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HSN Code 72071920: Mild Steel Billets, Carbon Below 0.20%
HSN Code 72071920 represents Mild Steel Billets, Carbon Below 0.20% under GST classification. This code helps businesses identify Mild Steel Billets, Carbon Below 0.20% correctly for billing, taxation, and trade. With HSN Code 72071920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Mild Steel Billets, Carbon Below 0.20%.
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Description of Goods for HSN Code 72071920
HSN Code 72071920 relates to the following description.
What does HSN Code 72071920 not include?
Mild Steel Billets, 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, 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 : 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, 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 : 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 72071920 in FY 2025-26
India’s Exports
FY 2025-26₹866 Cr
0.0222% of India’s total exports
India’s Imports
FY 2025-26₹294 Cr
0.0043% of India’s total imports
Trade Balance
FY 2025-26₹572 Cr
Surplus rank #616 of 12872 HSN codes
% of Sub-Chapter 7207
FY 2025-2619.77%
Share of Sub-Chapter 7207’s total exports in FY 2025-26
Import side: 6.57% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2025-26#2 of 15
Position by export value among HSN codes in Sub-Chapter 7207
Import-side rank: #3 of 15
At a glance
−23.59%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#668
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+89.88%
Peak Growth Year
FY 2020-21 · strongest single-year move
19.77%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72071920
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+5,524.42
Exports
5,694.11 ₹ Cr
0.2492% share
— YoY
73.54% of Sub-Ch. 7207
Imports
169.69 ₹ Cr
0.0047% share
— YoY
12.88% of Sub-Ch. 7207
Balance
+5,127.91
Exports
5,418.08 ₹ Cr
0.2461% share
−4.85% YoY
64.41% of Sub-Ch. 7207
Imports
290.17 ₹ Cr
0.0087% share
+71.00% YoY
75.08% of Sub-Ch. 7207
Balance
+10,068.93
Exports
10,287.90 ₹ Cr
0.4783% share
+89.88% YoY
51.70% of Sub-Ch. 7207
Imports
218.97 ₹ Cr
0.0075% share
−24.54% YoY
52.66% of Sub-Ch. 7207
Balance
+11,462.48
Exports
11,501.79 ₹ Cr
0.3665% share
+11.80% YoY
52.36% of Sub-Ch. 7207
Imports
39.31 ₹ Cr
0.0009% share
−82.05% YoY
39.17% of Sub-Ch. 7207
Balance
+4,355.39
Exports
4,740.03 ₹ Cr
0.1309% share
−58.79% YoY
62.54% of Sub-Ch. 7207
Imports
384.64 ₹ Cr
0.0067% share
+878.48% YoY
23.74% of Sub-Ch. 7207
Balance
+1,369.48
Exports
1,975.73 ₹ Cr
0.0546% share
−58.32% YoY
49.75% of Sub-Ch. 7207
Imports
606.25 ₹ Cr
0.0108% share
+57.61% YoY
29.88% of Sub-Ch. 7207
Balance
+364.07
Exports
882.41 ₹ Cr
0.0240% share
−55.34% YoY
27.98% of Sub-Ch. 7207
Imports
518.34 ₹ Cr
0.0085% share
−14.50% YoY
46.36% of Sub-Ch. 7207
Balance
+572.08
Exports
865.62 ₹ Cr
0.0222% share
−1.90% YoY
19.77% of Sub-Ch. 7207
Imports
293.54 ₹ Cr
0.0043% share
−43.37% YoY
6.57% of Sub-Ch. 7207
CAGR · 8-Year
Exports
−23.59% /yr
Imports
8.14% /yr
reference, FY 2025-26
Export
₹4,377.65 Cr
Import
₹4,470.55 Cr
Trade Balance
−92.90
Key Trade Insights: HSN Code 72071920 Export-Import Analysis
Export Decline: −23.59% CAGR Over 8 Years
India's exports under HSN Code 72071920 have declined at a compound annual rate of −23.59% over 8 fiscal years, falling from ₹5,694.11 Crore in FY 2018-19 to ₹865.62 Crore in FY 2025-26.
HSN Code 72071920 Ranked #668 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72071920 ranks #668 out of 12872 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #2 of 15. By trade surplus, it ranks #616 of 12872.
FY 2020-21 Was the Strongest Growth Year for HSN Code 72071920 Exports
The strongest single-year export movement for HSN Code 72071920 was recorded in FY 2020-21, when exports surged by 89.88% over the prior year.
India Maintains a Trade Surplus of ₹572.08 Crore in HSN Code 72071920 Goods
In FY 2025-26, India's exports of ₹865.62 Cr exceeded imports of ₹293.54 Cr, resulting in a trade surplus of ₹572.08 Crore — ranking #616 of 12872 by surplus magnitude.
Import Growth of 8.14% CAGR Signals Stable Import Dependency for Mild Steel Billets, Carbon Below 0.20%
India's imports under HSN Code 72071920 have grown at 8.14% CAGR, reaching ₹293.54 Crore in FY 2025-26.
HSN Code 72071920 Contributes 19.77% of Sub-Chapter 7207 Exports — Ranked #2
Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071920 ranks #2 by export value — accounting for 19.77% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 6.57% share (rank #3).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72071920 and GST compliance.
What products are classified under HSN 72071920 ?
It includes Bars and Rods of Alloy Cold-Rolled Steel
Do e‑way bill and e‑invoice apply for Mild 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.
Any common misclassification issue with Mild 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.
How should mixed supplies be billed when Mild 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 Mild Steel Billets, Carbon Below 0.20%; Nil for exempt items if applicable).
Does packaging or labelling change the GST for Mild 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.
How much GST applies to Mild Steel Billets, Carbon Below 0.20%?
Under HSN 72071920, Mild Steel Billets, Carbon Below 0.20% attracts Varies when sold in taxable form. Describe the exact form on the invoice.