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%
HSN Code 72071190: Other Semi-Finished Steel Products
HSN Code 72071190 represents Other Semi-Finished Steel Products under GST classification. This code helps businesses identify Other Semi-Finished Steel Products 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 Semi-Finished Steel Products.
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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 Semi-Finished Steel Products 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
India’s Trade Performance — HSN Code 72071190 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₹53 Cr
−82.99%
vs FY 2023-24
0.0014% of India’s total exports
India’s Imports
FY 2024-25₹218 Cr
−3.99%
vs FY 2023-24
0.0036% of India’s total imports
Trade Balance
FY 2024-25−₹165 Cr
Trade Deficit
Surplus rank #11178 of 12657 HSN codes
% of Sub-Chapter 7207
FY 2024-251.68%
Share of Sub-Chapter 7207’s total exports in FY 2024-25
Import side: 19.52% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2024-25#3 of 15
Position by export value among HSN codes in Sub-Chapter 7207
Import-side rank: #3 of 15
At a glance
−42.68%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3545
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+236.67%
Peak Growth Year
FY 2020-21 · strongest single-year move
1.68%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 72071190
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 #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
CAGR · 7-Year
Exports
−42.68% /yr
Imports
65.52% /yr
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 72071190 Export-Import Analysis
Export Decline: −42.68% CAGR Over 7 Years
India's exports under HSN Code 72071190 have declined at a compound annual rate of −42.68% over 7 fiscal years, falling from ₹1,492.29 Crore in FY 2018-19 to ₹52.93 Crore in FY 2024-25.
HSN Code 72071190 Ranked #3545 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 72071190 ranks #3545 out of 12657 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #3 of 15. By trade surplus, it ranks #11178 of 12657.
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 ₹165.26 Crore in HSN Code 72071190 Goods
In FY 2024-25, India's imports of ₹218.19 Cr exceeded exports of ₹52.93 Cr, resulting in a trade deficit of ₹165.26 Crore — ranking #11178 of 12657 by surplus magnitude.
Import Growth of 65.52% CAGR Signals Rising Demand for Other Semi-Finished Steel Products
India's imports under HSN Code 72071190 have grown at 65.52% CAGR, reaching ₹218.19 Crore in FY 2024-25.
HSN Code 72071190 Contributes 1.68% of Sub-Chapter 7207 Exports — Ranked #3
Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071190 ranks #3 by export value — accounting for 1.68% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 19.52% share (rank #3).
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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 Semi-Finished Steel Products?
Under HSN 72071190, Other Semi-Finished Steel Products attracts Varies when sold in taxable form. Describe the exact form on the invoice.
How should mixed supplies be billed when Other Semi-Finished Steel Products is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Semi-Finished Steel Products; Nil for exempt items if applicable).
Do e‑way bill and e‑invoice apply for Other Semi-Finished Steel Products?
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 Semi-Finished Steel Products?
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 Semi-Finished Steel Products?
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.