records a Trade Deficit of ₹162.97 Crore in HSN Code 72051021 Goods

In FY 2024-25, India's imports of ₹165.62 Cr exceeded exports of ₹2.65 Cr, resulting in a trade deficit of ₹162.97 Crore — ranking #11168 of 12657 by surplus magnitude.

Import Growth of 13.37% CAGR Signals Rising Demand for Iron or Non-Alloyed Cold-Rolled Flat Products (Coils)

India's imports under HSN Code 72051021 have grown at 13.37% CAGR, reaching ₹165.62 Crore in FY 2024-25.

HSN Code 72051021 Contributes 0.85% of Sub-Chapter 7205 Exports — Ranked #5

Among the 10 HSN codes under Sub-Chapter 7205, HSN Code 72051021 ranks #5 by export value — accounting for 0.85% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 21.55% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72051021 and GST compliance.

What products are classified under HSN 72051021 ?

It includes Flat-Rolled Iron and Steel Products (Others)

Any common misclassification issue with Iron or Non-Alloyed Cold-Rolled Flat Products (Coils)?

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

How much GST applies to Iron or Non-Alloyed Cold-Rolled Flat Products (Coils)?

Under HSN 72051021, Iron or Non-Alloyed Cold-Rolled Flat Products (Coils) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Iron or Non-Alloyed Cold-Rolled Flat Products (Coils)?

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.

Do e‑way bill and e‑invoice apply for Iron or Non-Alloyed Cold-Rolled Flat Products (Coils)?

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.

Can we claim ITC on inputs used to trade Iron or Non-Alloyed Cold-Rolled Flat Products (Coils)?

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

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.