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7207 HSN Code: Semi-finished Steel

HSN Sub Chapter 7207 represents Semi-finished Steel under GST classification. This code helps businesses identify Semi-finished Steel correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7207, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Semi-finished Steel.

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New GST Rate for HSN Code 7207

GST Rate for Semi-finished Steel under HSN Code 7207. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

72

HSN Code

7207

HSN Description

Semi-finished products of iron or non-alloy steel

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7207

Following tariff HSN codes fall under Semi-finished Steel.

Tariff HSN

72071110

Description

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Electrical quality

Tariff HSN

72071120

Description

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Forging quality

Tariff HSN

72071130

Description

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Seamless steel tube quality

Tariff HSN

72071190

Description

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Other

Tariff HSN

72071210

Description

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Electrical quality

Tariff HSN

72071220

Description

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Forging quality

Tariff HSN

72071230

Description

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Seamless steel tube quality

Tariff HSN

72071290

Description

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Other

Tariff HSN

72071910

Description

Containing by weight less than 0.20% of carbon : Other : Forged blanks of non-alloy steel

Tariff HSN

72071920

Description

Containing by weight less than 0.20% of carbon : Other : Mild steel billets

Tariff HSN

72071990

Description

Containing by weight less than 0.20% of carbon : Other : Other

Tariff HSN

72072010

Description

Containing by weight 0.20% or more of carbon : Forging quality

Tariff HSN

72072020

Description

Containing by weight 0.20% or more of carbon : Spring steel quality

Tariff HSN

72072030

Description

Containing by weight 0.20% or more of carbon : Seamless steel tube quality

Tariff HSN

72072090

Description

Containing by weight 0.20% or more of carbon : Other

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India’s Trade Performance — HSN Sub-Chapter 7207 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

₹3,154 Cr

−20.59% vs FY 2023-24

0.0852% of India’s total exports

India’s Imports

FY 2024-25

₹1,118 Cr

−44.90% vs FY 2023-24

0.0183% of India’s total imports

Trade Balance

FY 2024-25

₹2,036 Cr

Trade Surplus

Surplus rank #130 of 1233 subchapters

% of Chapter 72

FY 2024-25

4.03%

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

Import side: 0.76% of Chapter 72’s imports

Rank Within Chapter 72

FY 2024-25

#8 of 29

Position by export value among subchapters in Chapter 72

Import-side rank: #14 of 29

At a glance

−13.90%

Export CAGR

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

#197

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+136.58%

Peak Growth Year

FY 2020-21 · strongest single-year move

4.03%

Contribution to Ch. 72

Share of Chapter 72 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7207

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 #50

Balance

+6,425.85

Exports

7,742.99 ₹ Cr

0.3373% share

— YoY

11.37% of Ch. 72

Imports

1,317.14 ₹ Cr

0.0367% share

— YoY

1.50% of Ch. 72

FY 2019-20 Exp. Rank #38

Balance

+8,024.76

Exports

8,411.23 ₹ Cr

0.3808% share

+8.63% YoY

12.79% of Ch. 72

Imports

386.47 ₹ Cr

0.0115% share

−70.66% YoY

0.51% of Ch. 72

FY 2020-21 Exp. Rank #20

Balance

+19,483.24

Exports

19,899.08 ₹ Cr

0.9252% share

+136.58% YoY

22.13% of Ch. 72

Imports

415.84 ₹ Cr

0.0143% share

+7.60% YoY

0.68% of Ch. 72

FY 2021-22 Exp. Rank #22

Balance

+21,868.14

Exports

21,968.51 ₹ Cr

0.7000% share

+10.40% YoY

12.88% of Ch. 72

Imports

100.37 ₹ Cr

0.0022% share

−75.86% YoY

0.11% of Ch. 72

FY 2022-23 Exp. Rank #84

Balance

+5,958.57

Exports

7,578.74 ₹ Cr

0.2093% share

−65.50% YoY

7.09% of Ch. 72

Imports

1,620.17 ₹ Cr

0.0282% share

+1,514.20% YoY

1.13% of Ch. 72

FY 2023-24 Exp. Rank #153

Balance

+1,942.42

Exports

3,971.34 ₹ Cr

0.1098% share

−47.60% YoY

4.05% of Ch. 72

Imports

2,028.92 ₹ Cr

0.0361% share

+25.23% YoY

1.31% of Ch. 72

FY 2024-25 Exp. Rank #197

Balance

+2,035.64

Exports

3,153.62 ₹ Cr

0.0852% share

−20.59% YoY

4.03% of Ch. 72

Imports

1,117.98 ₹ Cr

0.0183% share

−44.90% YoY

0.76% of Ch. 72

CAGR · 7-Year

Exports

−13.90% /yr

Imports

−2.70% /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 7207 Export-Import Analysis

Export Decline: −13.90% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7207 have declined at a compound annual rate of −13.90% over 7 fiscal years, falling from ₹7,742.99 Crore in FY 2018-19 to ₹3,153.62 Crore in FY 2024-25.

HSN Sub-Chapter 7207 Ranked #197 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7207 ranks #197 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #8 of 29. By trade surplus, it ranks #130 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 7207 Exports

The strongest single-year export movement for HSN Sub-Chapter 7207 was recorded in FY 2020-21, when exports surged by 136.58% over the prior year.

India Maintains a Trade Surplus of ₹2,035.64 Crore in HSN Sub-Chapter 7207 Goods

In FY 2024-25, India's exports of ₹3,153.62 Cr exceeded imports of ₹1,117.98 Cr, resulting in a trade surplus of ₹2,035.64 Crore — ranking #130 of 1233 by surplus magnitude.

Import Growth of −2.70% CAGR Signals Stable Import Dependency for Semi-finished Steel

India's imports under HSN Sub-Chapter 7207 have grown at −2.70% CAGR, reaching ₹1,117.98 Crore in FY 2024-25.

HSN Sub-Chapter 7207 Contributes 4.03% of Chapter 72 Exports — Ranked #8

Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7207 ranks #8 by export value — accounting for 4.03% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.76% share (rank #14).

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7207 and GST compliance.

What products are classified under HSN 7207

It includes Semi-finished Steel

Does packaging or branding change how GST applies to Semi-finished Steel?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Semi-finished Steel is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

Can reverse charge ever apply to transactions involving Semi-finished Steel?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Semi-finished Steel are forward charge. Check the current notifications for any special cases before deciding.

How should I document Semi-finished Steel sent for job work?

Use a delivery challan for sending Semi-finished Steel 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 Semi-finished Steel?

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 Semi-finished Steel?

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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