HSN Code 72112940: Cold-rolled sheets

HSN Code 72112940 represents Cold-rolled sheets under GST classification. This code helps businesses identify Cold-rolled sheets correctly for billing, taxation, and trade. With HSN Code 72112940, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cold-rolled sheets.

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Description of Goods for HSN Code 72112940

HSN Code 72112940 relates to the following description.

Description of Goods

Not further worked than cold-rolled (cold-reduced) : Other : 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 72112940 not include?

Cold-rolled sheets 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) : 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 72112940 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

₹2 Cr

+10.50% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−80.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹2 Cr

Trade Surplus

Surplus rank #4160 of 12657 HSN codes

% of Sub-Chapter 7211

FY 2024-25

0.91%

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

Import side: 0.01% of Sub-Chapter 7211’s imports

Rank Within Sub-Chapter 7211

FY 2024-25

#11 of 32

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

Import-side rank: #19 of 32

At a glance

−9.03%

Export CAGR

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

#7431

National Export Rank

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

+10.50%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.91%

Contribution to Sub-Ch. 7211

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6064

Balance

+2.06

Exports

4.27 ₹ Cr

0.0002% share

YoY

1.37% of Sub-Ch. 7211

Imports

2.21 ₹ Cr

0.0001% share

YoY

0.88% of Sub-Ch. 7211

FY 2019-20 Exp. Rank #6165

Balance

+2.98

Exports

3.84 ₹ Cr

0.0002% share

−10.07% YoY

1.22% of Sub-Ch. 7211

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−61.09% YoY

0.47% of Sub-Ch. 7211

FY 2020-21 Exp. Rank #6174

Balance

+3.97

Exports

4.06 ₹ Cr

0.0002% share

+5.73% YoY

0.95% of Sub-Ch. 7211

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−89.53% YoY

0.05% of Sub-Ch. 7211

FY 2021-22 Exp. Rank #6752

Balance

+3.48

Exports

3.49 ₹ Cr

0.0001% share

−14.04% YoY

0.28% of Sub-Ch. 7211

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−88.89% YoY

0.00% of Sub-Ch. 7211

FY 2022-23 Exp. Rank #7131

Balance

+2.65

Exports

2.65 ₹ Cr

0.0001% share

−24.07% YoY

0.51% of Sub-Ch. 7211

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7211

FY 2023-24 Exp. Rank #7494

Balance

+2.04

Exports

2.19 ₹ Cr

0.0001% share

−17.36% YoY

0.57% of Sub-Ch. 7211

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.04% of Sub-Ch. 7211

FY 2024-25 Exp. Rank #7431

Balance

+2.39

Exports

2.42 ₹ Cr

0.0001% share

+10.50% YoY

0.91% of Sub-Ch. 7211

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−80.00% YoY

0.01% of Sub-Ch. 7211

CAGR · 7-Year

Exports

−9.03% /yr

Imports

−51.16% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72112940 and GST compliance.

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).

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.