HSN Code 72052990: Hot-Rolled Iron and Steel Strip (Alloy)

HSN Code 72052990 represents Hot-Rolled Iron and Steel Strip (Alloy) under GST classification. This code helps businesses identify Hot-Rolled Iron and Steel Strip (Alloy) correctly for billing, taxation, and trade. With HSN Code 72052990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hot-Rolled Iron and Steel Strip (Alloy).

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Description of Goods for HSN Code 72052990

HSN Code 72052990 relates to the following description.

Description of Goods

Powders : Other : 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 72052990 not include?

Hot-Rolled Iron and Steel Strip (Alloy) does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 72052990 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

₹55 Cr

+12.26% vs FY 2023-24

0.0015% of India’s total exports

India’s Imports

FY 2024-25

₹219 Cr

+26.88% vs FY 2023-24

0.0036% of India’s total imports

Trade Balance

FY 2024-25

−₹163 Cr

Trade Deficit

Surplus rank #11169 of 12657 HSN codes

% of Sub-Chapter 7205

FY 2024-25

17.78%

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

Import side: 28.45% of Sub-Chapter 7205’s imports

Rank Within Sub-Chapter 7205

FY 2024-25

#2 of 10

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

Import-side rank: #1 of 10

At a glance

11.09%

Export CAGR

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

#3481

National Export Rank

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

+155.46%

Peak Growth Year

FY 2021-22 · strongest single-year move

17.78%

Contribution to Sub-Ch. 7205

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

India Export-Import Trade Statistics for HSN Code 72052990

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 #3594

Balance

−141.16

Exports

29.52 ₹ Cr

0.0013% share

— YoY

15.78% of Sub-Ch. 7205

Imports

170.68 ₹ Cr

0.0048% share

— YoY

26.42% of Sub-Ch. 7205

FY 2019-20 Exp. Rank #4747

Balance

−124.34

Exports

12.23 ₹ Cr

0.0006% share

−58.57% YoY

2.22% of Sub-Ch. 7205

Imports

136.57 ₹ Cr

0.0041% share

−19.98% YoY

29.00% of Sub-Ch. 7205

FY 2020-21 Exp. Rank #4858

Balance

−136.47

Exports

11.81 ₹ Cr

0.0005% share

−3.43% YoY

0.84% of Sub-Ch. 7205

Imports

148.28 ₹ Cr

0.0051% share

+8.57% YoY

32.19% of Sub-Ch. 7205

FY 2021-22 Exp. Rank #4041

Balance

−189.68

Exports

30.17 ₹ Cr

0.0010% share

+155.46% YoY

1.88% of Sub-Ch. 7205

Imports

219.85 ₹ Cr

0.0048% share

+48.27% YoY

33.17% of Sub-Ch. 7205

FY 2022-23 Exp. Rank #3872

Balance

−204.40

Exports

37.16 ₹ Cr

0.0010% share

+23.17% YoY

3.83% of Sub-Ch. 7205

Imports

241.56 ₹ Cr

0.0042% share

+9.87% YoY

32.94% of Sub-Ch. 7205

FY 2023-24 Exp. Rank #3554

Balance

−122.93

Exports

49.41 ₹ Cr

0.0014% share

+32.97% YoY

20.07% of Sub-Ch. 7205

Imports

172.34 ₹ Cr

0.0031% share

−28.66% YoY

24.47% of Sub-Ch. 7205

FY 2024-25 Exp. Rank #3481

Balance

−163.20

Exports

55.47 ₹ Cr

0.0015% share

+12.26% YoY

17.78% of Sub-Ch. 7205

Imports

218.67 ₹ Cr

0.0036% share

+26.88% YoY

28.45% of Sub-Ch. 7205

CAGR · 7-Year

Exports

11.09% /yr

Imports

4.22% /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 72052990 Export-Import Analysis

Consistent Export Growth: 11.09% CAGR Over 7 Years

India's exports under HSN Code 72052990 have grown at a compound annual rate of 11.09% over 7 fiscal years, rising from ₹29.52 Crore in FY 2018-19 to ₹55.47 Crore in FY 2024-25.

HSN Code 72052990 Ranked #3481 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72052990 ranks #3481 out of 12657 HSN codes by total export value. Within Sub-Chapter 7205, it ranks #2 of 10. By trade surplus, it ranks #11169 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72052990 Exports

The strongest single-year export movement for HSN Code 72052990 was recorded in FY 2021-22, when exports surged by 155.46% over the prior year.

India Records a Trade Deficit of ₹163.20 Crore in HSN Code 72052990 Goods

In FY 2024-25, India's imports of ₹218.67 Cr exceeded exports of ₹55.47 Cr, resulting in a trade deficit of ₹163.20 Crore — ranking #11169 of 12657 by surplus magnitude.

Import Growth of 4.22% CAGR Signals Stable Import Dependency for Hot-Rolled Iron and Steel Strip (Alloy)

India's imports under HSN Code 72052990 have grown at 4.22% CAGR, reaching ₹218.67 Crore in FY 2024-25.

HSN Code 72052990 Contributes 17.78% of Sub-Chapter 7205 Exports — Ranked #2

Among the 10 HSN codes under Sub-Chapter 7205, HSN Code 72052990 ranks #2 by export value — accounting for 17.78% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 28.45% share (rank #1).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72052990 and GST compliance.

What products are classified under HSN 72052990 ?

It includes Other Ferroalloys

Can we claim ITC on inputs used to trade Hot-Rolled Iron and Steel Strip (Alloy)?

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

Does packaging or labelling change the GST for Hot-Rolled Iron and Steel Strip (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.

How much GST applies to Hot-Rolled Iron and Steel Strip (Alloy)?

Under HSN 72052990, Hot-Rolled Iron and Steel Strip (Alloy) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Hot-Rolled Iron and Steel Strip (Alloy) is sold with other items?

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

Do e‑way bill and e‑invoice apply for Hot-Rolled Iron and Steel Strip (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.

Any common misclassification issue with Hot-Rolled Iron and Steel Strip (Alloy)?

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

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.