---
title: "7206 HSN Code | HSN Code for Primary Iron & Steel in India"
description: "Know more about 7206 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7206 covering Primary Iron & Steel."
canonical: "https://busy.in/hsn/sub-chapter-7206/"
---

# HSN Sub-chapter 7206: Primary Iron & Steel

Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203)

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

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 72061010 | [Ferroalloys: Ferromanganese](https://busy.in/hsn/hsn-72061010/) |
| 72061020 | [Ferroalloys: Silicomanganese](https://busy.in/hsn/hsn-72061020/) |
| 72061090 | [Other Ferroalloys](https://busy.in/hsn/hsn-72061090/) |
| 72069011 | [Ferro-Chromium Alloys](https://busy.in/hsn/hsn-72069011/) |
| 72069012 | [Charge-Chrome Ferro-Boron](https://busy.in/hsn/hsn-72069012/) |
| 72069019 | [Other Ferro-Boron Alloys](https://busy.in/hsn/hsn-72069019/) |
| 72069091 | [Ferro-Nickel Alloys](https://busy.in/hsn/hsn-72069091/) |
| 72069092 | [Ferro-Nickel with Cobalt](https://busy.in/hsn/hsn-72069092/) |
| 72069099 | [Other Ferro-Nickel Alloys](https://busy.in/hsn/hsn-72069099/) |

## Frequently asked questions

### What products are classified under HSN 7206

It includes Primary Iron & Steel

### Any special steps when selling Primary Iron & Steel through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

### How are warranty replacements of Primary Iron & Steel 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 misclassification mistakes happen with Primary Iron & Steel?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

### Is the composition scheme suitable if I mainly trade Primary Iron & Steel?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

### If I repair and return Primary Iron & Steel, 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.

## India's trade performance: HSN Sub-Chapter 7206 (FY 2024-25)

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

- Exports: ₹1,473 Cr (−2.48% YoY) — 0.0398% of India's total exports
- Imports: ₹103 Cr (+49.22% YoY) — 0.0017% of India's total imports
- Trade balance: ₹1,370 Cr (Surplus); surplus rank #161 of 1233 sub-chapters
- Share of Chapter 72: 1.88% of its exports; import side 0.07%
- Rank within Chapter 72: #11 of 29 by export value; import-side #29

### Key metrics

- Export CAGR: 189.94% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #320 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +36,773.91% in FY 2021-22
- Contribution to Ch. 72: 1.88% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7206

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 | 2.48 | 0.0001% | — | 0.00% | 112.82 | 0.0031% | — | 0.13% | −110.34 | #1096 |
| FY 2019-20 | 2.24 | 0.0001% | −9.68% | 0.00% | 119.64 | 0.0036% | +6.05% | 0.16% | −117.40 | #1092 |
| FY 2020-21 | 2.07 | 0.0001% | −7.59% | 0.00% | 86.17 | 0.0030% | −27.98% | 0.14% | −84.10 | #1096 |
| FY 2021-22 | 763.29 | 0.0243% | +36,773.91% | 0.45% | 71.66 | 0.0016% | −16.84% | 0.08% | +691.63 | #397 |
| FY 2022-23 | 1,400.80 | 0.0387% | +83.52% | 1.31% | 68.35 | 0.0012% | −4.62% | 0.05% | +1,332.45 | #323 |
| FY 2023-24 | 1,510.83 | 0.0418% | +7.85% | 1.54% | 69.20 | 0.0012% | +1.24% | 0.04% | +1,441.63 | #306 |
| FY 2024-25 | 1,473.38 | 0.0398% | −2.48% | 1.88% | 103.26 | 0.0017% | +49.22% | 0.07% | +1,370.12 | #320 |

- CAGR (7-year): exports 189.94%/yr, imports -1.46%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 7206 export-import analysis

### Consistent export growth: 189.94% CAGR over 7 years

India's exports under HSN Sub-Chapter 7206 have grown at a compound annual rate of 189.94% over 7 fiscal years, rising from ₹2.48 Crore in FY 2018-19 to ₹1,473.38 Crore in FY 2024-25.

### HSN Sub-Chapter 7206 ranked #320 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7206 ranks #320 out of 1233 sub-chapters by total export value. Within Chapter 72, it ranks #11 of 29. By trade surplus, it ranks #161 of 1233.

### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 7206 exports

The strongest single-year export movement for HSN Sub-Chapter 7206 was recorded in FY 2021-22, when exports surged by 36,773.91% over the prior year.

### India maintains a trade surplus of ₹1,370.12 Crore in HSN Sub-Chapter 7206 goods

In FY 2024-25, India's exports of ₹1,473.38 Cr exceeded imports of ₹103.26 Cr, resulting in a trade surplus of ₹1,370.12 Crore — ranking #161 of 1233 by surplus magnitude.

### Import growth of -1.46% CAGR signals stable import dependency for Primary Iron & Steel

India's imports under HSN Sub-Chapter 7206 have grown at -1.46% CAGR, reaching ₹103.26 Crore in FY 2024-25.

### HSN Sub-Chapter 7206 contributes 1.88% of Chapter 72 exports — ranked #11

Among the 29 sub-chapters under Chapter 72, HSN Sub-Chapter 7206 ranks #11 by export value — accounting for 1.88% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.07% share (rank #29).

## 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 |
| #11 | HSN Sub-Chapter 7206: Primary Iron & Steel (this hsn sub-chapter) | ₹1,473 Cr |

## Other sub-chapters

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