---
title: "7201 HSN Code | HSN Code for Pig iron in India"
description: "Know more about 7201 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7201 covering Pig iron."
canonical: "https://busy.in/hsn/sub-chapter-7201/"
---

# HSN Sub-chapter 7201: Pig iron

Pig iron and spiegeleisen in pigs, blocks or other primary forms

Part of [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/).

- Current GST rate: 3%
- Earlier GST rate: 3%

## HSN codes

| Code | Title |
| --- | --- |
| 72011000 | [Pig Iron and Iron Ore](https://busy.in/hsn/hsn-72011000/) |
| 72012000 | [Non-alloyed Pig Iron](https://busy.in/hsn/hsn-72012000/) |
| 72015010 | [Ferroalloys: Silico Manganese](https://busy.in/hsn/hsn-72015010/) |
| 72015090 | [Other Ferroalloys](https://busy.in/hsn/hsn-72015090/) |

## Frequently asked questions

### What products are classified under HSN 7201

It includes Pig iron

### How should I document Pig iron sent for job work?

Use a delivery challan for sending Pig iron to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

### Does MRP, weight or pack size change GST treatment for Pig iron?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

### Any import/export nuance for Pig iron?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

### How are warranty replacements of Pig iron handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

### What should my invoice and records include for Pig iron?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

### Do spares or accessories of Pig iron follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

## India's trade performance: HSN Sub-Chapter 7201 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹977 Cr (−33.19% YoY) — 0.0264% of India's total exports
- Imports: ₹1,114 Cr (−5.18% YoY) — 0.0183% of India's total imports
- Trade balance: −₹136 Cr (Deficit); surplus rank #747 of 1233 sub-chapters
- Share of Chapter 72: 1.25% of its exports; import side 0.76%
- Rank within Chapter 72: #15 of 29 by export value; import-side #15

### Key metrics

- Export CAGR: 2.88% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #394 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +207.11% in FY 2020-21
- Contribution to Ch. 72: 1.25% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7201

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 Ch. 72 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 72 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 824.11 | 0.0359% | — | 1.21% | 82.42 | 0.0023% | — | 0.09% | +741.69 | #323 |
| FY 2019-20 | 527.24 | 0.0239% | −36.02% | 0.80% | 57.32 | 0.0017% | −30.45% | 0.08% | +469.92 | #397 |
| FY 2020-21 | 1,619.20 | 0.0753% | +207.11% | 1.80% | 36.75 | 0.0013% | −35.89% | 0.06% | +1,582.45 | #219 |
| FY 2021-22 | 3,358.24 | 0.1070% | +107.40% | 1.97% | 63.68 | 0.0014% | +73.28% | 0.07% | +3,294.56 | #163 |
| FY 2022-23 | 2,734.83 | 0.0755% | −18.56% | 2.56% | 493.68 | 0.0086% | +675.25% | 0.35% | +2,241.15 | #193 |
| FY 2023-24 | 1,462.89 | 0.0404% | −46.51% | 1.49% | 1,174.57 | 0.0209% | +137.92% | 0.76% | +288.32 | #317 |
| FY 2024-25 | 977.33 | 0.0264% | −33.19% | 1.25% | 1,113.74 | 0.0183% | −5.18% | 0.76% | −136.41 | #394 |

- CAGR (7-year): exports 2.88%/yr, imports 54.33%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 7201 export-import analysis

### Consistent export growth: 2.88% CAGR over 7 years

India's exports under HSN Sub-Chapter 7201 have grown at a compound annual rate of 2.88% over 7 fiscal years, rising from ₹824.11 Crore in FY 2018-19 to ₹977.33 Crore in FY 2024-25.

### HSN Sub-Chapter 7201 ranked #394 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7201 ranks #394 out of 1233 sub-chapters by total export value. Within Chapter 72, it ranks #15 of 29. By trade surplus, it ranks #747 of 1233.

### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 7201 exports

The strongest single-year export movement for HSN Sub-Chapter 7201 was recorded in FY 2020-21, when exports surged by 207.11% over the prior year.

### India records a trade deficit of ₹136.41 Crore in HSN Sub-Chapter 7201 goods

In FY 2024-25, India's imports of ₹1,113.74 Cr exceeded exports of ₹977.33 Cr, resulting in a trade deficit of ₹136.41 Crore — ranking #747 of 1233 by surplus magnitude.

### Import growth of 54.33% CAGR signals rising demand for Pig iron

India's imports under HSN Sub-Chapter 7201 have grown at 54.33% CAGR, reaching ₹1,113.74 Crore in FY 2024-25.

### HSN Sub-Chapter 7201 contributes 1.25% of Chapter 72 exports — ranked #15

Among the 29 sub-chapters under Chapter 72, HSN Sub-Chapter 7201 ranks #15 by export value — accounting for 1.25% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.76% share (rank #15).

## Related Sub-Chapters in Chapter 72

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7202: Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) | ₹21,917 Cr |
| #2 | [HSN Sub-Chapter 7222: Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) | ₹9,436 Cr |
| #3 | [HSN Sub-Chapter 7210: Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) | ₹8,733 Cr |
| #4 | [HSN Sub-Chapter 7208: Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) | ₹6,913 Cr |
| #5 | [HSN Sub-Chapter 7219: Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) | ₹4,569 Cr |
| #6 | [HSN Sub-Chapter 7203: Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) | ₹4,077 Cr |
| #7 | [HSN Sub-Chapter 7223: Wire of stainless steel](https://busy.in/hsn/sub-chapter-7223/) | ₹3,561 Cr |
| #8 | [HSN Sub-Chapter 7207: Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) | ₹3,154 Cr |
| #9 | [HSN Sub-Chapter 7209: Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) | ₹2,527 Cr |
| #10 | [HSN Sub-Chapter 7224: Other alloy steel products](https://busy.in/hsn/sub-chapter-7224/) | ₹1,500 Cr |
| #15 | HSN Sub-Chapter 7201: Pig iron (this hsn sub-chapter) | ₹977 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7202 | [Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) |
| 7203 | [Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) |
| 7204 | [Ferrous scrap](https://busy.in/hsn/sub-chapter-7204/) |
| 7205 | [Iron Powders](https://busy.in/hsn/sub-chapter-7205/) |
| 7206 | [Primary Iron & Steel](https://busy.in/hsn/sub-chapter-7206/) |
| 7207 | [Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) |
| 7208 | [Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) |
| 7209 | [Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) |
| 7210 | [Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) |
| 7211 | [Flat-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7211/) |
| 7212 | [Flat Iron & Steel](https://busy.in/hsn/sub-chapter-7212/) |
| 7213 | [Wood pulp products](https://busy.in/hsn/sub-chapter-7213/) |
| 7214 | [Iron or steel rods and bars](https://busy.in/hsn/sub-chapter-7214/) |
| 7215 | [Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7215/) |
| 7216 | [Iron anchors and grapnels](https://busy.in/hsn/sub-chapter-7216/) |
| 7217 | [Iron/non-alloy steel wire](https://busy.in/hsn/sub-chapter-7217/) |
| 7218 | [Stainless steel products](https://busy.in/hsn/sub-chapter-7218/) |
| 7219 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) |
| 7220 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7220/) |
| 7221 | [Stainless steel bars and rods](https://busy.in/hsn/sub-chapter-7221/) |
| 7222 | [Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) |
| 7223 | [Wire of stainless steel](https://busy.in/hsn/sub-chapter-7223/) |
| 7224 | [Other alloy steel products](https://busy.in/hsn/sub-chapter-7224/) |
| 7225 | [Alloy steel flat products](https://busy.in/hsn/sub-chapter-7225/) |
| 7226 | [Hot-rolled alloy steel](https://busy.in/hsn/sub-chapter-7226/) |
| 7227 | [Aluminum fittings](https://busy.in/hsn/sub-chapter-7227/) |
| 7228 | [Alloy Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7228/) |
| 7229 | [Alloy Steel Wire](https://busy.in/hsn/sub-chapter-7229/) |