HSN Code 72061010: Ferroalloys: Ferromanganese

HSN Code 72061010 represents Ferroalloys: Ferromanganese under GST classification. This code helps businesses identify Ferroalloys: Ferromanganese correctly for billing, taxation, and trade. With HSN Code 72061010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ferroalloys: Ferromanganese.

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Description of Goods for HSN Code 72061010

HSN Code 72061010 relates to the following description.

Description of Goods

Ingots : Of iron

Chapter

72 - Iron and steel

Sub Chapter

7206 - Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203)

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72061010 not include?

Ferroalloys: Ferromanganese does not include products with the following descriptions.

India’s Trade Performance — HSN Code 72061010 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

−20.87% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹6 Cr

−49.35% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹5 Cr

Trade Deficit

Surplus rank #8655 of 12657 HSN codes

% of Sub-Chapter 7206

FY 2024-25

0.06%

Share of Sub-Chapter 7206’s total exports in FY 2024-25

Import side: 6.07% of Sub-Chapter 7206’s imports

Rank Within Sub-Chapter 7206

FY 2024-25

#3 of 9

Position by export value among HSN codes in Sub-Chapter 7206

Import-side rank: #3 of 9

At a glance

−1.88%

Export CAGR

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

#8335

National Export Rank

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

+1,950.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.06%

Contribution to Sub-Ch. 7206

Share of Sub-Chapter 7206 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #7607

Balance

−19.70

Exports

1.02 ₹ Cr

0.0000% share

— YoY

41.13% of Sub-Ch. 7206

Imports

20.72 ₹ Cr

0.0006% share

— YoY

18.37% of Sub-Ch. 7206

FY 2019-20 Exp. Rank #8491

Balance

−7.87

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−66.67% YoY

15.18% of Sub-Ch. 7206

Imports

8.21 ₹ Cr

0.0002% share

−60.38% YoY

6.86% of Sub-Ch. 7206

FY 2020-21 Exp. Rank #9338

Balance

−8.71

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−76.47% YoY

3.86% of Sub-Ch. 7206

Imports

8.79 ₹ Cr

0.0003% share

+7.06% YoY

10.20% of Sub-Ch. 7206

FY 2021-22 Exp. Rank #7532

Balance

−9.42

Exports

1.64 ₹ Cr

0.0001% share

+1,950.00% YoY

0.21% of Sub-Ch. 7206

Imports

11.06 ₹ Cr

0.0002% share

+25.82% YoY

15.43% of Sub-Ch. 7206

FY 2022-23 Exp. Rank #7125

Balance

−8.59

Exports

2.66 ₹ Cr

0.0001% share

+62.20% YoY

0.19% of Sub-Ch. 7206

Imports

11.25 ₹ Cr

0.0002% share

+1.72% YoY

16.46% of Sub-Ch. 7206

FY 2023-24 Exp. Rank #8120

Balance

−11.23

Exports

1.15 ₹ Cr

0.0000% share

−56.77% YoY

0.08% of Sub-Ch. 7206

Imports

12.38 ₹ Cr

0.0002% share

+10.04% YoY

17.89% of Sub-Ch. 7206

FY 2024-25 Exp. Rank #8335

Balance

−5.36

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−20.87% YoY

0.06% of Sub-Ch. 7206

Imports

6.27 ₹ Cr

0.0001% share

−49.35% YoY

6.07% of Sub-Ch. 7206

CAGR · 7-Year

Exports

−1.88% /yr

Imports

−18.06% /yr

Consistently Deficit
Sub-Chapter 7206 total

reference, FY 2024-25

Export

₹1,473.38 Cr

Import

₹103.26 Cr

Trade Balance

+1,370.12

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72061010 and GST compliance.

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.

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.