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HSN Code 72071990: Other Semi-Finished Iron or Non-Alloy Steel Products, Carbon Below 0.20%
HSN Code 72071990 represents Other Semi-Finished Iron or Non-Alloy Steel Products, Carbon Below 0.20% under GST classification. This code helps businesses identify Other Semi-Finished Iron or Non-Alloy Steel Products, Carbon Below 0.20% correctly for billing, taxation, and trade. With HSN Code 72071990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Semi-Finished Iron or Non-Alloy Steel Products, Carbon Below 0.20%.
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Description of Goods for HSN Code 72071990
HSN Code 72071990 relates to the following description.
What does HSN Code 72071990 not include?
Other Semi-Finished Iron or Non-Alloy Steel Products, 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 : Mild steel billets
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 : Mild steel billets
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 72071990 in FY 2025-26
India’s Exports
FY 2025-26₹489 Cr
0.0125% of India’s total exports
India’s Imports
FY 2025-26₹18 Cr
0.0003% of India’s total imports
Trade Balance
FY 2025-26₹471 Cr
Surplus rank #711 of 12872 HSN codes
% of Sub-Chapter 7207
FY 2025-2611.17%
Share of Sub-Chapter 7207’s total exports in FY 2025-26
Import side: 0.40% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2025-26#3 of 15
Position by export value among HSN codes in Sub-Chapter 7207
Import-side rank: #5 of 15
At a glance
−0.80%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#1116
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+917.01%
Peak Growth Year
FY 2025-26 · strongest single-year move
11.17%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72071990
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+508.07
Exports
517.55 ₹ Cr
0.0227% share
— YoY
6.68% of Sub-Ch. 7207
Imports
9.48 ₹ Cr
0.0003% share
— YoY
0.72% of Sub-Ch. 7207
Balance
+330.78
Exports
334.38 ₹ Cr
0.0152% share
−35.39% YoY
3.98% of Sub-Ch. 7207
Imports
3.60 ₹ Cr
0.0001% share
−62.03% YoY
0.93% of Sub-Ch. 7207
Balance
+2,183.23
Exports
2,219.82 ₹ Cr
0.1032% share
+563.86% YoY
11.16% of Sub-Ch. 7207
Imports
36.59 ₹ Cr
0.0013% share
+916.39% YoY
8.80% of Sub-Ch. 7207
Balance
+2,575.49
Exports
2,579.60 ₹ Cr
0.0822% share
+16.21% YoY
11.74% of Sub-Ch. 7207
Imports
4.11 ₹ Cr
0.0001% share
−88.77% YoY
4.09% of Sub-Ch. 7207
Balance
+772.79
Exports
789.46 ₹ Cr
0.0218% share
−69.40% YoY
10.42% of Sub-Ch. 7207
Imports
16.67 ₹ Cr
0.0003% share
+305.60% YoY
1.03% of Sub-Ch. 7207
Balance
−11.11
Exports
13.39 ₹ Cr
0.0004% share
−98.30% YoY
0.34% of Sub-Ch. 7207
Imports
24.50 ₹ Cr
0.0004% share
+46.97% YoY
1.21% of Sub-Ch. 7207
Balance
−1.51
Exports
48.10 ₹ Cr
0.0013% share
+259.22% YoY
1.53% of Sub-Ch. 7207
Imports
49.61 ₹ Cr
0.0008% share
+102.49% YoY
4.44% of Sub-Ch. 7207
Balance
+471.48
Exports
489.18 ₹ Cr
0.0125% share
+917.01% YoY
11.17% of Sub-Ch. 7207
Imports
17.70 ₹ Cr
0.0003% share
−64.32% YoY
0.40% of Sub-Ch. 7207
CAGR · 8-Year
Exports
−0.80% /yr
Imports
9.33% /yr
reference, FY 2025-26
Export
₹4,377.65 Cr
Import
₹4,470.55 Cr
Trade Balance
−92.90
Key Trade Insights: HSN Code 72071990 Export-Import Analysis
Export Decline: −0.80% CAGR Over 8 Years
India's exports under HSN Code 72071990 have declined at a compound annual rate of −0.80% over 8 fiscal years, falling from ₹517.55 Crore in FY 2018-19 to ₹489.18 Crore in FY 2025-26.
HSN Code 72071990 Ranked #1116 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72071990 ranks #1116 out of 12872 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #3 of 15. By trade surplus, it ranks #711 of 12872.
FY 2025-26 Was the Strongest Growth Year for HSN Code 72071990 Exports
The strongest single-year export movement for HSN Code 72071990 was recorded in FY 2025-26, when exports surged by 917.01% over the prior year.
India Maintains a Trade Surplus of ₹471.48 Crore in HSN Code 72071990 Goods
In FY 2025-26, India's exports of ₹489.18 Cr exceeded imports of ₹17.70 Cr, resulting in a trade surplus of ₹471.48 Crore — ranking #711 of 12872 by surplus magnitude.
Import Growth of 9.33% CAGR Signals Stable Import Dependency for Other Semi-Finished Iron or Non-Alloy Steel Products, Carbon Below 0.20%
India's imports under HSN Code 72071990 have grown at 9.33% CAGR, reaching ₹17.70 Crore in FY 2025-26.
HSN Code 72071990 Contributes 11.17% of Sub-Chapter 7207 Exports — Ranked #3
Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071990 ranks #3 by export value — accounting for 11.17% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.40% share (rank #5).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72071990 and GST compliance.
What products are classified under HSN 72071990 ?
It includes Bars and Rods of Stainless Cold-Rolled Steel
Any common misclassification issue with Other Semi-Finished Iron or Non-Alloy Steel Products, 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 Other Semi-Finished Iron or Non-Alloy Steel Products, 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 Semi-Finished Iron or Non-Alloy Steel Products, Carbon Below 0.20%; Nil for exempt items if applicable).
Can we claim ITC on inputs used to trade Other Semi-Finished Iron or Non-Alloy Steel Products, 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.
Does packaging or labelling change the GST for Other Semi-Finished Iron or Non-Alloy Steel Products, 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 Other Semi-Finished Iron or Non-Alloy Steel Products, Carbon Below 0.20%?
Under HSN 72071990, Other Semi-Finished Iron or Non-Alloy Steel Products, Carbon Below 0.20% attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Do e‑way bill and e‑invoice apply for Other Semi-Finished Iron or Non-Alloy Steel Products, 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.