Export Decline: −1.65% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7209 have declined at a compound annual rate of −1.65% over 7 fiscal years, falling from ₹2,792.56 Crore in FY 2018-19 to ₹2,527.13 Crore in FY 2024-25.
HSN Sub Chapter 7209 represents Flat-Rolled Iron Products under GST classification. This code helps businesses identify Flat-Rolled Iron Products correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7209, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Flat-Rolled Iron Products.
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GST Rate for Flat-Rolled Iron Products under HSN Code 7209. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Flat-Rolled Iron Products.
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of 3 mm or more : Plates
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of 3 mm or more : Sheets
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of 3 mm or more : Strip
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of 3 mm or more : Other
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) :Of a thickness exceeding 1 mm but less than 3 mm : Plates
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) :Of a thickness exceeding 1 mm but less than 3 mm : Sheets
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) :Of a thickness exceeding 1 mm but less than 3 mm : Strip
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) :Of a thickness exceeding 1 mm but less than 3 mm : Other
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of 0.5 mm or more but not exceeding 1 mm : Plates
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of 0.5 mm or more but not exceeding 1 mm : Sheets
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of 0.5 mm or more but not exceeding 1 mm : strip
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of 0.5 mm or more but not exceeding 1 mm : Other
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of less than 0.5 mm : Plates
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of less than 0.5 mm : sheets
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of less than 0.5 mm : Strip
Tariff HSN
Description
In coils, not further worked than cold-rolled (cold-reduced) : Of a thickness of less than 0.5 mm : Other
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of 3 mm or more : Plates
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of 3 mm or more : Sheets
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of 3 mm or more : Strip
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of 3 mm or more : Other
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness exceeding 1 mm but less than 3 mm : Plates
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness exceeding 1 mm but less than 3 mm :: Sheets
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness exceeding 1 mm but less than 3 mm : Strip
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness exceeding 1 mm but less than 3 mm : Other
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of 0.5 mm or more but not exceeding 1 mm : Plates
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of 0.5 mm or more but not exceeding 1 mm : Sheets
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of 0.5 mm or more but not exceeding 1 mm : Strip
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of 0.5 mm or more but not exceeding 1 mm : Other
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of less than 0.5 mm : Plates
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of less than 0.5 mm : Sheets
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of less than 0.5 mm : Strip
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Of a thickness of less than 0.5 mm : Other
Tariff HSN
Description
Not in coils, not further worked than coldrolled (cold-reduced) : Other
India’s Exports
FY 2024-25₹2,527 Cr
0.0682% of India’s total exports
India’s Imports
FY 2024-25₹1,871 Cr
0.0307% of India’s total imports
Trade Balance
FY 2024-25₹656 Cr
Surplus rank #229 of 1233 subchapters
% of Chapter 72
FY 2024-253.23%
Share of Chapter 72’s total exports in FY 2024-25
Import side: 1.27% of Chapter 72’s imports
Rank Within Chapter 72
FY 2024-25#9 of 29
Position by export value among subchapters in Chapter 72
Import-side rank: #9 of 29
At a glance
−1.65%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#229
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+288.25%
Peak Growth Year
FY 2021-22 · strongest single-year move
3.23%
Contribution to Ch. 72
Share of Chapter 72 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−216.93
Exports
2,792.56 ₹ Cr
0.1217% share
— YoY
4.10% of Ch. 72
Imports
3,009.49 ₹ Cr
0.0838% share
— YoY
3.42% of Ch. 72
Balance
+228.98
Exports
2,167.35 ₹ Cr
0.0981% share
−22.39% YoY
3.30% of Ch. 72
Imports
1,938.37 ₹ Cr
0.0578% share
−35.59% YoY
2.56% of Ch. 72
Balance
+988.67
Exports
2,129.30 ₹ Cr
0.0990% share
−1.76% YoY
2.37% of Ch. 72
Imports
1,140.63 ₹ Cr
0.0391% share
−41.16% YoY
1.86% of Ch. 72
Balance
+6,388.88
Exports
8,267.06 ₹ Cr
0.2634% share
+288.25% YoY
4.85% of Ch. 72
Imports
1,878.18 ₹ Cr
0.0411% share
+64.66% YoY
2.00% of Ch. 72
Balance
−620.74
Exports
2,297.94 ₹ Cr
0.0635% share
−72.20% YoY
2.15% of Ch. 72
Imports
2,918.68 ₹ Cr
0.0508% share
+55.40% YoY
2.04% of Ch. 72
Balance
+1,132.42
Exports
3,321.70 ₹ Cr
0.0918% share
+44.55% YoY
3.39% of Ch. 72
Imports
2,189.28 ₹ Cr
0.0390% share
−24.99% YoY
1.42% of Ch. 72
Balance
+655.68
Exports
2,527.13 ₹ Cr
0.0682% share
−23.92% YoY
3.23% of Ch. 72
Imports
1,871.45 ₹ Cr
0.0307% share
−14.52% YoY
1.27% of Ch. 72
CAGR · 7-Year
Exports
−1.65% /yr
Imports
−7.61% /yr
reference, FY 2024-25
Export
₹78,223.76 Cr
Import
₹1,47,109.35 Cr
Trade Balance
−68,885.59
India's exports under HSN Sub-Chapter 7209 have declined at a compound annual rate of −1.65% over 7 fiscal years, falling from ₹2,792.56 Crore in FY 2018-19 to ₹2,527.13 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7209 ranks #229 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #9 of 29. By trade surplus, it ranks #229 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7209 was recorded in FY 2021-22, when exports surged by 288.25% over the prior year.
In FY 2024-25, India's exports of ₹2,527.13 Cr exceeded imports of ₹1,871.45 Cr, resulting in a trade surplus of ₹655.68 Crore — ranking #229 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7209 have grown at −7.61% CAGR, reaching ₹1,871.45 Crore in FY 2024-25.
Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7209 ranks #9 by export value — accounting for 3.23% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.27% share (rank #9).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 7209 and GST compliance.
It includes Flat-Rolled Iron Products
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.
Use a delivery challan for sending Flat-Rolled Iron Products 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.
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.
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.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.