--- title: "HSN Code for Ferroalloys: Ferromanganese | HSN 72061010 GST Rate" description: "Find HSN and GST Rates for 72061010 related to Ferroalloys: Ferromanganese with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72061010/" --- # HSN Code 72061010: Ferroalloys: Ferromanganese - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/) - [Sub-chapter 7206: Primary Iron & Steel](https://busy.in/hsn/sub-chapter-7206/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Ingots : Of iron | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72061010 ? It includes Ferro-Chromium Alloys ### Can we claim ITC on inputs used to trade Ferroalloys: Ferromanganese? 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 Ferroalloys: Ferromanganese? Under HSN 72061010, Ferroalloys: Ferromanganese attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Ferroalloys: Ferromanganese? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Ferroalloys: Ferromanganese? 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 should mixed supplies be billed when Ferroalloys: Ferromanganese is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ferroalloys: Ferromanganese; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Ferroalloys: Ferromanganese? 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. ## India's trade performance: HSN Code 72061010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−20.87% YoY) — 0.0000% of India's total exports - Imports: ₹6 Cr (−49.35% YoY) — 0.0001% of India's total imports - Trade balance: −₹5 Cr (Deficit); surplus rank #8655 of 12657 HSN codes - Share of Sub-Chapter 7206: 0.06% of its exports; import side 6.07% - Rank within Sub-Chapter 7206: #3 of 9 by export value; import-side #3 ### Key metrics - Export CAGR: -1.88% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8335 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,950.00% in FY 2021-22 - Contribution to Sub-Ch. 7206: 0.06% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72061010 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7206 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7206 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 1.02 | 0.0000% | — | 41.13% | 20.72 | 0.0006% | — | 18.37% | −19.70 | #7607 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −66.67% | 15.18% | 8.21 | 0.0002% | −60.38% | 6.86% | −7.87 | #8491 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −76.47% | 3.86% | 8.79 | 0.0003% | +7.06% | 10.20% | −8.71 | #9338 | | FY 2021-22 | 1.64 | 0.0001% | +1,950.00% | 0.21% | 11.06 | 0.0002% | +25.82% | 15.43% | −9.42 | #7532 | | FY 2022-23 | 2.66 | 0.0001% | +62.20% | 0.19% | 11.25 | 0.0002% | +1.72% | 16.46% | −8.59 | #7125 | | FY 2023-24 | 1.15 | 0.0000% | −56.77% | 0.08% | 12.38 | 0.0002% | +10.04% | 17.89% | −11.23 | #8120 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −20.87% | 0.06% | 6.27 | 0.0001% | −49.35% | 6.07% | −5.36 | #8335 | - CAGR (7-year): exports -1.88%/yr, imports -18.06%/yr (consistently Deficit) ## Key trade insights: HSN Code 72061010 export-import analysis ### Export decline: -1.88% CAGR over 7 years India's exports under HSN Code 72061010 have declined at a compound annual rate of -1.88% over 7 fiscal years, falling from ₹1.02 Crore in FY 2018-19 to ₹0.91 Crore in FY 2024-25. ### HSN Code 72061010 ranked #8335 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72061010 ranks #8335 out of 12657 HSN codes by total export value. Within Sub-Chapter 7206, it ranks #3 of 9. By trade surplus, it ranks #8655 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72061010 exports The strongest single-year export movement for HSN Code 72061010 was recorded in FY 2021-22, when exports surged by 1,950.00% over the prior year. ### India records a trade deficit of ₹5.36 Crore in HSN Code 72061010 goods In FY 2024-25, India's imports of ₹6.27 Cr exceeded exports of ₹0.91 Cr, resulting in a trade deficit of ₹5.36 Crore — ranking #8655 of 12657 by surplus magnitude. ### Import growth of -18.06% CAGR signals stable import dependency for Ferroalloys: Ferromanganese India's imports under HSN Code 72061010 have grown at -18.06% CAGR, reaching ₹6.27 Crore in FY 2024-25. ### HSN Code 72061010 contributes 0.06% of Sub-Chapter 7206 exports — ranked #3 Among the 9 HSN codes under Sub-Chapter 7206, HSN Code 72061010 ranks #3 by export value — accounting for 0.06% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 6.07% share (rank #3). ## Related HSN Codes in Sub-Chapter 7206 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72069019: Other Ferro-Boron Alloys](https://busy.in/hsn/hsn-72069019/) | ₹1,471 Cr | | #2 | [HSN Code 72061020: Ferroalloys: Silicomanganese](https://busy.in/hsn/hsn-72061020/) | < ₹1 Crore | | #3 | HSN Code 72061010: Ferroalloys: Ferromanganese (this hsn code) | < ₹1 Crore | | #4 | [HSN Code 72069099: Other Ferro-Nickel Alloys](https://busy.in/hsn/hsn-72069099/) | < ₹1 Crore | | #5 | [HSN Code 72069012: Charge-Chrome Ferro-Boron](https://busy.in/hsn/hsn-72069012/) | < ₹1 Crore | | #6 | [HSN Code 72061090: Other Ferroalloys](https://busy.in/hsn/hsn-72061090/) | < ₹1 Crore | | #7 | [HSN Code 72069011: Ferro-Chromium Alloys](https://busy.in/hsn/hsn-72069011/) | < ₹1 Crore | | — | [HSN Code 72069091: Ferro-Nickel Alloys](https://busy.in/hsn/hsn-72069091/) | Nil | | — | [HSN Code 72069092: Ferro-Nickel with Cobalt](https://busy.in/hsn/hsn-72069092/) | Nil |