--- title: "HSN Code for Hot-Rolled Strip (<3mm, Coils) | HSN 72083940 GST Rate" description: "Find HSN and GST Rates for 72083940 related to Hot-Rolled Strip (<3mm, Coils) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72083940/" --- # HSN Code 72083940: Hot-Rolled Strip (<3mm, Coils) - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/) - [Sub-chapter 7208: Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other, in coils, not further worked than hot-rolled: Of a thickness of less than 3 mm : Strip | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72083940 ? It includes Hot-Rolled Universal Plates (Relief Patterns) ### Does packaging or labelling change the GST for Hot-Rolled Strip (<3mm, Coils)? 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 Hot-Rolled Strip (<3mm, Coils)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Hot-Rolled Strip (<3mm, Coils)? Under HSN 72083940, Hot-Rolled Strip (<3mm, Coils) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Hot-Rolled Strip (<3mm, Coils)? 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. ### Can we claim ITC on inputs used to trade Hot-Rolled Strip (<3mm, Coils)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 72083940 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹713 Cr (−77.16% YoY) — 0.0194% of India's total exports - Imports: ₹4,106 Cr (+67.95% YoY) — 0.0676% of India's total imports - Trade balance: −₹3,393 Cr (Deficit); surplus rank #12507 of 12657 HSN codes - Share of Sub-Chapter 7208: 10.31% of its exports; import side 18.46% - Rank within Sub-Chapter 7208: #3 of 62 by export value; import-side #2 ### Key metrics - Export CAGR: -24.31% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #723 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +55.72% in FY 2020-21 - Contribution to Sub-Ch. 7208: 10.31% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72083940 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7208 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7208 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 3,790.24 | 0.1659% | — | 27.02% | 786.14 | 0.0219% | — | 7.22% | +3,004.10 | #81 | | FY 2019-20 | 5,191.24 | 0.2358% | +36.96% | 30.38% | 537.08 | 0.0160% | −31.68% | 6.25% | +4,654.16 | #49 | | FY 2020-21 | 8,083.97 | 0.3759% | +55.72% | 32.29% | 426.77 | 0.0146% | −20.54% | 7.57% | +7,657.20 | #33 | | FY 2021-22 | 9,471.86 | 0.3018% | +17.17% | 22.08% | 645.64 | 0.0141% | +51.29% | 9.20% | +8,826.22 | #41 | | FY 2022-23 | 2,343.09 | 0.0647% | −75.26% | 14.76% | 1,434.76 | 0.0250% | +122.22% | 12.89% | +908.33 | #208 | | FY 2023-24 | 3,120.43 | 0.0862% | +33.18% | 16.59% | 2,444.71 | 0.0435% | +70.39% | 11.87% | +675.72 | #163 | | FY 2024-25 | 712.75 | 0.0194% | −77.16% | 10.31% | 4,105.94 | 0.0676% | +67.95% | 18.46% | −3,393.19 | #723 | - CAGR (7-year): exports -24.31%/yr, imports 31.72%/yr (consistently Deficit) ## Key trade insights: HSN Code 72083940 export-import analysis ### Export decline: -24.31% CAGR over 7 years India's exports under HSN Code 72083940 have declined at a compound annual rate of -24.31% over 7 fiscal years, falling from ₹3,790.24 Crore in FY 2018-19 to ₹712.75 Crore in FY 2024-25. ### HSN Code 72083940 ranked #723 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72083940 ranks #723 out of 12657 HSN codes by total export value. Within Sub-Chapter 7208, it ranks #3 of 62. By trade surplus, it ranks #12507 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 72083940 exports The strongest single-year export movement for HSN Code 72083940 was recorded in FY 2020-21, when exports surged by 55.72% over the prior year. ### India records a trade deficit of ₹3,393.19 Crore in HSN Code 72083940 goods In FY 2024-25, India's imports of ₹4,105.94 Cr exceeded exports of ₹712.75 Cr, resulting in a trade deficit of ₹3,393.19 Crore — ranking #12507 of 12657 by surplus magnitude. ### Import growth of 31.72% CAGR signals rising demand for Hot-Rolled Strip (<3mm, Coils) India's imports under HSN Code 72083940 have grown at 31.72% CAGR, reaching ₹4,105.94 Crore in FY 2024-25. ### HSN Code 72083940 contributes 10.31% of Sub-Chapter 7208 exports — ranked #3 Among the 62 HSN codes under Sub-Chapter 7208, HSN Code 72083940 ranks #3 by export value — accounting for 10.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 18.46% share (rank #2). ## Related HSN Codes in Sub-Chapter 7208 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72085120: Alloy Steel Flat-Rolled Products Over 600 mm Wide](https://busy.in/hsn/hsn-72085120/) | ₹1,488 Cr | | #2 | [HSN Code 72083930: Hot-Rolled Sheets (<3mm, Coils)](https://busy.in/hsn/hsn-72083930/) | ₹1,175 Cr | | #3 | HSN Code 72083940: Hot-Rolled Strip (<3mm, Coils) (this hsn code) | ₹713 Cr | | #4 | [HSN Code 72083990: Other Hot-Rolled Coils (<3mm)](https://busy.in/hsn/hsn-72083990/) | ₹614 Cr | | #5 | [HSN Code 72083840: Hot-Rolled Steel Strips (3 mm – 4.75 mm)](https://busy.in/hsn/hsn-72083840/) | ₹525 Cr | | #6 | [HSN Code 72085110: Hot-Rolled Plates (>10mm)](https://busy.in/hsn/hsn-72085110/) | ₹466 Cr | | #7 | [HSN Code 72083740: Hot-Rolled Steel Strips (4.75 mm – 10 mm)](https://busy.in/hsn/hsn-72083740/) | ₹375 Cr | | #8 | [HSN Code 72083830: Hot-Rolled Steel Sheets (3 mm – 4.75 mm)](https://busy.in/hsn/hsn-72083830/) | ₹272 Cr | | #9 | [HSN Code 72083790: Hot-Rolled Steel (>4.75mm, ≤10mm)](https://busy.in/hsn/hsn-72083790/) | ₹170 Cr | | #10 | [HSN Code 72083730: Hot-Rolled Steel Sheets (4.75 mm – 10 mm)](https://busy.in/hsn/hsn-72083730/) | ₹150 Cr |