---
title: "HSN Code for Stainless Steel Strips, Cold-Rolled | HSN 72112340 GST Rate"
description: "Find HSN and GST Rates for 72112340 related to Stainless Steel Strips, Cold-Rolled with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72112340/"
---

# HSN Code 72112340: Stainless Steel Strips, Cold-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 cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Sheets | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72112340 ?

It includes Cold-rolled flats

### Can we claim ITC on inputs used to trade Stainless Steel Strips, Cold-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 Stainless Steel Strips, Cold-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 Stainless Steel Strips, Cold-Rolled?

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

### Does packaging or labelling change the GST for Stainless Steel Strips, Cold-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 Stainless Steel Strips, Cold-Rolled is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Stainless Steel Strips, Cold-Rolled; Nil for exempt items if applicable).

## India's trade performance: HSN Code 72112340 (FY 2024-25)

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

- Exports: < ₹1 Crore (+77.78% YoY) — 0.0000% of India's total exports
- Imports: ₹4 Cr (+85.09% YoY) — 0.0001% of India's total imports
- Trade balance: −₹4 Cr (Deficit); surplus rank #8467 of 12657 HSN codes
- Share of Sub-Chapter 7211: 0.18% of its exports; import side 1.13%
- Rank within Sub-Chapter 7211: #17 of 32 by export value; import-side #9

### Key metrics

- Export CAGR: 3.97% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #8852 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +153.33% in FY 2020-21
- Contribution to Sub-Ch. 7211: 0.18% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72112340

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% | — | 0.12% | 6.79 | 0.0002% | — | 2.69% | −6.41 | #8380 |
| FY 2019-20 | < ₹1 Crore | 0.0000% | −60.53% | 0.05% | < ₹1 Crore | 0.0000% | −98.97% | 0.04% | +0.08 | #8979 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | +153.33% | 0.09% | < ₹1 Crore | 0.0000% | −71.43% | 0.01% | +0.36 | #8427 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | +31.58% | 0.04% | < ₹1 Crore | 0.0000% | −50.00% | 0.00% | +0.49 | #8573 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | +32.00% | 0.13% | 2.93 | 0.0001% | +29,200.00% | 0.87% | −2.27 | #8451 |
| FY 2023-24 | < ₹1 Crore | 0.0000% | −59.09% | 0.07% | 2.28 | 0.0000% | −22.18% | 0.63% | −2.01 | #9259 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | +77.78% | 0.18% | 4.22 | 0.0001% | +85.09% | 1.13% | −3.74 | #8852 |

- CAGR (7-year): exports 3.97%/yr, imports -7.62%/yr (consistently Deficit)

## Key trade insights: HSN Code 72112340 export-import analysis

### Consistent export growth: 3.97% CAGR over 7 years

India's exports under HSN Code 72112340 have grown at a compound annual rate of 3.97% over 7 fiscal years, rising from ₹0.38 Crore in FY 2018-19 to ₹0.48 Crore in FY 2024-25.

### HSN Code 72112340 ranked #8852 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72112340 ranks #8852 out of 12657 HSN codes by total export value. Within Sub-Chapter 7211, it ranks #17 of 32. By trade surplus, it ranks #8467 of 12657.

### FY 2020-21 was the strongest growth year for HSN Code 72112340 exports

The strongest single-year export movement for HSN Code 72112340 was recorded in FY 2020-21, when exports surged by 153.33% over the prior year.

### India records a trade deficit of ₹3.74 Crore in HSN Code 72112340 goods

In FY 2024-25, India's imports of ₹4.22 Cr exceeded exports of ₹0.48 Cr, resulting in a trade deficit of ₹3.74 Crore — ranking #8467 of 12657 by surplus magnitude.

### Import growth of -7.62% CAGR signals stable import dependency for Stainless Steel Strips, Cold-Rolled

India's imports under HSN Code 72112340 have grown at -7.62% CAGR, reaching ₹4.22 Crore in FY 2024-25.

### HSN Code 72112340 contributes 0.18% of Sub-Chapter 7211 exports — ranked #17

Among the 32 HSN codes under Sub-Chapter 7211, HSN Code 72112340 ranks #17 by export value — accounting for 0.18% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.13% share (rank #9).

## 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 |
| #17 | HSN Code 72112340: Stainless Steel Strips, Cold-Rolled (this hsn code) | < ₹1 Crore |