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HSN Code 72112340: Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20%

HSN Code 72112340 represents Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20% under GST classification. This code helps businesses identify Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20% 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 Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20%.

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Description of Goods for HSN Code 72112340

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%

What does HSN Code 72112340 not include?

Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20% 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 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 : Universal plates

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India’s Trade Performance — HSN Code 72112340 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

< ₹1 Crore

+83.33% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹2 Cr

−47.39% vs FY 2024-25

0.0000% of India’s total imports

Trade Balance

FY 2025-26

−₹1 Cr

Trade Deficit

Surplus rank #8119 of 12872 HSN codes

% of Sub-Chapter 7211

FY 2025-26

0.39%

Share of Sub-Chapter 7211’s total exports in FY 2025-26

Import side: 0.76% of Sub-Chapter 7211’s imports

Rank Within Sub-Chapter 7211

FY 2025-26

#11 of 32

Position by export value among HSN codes in Sub-Chapter 7211

Import-side rank: #8 of 32

At a glance

12.75%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#8497

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+153.33%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.39%

Contribution to Sub-Ch. 7211

Share of Sub-Chapter 7211 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 72112340

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #8380

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

FY 2019-20 Exp. Rank #8979

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

FY 2020-21 Exp. Rank #8427

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

FY 2021-22 Exp. Rank #8573

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

FY 2022-23 Exp. Rank #8451

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

FY 2023-24 Exp. Rank #9259

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

FY 2024-25 Exp. Rank #8852

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

FY 2025-26 Exp. Rank #8497

Balance

−1.34

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+83.33% YoY

0.39% of Sub-Ch. 7211

Imports

2.22 ₹ Cr

0.0000% share

−47.39% YoY

0.76% of Sub-Ch. 7211

CAGR · 8-Year

Exports

12.75% /yr

Imports

−14.76% /yr

Consistently Deficit
Sub-Chapter 7211 total

reference, FY 2025-26

Export

₹224.41 Cr

Import

₹293.20 Cr

Trade Balance

−68.79

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72112340 Export-Import Analysis

Consistent Export Growth: 12.75% CAGR Over 8 Years

India's exports under HSN Code 72112340 have grown at a compound annual rate of 12.75% over 8 fiscal years, rising from ₹0.38 Crore in FY 2018-19 to ₹0.88 Crore in FY 2025-26.

HSN Code 72112340 Ranked #8497 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72112340 ranks #8497 out of 12872 HSN codes by total export value. Within Sub-Chapter 7211, it ranks #11 of 32. By trade surplus, it ranks #8119 of 12872.

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 ₹1.34 Crore in HSN Code 72112340 Goods

In FY 2025-26, India's imports of ₹2.22 Cr exceeded exports of ₹0.88 Cr, resulting in a trade deficit of ₹1.34 Crore — ranking #8119 of 12872 by surplus magnitude.

Import Growth of −14.76% CAGR Signals Stable Import Dependency for Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20%

India's imports under HSN Code 72112340 have grown at −14.76% CAGR, reaching ₹2.22 Crore in FY 2025-26.

HSN Code 72112340 Contributes 0.39% of Sub-Chapter 7211 Exports — Ranked #11

Among the 32 HSN codes under Sub-Chapter 7211, HSN Code 72112340 ranks #11 by export value — accounting for 0.39% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.76% share (rank #8).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72112340 and GST compliance.

What products are classified under HSN 72112340 ?

It includes Cold-rolled flats

Can we claim ITC on inputs used to trade Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20%?

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 Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20%?

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 Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20%?

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 Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20%?

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 Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20% is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cold-Rolled Non-Alloy Steel Sheets, Carbon Below 0.20%; Nil for exempt items if applicable).

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Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.