HSN Code 72051029: Other Cold-Rolled Flat Products

HSN Code 72051029 represents Other Cold-Rolled Flat Products under GST classification. This code helps businesses identify Other Cold-Rolled Flat Products correctly for billing, taxation, and trade. With HSN Code 72051029, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Cold-Rolled Flat Products.

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Description of Goods for HSN Code 72051029

HSN Code 72051029 relates to the following description.

Description of Goods

Granules : Of alloy steel : Other

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 72051029 not include?

Other Cold-Rolled Flat Products does not include products with the following descriptions.

India’s Trade Performance — HSN Code 72051029 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

< ₹1 Crore

+200.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹12 Cr

+42.32% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹12 Cr

Trade Deficit

Surplus rank #9192 of 12657 HSN codes

% of Sub-Chapter 7205

FY 2024-25

0.05%

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

Import side: 1.58% of Sub-Chapter 7205’s imports

Rank Within Sub-Chapter 7205

FY 2024-25

#10 of 10

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

Import-side rank: #8 of 10

At a glance

#9570

National Export Rank

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

+430.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.05%

Contribution to Sub-Ch. 7205

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

India Export-Import Trade Statistics for HSN Code 72051029

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

Balance

−4.85

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7205

Imports

4.85 ₹ Cr

0.0001% share

— YoY

0.75% of Sub-Ch. 7205

FY 2019-20 Exp. Rank #9172

Balance

−2.47

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.02% of Sub-Ch. 7205

Imports

2.57 ₹ Cr

0.0001% share

−47.01% YoY

0.55% of Sub-Ch. 7205

FY 2020-21 Exp. Rank #8191

Balance

−2.55

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+430.00% YoY

0.04% of Sub-Ch. 7205

Imports

3.08 ₹ Cr

0.0001% share

+19.84% YoY

0.67% of Sub-Ch. 7205

FY 2021-22 Exp. Rank #8745

Balance

−2.95

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−26.42% YoY

0.02% of Sub-Ch. 7205

Imports

3.34 ₹ Cr

0.0001% share

+8.44% YoY

0.50% of Sub-Ch. 7205

FY 2022-23 Exp. Rank #9591

Balance

−2.89

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−71.79% YoY

0.01% of Sub-Ch. 7205

Imports

3.00 ₹ Cr

0.0001% share

−10.18% YoY

0.41% of Sub-Ch. 7205

FY 2023-24 Exp. Rank #10057

Balance

−8.48

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−54.55% YoY

0.02% of Sub-Ch. 7205

Imports

8.53 ₹ Cr

0.0002% share

+184.33% YoY

1.21% of Sub-Ch. 7205

FY 2024-25 Exp. Rank #9570

Balance

−11.99

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+200.00% YoY

0.05% of Sub-Ch. 7205

Imports

12.14 ₹ Cr

0.0002% share

+42.32% YoY

1.58% of Sub-Ch. 7205

CAGR · 7-Year

Exports

—

Imports

16.52% /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 72051029 Export-Import Analysis

Export Snapshot for HSN Code 72051029

India exported ₹0.15 Crore worth of Other Cold-Rolled Flat Products in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 72051029 Ranked #9570 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72051029 ranks #9570 out of 12657 HSN codes by total export value. Within Sub-Chapter 7205, it ranks #10 of 10. By trade surplus, it ranks #9192 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 72051029 Exports

The strongest single-year export movement for HSN Code 72051029 was recorded in FY 2020-21, when exports surged by 430.00% over the prior year.

India Records a Trade Deficit of ₹11.99 Crore in HSN Code 72051029 Goods

In FY 2024-25, India's imports of ₹12.14 Cr exceeded exports of ₹0.15 Cr, resulting in a trade deficit of ₹11.99 Crore — ranking #9192 of 12657 by surplus magnitude.

Import Growth of 16.52% CAGR Signals Rising Demand for Other Cold-Rolled Flat Products

India's imports under HSN Code 72051029 have grown at 16.52% CAGR, reaching ₹12.14 Crore in FY 2024-25.

HSN Code 72051029 Contributes 0.05% of Sub-Chapter 7205 Exports — Ranked #10

Among the 10 HSN codes under Sub-Chapter 7205, HSN Code 72051029 ranks #10 by export value — accounting for 0.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.58% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72051029 and GST compliance.

What products are classified under HSN 72051029 ?

It includes Hot-Rolled Iron and Steel Strip (Non-Alloy)

How should mixed supplies be billed when Other Cold-Rolled Flat Products 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 Flat Products; Nil for exempt items if applicable).

How much GST applies to Other Cold-Rolled Flat Products?

Under HSN 72051029, Other Cold-Rolled Flat Products attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Other Cold-Rolled Flat Products?

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

Any common misclassification issue with Other Cold-Rolled Flat Products?

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

Do e‑way bill and e‑invoice apply for Other Cold-Rolled Flat Products?

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.