---
title: "HSN Code for Semi-Finished Products of Iron or Non-Alloy Steel | HSN 72071110 GST Rate"
description: "Find HSN and GST Rates for 72071110 related to Semi-Finished Products of Iron or Non-Alloy Steel with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72071110/"
---

# HSN Code 72071110: Semi-Finished Products of Iron or Non-Alloy Steel

- [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 7207: Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Electrical quality | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72071110 ?

It includes Other Semi-Finished Steel Products

### Can we claim ITC on inputs used to trade Semi-Finished Products of Iron or Non-Alloy Steel?

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

### How should mixed supplies be billed when Semi-Finished Products of Iron or Non-Alloy Steel is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Semi-Finished Products of Iron or Non-Alloy Steel; Nil for exempt items if applicable).

### Do e‑way bill and e‑invoice apply for Semi-Finished Products of Iron or Non-Alloy Steel?

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 Semi-Finished Products of Iron or Non-Alloy Steel?

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 Semi-Finished Products of Iron or Non-Alloy Steel?

Under HSN 72071110, Semi-Finished Products of Iron or Non-Alloy Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

## India's trade performance: HSN Code 72071110 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹2 Cr (−62.54% YoY) — 0.0001% of India's total exports
- Imports: ₹3 Cr (−96.41% YoY) — 0.0001% of India's total imports
- Trade balance: −< ₹1 Crore (Deficit); surplus rank #7805 of 12657 HSN codes
- Share of Sub-Chapter 7207: 0.07% of its exports; import side 0.27%
- Rank within Sub-Chapter 7207: #7 of 15 by export value; import-side #7

### Key metrics

- Export CAGR: 30.12% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #7463 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +61,466.67% in FY 2020-21
- Contribution to Sub-Ch. 7207: 0.07% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72071110

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. 7207 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7207 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.01% | Nil | 0.0000% | — | 0.00% | +0.48 | #8208 |
| FY 2019-20 | < ₹1 Crore | 0.0000% | −81.25% | 0.00% | < ₹1 Crore | 0.0000% | — | 0.10% | −0.31 | #9220 |
| FY 2020-21 | 55.41 | 0.0026% | +61,466.67% | 0.28% | < ₹1 Crore | 0.0000% | −90.00% | 0.01% | +55.37 | #2784 |
| FY 2021-22 | 51.60 | 0.0016% | −6.88% | 0.23% | < ₹1 Crore | 0.0000% | +1,350.00% | 0.58% | +51.02 | #3320 |
| FY 2022-23 | 1.24 | 0.0000% | −97.60% | 0.02% | Nil | 0.0000% | −100.00% | 0.00% | +1.24 | #7905 |
| FY 2023-24 | 6.22 | 0.0002% | +401.61% | 0.16% | 85.23 | 0.0015% | — | 4.20% | −79.01 | #6311 |
| FY 2024-25 | 2.33 | 0.0001% | −62.54% | 0.07% | 3.06 | 0.0001% | −96.41% | 0.27% | −0.73 | #7463 |

- CAGR (7-year): exports 30.12%/yr, imports —/yr (consistently Deficit)

## Key trade insights: HSN Code 72071110 export-import analysis

### Consistent export growth: 30.12% CAGR over 7 years

India's exports under HSN Code 72071110 have grown at a compound annual rate of 30.12% over 7 fiscal years, rising from ₹0.48 Crore in FY 2018-19 to ₹2.33 Crore in FY 2024-25.

### HSN Code 72071110 ranked #7463 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72071110 ranks #7463 out of 12657 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #7 of 15. By trade surplus, it ranks #7805 of 12657.

### FY 2020-21 was the strongest growth year for HSN Code 72071110 exports

The strongest single-year export movement for HSN Code 72071110 was recorded in FY 2020-21, when exports surged by 61,466.67% over the prior year.

### India records a trade deficit of ₹0.73 Crore in HSN Code 72071110 goods

In FY 2024-25, India's imports of ₹3.06 Cr exceeded exports of ₹2.33 Cr, resulting in a trade deficit of ₹0.73 Crore — ranking #7805 of 12657 by surplus magnitude.

### HSN Code 72071110 contributes 0.07% of Sub-Chapter 7207 exports — ranked #7

Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071110 ranks #7 by export value — accounting for 0.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.27% share (rank #7).

## Related HSN Codes in Sub-Chapter 7207

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 72071290: Other Wire Rods](https://busy.in/hsn/hsn-72071290/) | ₹2,142 Cr |
| #2 | [HSN Code 72071920: Bars and Rods of Alloy Hot-Rolled Steel](https://busy.in/hsn/hsn-72071920/) | ₹882 Cr |
| #3 | [HSN Code 72071190: Other Semi-Finished Steel Products](https://busy.in/hsn/hsn-72071190/) | ₹53 Cr |
| #4 | [HSN Code 72071990: Other Hot-Rolled Bars and Rods](https://busy.in/hsn/hsn-72071990/) | ₹48 Cr |
| #5 | [HSN Code 72072090: Other Cold-Rolled Bars and Rods](https://busy.in/hsn/hsn-72072090/) | ₹16 Cr |
| #6 | [HSN Code 72071910: Bars and Rods of Non-Alloy Hot-Rolled Iron](https://busy.in/hsn/hsn-72071910/) | ₹5 Cr |
| #7 | HSN Code 72071110: Semi-Finished Products of Iron or Non-Alloy Steel (this hsn code) | ₹2 Cr |
| #8 | [HSN Code 72071120: Semi-Finished Alloy Steel Products](https://busy.in/hsn/hsn-72071120/) | ₹2 Cr |
| #9 | [HSN Code 72072010: Bars and Rods of Non-Alloy Cold-Rolled Iron](https://busy.in/hsn/hsn-72072010/) | ₹1 Cr |
| #10 | [HSN Code 72072030: Bars and Rods of Stainless Cold-Rolled Steel](https://busy.in/hsn/hsn-72072030/) | < ₹1 Crore |