--- title: "HSN Code for Skelp, hot-rolled | HSN 72111960 GST Rate" description: "Find HSN and GST Rates for 72111960 related to Skelp, hot-rolled with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72111960/" --- # HSN Code 72111960: Skelp, 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 : Skelp | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72111960 ? It includes Uncombed Cotton Yarn (>=714.29 dtex, Other) ### How much GST applies to Skelp, hot-rolled? Under HSN 72111960, Skelp, hot-rolled attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Skelp, 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. ### Can we claim ITC on inputs used to trade Skelp, 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. ### How should mixed supplies be billed when Skelp, hot-rolled is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Skelp, hot-rolled; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Skelp, 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. ## India's trade performance: HSN Code 72111960 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (+125.49% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #4819 of 12657 HSN codes - Share of Sub-Chapter 7211: 0.43% of its exports; import side 0.18% - Rank within Sub-Chapter 7211: #13 of 32 by export value; import-side #15 ### Key metrics - National export rank: #8131 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +5,000.00% in FY 2023-24 - Contribution to Sub-Ch. 7211: 0.43% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72111960 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 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2021-22 | < ₹1 Crore | 0.0000% | — | 0.01% | Nil | 0.0000% | — | 0.00% | +0.10 | #9543 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −90.00% | 0.00% | Nil | 0.0000% | — | 0.00% | +0.01 | #10292 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +5,000.00% | 0.13% | Nil | 0.0000% | — | 0.00% | +0.51 | #8784 | | FY 2024-25 | 1.15 | 0.0000% | +125.49% | 0.43% | < ₹1 Crore | 0.0000% | — | 0.18% | +0.48 | #8131 | ## Key trade insights: HSN Code 72111960 export-import analysis ### Export snapshot for HSN Code 72111960 India exported ₹1.15 Crore worth of Skelp, hot-rolled in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 72111960 ranked #8131 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72111960 ranks #8131 out of 12657 HSN codes by total export value. Within Sub-Chapter 7211, it ranks #13 of 32. By trade surplus, it ranks #4819 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 72111960 exports The strongest single-year export movement for HSN Code 72111960 was recorded in FY 2023-24, when exports surged by 5,000.00% over the prior year. ### India maintains a trade surplus of ₹0.48 Crore in HSN Code 72111960 goods In FY 2024-25, India's exports of ₹1.15 Cr exceeded imports of ₹0.67 Cr, resulting in a trade surplus of ₹0.48 Crore — ranking #4819 of 12657 by surplus magnitude. ### HSN Code 72111960 contributes 0.43% of Sub-Chapter 7211 exports — ranked #13 Among the 32 HSN codes under Sub-Chapter 7211, HSN Code 72111960 ranks #13 by export value — accounting for 0.43% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.18% share (rank #15). ## 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](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 | | #13 | HSN Code 72111960: Skelp, hot-rolled (this hsn code) | ₹1 Cr |