---
title: "HSN Code for Hot-rolled sheets | HSN 72111940 GST Rate"
description: "Find HSN and GST Rates for 72111940 related to Hot-rolled sheets with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72111940/"
---

# HSN Code 72111940: Hot-rolled sheets

- [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 7211: Flat-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7211/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Not further worked than hot-rolled : Other : Sheets | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72111940 ?

It includes Stainless Steel Sheets, Cold-Rolled

### Do e‑way bill and e‑invoice apply for Hot-rolled sheets?

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.

### Does packaging or labelling change the GST for Hot-rolled sheets?

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 Hot-rolled sheets?

Under HSN 72111940, Hot-rolled sheets attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### How should mixed supplies be billed when Hot-rolled sheets is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Hot-rolled sheets; Nil for exempt items if applicable).

### Any common misclassification issue with Hot-rolled sheets?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

## India's trade performance: HSN Code 72111940 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹4 Cr (+67.26% YoY) — 0.0001% of India's total exports
- Imports: ₹22 Cr (+6.99% YoY) — 0.0004% of India's total imports
- Trade balance: −₹18 Cr (Deficit); surplus rank #9493 of 12657 HSN codes
- Share of Sub-Chapter 7211: 1.40% of its exports; import side 5.94%
- Rank within Sub-Chapter 7211: #9 of 32 by export value; import-side #4

### Key metrics

- Export CAGR: 168.30% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #6956 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +1,100.00% in FY 2019-20
- Contribution to Sub-Ch. 7211: 1.40% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72111940

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. 7211 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7211 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.00% | 1.20 | 0.0000% | — | 0.48% | −1.19 | #9921 |
| FY 2019-20 | < ₹1 Crore | 0.0000% | +1,100.00% | 0.04% | < ₹1 Crore | 0.0000% | −93.33% | 0.04% | +0.04 | #9094 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | +591.67% | 0.19% | 11.02 | 0.0004% | +13,675.00% | 5.63% | −10.19 | #7821 |
| FY 2021-22 | 4.29 | 0.0001% | +416.87% | 0.34% | 21.30 | 0.0005% | +93.28% | 8.18% | −17.01 | #6548 |
| FY 2022-23 | 3.31 | 0.0001% | −22.84% | 0.64% | 19.93 | 0.0003% | −6.43% | 5.92% | −16.62 | #6894 |
| FY 2023-24 | 2.23 | 0.0001% | −32.63% | 0.58% | 20.73 | 0.0004% | +4.01% | 5.68% | −18.50 | #7473 |
| FY 2024-25 | 3.73 | 0.0001% | +67.26% | 1.40% | 22.18 | 0.0004% | +6.99% | 5.94% | −18.45 | #6956 |

- CAGR (7-year): exports 168.30%/yr, imports 62.60%/yr (consistently Deficit)

## Key trade insights: HSN Code 72111940 export-import analysis

### Consistent export growth: 168.30% CAGR over 7 years

India's exports under HSN Code 72111940 have grown at a compound annual rate of 168.30% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹3.73 Crore in FY 2024-25.

### HSN Code 72111940 ranked #6956 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72111940 ranks #6956 out of 12657 HSN codes by total export value. Within Sub-Chapter 7211, it ranks #9 of 32. By trade surplus, it ranks #9493 of 12657.

### FY 2019-20 was the strongest growth year for HSN Code 72111940 exports

The strongest single-year export movement for HSN Code 72111940 was recorded in FY 2019-20, when exports surged by 1,100.00% over the prior year.

### India records a trade deficit of ₹18.45 Crore in HSN Code 72111940 goods

In FY 2024-25, India's imports of ₹22.18 Cr exceeded exports of ₹3.73 Cr, resulting in a trade deficit of ₹18.45 Crore — ranking #9493 of 12657 by surplus magnitude.

### Import growth of 62.60% CAGR signals rising demand for Hot-rolled sheets

India's imports under HSN Code 72111940 have grown at 62.60% CAGR, reaching ₹22.18 Crore in FY 2024-25.

### HSN Code 72111940 contributes 1.40% of Sub-Chapter 7211 exports — ranked #9

Among the 32 HSN codes under Sub-Chapter 7211, HSN Code 72111940 ranks #9 by export value — accounting for 1.40% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.94% share (rank #4).

## Related HSN Codes in Sub-Chapter 7211

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 72112950: Hot rolled steel sheets, coated, painted, etc.](https://busy.in/hsn/hsn-72112950/) | ₹120 Cr |
| #2 | [HSN Code 72112990: Cold-rolled other steel](https://busy.in/hsn/hsn-72112990/) | ₹49 Cr |
| #3 | [HSN Code 72112350: Other Cold-Rolled Stainless Steel Flat Products](https://busy.in/hsn/hsn-72112350/) | ₹32 Cr |
| #4 | [HSN Code 72111990: Hot-rolled, other](https://busy.in/hsn/hsn-72111990/) | ₹16 Cr |
| #5 | [HSN Code 72111410: Hot-Rolled Flats (≥4.75mm)](https://busy.in/hsn/hsn-72111410/) | ₹14 Cr |
| #6 | [HSN Code 72111910: Flats, hot-rolled](https://busy.in/hsn/hsn-72111910/) | ₹9 Cr |
| #7 | [HSN Code 72111950: Strip, hot-rolled](https://busy.in/hsn/hsn-72111950/) | ₹6 Cr |
| #8 | [HSN Code 72112390: Other Non-Alloy Stainless Steel Products](https://busy.in/hsn/hsn-72112390/) | ₹5 Cr |
| #9 | HSN Code 72111940: Hot-rolled sheets (this hsn code) | ₹4 Cr |
| #10 | [HSN Code 72112330: Stainless Steel Sheets, Cold-Rolled](https://busy.in/hsn/hsn-72112330/) | ₹4 Cr |