HSN Code 72112950: Hot rolled steel sheets, coated, painted, etc.

HSN Code 72112950 represents Hot rolled steel sheets, coated, painted, etc. under GST classification. This code helps businesses identify Hot rolled steel sheets, coated, painted, etc. correctly for billing, taxation, and trade. With HSN Code 72112950, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hot rolled steel sheets, coated, painted, etc..

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Description of Goods for HSN Code 72112950

HSN Code 72112950 relates to the following description.

Description of Goods

Not further worked than cold-rolled (cold-reduced) : Other : 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 72112950 not include?

Hot rolled steel sheets, coated, painted, etc. does not include products with the following descriptions.

HSN Code 72111300

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

HSN Code 72111410

Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Flats

HSN Code 72111420

Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Universal plates

HSN Code 72111430

Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Hoops

HSN Code 72111440

Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Sheets

HSN Code 72111450

Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Strip

HSN Code 72111460

Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Skelp

HSN Code 72111490

Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Other

HSN Code 72112310

Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Flats

HSN Code 72112320

Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Universal plates

HSN Code 72112330

Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Hoops

HSN Code 72112340

Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Sheets

HSN Code 72112350

Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Strip

HSN Code 72112390

Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Other

HSN Code 72112920

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

India’s Trade Performance — HSN Code 72112950 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

₹120 Cr

−7.22% vs FY 2023-24

0.0033% of India’s total exports

India’s Imports

FY 2024-25

₹185 Cr

−0.79% vs FY 2023-24

0.0030% of India’s total imports

Trade Balance

FY 2024-25

−₹66 Cr

Trade Deficit

Surplus rank #10449 of 12657 HSN codes

% of Sub-Chapter 7211

FY 2024-25

45.03%

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

Import side: 49.66% of Sub-Chapter 7211’s imports

Rank Within Sub-Chapter 7211

FY 2024-25

#1 of 32

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

Import-side rank: #1 of 32

At a glance

0.79%

Export CAGR

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

#2438

National Export Rank

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

+80.36%

Peak Growth Year

FY 2021-22 · strongest single-year move

45.03%

Contribution to Sub-Ch. 7211

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

India Export-Import Trade Statistics for HSN Code 72112950

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 #1870

Balance

+1.63

Exports

114.18 ₹ Cr

0.0050% share

— YoY

36.54% of Sub-Ch. 7211

Imports

112.55 ₹ Cr

0.0031% share

— YoY

44.62% of Sub-Ch. 7211

FY 2019-20 Exp. Rank #2263

Balance

−2.91

Exports

81.02 ₹ Cr

0.0037% share

−29.04% YoY

25.69% of Sub-Ch. 7211

Imports

83.93 ₹ Cr

0.0025% share

−25.43% YoY

45.50% of Sub-Ch. 7211

FY 2020-21 Exp. Rank #2159

Balance

−6.40

Exports

92.69 ₹ Cr

0.0043% share

+14.40% YoY

21.58% of Sub-Ch. 7211

Imports

99.09 ₹ Cr

0.0034% share

+18.06% YoY

50.63% of Sub-Ch. 7211

FY 2021-22 Exp. Rank #1825

Balance

+20.75

Exports

167.18 ₹ Cr

0.0053% share

+80.36% YoY

13.43% of Sub-Ch. 7211

Imports

146.43 ₹ Cr

0.0032% share

+47.77% YoY

56.25% of Sub-Ch. 7211

FY 2022-23 Exp. Rank #2070

Balance

−29.45

Exports

147.65 ₹ Cr

0.0041% share

−11.68% YoY

28.46% of Sub-Ch. 7211

Imports

177.10 ₹ Cr

0.0031% share

+20.95% YoY

52.65% of Sub-Ch. 7211

FY 2023-24 Exp. Rank #2273

Balance

−57.73

Exports

129.05 ₹ Cr

0.0036% share

−12.60% YoY

33.52% of Sub-Ch. 7211

Imports

186.78 ₹ Cr

0.0033% share

+5.47% YoY

51.21% of Sub-Ch. 7211

FY 2024-25 Exp. Rank #2438

Balance

−65.58

Exports

119.73 ₹ Cr

0.0033% share

−7.22% YoY

45.03% of Sub-Ch. 7211

Imports

185.31 ₹ Cr

0.0030% share

−0.79% YoY

49.66% of Sub-Ch. 7211

CAGR · 7-Year

Exports

0.79% /yr

Imports

8.67% /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 72112950 Export-Import Analysis

Consistent Export Growth: 0.79% CAGR Over 7 Years

India's exports under HSN Code 72112950 have grown at a compound annual rate of 0.79% over 7 fiscal years, rising from ₹114.18 Crore in FY 2018-19 to ₹119.73 Crore in FY 2024-25.

HSN Code 72112950 Ranked #2438 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72112950 ranks #2438 out of 12657 HSN codes by total export value. Within Sub-Chapter 7211, it ranks #1 of 32. By trade surplus, it ranks #10449 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72112950 Exports

The strongest single-year export movement for HSN Code 72112950 was recorded in FY 2021-22, when exports surged by 80.36% over the prior year.

India Records a Trade Deficit of ₹65.58 Crore in HSN Code 72112950 Goods

In FY 2024-25, India's imports of ₹185.31 Cr exceeded exports of ₹119.73 Cr, resulting in a trade deficit of ₹65.58 Crore — ranking #10449 of 12657 by surplus magnitude.

Import Growth of 8.67% CAGR Signals Stable Import Dependency for Hot rolled steel sheets, coated, painted, etc.

India's imports under HSN Code 72112950 have grown at 8.67% CAGR, reaching ₹185.31 Crore in FY 2024-25.

HSN Code 72112950 Contributes 45.03% of Sub-Chapter 7211 Exports — Ranked #1

Among the 32 HSN codes under Sub-Chapter 7211, HSN Code 72112950 ranks #1 by export value — accounting for 45.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 49.66% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72112950 and GST compliance.

What products are classified under HSN 72112950 ?

It includes Other : Universal plates : Of boiler quality

Do e‑way bill and e‑invoice apply for Hot rolled steel sheets, coated, painted, etc.?

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 Hot rolled steel sheets, coated, painted, etc.?

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

How much GST applies to Hot rolled steel sheets, coated, painted, etc.?

Under HSN 72112950, Hot rolled steel sheets, coated, painted, etc. attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Hot rolled steel sheets, coated, painted, etc. is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Hot rolled steel sheets, coated, painted, etc.; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Hot rolled steel sheets, coated, painted, etc.?

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.

Any common misclassification issue with Hot rolled steel sheets, coated, painted, etc.?

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

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.