HSN Code 72112390: Other Non-Alloy Stainless Steel Products

HSN Code 72112390 represents Other Non-Alloy Stainless Steel Products under GST classification. This code helps businesses identify Other Non-Alloy Stainless Steel Products correctly for billing, taxation, and trade. With HSN Code 72112390, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Non-Alloy Stainless Steel Products.

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Description of Goods for HSN Code 72112390

HSN Code 72112390 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: Other

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 72112390 not include?

Other Non-Alloy Stainless Steel 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: Strip

Not further worked than cold-rolled (cold-reduced) : Other : Universal plates

India’s Trade Performance — HSN Code 72112390 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

₹5 Cr

−21.12% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹67 Cr

+25.94% vs FY 2023-24

0.0011% of India’s total imports

Trade Balance

FY 2024-25

−₹62 Cr

Trade Deficit

Surplus rank #10409 of 12657 HSN codes

% of Sub-Chapter 7211

FY 2024-25

1.95%

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

Import side: 17.96% of Sub-Chapter 7211’s imports

Rank Within Sub-Chapter 7211

FY 2024-25

#8 of 32

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

Import-side rank: #2 of 32

At a glance

−9.26%

Export CAGR

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

#6570

National Export Rank

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

+128.63%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.95%

Contribution to Sub-Ch. 7211

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

India Export-Import Trade Statistics for HSN Code 72112390

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 #5064

Balance

−1.98

Exports

9.30 ₹ Cr

0.0004% share

YoY

2.98% of Sub-Ch. 7211

Imports

11.28 ₹ Cr

0.0003% share

YoY

4.47% of Sub-Ch. 7211

FY 2019-20 Exp. Rank #6758

Balance

−3.98

Exports

2.36 ₹ Cr

0.0001% share

−74.62% YoY

0.75% of Sub-Ch. 7211

Imports

6.34 ₹ Cr

0.0002% share

−43.79% YoY

3.44% of Sub-Ch. 7211

FY 2020-21 Exp. Rank #6714

Balance

−0.93

Exports

2.55 ₹ Cr

0.0001% share

+8.05% YoY

0.59% of Sub-Ch. 7211

Imports

3.48 ₹ Cr

0.0001% share

−45.11% YoY

1.78% of Sub-Ch. 7211

FY 2021-22 Exp. Rank #6169

Balance

+4.08

Exports

5.83 ₹ Cr

0.0002% share

+128.63% YoY

0.47% of Sub-Ch. 7211

Imports

1.75 ₹ Cr

0.0000% share

−49.71% YoY

0.67% of Sub-Ch. 7211

FY 2022-23 Exp. Rank #6512

Balance

−10.41

Exports

4.75 ₹ Cr

0.0001% share

−18.52% YoY

0.92% of Sub-Ch. 7211

Imports

15.16 ₹ Cr

0.0003% share

+766.29% YoY

4.51% of Sub-Ch. 7211

FY 2023-24 Exp. Rank #6232

Balance

−46.63

Exports

6.58 ₹ Cr

0.0002% share

+38.53% YoY

1.71% of Sub-Ch. 7211

Imports

53.21 ₹ Cr

0.0009% share

+250.99% YoY

14.59% of Sub-Ch. 7211

FY 2024-25 Exp. Rank #6570

Balance

−61.82

Exports

5.19 ₹ Cr

0.0001% share

−21.12% YoY

1.95% of Sub-Ch. 7211

Imports

67.01 ₹ Cr

0.0011% share

+25.94% YoY

17.96% of Sub-Ch. 7211

CAGR · 7-Year

Exports

−9.26% /yr

Imports

34.58% /yr

Consistently Deficit
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 72112390 Export-Import Analysis

Export Decline: −9.26% CAGR Over 7 Years

India's exports under HSN Code 72112390 have declined at a compound annual rate of −9.26% over 7 fiscal years, falling from ₹9.30 Crore in FY 2018-19 to ₹5.19 Crore in FY 2024-25.

HSN Code 72112390 Ranked #6570 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72112390 ranks #6570 out of 12657 HSN codes by total export value. Within Sub-Chapter 7211, it ranks #8 of 32. By trade surplus, it ranks #10409 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72112390 Exports

The strongest single-year export movement for HSN Code 72112390 was recorded in FY 2021-22, when exports surged by 128.63% over the prior year.

India Records a Trade Deficit of ₹61.82 Crore in HSN Code 72112390 Goods

In FY 2024-25, India's imports of ₹67.01 Cr exceeded exports of ₹5.19 Cr, resulting in a trade deficit of ₹61.82 Crore — ranking #10409 of 12657 by surplus magnitude.

Import Growth of 34.58% CAGR Signals Rising Demand for Other Non-Alloy Stainless Steel Products

India's imports under HSN Code 72112390 have grown at 34.58% CAGR, reaching ₹67.01 Crore in FY 2024-25.

HSN Code 72112390 Contributes 1.95% of Sub-Chapter 7211 Exports — Ranked #8

Among the 32 HSN codes under Sub-Chapter 7211, HSN Code 72112390 ranks #8 by export value — accounting for 1.95% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 17.96% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72112390 and GST compliance.

What products are classified under HSN 72112390 ?

It includes Cold-rolled hoops

Does packaging or labelling change the GST for Other Non-Alloy Stainless Steel 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.

Can we claim ITC on inputs used to trade Other Non-Alloy Stainless Steel Products?

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

Any common misclassification issue with Other Non-Alloy Stainless Steel Products?

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

Do e‑way bill and e‑invoice apply for Other Non-Alloy Stainless Steel 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.

How much GST applies to Other Non-Alloy Stainless Steel Products?

Under HSN 72112390, Other Non-Alloy Stainless Steel Products attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.