--- title: "HSN Code for Ferroalloys: Silicomanganese | HSN 72061020 GST Rate" description: "Find HSN and GST Rates for 72061020 related to Ferroalloys: Silicomanganese with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72061020/" --- # HSN Code 72061020: Ferroalloys: Silicomanganese - [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 high carbon steel | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72061020 ? It includes Charge-Chrome Ferro-Boron ### Can we claim ITC on inputs used to trade Ferroalloys: Silicomanganese? 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: Silicomanganese? Under HSN 72061020, Ferroalloys: Silicomanganese attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Ferroalloys: Silicomanganese is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ferroalloys: Silicomanganese; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Ferroalloys: Silicomanganese? 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 Ferroalloys: Silicomanganese? 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 72061020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−60.25% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (+56.00% YoY) — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #4745 of 12657 HSN codes - Share of Sub-Chapter 7206: 0.07% of its exports; import side 0.38% - Rank within Sub-Chapter 7206: #2 of 9 by export value; import-side #5 ### Key metrics - Export CAGR: 29.05% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8275 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,675.00% in FY 2021-22 - Contribution to Sub-Ch. 7206: 0.07% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72061020 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 Crore | 0.0000% | — | 8.47% | 2.41 | 0.0001% | — | 2.14% | −2.20 | #8774 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +19.05% | 11.16% | < ₹1 Crore | 0.0000% | −79.67% | 0.41% | −0.24 | #8687 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −84.00% | 1.93% | Nil | 0.0000% | −100.00% | 0.00% | +0.04 | #9622 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +1,675.00% | 0.09% | 1.92 | 0.0000% | — | 2.68% | −1.21 | #8298 | | FY 2022-23 | 2.96 | 0.0001% | +316.90% | 0.21% | < ₹1 Crore | 0.0000% | −97.40% | 0.07% | +2.91 | #7018 | | FY 2023-24 | 2.44 | 0.0001% | −17.57% | 0.16% | < ₹1 Crore | 0.0000% | +400.00% | 0.36% | +2.19 | #7365 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −60.25% | 0.07% | < ₹1 Crore | 0.0000% | +56.00% | 0.38% | +0.58 | #8275 | - CAGR (7-year): exports 29.05%/yr, imports -26.18%/yr (consistently Surplus) ## Key trade insights: HSN Code 72061020 export-import analysis ### Consistent export growth: 29.05% CAGR over 7 years India's exports under HSN Code 72061020 have grown at a compound annual rate of 29.05% over 7 fiscal years, rising from ₹0.21 Crore in FY 2018-19 to ₹0.97 Crore in FY 2024-25. ### HSN Code 72061020 ranked #8275 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72061020 ranks #8275 out of 12657 HSN codes by total export value. Within Sub-Chapter 7206, it ranks #2 of 9. By trade surplus, it ranks #4745 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72061020 exports The strongest single-year export movement for HSN Code 72061020 was recorded in FY 2021-22, when exports surged by 1,675.00% over the prior year. ### India maintains a trade surplus of ₹0.58 Crore in HSN Code 72061020 goods In FY 2024-25, India's exports of ₹0.97 Cr exceeded imports of ₹0.39 Cr, resulting in a trade surplus of ₹0.58 Crore — ranking #4745 of 12657 by surplus magnitude. ### Import growth of -26.18% CAGR signals stable import dependency for Ferroalloys: Silicomanganese India's imports under HSN Code 72061020 have grown at -26.18% CAGR, reaching ₹0.39 Crore in FY 2024-25. ### HSN Code 72061020 contributes 0.07% of Sub-Chapter 7206 exports — ranked #2 Among the 9 HSN codes under Sub-Chapter 7206, HSN Code 72061020 ranks #2 by export value — accounting for 0.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.38% share (rank #5). ## 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 (this hsn code) | < ₹1 Crore | | #3 | [HSN Code 72061010: Ferroalloys: Ferromanganese](https://busy.in/hsn/hsn-72061010/) | < ₹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 |