---
title: "HSN Code for Strip, hot-rolled | HSN 72111950 GST Rate"
description: "Find HSN and GST Rates for 72111950 related to Strip, hot-rolled with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72111950/"
---

# HSN Code 72111950: Strip, hot-rolled

- [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 : Strip | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72111950 ?

It includes Men's and Boys' Shirts Woven from Synthetic Fibres

### Can we claim ITC on inputs used to trade Strip, hot-rolled?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Do e‑way bill and e‑invoice apply for Strip, hot-rolled?

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 Strip, hot-rolled?

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 Strip, hot-rolled?

Under HSN 72111950, Strip, hot-rolled attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for Strip, hot-rolled?

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 should mixed supplies be billed when Strip, hot-rolled is sold with other items?

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

## India's trade performance: HSN Code 72111950 (FY 2024-25)

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

- Exports: ₹6 Cr (−90.91% YoY) — 0.0002% of India's total exports
- Imports: ₹15 Cr (−35.03% YoY) — 0.0002% of India's total imports
- Trade balance: −₹9 Cr (Deficit); surplus rank #8994 of 12657 HSN codes
- Share of Sub-Chapter 7211: 2.22% of its exports; import side 3.97%
- Rank within Sub-Chapter 7211: #7 of 32 by export value; import-side #6

### Key metrics

- Export CAGR: -28.98% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #6421 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +292.42% in FY 2021-22
- Contribution to Sub-Ch. 7211: 2.22% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72111950

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 | 45.99 | 0.0020% | — | 14.72% | < ₹1 Crore | 0.0000% | — | 0.02% | +45.93 | #2977 |
| FY 2019-20 | 82.32 | 0.0037% | +79.00% | 26.10% | < ₹1 Crore | 0.0000% | +233.33% | 0.11% | +82.12 | #2240 |
| FY 2020-21 | 222.99 | 0.0104% | +170.88% | 51.92% | < ₹1 Crore | 0.0000% | +5.00% | 0.11% | +222.78 | #1255 |
| FY 2021-22 | 875.06 | 0.0279% | +292.42% | 70.30% | 1.05 | 0.0000% | +400.00% | 0.40% | +874.01 | #517 |
| FY 2022-23 | 139.60 | 0.0039% | −84.05% | 26.90% | < ₹1 Crore | 0.0000% | −99.05% | 0.00% | +139.59 | #2138 |
| FY 2023-24 | 64.92 | 0.0018% | −53.50% | 16.86% | 22.81 | 0.0004% | +2,28,000.00% | 6.25% | +42.11 | #3172 |
| FY 2024-25 | 5.90 | 0.0002% | −90.91% | 2.22% | 14.82 | 0.0002% | −35.03% | 3.97% | −8.92 | #6421 |

- CAGR (7-year): exports -28.98%/yr, imports 150.49%/yr (consistently Deficit)

## Key trade insights: HSN Code 72111950 export-import analysis

### Export decline: -28.98% CAGR over 7 years

India's exports under HSN Code 72111950 have declined at a compound annual rate of -28.98% over 7 fiscal years, falling from ₹45.99 Crore in FY 2018-19 to ₹5.90 Crore in FY 2024-25.

### HSN Code 72111950 ranked #6421 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72111950 ranks #6421 out of 12657 HSN codes by total export value. Within Sub-Chapter 7211, it ranks #7 of 32. By trade surplus, it ranks #8994 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 72111950 exports

The strongest single-year export movement for HSN Code 72111950 was recorded in FY 2021-22, when exports surged by 292.42% over the prior year.

### India records a trade deficit of ₹8.92 Crore in HSN Code 72111950 goods

In FY 2024-25, India's imports of ₹14.82 Cr exceeded exports of ₹5.90 Cr, resulting in a trade deficit of ₹8.92 Crore — ranking #8994 of 12657 by surplus magnitude.

### Import growth of 150.49% CAGR signals rising demand for Strip, hot-rolled

India's imports under HSN Code 72111950 have grown at 150.49% CAGR, reaching ₹14.82 Crore in FY 2024-25.

### HSN Code 72111950 contributes 2.22% of Sub-Chapter 7211 exports — ranked #7

Among the 32 HSN codes under Sub-Chapter 7211, HSN Code 72111950 ranks #7 by export value — accounting for 2.22% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.97% share (rank #6).

## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-72111940/) | ₹4 Cr |
| #10 | [HSN Code 72112330: Stainless Steel Sheets, Cold-Rolled](https://busy.in/hsn/hsn-72112330/) | ₹4 Cr |