Find GST Rates & HSN

HSN Code 72124000: Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm

HSN Code 72124000 represents Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm under GST classification. This code helps businesses identify Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm correctly for billing, taxation, and trade. With HSN Code 72124000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm.

Free Live Demo Available Today

Don’t Let HSN Mistakes Affect Your GST Filing

Manage correct HSN codes and GST rates with BUSY.

Trusted by 6,00,000+ Users
4.5 Google Rating
40K+ Monthly Downloads
Free Mobile App
+91

* No credit card required

Description of Goods for HSN Code 72124000

HSN Code 72124000 relates to the following description.

Description of Goods

Painted, varnished or coated with plastics

Chapter

72 - Iron and steel

Sub Chapter

7212 - Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72124000 not include?

Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm does not include products with the following descriptions.

Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated - electrolytically plated or coated with zinc : other

Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated - otherwise plated or coated with zinc : other

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91

* No credit card required

India’s Trade Performance — HSN Code 72124000 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹104 Cr

+1.72% vs FY 2024-25

0.0027% of India’s total exports

India’s Imports

FY 2025-26

₹141 Cr

+1.06% vs FY 2024-25

0.0021% of India’s total imports

Trade Balance

FY 2025-26

−₹38 Cr

Trade Deficit

Surplus rank #10086 of 12872 HSN codes

% of Sub-Chapter 7212

FY 2025-26

47.18%

Share of Sub-Chapter 7212’s total exports in FY 2025-26

Import side: 16.27% of Sub-Chapter 7212’s imports

Rank Within Sub-Chapter 7212

FY 2025-26

#1 of 17

Position by export value among HSN codes in Sub-Chapter 7212

Import-side rank: #3 of 17

At a glance

10.04%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#2782

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+72.49%

Peak Growth Year

FY 2021-22 · strongest single-year move

47.18%

Contribution to Sub-Ch. 7212

Share of Sub-Chapter 7212 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 72124000

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #2766

Balance

−115.53

Exports

52.99 ₹ Cr

0.0023% share

— YoY

29.76% of Sub-Ch. 7212

Imports

168.52 ₹ Cr

0.0047% share

— YoY

28.73% of Sub-Ch. 7212

FY 2019-20 Exp. Rank #2766

Balance

−60.01

Exports

54.24 ₹ Cr

0.0025% share

+2.36% YoY

27.93% of Sub-Ch. 7212

Imports

114.25 ₹ Cr

0.0034% share

−32.20% YoY

25.38% of Sub-Ch. 7212

FY 2020-21 Exp. Rank #2617

Balance

−51.43

Exports

63.14 ₹ Cr

0.0029% share

+16.41% YoY

34.04% of Sub-Ch. 7212

Imports

114.57 ₹ Cr

0.0039% share

+0.28% YoY

24.02% of Sub-Ch. 7212

FY 2021-22 Exp. Rank #2298

Balance

−54.76

Exports

108.91 ₹ Cr

0.0035% share

+72.49% YoY

22.06% of Sub-Ch. 7212

Imports

163.67 ₹ Cr

0.0036% share

+42.86% YoY

26.62% of Sub-Ch. 7212

FY 2022-23 Exp. Rank #2834

Balance

−112.65

Exports

80.92 ₹ Cr

0.0022% share

−25.70% YoY

33.06% of Sub-Ch. 7212

Imports

193.57 ₹ Cr

0.0034% share

+18.27% YoY

26.00% of Sub-Ch. 7212

FY 2023-24 Exp. Rank #2581

Balance

−65.77

Exports

100.01 ₹ Cr

0.0028% share

+23.59% YoY

40.51% of Sub-Ch. 7212

Imports

165.78 ₹ Cr

0.0030% share

−14.36% YoY

21.44% of Sub-Ch. 7212

FY 2024-25 Exp. Rank #2641

Balance

−38.12

Exports

101.80 ₹ Cr

0.0028% share

+1.79% YoY

44.52% of Sub-Ch. 7212

Imports

139.92 ₹ Cr

0.0023% share

−15.60% YoY

17.60% of Sub-Ch. 7212

FY 2025-26 Exp. Rank #2782

Balance

−37.85

Exports

103.55 ₹ Cr

0.0027% share

+1.72% YoY

47.18% of Sub-Ch. 7212

Imports

141.40 ₹ Cr

0.0021% share

+1.06% YoY

16.27% of Sub-Ch. 7212

CAGR · 8-Year

Exports

10.04% /yr

Imports

−2.48% /yr

Consistently Deficit
Sub-Chapter 7212 total

reference, FY 2025-26

Export

₹219.48 Cr

Import

₹869.09 Cr

Trade Balance

−649.61

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

Key Trade Insights: HSN Code 72124000 Export-Import Analysis

Consistent Export Growth: 10.04% CAGR Over 8 Years

India's exports under HSN Code 72124000 have grown at a compound annual rate of 10.04% over 8 fiscal years, rising from ₹52.99 Crore in FY 2018-19 to ₹103.55 Crore in FY 2025-26.

HSN Code 72124000 Ranked #2782 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72124000 ranks #2782 out of 12872 HSN codes by total export value. Within Sub-Chapter 7212, it ranks #1 of 17. By trade surplus, it ranks #10086 of 12872.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72124000 Exports

The strongest single-year export movement for HSN Code 72124000 was recorded in FY 2021-22, when exports surged by 72.49% over the prior year.

India Records a Trade Deficit of ₹37.85 Crore in HSN Code 72124000 Goods

In FY 2025-26, India's imports of ₹141.40 Cr exceeded exports of ₹103.55 Cr, resulting in a trade deficit of ₹37.85 Crore — ranking #10086 of 12872 by surplus magnitude.

Import Growth of −2.48% CAGR Signals Stable Import Dependency for Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm

India's imports under HSN Code 72124000 have grown at −2.48% CAGR, reaching ₹141.40 Crore in FY 2025-26.

HSN Code 72124000 Contributes 47.18% of Sub-Chapter 7212 Exports — Ranked #1

Among the 17 HSN codes under Sub-Chapter 7212, HSN Code 72124000 ranks #1 by export value — accounting for 47.18% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 16.27% share (rank #3).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72124000 and GST compliance.

What products are classified under HSN 72124000 ?

It includes Coated steel: Aluminium

How should mixed supplies be billed when Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm; Nil for exempt items if applicable).

How much GST applies to Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm?

Under HSN 72124000, Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm?

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.

Any common misclassification issue with Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm?

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

Does packaging or labelling change the GST for Painted, Varnished or Plastics-Coated Steel Flat Products, Width Below 600 mm?

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.

Found this useful? Add BUSY as a preferred source to see more of us on Google.

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.