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HSN Code 72071290: Other Iron or Non-Alloy Steel Slabs, Carbon Below 0.20%
HSN Code 72071290 represents Other Iron or Non-Alloy Steel Slabs, Carbon Below 0.20% under GST classification. This code helps businesses identify Other Iron or Non-Alloy Steel Slabs, Carbon Below 0.20% correctly for billing, taxation, and trade. With HSN Code 72071290, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Iron or Non-Alloy Steel Slabs, Carbon Below 0.20%.
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Description of Goods for HSN Code 72071290
HSN Code 72071290 relates to the following description.
What does HSN Code 72071290 not include?
Other Iron or Non-Alloy 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 : 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 : 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 : 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 : 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 72071290 in FY 2025-26
India’s Exports
FY 2025-26₹2,856 Cr
0.0732% of India’s total exports
India’s Imports
FY 2025-26₹3,221 Cr
0.0470% of India’s total imports
Trade Balance
FY 2025-26−₹364 Cr
Surplus rank #11804 of 12872 HSN codes
% of Sub-Chapter 7207
FY 2025-2665.25%
Share of Sub-Chapter 7207’s total exports in FY 2025-26
Import side: 72.05% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2025-26#1 of 15
Position by export value among HSN codes in Sub-Chapter 7207
Import-side rank: #1 of 15
At a glance
128.85%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#211
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+9,104.03%
Peak Growth Year
FY 2019-20 · strongest single-year move
65.25%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72071290
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−1,076.11
Exports
8.69 ₹ Cr
0.0004% share
— YoY
0.11% of Sub-Ch. 7207
Imports
1,084.80 ₹ Cr
0.0303% share
— YoY
82.36% of Sub-Ch. 7207
Balance
+782.02
Exports
799.83 ₹ Cr
0.0363% share
+9,104.03% YoY
9.51% of Sub-Ch. 7207
Imports
17.81 ₹ Cr
0.0005% share
−98.36% YoY
4.61% of Sub-Ch. 7207
Balance
+839.86
Exports
961.91 ₹ Cr
0.0447% share
+20.26% YoY
4.83% of Sub-Ch. 7207
Imports
122.05 ₹ Cr
0.0042% share
+585.29% YoY
29.35% of Sub-Ch. 7207
Balance
+1,206.61
Exports
1,206.61 ₹ Cr
0.0384% share
+25.44% YoY
5.49% of Sub-Ch. 7207
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7207
Balance
+102.09
Exports
1,267.81 ₹ Cr
0.0350% share
+5.07% YoY
16.73% of Sub-Ch. 7207
Imports
1,165.72 ₹ Cr
0.0203% share
— YoY
71.95% of Sub-Ch. 7207
Balance
+563.86
Exports
1,598.91 ₹ Cr
0.0442% share
+26.12% YoY
40.26% of Sub-Ch. 7207
Imports
1,035.05 ₹ Cr
0.0184% share
−11.21% YoY
51.01% of Sub-Ch. 7207
Balance
+1,883.02
Exports
2,142.07 ₹ Cr
0.0582% share
+33.97% YoY
67.92% of Sub-Ch. 7207
Imports
259.05 ₹ Cr
0.0043% share
−74.97% YoY
23.17% of Sub-Ch. 7207
Balance
−364.44
Exports
2,856.44 ₹ Cr
0.0732% share
+33.35% YoY
65.25% of Sub-Ch. 7207
Imports
3,220.88 ₹ Cr
0.0470% share
+1,143.34% YoY
72.05% of Sub-Ch. 7207
CAGR · 8-Year
Exports
128.85% /yr
Imports
16.82% /yr
reference, FY 2025-26
Export
₹4,377.65 Cr
Import
₹4,470.55 Cr
Trade Balance
−92.90
Key Trade Insights: HSN Code 72071290 Export-Import Analysis
Consistent Export Growth: 128.85% CAGR Over 8 Years
India's exports under HSN Code 72071290 have grown at a compound annual rate of 128.85% over 8 fiscal years, rising from ₹8.69 Crore in FY 2018-19 to ₹2,856.44 Crore in FY 2025-26.
HSN Code 72071290 Ranked #211 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72071290 ranks #211 out of 12872 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #1 of 15. By trade surplus, it ranks #11804 of 12872.
FY 2019-20 Was the Strongest Growth Year for HSN Code 72071290 Exports
The strongest single-year export movement for HSN Code 72071290 was recorded in FY 2019-20, when exports surged by 9,104.03% over the prior year.
India Records a Trade Deficit of ₹364.44 Crore in HSN Code 72071290 Goods
In FY 2025-26, India's imports of ₹3,220.88 Cr exceeded exports of ₹2,856.44 Cr, resulting in a trade deficit of ₹364.44 Crore — ranking #11804 of 12872 by surplus magnitude.
Import Growth of 16.82% CAGR Signals Rising Demand for Other Iron or Non-Alloy Steel Slabs, Carbon Below 0.20%
India's imports under HSN Code 72071290 have grown at 16.82% CAGR, reaching ₹3,220.88 Crore in FY 2025-26.
HSN Code 72071290 Contributes 65.25% of Sub-Chapter 7207 Exports — Ranked #1
Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071290 ranks #1 by export value — accounting for 65.25% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 72.05% share (rank #1).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72071290 and GST compliance.
What products are classified under HSN 72071290 ?
It includes Other Hot-Rolled Bars and Rods
Does packaging or labelling change the GST for Other Iron or Non-Alloy 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.
Any common misclassification issue with Other Iron or Non-Alloy Steel Slabs, 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.
Can we claim ITC on inputs used to trade Other Iron or Non-Alloy 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 Other Iron or Non-Alloy 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 Other Iron or Non-Alloy Steel Slabs, 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 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.