Description of Goods
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Electrical quality
CGST
9%
SGST
9%
IGST
18%
CESS
0%
HSN Code 72071110: Semi-Finished Products of Iron or Non-Alloy Steel
HSN Code 72071110 represents Semi-Finished Products of Iron or Non-Alloy Steel under GST classification. This code helps businesses identify Semi-Finished Products of Iron or Non-Alloy Steel correctly for billing, taxation, and trade. With HSN Code 72071110, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Semi-Finished Products of Iron or Non-Alloy Steel.
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Description of Goods for HSN Code 72071110
HSN Code 72071110 relates to the following description.
Chapter
Chapter Name
Sub Chapter
Sub Chapter Name
Description
CGST
SGST
IGST
CESS
What does HSN Code 72071110 not include?
Semi-Finished Products of Iron or Non-Alloy Steel does not include products with the following descriptions.
HSN Code
Description
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Forging quality
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Seamless steel tube quality
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Other
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Electrical quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Forging quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Seamless steel tube quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Other
Containing by weight less than 0.20% of carbon : Other : Forged blanks of non-alloy steel
Containing by weight less than 0.20% of carbon : Other : Mild steel billets
Containing by weight less than 0.20% of carbon : Other : Other
Containing by weight 0.20% or more of carbon : Forging quality
Containing by weight 0.20% or more of carbon : Spring steel quality
Containing by weight 0.20% or more of carbon : Seamless steel tube quality
Containing by weight 0.20% or more of carbon : Other
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Forging quality
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Seamless steel tube quality
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Other
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Electrical quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Forging quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Seamless steel tube quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Other
Containing by weight less than 0.20% of carbon : Other : Forged blanks of non-alloy steel
Containing by weight less than 0.20% of carbon : Other : Mild steel billets
Containing by weight less than 0.20% of carbon : Other : Other
Containing by weight 0.20% or more of carbon : Forging quality
Containing by weight 0.20% or more of carbon : Spring steel quality
Containing by weight 0.20% or more of carbon : Seamless steel tube quality
Containing by weight 0.20% or more of carbon : Other
India’s Trade Performance — HSN Code 72071110 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₹2 Cr
−62.54%
vs FY 2023-24
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹3 Cr
−96.41%
vs FY 2023-24
0.0001% of India’s total imports
Trade Balance
FY 2024-25−< ₹1 Crore
Trade Deficit
Surplus rank #7805 of 12657 HSN codes
% of Sub-Chapter 7207
FY 2024-250.07%
Share of Sub-Chapter 7207’s total exports in FY 2024-25
Import side: 0.27% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2024-25#7 of 15
Position by export value among HSN codes in Sub-Chapter 7207
Import-side rank: #7 of 15
At a glance
30.12%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7463
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+61,466.67%
Peak Growth Year
FY 2020-21 · strongest single-year move
0.07%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2024-25
India Export-Import Trade Statistics for 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 2018-19
Exp. Rank #8208
Balance
+0.48
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.01% of Sub-Ch. 7207
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7207
FY 2019-20
Exp. Rank #9220
Balance
−0.31
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−81.25% YoY
0.00% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.10% of Sub-Ch. 7207
FY 2020-21
Exp. Rank #2784
Balance
+55.37
Exports
55.41 ₹ Cr
0.0026% share
+61,466.67% YoY
0.28% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−90.00% YoY
0.01% of Sub-Ch. 7207
FY 2021-22
Exp. Rank #3320
Balance
+51.02
Exports
51.60 ₹ Cr
0.0016% share
−6.88% YoY
0.23% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+1,350.00% YoY
0.58% of Sub-Ch. 7207
FY 2022-23
Exp. Rank #7905
Balance
+1.24
Exports
1.24 ₹ Cr
0.0000% share
−97.60% YoY
0.02% of Sub-Ch. 7207
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7207
FY 2023-24
Exp. Rank #6311
Balance
−79.01
Exports
6.22 ₹ Cr
0.0002% share
+401.61% YoY
0.16% of Sub-Ch. 7207
Imports
85.23 ₹ Cr
0.0015% share
— YoY
4.20% of Sub-Ch. 7207
FY 2024-25
Exp. Rank #7463
Balance
−0.73
Exports
2.33 ₹ Cr
0.0001% share
−62.54% YoY
0.07% of Sub-Ch. 7207
Imports
3.06 ₹ Cr
0.0001% share
−96.41% YoY
0.27% of Sub-Ch. 7207
CAGR · 7-Year
Exports
30.12% /yr
Imports
—
Consistently Deficit
Sub-Chapter 7207 total
reference, FY 2024-25
Export
₹3,153.62 Cr
Import
₹1,117.98 Cr
Trade Balance
+2,035.64
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72071110 and GST compliance.
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.
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.