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

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).

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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.

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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