HSN Code 72112340 represents Stainless Steel Strips, Cold-Rolled under GST classification. This code helps businesses identify Stainless Steel Strips, Cold-Rolled correctly for billing, taxation, and trade. With HSN Code 72112340, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Stainless Steel Strips, Cold-Rolled.
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HSN Code 72112340 relates to the following description.
Description of Goods
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Sheets
Chapter
72 - Iron and steel
Sub Chapter
7211 - Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, not clad, plated or coated
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Stainless Steel Strips, Cold-Rolled does not include products with the following descriptions.
Not further worked than hot-rolled : Rolled on four faces or in a closed box pass, of a width exceeding 150 mm and a thickness of not less than 4 mm, not in coils and without patterns in relief
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Flats
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Universal plates
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Hoops
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Sheets
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Strip
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Skelp
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Other
Not further worked than hot-rolled : Other : Flats
Not further worked than hot-rolled : Other : Universal plates
Not further worked than hot-rolled : Other : Hoops
Not further worked than hot-rolled : Other : Sheets
Not further worked than hot-rolled : Other : Strip
Not further worked than hot-rolled : Other : Skelp
Not further worked than hot-rolled : Other : Other
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Flats
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Universal plates
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Hoops
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Strip
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Other
Not further worked than cold-rolled (cold-reduced) : Other : Flats
Not further worked than cold-rolled (cold-reduced) : Other : Universal plates
Not further worked than cold-rolled (cold-reduced) : Other : Hoops
Not further worked than cold-rolled (cold-reduced) : Other : Sheets
Not further worked than cold-rolled (cold-reduced) : Other : Strip
Not further worked than cold-rolled (cold-reduced) : Other : Skelp
Not further worked than cold-rolled (cold-reduced) : Other : Other
Other : Universal plates : Of boiler quality
Other : Universal plates : Of high tensile quality
Other : Universal plates : Of ship building quality
Other : Other
Not further worked than hot-rolled : Rolled on four faces or in a closed box pass, of a width exceeding 150 mm and a thickness of not less than 4 mm, not in coils and without patterns in relief
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Flats
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Universal plates
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Hoops
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Sheets
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Strip
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Skelp
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Other
Not further worked than hot-rolled : Other : Flats
Not further worked than hot-rolled : Other : Universal plates
Not further worked than hot-rolled : Other : Hoops
Not further worked than hot-rolled : Other : Sheets
Not further worked than hot-rolled : Other : Strip
Not further worked than hot-rolled : Other : Skelp
Not further worked than hot-rolled : Other : Other
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Flats
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Universal plates
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Hoops
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Strip
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Other
Not further worked than cold-rolled (cold-reduced) : Other : Flats
Not further worked than cold-rolled (cold-reduced) : Other : Universal plates
Not further worked than cold-rolled (cold-reduced) : Other : Hoops
Not further worked than cold-rolled (cold-reduced) : Other : Sheets
Not further worked than cold-rolled (cold-reduced) : Other : Strip
Not further worked than cold-rolled (cold-reduced) : Other : Skelp
Not further worked than cold-rolled (cold-reduced) : Other : Other
Other : Universal plates : Of boiler quality
Other : Universal plates : Of high tensile quality
Other : Universal plates : Of ship building quality
Other : Other
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹4 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25−₹4 Cr
Surplus rank #8467 of 12657 HSN codes
% of Sub-Chapter 7211
FY 2024-250.18%
Share of Sub-Chapter 7211’s total exports in FY 2024-25
Import side: 1.13% of Sub-Chapter 7211’s imports
Rank Within Sub-Chapter 7211
FY 2024-25#17 of 32
Position by export value among HSN codes in Sub-Chapter 7211
Import-side rank: #9 of 32
At a glance
3.97%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8852
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+153.33%
Peak Growth Year
FY 2020-21 · strongest single-year move
0.18%
Contribution to Sub-Ch. 7211
Share of Sub-Chapter 7211 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−6.41
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.12% of Sub-Ch. 7211
Imports
6.79 ₹ Cr
0.0002% share
— YoY
2.69% of Sub-Ch. 7211
Balance
+0.08
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−60.53% YoY
0.05% of Sub-Ch. 7211
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−98.97% YoY
0.04% of Sub-Ch. 7211
Balance
+0.36
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+153.33% YoY
0.09% of Sub-Ch. 7211
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−71.43% YoY
0.01% of Sub-Ch. 7211
Balance
+0.49
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+31.58% YoY
0.04% of Sub-Ch. 7211
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−50.00% YoY
0.00% of Sub-Ch. 7211
Balance
−2.27
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+32.00% YoY
0.13% of Sub-Ch. 7211
Imports
2.93 ₹ Cr
0.0001% share
+29,200.00% YoY
0.87% of Sub-Ch. 7211
Balance
−2.01
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−59.09% YoY
0.07% of Sub-Ch. 7211
Imports
2.28 ₹ Cr
0.0000% share
−22.18% YoY
0.63% of Sub-Ch. 7211
Balance
−3.74
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+77.78% YoY
0.18% of Sub-Ch. 7211
Imports
4.22 ₹ Cr
0.0001% share
+85.09% YoY
1.13% of Sub-Ch. 7211
CAGR · 7-Year
Exports
3.97% /yr
Imports
−7.62% /yr
reference, FY 2024-25
Export
₹265.91 Cr
Import
₹373.15 Cr
Trade Balance
−107.24
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.
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.
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.
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.
India's imports under HSN Code 72112340 have grown at −7.62% CAGR, reaching ₹4.22 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 72112340 and GST compliance.
It includes Cold-rolled flats
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
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).