---
title: "7202 HSN Code | HSN Code for Ferro-alloys in India"
description: "Know more about 7202 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7202 covering Ferro-alloys."
canonical: "https://busy.in/hsn/sub-chapter-7202/"
---

# HSN Sub-chapter 7202: Ferro-alloys

Ferro-alloys

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

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

## HSN codes

| Code | Title |
| --- | --- |
| 72021100 | [Non-Alloyed Hot-Rolled Iron](https://busy.in/hsn/hsn-72021100/) |
| 72021900 | [Alloy Hot-Rolled Iron](https://busy.in/hsn/hsn-72021900/) |
| 72022100 | [Non-Alloyed Cold-Rolled Iron](https://busy.in/hsn/hsn-72022100/) |
| 72022900 | [Alloy Cold-Rolled Iron](https://busy.in/hsn/hsn-72022900/) |
| 72023000 | [Iron Tubes and Pipes](https://busy.in/hsn/hsn-72023000/) |
| 72024100 | [Tubes and Pipes of Cast Iron](https://busy.in/hsn/hsn-72024100/) |
| 72024900 | [Other Cast Iron Tubes and Pipes](https://busy.in/hsn/hsn-72024900/) |
| 72025000 | [Other Cast Iron Articles](https://busy.in/hsn/hsn-72025000/) |
| 72026000 | [Flat-Rolled Iron and Steel](https://busy.in/hsn/hsn-72026000/) |
| 72027000 | [Other Flat-Rolled Iron and Steel](https://busy.in/hsn/hsn-72027000/) |
| 72028000 | [Hot-Rolled Flat Iron and Steel](https://busy.in/hsn/hsn-72028000/) |
| 72029100 | [Cold-Rolled Flat Iron and Steel](https://busy.in/hsn/hsn-72029100/) |
| 72029200 | [Other Cold-Rolled Flat Iron and Steel](https://busy.in/hsn/hsn-72029200/) |
| 72029300 | [Alloy Cold-Rolled Flat Iron and Steel](https://busy.in/hsn/hsn-72029300/) |
| 72029911 | [Hot-Rolled Steel Coil - Non Alloy](https://busy.in/hsn/hsn-72029911/) |
| 72029912 | [Hot-Rolled Steel Coil - Alloy](https://busy.in/hsn/hsn-72029912/) |
| 72029913 | [Cold-Rolled Steel Coil - Non Alloy](https://busy.in/hsn/hsn-72029913/) |
| 72029914 | [Cold-Rolled Steel Coil - Alloy](https://busy.in/hsn/hsn-72029914/) |
| 72029915 | [Hot-Rolled Steel Strip - Non Alloy](https://busy.in/hsn/hsn-72029915/) |
| 72029916 | [Hot-Rolled Steel Strip - Alloy](https://busy.in/hsn/hsn-72029916/) |
| 72029921 | [Cold-Rolled Steel Strip - Non Alloy](https://busy.in/hsn/hsn-72029921/) |
| 72029922 | [Cold-Rolled Steel Strip - Alloy](https://busy.in/hsn/hsn-72029922/) |
| 72029931 | [Other Cold-Rolled Steel Strip](https://busy.in/hsn/hsn-72029931/) |
| 72029932 | [Charge-Chrome Ferro-Boron Alloy](https://busy.in/hsn/hsn-72029932/) |
| 72029990 | [Ferro-Boron Alloy](https://busy.in/hsn/hsn-72029990/) |

## Frequently asked questions

### What products are classified under HSN 7202

It includes Ferro-alloys

### Can I claim ITC on inputs and services used for Ferro-alloys?

If your outward supply of Ferro-alloys is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

### Does MRP, weight or pack size change GST treatment for Ferro-alloys?

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.

### Do spares or accessories of Ferro-alloys 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.

### If I repair and return Ferro-alloys, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

### Any import/export nuance for Ferro-alloys?

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.

## India's trade performance: HSN Sub-Chapter 7202 (FY 2024-25)

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

- Exports: ₹21,917 Cr (−7.27% YoY) — 0.5918% of India's total exports
- Imports: ₹9,296 Cr (+6.17% YoY) — 0.1524% of India's total imports
- Trade balance: ₹12,621 Cr (Surplus); surplus rank #22 of 1233 sub-chapters
- Share of Chapter 72: 28.02% of its exports; import side 6.32%
- Rank within Chapter 72: #1 of 29 by export value; import-side #6

### Key metrics

- Export CAGR: 6.57% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #21 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +112.35% in FY 2021-22
- Contribution to Ch. 72: 28.02% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7202

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 | 14,962.27 | 0.6519% | — | 21.98% | 7,573.42 | 0.2109% | — | 8.61% | +7,388.85 | #21 |
| FY 2019-20 | 11,810.07 | 0.5347% | −21.07% | 17.96% | 6,343.21 | 0.1891% | −16.24% | 8.36% | +5,466.86 | #29 |
| FY 2020-21 | 12,773.51 | 0.5939% | +8.16% | 14.20% | 5,531.91 | 0.1898% | −12.79% | 9.03% | +7,241.60 | #30 |
| FY 2021-22 | 27,124.65 | 0.8643% | +112.35% | 15.90% | 12,334.50 | 0.2699% | +122.97% | 13.11% | +14,790.15 | #17 |
| FY 2022-23 | 26,948.22 | 0.7443% | −0.65% | 25.20% | 9,805.04 | 0.1705% | −20.51% | 6.86% | +17,143.18 | #14 |
| FY 2023-24 | 23,636.23 | 0.6533% | −12.29% | 24.09% | 8,756.07 | 0.1559% | −10.70% | 5.67% | +14,880.16 | #18 |
| FY 2024-25 | 21,917.07 | 0.5918% | −7.27% | 28.02% | 9,295.91 | 0.1524% | +6.17% | 6.32% | +12,621.16 | #21 |

- CAGR (7-year): exports 6.57%/yr, imports 3.47%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 7202 export-import analysis

### Consistent export growth: 6.57% CAGR over 7 years

India's exports under HSN Sub-Chapter 7202 have grown at a compound annual rate of 6.57% over 7 fiscal years, rising from ₹14,962.27 Crore in FY 2018-19 to ₹21,917.07 Crore in FY 2024-25.

### HSN Sub-Chapter 7202 ranked #21 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7202 ranks #21 out of 1233 sub-chapters by total export value. Within Chapter 72, it ranks #1 of 29. By trade surplus, it ranks #22 of 1233.

### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 7202 exports

The strongest single-year export movement for HSN Sub-Chapter 7202 was recorded in FY 2021-22, when exports surged by 112.35% over the prior year.

### India maintains a trade surplus of ₹12,621.16 Crore in HSN Sub-Chapter 7202 goods

In FY 2024-25, India's exports of ₹21,917.07 Cr exceeded imports of ₹9,295.91 Cr, resulting in a trade surplus of ₹12,621.16 Crore — ranking #22 of 1233 by surplus magnitude.

### Import growth of 3.47% CAGR signals stable import dependency for Ferro-alloys

India's imports under HSN Sub-Chapter 7202 have grown at 3.47% CAGR, reaching ₹9,295.91 Crore in FY 2024-25.

### HSN Sub-Chapter 7202 contributes 28.02% of Chapter 72 exports — ranked #1

Among the 29 sub-chapters under Chapter 72, HSN Sub-Chapter 7202 ranks #1 by export value — accounting for 28.02% of the chapter's total exports in FY 2024-25. On the import side, it holds 6.32% share (rank #6).

## 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 (this hsn sub-chapter) | ₹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 |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7201 | [Pig iron](https://busy.in/hsn/sub-chapter-7201/) |
| 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/) |