HSN Code 72061090: Other Ferroalloys

HSN Code 72061090 represents Other Ferroalloys under GST classification. This code helps businesses identify Other Ferroalloys correctly for billing, taxation, and trade. With HSN Code 72061090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Ferroalloys.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 72061090

HSN Code 72061090 relates to the following description.

Description of Goods

Ingots : Other

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 72061090 not include?

Other Ferroalloys does not include products with the following descriptions.

India’s Trade Performance — HSN Code 72061090 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

−80.49% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹76 Cr

+38.57% vs FY 2023-24

0.0013% of India’s total imports

Trade Balance

FY 2024-25

−₹76 Cr

Trade Deficit

Surplus rank #10577 of 12657 HSN codes

% of Sub-Chapter 7206

FY 2024-25

0.01%

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

Import side: 73.70% of Sub-Chapter 7206’s imports

Rank Within Sub-Chapter 7206

FY 2024-25

#6 of 9

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

Import-side rank: #1 of 9

At a glance

−22.87%

Export CAGR

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

#9843

National Export Rank

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

+2,523.44%

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 2024-25

India Export-Import Trade Statistics for HSN Code 72061090

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 #8380

Balance

−81.40

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

15.32% of Sub-Ch. 7206

Imports

81.78 ₹ Cr

0.0023% share

— YoY

72.49% of Sub-Ch. 7206

FY 2019-20 Exp. Rank #8373

Balance

−100.96

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+5.26% YoY

17.86% of Sub-Ch. 7206

Imports

101.36 ₹ Cr

0.0030% share

+23.94% YoY

84.72% of Sub-Ch. 7206

FY 2020-21 Exp. Rank #8040

Balance

−72.85

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+60.00% YoY

30.92% of Sub-Ch. 7206

Imports

73.49 ₹ Cr

0.0025% share

−27.50% YoY

85.28% of Sub-Ch. 7206

FY 2021-22 Exp. Rank #4821

Balance

−40.00

Exports

16.79 ₹ Cr

0.0005% share

+2,523.44% YoY

2.20% of Sub-Ch. 7206

Imports

56.79 ₹ Cr

0.0012% share

−22.72% YoY

79.25% of Sub-Ch. 7206

FY 2022-23 Exp. Rank #5411

Balance

−41.10

Exports

11.78 ₹ Cr

0.0003% share

−29.84% YoY

0.84% of Sub-Ch. 7206

Imports

52.88 ₹ Cr

0.0009% share

−6.89% YoY

77.37% of Sub-Ch. 7206

FY 2023-24 Exp. Rank #8961

Balance

−54.51

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−96.52% YoY

0.03% of Sub-Ch. 7206

Imports

54.92 ₹ Cr

0.0010% share

+3.86% YoY

79.36% of Sub-Ch. 7206

FY 2024-25 Exp. Rank #9843

Balance

−76.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−80.49% YoY

0.01% of Sub-Ch. 7206

Imports

76.10 ₹ Cr

0.0013% share

+38.57% YoY

73.70% of Sub-Ch. 7206

CAGR · 7-Year

Exports

−22.87% /yr

Imports

−1.19% /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 72061090 Export-Import Analysis

Export Decline: −22.87% CAGR Over 7 Years

India's exports under HSN Code 72061090 have declined at a compound annual rate of −22.87% over 7 fiscal years, falling from ₹0.38 Crore in FY 2018-19 to ₹0.08 Crore in FY 2024-25.

HSN Code 72061090 Ranked #9843 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72061090 ranks #9843 out of 12657 HSN codes by total export value. Within Sub-Chapter 7206, it ranks #6 of 9. By trade surplus, it ranks #10577 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72061090 Exports

The strongest single-year export movement for HSN Code 72061090 was recorded in FY 2021-22, when exports surged by 2,523.44% over the prior year.

India Records a Trade Deficit of ₹76.02 Crore in HSN Code 72061090 Goods

In FY 2024-25, India's imports of ₹76.10 Cr exceeded exports of ₹0.08 Cr, resulting in a trade deficit of ₹76.02 Crore — ranking #10577 of 12657 by surplus magnitude.

Import Growth of −1.19% CAGR Signals Stable Import Dependency for Other Ferroalloys

India's imports under HSN Code 72061090 have grown at −1.19% CAGR, reaching ₹76.10 Crore in FY 2024-25.

HSN Code 72061090 Contributes 0.01% of Sub-Chapter 7206 Exports — Ranked #6

Among the 9 HSN codes under Sub-Chapter 7206, HSN Code 72061090 ranks #6 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 73.70% share (rank #1).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 72061090 and GST compliance.

What products are classified under HSN 72061090 ?

It includes Other Ferro-Boron Alloys

Can we claim ITC on inputs used to trade Other Ferroalloys?

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

Do e‑way bill and e‑invoice apply for Other Ferroalloys?

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.

Does packaging or labelling change the GST for Other Ferroalloys?

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 Other Ferroalloys?

Under HSN 72061090, Other Ferroalloys attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Other Ferroalloys?

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

How should mixed supplies be billed when Other Ferroalloys is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Ferroalloys; Nil for exempt items if applicable).

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.