HSN Code 72112350: Other Cold-Rolled Stainless Steel Flat Products

HSN Code 72112350 represents Other Cold-Rolled Stainless Steel Flat Products under GST classification. This code helps businesses identify Other Cold-Rolled Stainless Steel Flat Products correctly for billing, taxation, and trade. With HSN Code 72112350, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Cold-Rolled Stainless Steel Flat Products.

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Description of Goods for HSN Code 72112350

HSN Code 72112350 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: Strip

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 72112350 not include?

Other Cold-Rolled Stainless Steel Flat Products 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: Sheets

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

India’s Trade Performance — HSN Code 72112350 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹32 Cr

−56.15% vs FY 2023-24

0.0009% of India’s total exports

India’s Imports

FY 2024-25

₹10 Cr

+123.03% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

₹21 Cr

Trade Surplus

Surplus rank #2778 of 12657 HSN codes

% of Sub-Chapter 7211

FY 2024-25

11.85%

Share of Sub-Chapter 7211’s total exports in FY 2024-25

Import side: 2.73% of Sub-Chapter 7211’s imports

Rank Within Sub-Chapter 7211

FY 2024-25

#3 of 32

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

Import-side rank: #7 of 32

At a glance

−9.88%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#4258

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+121.81%

Peak Growth Year

FY 2021-22 · strongest single-year move

11.85%

Contribution to Sub-Ch. 7211

Share of Sub-Chapter 7211 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72112350

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #2648

Balance

+50.14

Exports

58.80 ₹ Cr

0.0026% share

YoY

18.82% of Sub-Ch. 7211

Imports

8.66 ₹ Cr

0.0002% share

YoY

3.43% of Sub-Ch. 7211

FY 2019-20 Exp. Rank #2489

Balance

+63.24

Exports

67.62 ₹ Cr

0.0031% share

+15.00% YoY

21.44% of Sub-Ch. 7211

Imports

4.38 ₹ Cr

0.0001% share

−49.42% YoY

2.37% of Sub-Ch. 7211

FY 2020-21 Exp. Rank #4209

Balance

+9.41

Exports

19.53 ₹ Cr

0.0009% share

−71.12% YoY

4.55% of Sub-Ch. 7211

Imports

10.12 ₹ Cr

0.0003% share

+131.05% YoY

5.17% of Sub-Ch. 7211

FY 2021-22 Exp. Rank #3564

Balance

+34.04

Exports

43.32 ₹ Cr

0.0014% share

+121.81% YoY

3.48% of Sub-Ch. 7211

Imports

9.28 ₹ Cr

0.0002% share

−8.30% YoY

3.56% of Sub-Ch. 7211

FY 2022-23 Exp. Rank #3140

Balance

+54.41

Exports

64.27 ₹ Cr

0.0018% share

+48.36% YoY

12.39% of Sub-Ch. 7211

Imports

9.86 ₹ Cr

0.0002% share

+6.25% YoY

2.93% of Sub-Ch. 7211

FY 2023-24 Exp. Rank #3043

Balance

+67.27

Exports

71.83 ₹ Cr

0.0020% share

+11.76% YoY

18.66% of Sub-Ch. 7211

Imports

4.56 ₹ Cr

0.0001% share

−53.75% YoY

1.25% of Sub-Ch. 7211

FY 2024-25 Exp. Rank #4258

Balance

+21.33

Exports

31.50 ₹ Cr

0.0009% share

−56.15% YoY

11.85% of Sub-Ch. 7211

Imports

10.17 ₹ Cr

0.0002% share

+123.03% YoY

2.73% of Sub-Ch. 7211

CAGR · 7-Year

Exports

−9.88% /yr

Imports

2.72% /yr

Consistently Surplus
Sub-Chapter 7211 total

reference, FY 2024-25

Export

₹265.91 Cr

Import

₹373.15 Cr

Trade Balance

−107.24

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

Key Trade Insights: HSN Code 72112350 Export-Import Analysis

Export Decline: −9.88% CAGR Over 7 Years

India's exports under HSN Code 72112350 have declined at a compound annual rate of −9.88% over 7 fiscal years, falling from ₹58.80 Crore in FY 2018-19 to ₹31.50 Crore in FY 2024-25.

HSN Code 72112350 Ranked #4258 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72112350 ranks #4258 out of 12657 HSN codes by total export value. Within Sub-Chapter 7211, it ranks #3 of 32. By trade surplus, it ranks #2778 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72112350 Exports

The strongest single-year export movement for HSN Code 72112350 was recorded in FY 2021-22, when exports surged by 121.81% over the prior year.

India Maintains a Trade Surplus of ₹21.33 Crore in HSN Code 72112350 Goods

In FY 2024-25, India's exports of ₹31.50 Cr exceeded imports of ₹10.17 Cr, resulting in a trade surplus of ₹21.33 Crore — ranking #2778 of 12657 by surplus magnitude.

Import Growth of 2.72% CAGR Signals Stable Import Dependency for Other Cold-Rolled Stainless Steel Flat Products

India's imports under HSN Code 72112350 have grown at 2.72% CAGR, reaching ₹10.17 Crore in FY 2024-25.

HSN Code 72112350 Contributes 11.85% of Sub-Chapter 7211 Exports — Ranked #3

Among the 32 HSN codes under Sub-Chapter 7211, HSN Code 72112350 ranks #3 by export value — accounting for 11.85% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.73% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72112350 and GST compliance.

What products are classified under HSN 72112350 ?

It includes Cold-Rolled Universal Steel Plates: Not Further Worked

How much GST applies to Other Cold-Rolled Stainless Steel Flat Products?

Under HSN 72112350, Other Cold-Rolled Stainless Steel Flat Products attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Other Cold-Rolled Stainless Steel Flat Products is sold with other items?

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

Does packaging or labelling change the GST for Other Cold-Rolled Stainless Steel Flat Products?

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.

Do e‑way bill and e‑invoice apply for Other Cold-Rolled Stainless Steel Flat Products?

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.

Can we claim ITC on inputs used to trade Other Cold-Rolled Stainless Steel Flat Products?

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

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.