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HSN Code 72061090: Other Iron or Non-Alloy Steel Ingots

HSN Code 72061090 represents Other Iron or Non-Alloy Steel Ingots under GST classification. This code helps businesses identify Other Iron or Non-Alloy Steel Ingots 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 Iron or Non-Alloy Steel Ingots.

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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 Iron or Non-Alloy Steel Ingots does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 72061090 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

+350.00% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹47 Cr

−38.65% vs FY 2024-25

0.0007% of India’s total imports

Trade Balance

FY 2025-26

−₹46 Cr

Trade Deficit

Surplus rank #10247 of 12872 HSN codes

% of Sub-Chapter 7206

FY 2025-26

0.02%

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

Import side: 26.40% of Sub-Chapter 7206’s imports

Rank Within Sub-Chapter 7206

FY 2025-26

#4 of 9

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

Import-side rank: #2 of 9

At a glance

−0.77%

Export CAGR

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

#9172

National Export Rank

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

+2,523.44%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.02%

Contribution to Sub-Ch. 7206

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

India Export-Import Trade Statistics for HSN Code 72061090

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 #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

FY 2025-26 Exp. Rank #9172

Balance

−46.33

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+350.00% YoY

0.02% of Sub-Ch. 7206

Imports

46.69 ₹ Cr

0.0007% share

−38.65% YoY

26.40% of Sub-Ch. 7206

CAGR · 8-Year

Exports

−0.77% /yr

Imports

−7.70% /yr

Consistently Deficit
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 72061090 Export-Import Analysis

Export Decline: −0.77% CAGR Over 8 Years

India's exports under HSN Code 72061090 have declined at a compound annual rate of −0.77% over 8 fiscal years, falling from ₹0.38 Crore in FY 2018-19 to ₹0.36 Crore in FY 2025-26.

HSN Code 72061090 Ranked #9172 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72061090 ranks #9172 out of 12872 HSN codes by total export value. Within Sub-Chapter 7206, it ranks #4 of 9. By trade surplus, it ranks #10247 of 12872.

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 ₹46.33 Crore in HSN Code 72061090 Goods

In FY 2025-26, India's imports of ₹46.69 Cr exceeded exports of ₹0.36 Cr, resulting in a trade deficit of ₹46.33 Crore — ranking #10247 of 12872 by surplus magnitude.

Import Growth of −7.70% CAGR Signals Stable Import Dependency for Other Iron or Non-Alloy Steel Ingots

India's imports under HSN Code 72061090 have grown at −7.70% CAGR, reaching ₹46.69 Crore in FY 2025-26.

HSN Code 72061090 Contributes 0.02% of Sub-Chapter 7206 Exports — Ranked #4

Among the 9 HSN codes under Sub-Chapter 7206, HSN Code 72061090 ranks #4 by export value — accounting for 0.02% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 26.40% share (rank #2).

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 Iron or 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.

Do e‑way bill and e‑invoice apply for Other Iron or 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.

Does packaging or labelling change the GST for Other Iron or 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.

How much GST applies to Other Iron or Non-Alloy Steel Ingots?

Under HSN 72061090, Other Iron or Non-Alloy Steel Ingots attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Other Iron or Non-Alloy Steel Ingots?

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 Iron or 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 Other Iron or Non-Alloy Steel Ingots; Nil for exempt items if applicable).

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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.