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 : Other
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Find GST Rates & HSN
HSN Code 72071190: Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20%
HSN Code 72071190 represents Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20% under GST classification. This code helps businesses identify Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20% correctly for billing, taxation, and trade. With HSN Code 72071190, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20%.
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Description of Goods for HSN Code 72071190
HSN Code 72071190 relates to the following description.
Chapter
Chapter Name
Sub Chapter
Sub Chapter Name
Description
CGST
SGST
IGST
CESS
What does HSN Code 72071190 not include?
Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20% 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 : Electrical quality
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 : 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 : Electrical quality
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 : 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
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India’s Trade Performance — HSN Code 72071190 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₹115 Cr
+116.49%
vs FY 2024-25
0.0029% of India’s total exports
India’s Imports
FY 2025-26₹868 Cr
+297.76%
vs FY 2024-25
0.0127% of India’s total imports
Trade Balance
FY 2025-26−₹753 Cr
Trade Deficit
Surplus rank #12200 of 12872 HSN codes
% of Sub-Chapter 7207
FY 2025-262.62%
Share of Sub-Chapter 7207’s total exports in FY 2025-26
Import side: 19.41% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2025-26#4 of 15
Position by export value among HSN codes in Sub-Chapter 7207
Import-side rank: #2 of 15
At a glance
−30.70%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#2636
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+236.67%
Peak Growth Year
FY 2020-21 · strongest single-year move
2.62%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72071190
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 #220
Balance
+1,481.68
Exports
1,492.29 ₹ Cr
0.0653% share
— YoY
19.27% of Sub-Ch. 7207
Imports
10.61 ₹ Cr
0.0003% share
— YoY
0.81% of Sub-Ch. 7207
FY 2019-20
Exp. Rank #174
Balance
+1,814.86
Exports
1,842.11 ₹ Cr
0.0837% share
+23.44% YoY
21.90% of Sub-Ch. 7207
Imports
27.25 ₹ Cr
0.0008% share
+156.83% YoY
7.05% of Sub-Ch. 7207
FY 2020-21
Exp. Rank #44
Balance
+6,189.31
Exports
6,201.80 ₹ Cr
0.2883% share
+236.67% YoY
31.17% of Sub-Ch. 7207
Imports
12.49 ₹ Cr
0.0004% share
−54.17% YoY
3.00% of Sub-Ch. 7207
FY 2021-22
Exp. Rank #65
Balance
+6,277.65
Exports
6,294.23 ₹ Cr
0.2006% share
+1.49% YoY
28.65% of Sub-Ch. 7207
Imports
16.58 ₹ Cr
0.0004% share
+32.75% YoY
16.52% of Sub-Ch. 7207
FY 2022-23
Exp. Rank #649
Balance
+733.52
Exports
747.32 ₹ Cr
0.0206% share
−88.13% YoY
9.86% of Sub-Ch. 7207
Imports
13.80 ₹ Cr
0.0002% share
−16.77% YoY
0.85% of Sub-Ch. 7207
FY 2023-24
Exp. Rank #1358
Balance
+83.83
Exports
311.08 ₹ Cr
0.0086% share
−58.37% YoY
7.83% of Sub-Ch. 7207
Imports
227.25 ₹ Cr
0.0040% share
+1,546.74% YoY
11.20% of Sub-Ch. 7207
FY 2024-25
Exp. Rank #3545
Balance
−165.26
Exports
52.93 ₹ Cr
0.0014% share
−82.99% YoY
1.68% of Sub-Ch. 7207
Imports
218.19 ₹ Cr
0.0036% share
−3.99% YoY
19.52% of Sub-Ch. 7207
FY 2025-26
Exp. Rank #2636
Balance
−753.29
Exports
114.59 ₹ Cr
0.0029% share
+116.49% YoY
2.62% of Sub-Ch. 7207
Imports
867.88 ₹ Cr
0.0127% share
+297.76% YoY
19.41% of Sub-Ch. 7207
CAGR · 8-Year
Exports
−30.70% /yr
Imports
87.61% /yr
Consistently Deficit
Sub-Chapter 7207 total
reference, FY 2025-26
Export
₹4,377.65 Cr
Import
₹4,470.55 Cr
Trade Balance
−92.90
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Code 72071190 Export-Import Analysis
Export Decline: −30.70% CAGR Over 8 Years
India's exports under HSN Code 72071190 have declined at a compound annual rate of −30.70% over 8 fiscal years, falling from ₹1,492.29 Crore in FY 2018-19 to ₹114.59 Crore in FY 2025-26.
HSN Code 72071190 Ranked #2636 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72071190 ranks #2636 out of 12872 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #4 of 15. By trade surplus, it ranks #12200 of 12872.
FY 2020-21 Was the Strongest Growth Year for HSN Code 72071190 Exports
The strongest single-year export movement for HSN Code 72071190 was recorded in FY 2020-21, when exports surged by 236.67% over the prior year.
India Records a Trade Deficit of ₹753.29 Crore in HSN Code 72071190 Goods
In FY 2025-26, India's imports of ₹867.88 Cr exceeded exports of ₹114.59 Cr, resulting in a trade deficit of ₹753.29 Crore — ranking #12200 of 12872 by surplus magnitude.
Import Growth of 87.61% CAGR Signals Rising Demand for Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20%
India's imports under HSN Code 72071190 have grown at 87.61% CAGR, reaching ₹867.88 Crore in FY 2025-26.
HSN Code 72071190 Contributes 2.62% of Sub-Chapter 7207 Exports — Ranked #4
Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071190 ranks #4 by export value — accounting for 2.62% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 19.41% share (rank #2).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72071190 and GST compliance.
What products are classified under HSN 72071190 ?
It includes Other Wire Rods of Stainless Steel
How much GST applies to Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20%?
Under HSN 72071190, Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20% attracts Varies when sold in taxable form. Describe the exact form on the invoice.
How should mixed supplies be billed when Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20% 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 Billets, Carbon Below 0.20%; Nil for exempt items if applicable).
Do e‑way bill and e‑invoice apply for Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20%?
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 Billets, Carbon Below 0.20%?
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.
Any common misclassification issue with Other Iron or Non-Alloy Steel Billets, Carbon Below 0.20%?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.