7202 HSN Code: Ferro-alloys

HSN Sub Chapter 7202 represents Ferro-alloys under GST classification. This code helps businesses identify Ferro-alloys correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7202, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Ferro-alloys.

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New GST Rate for HSN Code 7202

GST Rate for Ferro-alloys under HSN Code 7202. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

72

HSN Code

7202

HSN Description

Ferro-alloys

New GST Rate

3 %
Essential

Old GST Rate

3 %

Tariff HSN Codes under HSN Sub Chapter 7202

Following tariff HSN codes fall under Ferro-alloys.

Tariff HSN

72021100

Description

Ferro-manganese : Containing by weight more than 2% of carbon

Tariff HSN

72021900

Description

Ferro-manganese : Other

Tariff HSN

72022100

Description

Ferro-silicon : Containing by weight more than 55% of silicon

Tariff HSN

72022900

Description

Ferro-silicon : Other

Tariff HSN

72023000

Description

Ferro-silico-manganese

Tariff HSN

72024100

Description

Ferro-chromium : Containing by weight more than 4% of carbon

Tariff HSN

72024900

Description

Ferro-chromium : Other

Tariff HSN

72025000

Description

Ferro-silico-chromium

Tariff HSN

72026000

Description

Ferro-nickel

Tariff HSN

72027000

Description

Ferro-molybdenum

Tariff HSN

72028000

Description

Ferro tungsten and ferro-silico-tungsten

Tariff HSN

72029100

Description

Other : Ferro-titanium and Ferro-silico-titanium

Tariff HSN

72029200

Description

Other : Ferro-vanadium

Tariff HSN

72029300

Description

Other : Ferro-niobium

Tariff HSN

72029911

Description

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-phosphorus

Tariff HSN

72029912

Description

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-selenium

Tariff HSN

72029913

Description

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-cobalt

Tariff HSN

72029914

Description

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-columbium

Tariff HSN

72029915

Description

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-zirconium

Tariff HSN

72029916

Description

Other : Other : Ferro-phosphorus, Ferro-selenium, Ferrocobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum : Ferro-tantalum

Tariff HSN

72029921

Description

Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-zirconium

Tariff HSN

72029922

Description

Other : Other : Ferro-silico-zirconium, Ferro-silico-magnesium : Ferro-silico-magnesium

Tariff HSN

72029931

Description

Other : Other : Ferro-boron, charge-chrome : Ferro-boron

Tariff HSN

72029932

Description

Other : Other : Ferro-boron, charge-chrome : Charge-chrome

Tariff HSN

72029990

Description

Other : Other : Ferro-boron, charge-chrome : Other

India’s Trade Performance — HSN Sub-Chapter 7202 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

₹21,917 Cr

−7.27% vs FY 2023-24

0.5918% of India’s total exports

India’s Imports

FY 2024-25

₹9,296 Cr

+6.17% vs FY 2023-24

0.1524% of India’s total imports

Trade Balance

FY 2024-25

₹12,621 Cr

Trade Surplus

Surplus rank #22 of 1233 subchapters

% of Chapter 72

FY 2024-25

28.02%

Share of Chapter 72’s total exports in FY 2024-25

Import side: 6.32% of Chapter 72’s imports

Rank Within Chapter 72

FY 2024-25

#1 of 29

Position by export value among subchapters in Chapter 72

Import-side rank: #6 of 29

At a glance

6.57%

Export CAGR

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

#21

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+112.35%

Peak Growth Year

FY 2021-22 · strongest single-year move

28.02%

Contribution to Ch. 72

Share of Chapter 72 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #21

Balance

+7,388.85

Exports

14,962.27 ₹ Cr

0.6519% share

— YoY

21.98% of Ch. 72

Imports

7,573.42 ₹ Cr

0.2109% share

— YoY

8.61% of Ch. 72

FY 2019-20 Exp. Rank #29

Balance

+5,466.86

Exports

11,810.07 ₹ Cr

0.5347% share

−21.07% YoY

17.96% of Ch. 72

Imports

6,343.21 ₹ Cr

0.1891% share

−16.24% YoY

8.36% of Ch. 72

FY 2020-21 Exp. Rank #30

Balance

+7,241.60

Exports

12,773.51 ₹ Cr

0.5939% share

+8.16% YoY

14.20% of Ch. 72

Imports

5,531.91 ₹ Cr

0.1898% share

−12.79% YoY

9.03% of Ch. 72

FY 2021-22 Exp. Rank #17

Balance

+14,790.15

Exports

27,124.65 ₹ Cr

0.8643% share

+112.35% YoY

15.90% of Ch. 72

Imports

12,334.50 ₹ Cr

0.2699% share

+122.97% YoY

13.11% of Ch. 72

FY 2022-23 Exp. Rank #14

Balance

+17,143.18

Exports

26,948.22 ₹ Cr

0.7443% share

−0.65% YoY

25.20% of Ch. 72

Imports

9,805.04 ₹ Cr

0.1705% share

−20.51% YoY

6.86% of Ch. 72

FY 2023-24 Exp. Rank #18

Balance

+14,880.16

Exports

23,636.23 ₹ Cr

0.6533% share

−12.29% YoY

24.09% of Ch. 72

Imports

8,756.07 ₹ Cr

0.1559% share

−10.70% YoY

5.67% of Ch. 72

FY 2024-25 Exp. Rank #21

Balance

+12,621.16

Exports

21,917.07 ₹ Cr

0.5918% share

−7.27% YoY

28.02% of Ch. 72

Imports

9,295.91 ₹ Cr

0.1524% share

+6.17% YoY

6.32% of Ch. 72

CAGR · 7-Year

Exports

6.57% /yr

Imports

3.47% /yr

Consistently Surplus
Chapter 72 total

reference, FY 2024-25

Export

₹78,223.76 Cr

Import

₹1,47,109.35 Cr

Trade Balance

−68,885.59

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

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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7202 ranks #21 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7202 and GST compliance.

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.

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.

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