HSN Code 72126000: Clad Steel

HSN Code 72126000 represents Clad Steel under GST classification. This code helps businesses identify Clad Steel correctly for billing, taxation, and trade. With HSN Code 72126000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Clad Steel.

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Description of Goods for HSN Code 72126000

HSN Code 72126000 relates to the following description.

Description of Goods

Clad

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 72126000 not include?

Clad Steel does not include products with the following descriptions.

HSN Code 72122090

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

HSN Code 72123090

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

India’s Trade Performance — HSN Code 72126000 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

₹29 Cr

+55.29% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹235 Cr

+36.65% vs FY 2023-24

0.0039% of India’s total imports

Trade Balance

FY 2024-25

−₹207 Cr

Trade Deficit

Surplus rank #11336 of 12657 HSN codes

% of Sub-Chapter 7212

FY 2024-25

12.52%

Share of Sub-Chapter 7212’s total exports in FY 2024-25

Import side: 29.62% of Sub-Chapter 7212’s imports

Rank Within Sub-Chapter 7212

FY 2024-25

#3 of 17

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

Import-side rank: #2 of 17

At a glance

39.70%

Export CAGR

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

#4396

National Export Rank

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

+142.53%

Peak Growth Year

FY 2021-22 · strongest single-year move

12.52%

Contribution to Sub-Ch. 7212

Share of Sub-Chapter 7212 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72126000

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 #6181

Balance

−75.79

Exports

3.85 ₹ Cr

0.0002% share

— YoY

2.16% of Sub-Ch. 7212

Imports

79.64 ₹ Cr

0.0022% share

— YoY

13.58% of Sub-Ch. 7212

FY 2019-20 Exp. Rank #7118

Balance

−66.23

Exports

1.65 ₹ Cr

0.0001% share

−57.14% YoY

0.85% of Sub-Ch. 7212

Imports

67.88 ₹ Cr

0.0020% share

−14.77% YoY

15.08% of Sub-Ch. 7212

FY 2020-21 Exp. Rank #7133

Balance

−71.70

Exports

1.74 ₹ Cr

0.0001% share

+5.45% YoY

0.94% of Sub-Ch. 7212

Imports

73.44 ₹ Cr

0.0025% share

+8.19% YoY

15.39% of Sub-Ch. 7212

FY 2021-22 Exp. Rank #6566

Balance

−107.04

Exports

4.22 ₹ Cr

0.0001% share

+142.53% YoY

0.85% of Sub-Ch. 7212

Imports

111.26 ₹ Cr

0.0024% share

+51.50% YoY

18.10% of Sub-Ch. 7212

FY 2022-23 Exp. Rank #5838

Balance

−143.10

Exports

8.50 ₹ Cr

0.0002% share

+101.42% YoY

3.47% of Sub-Ch. 7212

Imports

151.60 ₹ Cr

0.0026% share

+36.26% YoY

20.36% of Sub-Ch. 7212

FY 2023-24 Exp. Rank #4885

Balance

−153.86

Exports

18.43 ₹ Cr

0.0005% share

+116.82% YoY

7.47% of Sub-Ch. 7212

Imports

172.29 ₹ Cr

0.0031% share

+13.65% YoY

22.28% of Sub-Ch. 7212

FY 2024-25 Exp. Rank #4396

Balance

−206.81

Exports

28.62 ₹ Cr

0.0008% share

+55.29% YoY

12.52% of Sub-Ch. 7212

Imports

235.43 ₹ Cr

0.0039% share

+36.65% YoY

29.62% of Sub-Ch. 7212

CAGR · 7-Year

Exports

39.70% /yr

Imports

19.80% /yr

Consistently Deficit
Sub-Chapter 7212 total

reference, FY 2024-25

Export

₹228.66 Cr

Import

₹794.97 Cr

Trade Balance

−566.31

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

Key Trade Insights: HSN Code 72126000 Export-Import Analysis

Consistent Export Growth: 39.70% CAGR Over 7 Years

India's exports under HSN Code 72126000 have grown at a compound annual rate of 39.70% over 7 fiscal years, rising from ₹3.85 Crore in FY 2018-19 to ₹28.62 Crore in FY 2024-25.

HSN Code 72126000 Ranked #4396 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72126000 ranks #4396 out of 12657 HSN codes by total export value. Within Sub-Chapter 7212, it ranks #3 of 17. By trade surplus, it ranks #11336 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72126000 Exports

The strongest single-year export movement for HSN Code 72126000 was recorded in FY 2021-22, when exports surged by 142.53% over the prior year.

India Records a Trade Deficit of ₹206.81 Crore in HSN Code 72126000 Goods

In FY 2024-25, India's imports of ₹235.43 Cr exceeded exports of ₹28.62 Cr, resulting in a trade deficit of ₹206.81 Crore — ranking #11336 of 12657 by surplus magnitude.

Import Growth of 19.80% CAGR Signals Rising Demand for Clad Steel

India's imports under HSN Code 72126000 have grown at 19.80% CAGR, reaching ₹235.43 Crore in FY 2024-25.

HSN Code 72126000 Contributes 12.52% of Sub-Chapter 7212 Exports — Ranked #3

Among the 17 HSN codes under Sub-Chapter 7212, HSN Code 72126000 ranks #3 by export value — accounting for 12.52% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 29.62% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72126000 and GST compliance.

What products are classified under HSN 72126000 ?

It includes Other, of free-cutting steel : Electrode quality

How much GST applies to Clad Steel?

Under HSN 72126000, Clad Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Clad Steel?

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 Clad Steel?

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

Do e‑way bill and e‑invoice apply for Clad Steel?

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 should mixed supplies be billed when Clad Steel is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Clad Steel; Nil for exempt items if applicable).

Any common misclassification issue with Clad Steel?

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.