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HSN Code 72061020: High-Carbon Non-Alloy Steel Ingots

HSN Code 72061020 represents High-Carbon Non-Alloy Steel Ingots under GST classification. This code helps businesses identify High-Carbon Non-Alloy Steel Ingots correctly for billing, taxation, and trade. With HSN Code 72061020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of High-Carbon Non-Alloy Steel Ingots.

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Description of Goods for HSN Code 72061020

HSN Code 72061020 relates to the following description.

Description of Goods

Ingots : Of high carbon steel

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 72061020 not include?

High-Carbon Non-Alloy Steel Ingots does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 72061020 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

< ₹1 Crore

−87.63% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

< ₹1 Crore

−74.36% vs FY 2024-25

0.0000% of India’s total imports

Trade Balance

FY 2025-26

< ₹1 Crore

Trade Surplus

Surplus rank #5545 of 12872 HSN codes

% of Sub-Chapter 7206

FY 2025-26

0.01%

Share of Sub-Chapter 7206’s total exports in FY 2025-26

Import side: 0.06% of Sub-Chapter 7206’s imports

Rank Within Sub-Chapter 7206

FY 2025-26

#5 of 9

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

Import-side rank: #7 of 9

At a glance

−7.68%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#9781

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+1,675.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.01%

Contribution to Sub-Ch. 7206

Share of Sub-Chapter 7206 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 72061020

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #8774

Balance

−2.20

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

8.47% of Sub-Ch. 7206

Imports

2.41 ₹ Cr

0.0001% share

— YoY

2.14% of Sub-Ch. 7206

FY 2019-20 Exp. Rank #8687

Balance

−0.24

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+19.05% YoY

11.16% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−79.67% YoY

0.41% of Sub-Ch. 7206

FY 2020-21 Exp. Rank #9622

Balance

+0.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−84.00% YoY

1.93% of Sub-Ch. 7206

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7206

FY 2021-22 Exp. Rank #8298

Balance

−1.21

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,675.00% YoY

0.09% of Sub-Ch. 7206

Imports

1.92 ₹ Cr

0.0000% share

— YoY

2.68% of Sub-Ch. 7206

FY 2022-23 Exp. Rank #7018

Balance

+2.91

Exports

2.96 ₹ Cr

0.0001% share

+316.90% YoY

0.21% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−97.40% YoY

0.07% of Sub-Ch. 7206

FY 2023-24 Exp. Rank #7365

Balance

+2.19

Exports

2.44 ₹ Cr

0.0001% share

−17.57% YoY

0.16% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+400.00% YoY

0.36% of Sub-Ch. 7206

FY 2024-25 Exp. Rank #8275

Balance

+0.58

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−60.25% YoY

0.07% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+56.00% YoY

0.38% of Sub-Ch. 7206

FY 2025-26 Exp. Rank #9781

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−87.63% YoY

0.01% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−74.36% YoY

0.06% of Sub-Ch. 7206

CAGR · 8-Year

Exports

−7.68% /yr

Imports

−36.53% /yr

Consistently Surplus
Sub-Chapter 7206 total

reference, FY 2025-26

Export

₹1,556.18 Cr

Import

₹176.87 Cr

Trade Balance

+1,379.31

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

Key Trade Insights: HSN Code 72061020 Export-Import Analysis

Export Decline: −7.68% CAGR Over 8 Years

India's exports under HSN Code 72061020 have declined at a compound annual rate of −7.68% over 8 fiscal years, falling from ₹0.21 Crore in FY 2018-19 to ₹0.12 Crore in FY 2025-26.

HSN Code 72061020 Ranked #9781 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72061020 ranks #9781 out of 12872 HSN codes by total export value. Within Sub-Chapter 7206, it ranks #5 of 9. By trade surplus, it ranks #5545 of 12872.

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 ₹0.02 Crore in HSN Code 72061020 Goods

In FY 2025-26, India's exports of ₹0.12 Cr exceeded imports of ₹0.10 Cr, resulting in a trade surplus of ₹0.02 Crore — ranking #5545 of 12872 by surplus magnitude.

Import Growth of −36.53% CAGR Signals Stable Import Dependency for High-Carbon Non-Alloy Steel Ingots

India's imports under HSN Code 72061020 have grown at −36.53% CAGR, reaching ₹0.10 Crore in FY 2025-26.

HSN Code 72061020 Contributes 0.01% of Sub-Chapter 7206 Exports — Ranked #5

Among the 9 HSN codes under Sub-Chapter 7206, HSN Code 72061020 ranks #5 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.06% share (rank #7).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72061020 and GST compliance.

What products are classified under HSN 72061020 ?

It includes Charge-Chrome Ferro-Boron

Can we claim ITC on inputs used to trade High-Carbon Non-Alloy Steel Ingots?

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 High-Carbon Non-Alloy Steel Ingots?

Under HSN 72061020, High-Carbon Non-Alloy Steel Ingots attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when High-Carbon Non-Alloy Steel Ingots is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for High-Carbon Non-Alloy Steel Ingots; Nil for exempt items if applicable).

Does packaging or labelling change the GST for High-Carbon Non-Alloy Steel Ingots?

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 High-Carbon Non-Alloy Steel Ingots?

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.

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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.