--- title: "HSN Code for Cold-rolled sheets | HSN 72112940 GST Rate" description: "Find HSN and GST Rates for 72112940 related to Cold-rolled sheets with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72112940/" --- # HSN Code 72112940: Cold-rolled sheets - [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) : Other : Sheets | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72112940 ? It includes Cold-rolled other steel ### Do e‑way bill and e‑invoice apply for Cold-rolled sheets? 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 Cold-rolled sheets? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Cold-rolled sheets? 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 much GST applies to Cold-rolled sheets? Under HSN 72112940, Cold-rolled sheets attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Cold-rolled sheets? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Cold-rolled sheets is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cold-rolled sheets; Nil for exempt items if applicable). ## India's trade performance: HSN Code 72112940 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+10.50% YoY) — 0.0001% of India's total exports - Imports: < ₹1 Crore (−80.00% YoY) — 0.0000% of India's total imports - Trade balance: ₹2 Cr (Surplus); surplus rank #4160 of 12657 HSN codes - Share of Sub-Chapter 7211: 0.91% of its exports; import side 0.01% - Rank within Sub-Chapter 7211: #11 of 32 by export value; import-side #19 ### Key metrics - Export CAGR: -9.03% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7431 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +10.50% in FY 2024-25 - Contribution to Sub-Ch. 7211: 0.91% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72112940 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 | 4.27 | 0.0002% | — | 1.37% | 2.21 | 0.0001% | — | 0.88% | +2.06 | #6064 | | FY 2019-20 | 3.84 | 0.0002% | −10.07% | 1.22% | < ₹1 Crore | 0.0000% | −61.09% | 0.47% | +2.98 | #6165 | | FY 2020-21 | 4.06 | 0.0002% | +5.73% | 0.95% | < ₹1 Crore | 0.0000% | −89.53% | 0.05% | +3.97 | #6174 | | FY 2021-22 | 3.49 | 0.0001% | −14.04% | 0.28% | < ₹1 Crore | 0.0000% | −88.89% | 0.00% | +3.48 | #6752 | | FY 2022-23 | 2.65 | 0.0001% | −24.07% | 0.51% | Nil | 0.0000% | −100.00% | 0.00% | +2.65 | #7131 | | FY 2023-24 | 2.19 | 0.0001% | −17.36% | 0.57% | < ₹1 Crore | 0.0000% | — | 0.04% | +2.04 | #7494 | | FY 2024-25 | 2.42 | 0.0001% | +10.50% | 0.91% | < ₹1 Crore | 0.0000% | −80.00% | 0.01% | +2.39 | #7431 | - CAGR (7-year): exports -9.03%/yr, imports -51.16%/yr (consistently Surplus) ## Key trade insights: HSN Code 72112940 export-import analysis ### Export decline: -9.03% CAGR over 7 years India's exports under HSN Code 72112940 have declined at a compound annual rate of -9.03% over 7 fiscal years, falling from ₹4.27 Crore in FY 2018-19 to ₹2.42 Crore in FY 2024-25. ### HSN Code 72112940 ranked #7431 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72112940 ranks #7431 out of 12657 HSN codes by total export value. Within Sub-Chapter 7211, it ranks #11 of 32. By trade surplus, it ranks #4160 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 72112940 exports The strongest single-year export movement for HSN Code 72112940 was recorded in FY 2024-25, when exports surged by 10.50% over the prior year. ### India maintains a trade surplus of ₹2.39 Crore in HSN Code 72112940 goods In FY 2024-25, India's exports of ₹2.42 Cr exceeded imports of ₹0.03 Cr, resulting in a trade surplus of ₹2.39 Crore — ranking #4160 of 12657 by surplus magnitude. ### Import growth of -51.16% CAGR signals stable import dependency for Cold-rolled sheets India's imports under HSN Code 72112940 have grown at -51.16% CAGR, reaching ₹0.03 Crore in FY 2024-25. ### HSN Code 72112940 contributes 0.91% of Sub-Chapter 7211 exports — ranked #11 Among the 32 HSN codes under Sub-Chapter 7211, HSN Code 72112940 ranks #11 by export value — accounting for 0.91% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #19). ## 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 | | #11 | HSN Code 72112940: Cold-rolled sheets (this hsn code) | ₹2 Cr |