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HSN Code 72071220: Forging-Quality Steel Slabs, Carbon Below 0.20%
HSN Code 72071220 represents Forging-Quality Steel Slabs, Carbon Below 0.20% under GST classification. This code helps businesses identify Forging-Quality Steel Slabs, Carbon Below 0.20% correctly for billing, taxation, and trade. With HSN Code 72071220, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Forging-Quality Steel Slabs, Carbon Below 0.20%.
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Description of Goods for HSN Code 72071220
HSN Code 72071220 relates to the following description.
What does HSN Code 72071220 not include?
Forging-Quality Steel Slabs, Carbon Below 0.20% does not include products with the following descriptions.
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 : 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 : 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 : 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 : 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 72071220 in FY 2025-26
India’s Exports
FY 2025-26< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2025-26Nil
0.0000% of India’s total imports
Trade Balance
FY 2025-26< ₹1 Crore
Surplus rank #5230 of 12872 HSN codes
% of Sub-Chapter 7207
FY 2025-260.00%
Share of Sub-Chapter 7207’s total exports in FY 2025-26
Import side: 0.00% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2025-26#11 of 15
Position by export value among HSN codes in Sub-Chapter 7207
At a glance
−6.49%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#9682
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+721.43%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.00%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72071220
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+0.12
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.01% of Sub-Ch. 7207
Balance
−0.25
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−58.33% YoY
0.00% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+191.67% YoY
0.09% of Sub-Ch. 7207
Balance
−0.26
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+140.00% YoY
0.00% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+42.86% YoY
0.12% of Sub-Ch. 7207
Balance
−1.07
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−41.67% YoY
0.00% of Sub-Ch. 7207
Imports
1.21 ₹ Cr
0.0000% share
+142.00% YoY
1.21% of Sub-Ch. 7207
Balance
−0.40
Exports
1.15 ₹ Cr
0.0000% share
+721.43% YoY
0.02% of Sub-Ch. 7207
Imports
1.55 ₹ Cr
0.0000% share
+28.10% YoY
0.10% of Sub-Ch. 7207
Balance
−0.38
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−98.26% YoY
0.00% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−74.19% YoY
0.02% of Sub-Ch. 7207
Balance
−1.14
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+150.00% YoY
0.00% of Sub-Ch. 7207
Imports
1.19 ₹ Cr
0.0000% share
+197.50% YoY
0.11% of Sub-Ch. 7207
Balance
+0.15
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+200.00% YoY
0.00% of Sub-Ch. 7207
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7207
CAGR · 8-Year
Exports
−6.49% /yr
Imports
—
reference, FY 2025-26
Export
₹4,377.65 Cr
Import
₹4,470.55 Cr
Trade Balance
−92.90
Key Trade Insights: HSN Code 72071220 Export-Import Analysis
Export Decline: −6.49% CAGR Over 8 Years
India's exports under HSN Code 72071220 have declined at a compound annual rate of −6.49% over 8 fiscal years, falling from ₹0.24 Crore in FY 2018-19 to ₹0.15 Crore in FY 2025-26.
HSN Code 72071220 Ranked #9682 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72071220 ranks #9682 out of 12872 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #11 of 15. By trade surplus, it ranks #5230 of 12872.
FY 2022-23 Was the Strongest Growth Year for HSN Code 72071220 Exports
The strongest single-year export movement for HSN Code 72071220 was recorded in FY 2022-23, when exports surged by 721.43% over the prior year.
India Maintains a Trade Surplus of ₹0.15 Crore in HSN Code 72071220 Goods
In FY 2025-26, India's exports of ₹0.15 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.15 Crore — ranking #5230 of 12872 by surplus magnitude.
HSN Code 72071220 Contributes 0.00% of Sub-Chapter 7207 Exports — Ranked #11
Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071220 ranks #11 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.00% share.
Frequently Asked Questions
Clear answers to common queries about HSN Code 72071220 and GST compliance.
What products are classified under HSN 72071220 ?
It includes Bars and Rods of Non-Alloy Hot-Rolled Iron
Does packaging or labelling change the GST for Forging-Quality Steel Slabs, 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.
Do e‑way bill and e‑invoice apply for Forging-Quality Steel Slabs, 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.
How much GST applies to Forging-Quality Steel Slabs, Carbon Below 0.20%?
Under HSN 72071220, Forging-Quality Steel Slabs, Carbon Below 0.20% attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Can we claim ITC on inputs used to trade Forging-Quality Steel Slabs, Carbon Below 0.20%?
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 Forging-Quality Steel Slabs, 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 Forging-Quality Steel Slabs, Carbon Below 0.20%; Nil for exempt items if applicable).