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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

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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).

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.

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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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