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HSN Code 72069012: Iron Blocks, Lumps and Similar Primary Forms

HSN Code 72069012 represents Iron Blocks, Lumps and Similar Primary Forms under GST classification. This code helps businesses identify Iron Blocks, Lumps and Similar Primary Forms correctly for billing, taxation, and trade. With HSN Code 72069012, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron Blocks, Lumps and Similar Primary Forms.

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Description of Goods for HSN Code 72069012

HSN Code 72069012 relates to the following description.

Description of Goods

Other : Of iron : Blocks, lumps and similar forms

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 72069012 not include?

Iron Blocks, Lumps and Similar Primary Forms does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 72069012 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

−78.57% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

< ₹1 Crore

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2025-26

−< ₹1 Crore

Trade Deficit

Surplus rank #7859 of 12872 HSN codes

% of Sub-Chapter 7206

FY 2025-26

0.00%

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

Import side: 0.39% of Sub-Chapter 7206’s imports

Rank Within Sub-Chapter 7206

FY 2025-26

#6 of 9

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

Import-side rank: #5 of 9

At a glance

#10294

National Export Rank

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

+180.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7206

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

India Export-Import Trade Statistics for HSN Code 72069012

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

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7206

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7206

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7206

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7206

FY 2020-21

Balance

−0.10

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.12% of Sub-Ch. 7206

FY 2021-22

Balance

−0.03

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−70.00% YoY

0.04% of Sub-Ch. 7206

FY 2022-23

Balance

−0.01

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−66.67% YoY

0.01% of Sub-Ch. 7206

FY 2023-24 Exp. Rank #10057

Balance

0.00

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+400.00% YoY

0.07% of Sub-Ch. 7206

FY 2024-25 Exp. Rank #9607

Balance

+0.14

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+180.00% YoY

0.01% of Sub-Ch. 7206

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7206

FY 2025-26 Exp. Rank #10294

Balance

−0.66

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−78.57% YoY

0.00% of Sub-Ch. 7206

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.39% of Sub-Ch. 7206

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 72069012 Export-Import Analysis

Export Snapshot for HSN Code 72069012

India exported ₹0.03 Crore worth of Iron Blocks, Lumps and Similar Primary Forms in FY 2025-26. Multi-year trend data is being compiled for this hsn code.

HSN Code 72069012 Ranked #10294 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72069012 ranks #10294 out of 12872 HSN codes by total export value. Within Sub-Chapter 7206, it ranks #6 of 9. By trade surplus, it ranks #7859 of 12872.

FY 2024-25 Was the Strongest Growth Year for HSN Code 72069012 Exports

The strongest single-year export movement for HSN Code 72069012 was recorded in FY 2024-25, when exports surged by 180.00% over the prior year.

India Records a Trade Deficit of ₹0.66 Crore in HSN Code 72069012 Goods

In FY 2025-26, India's imports of ₹0.69 Cr exceeded exports of ₹0.03 Cr, resulting in a trade deficit of ₹0.66 Crore — ranking #7859 of 12872 by surplus magnitude.

HSN Code 72069012 Contributes 0.00% of Sub-Chapter 7206 Exports — Ranked #6

Among the 9 HSN codes under Sub-Chapter 7206, HSN Code 72069012 ranks #6 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.39% share (rank #5).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72069012 and GST compliance.

What products are classified under HSN 72069012 ?

It includes Ferro-Nickel with Cobalt

How much GST applies to Iron Blocks, Lumps and Similar Primary Forms?

Under HSN 72069012, Iron Blocks, Lumps and Similar Primary Forms attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Iron Blocks, Lumps and Similar Primary Forms?

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 Iron Blocks, Lumps and Similar Primary Forms?

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.

Any common misclassification issue with Iron Blocks, Lumps and Similar Primary Forms?

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 Iron Blocks, Lumps and Similar Primary Forms is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Iron Blocks, Lumps and Similar Primary Forms; 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.