Export Decline: −2.65% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7211 have declined at a compound annual rate of −2.65% over 7 fiscal years, falling from ₹312.47 Crore in FY 2018-19 to ₹265.91 Crore in FY 2024-25.
HSN Sub Chapter 7211 represents Flat-rolled iron & steel products under GST classification. This code helps businesses identify Flat-rolled iron & steel products correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7211, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Flat-rolled iron & steel products.
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GST Rate for Flat-rolled iron & steel products under HSN Code 7211. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Flat-rolled iron & steel products.
Tariff HSN
Description
Not further worked than hot-rolled : Rolled on four faces or in a closed box pass, of a width exceeding 150 mm and a thickness of not less than 4 mm, not in coils and without patterns in relief
Tariff HSN
Description
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Flats
Tariff HSN
Description
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Universal plates
Tariff HSN
Description
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Hoops
Tariff HSN
Description
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Sheets
Tariff HSN
Description
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Strip
Tariff HSN
Description
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Skelp
Tariff HSN
Description
Not further worked than hot-rolled : Other, of a thickness of 4.75 mm or more : Other
Tariff HSN
Description
Not further worked than hot-rolled : Other : Flats
Tariff HSN
Description
Not further worked than hot-rolled : Other : Universal plates
Tariff HSN
Description
Not further worked than hot-rolled : Other : Hoops
Tariff HSN
Description
Not further worked than hot-rolled : Other : Sheets
Tariff HSN
Description
Not further worked than hot-rolled : Other : Strip
Tariff HSN
Description
Not further worked than hot-rolled : Other : Skelp
Tariff HSN
Description
Not further worked than hot-rolled : Other : Other
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Flats
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Universal plates
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Hoops
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Sheets
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Strip
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Containing by weight less than 0.20% of carbon: Other
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Other : Flats
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Other : Universal plates
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Other : Hoops
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Other : Sheets
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Other : Strip
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Other : Skelp
Tariff HSN
Description
Not further worked than cold-rolled (cold-reduced) : Other : Other
Tariff HSN
Description
Other : Universal plates : Of boiler quality
Tariff HSN
Description
Other : Universal plates : Of high tensile quality
Tariff HSN
Description
Other : Universal plates : Of ship building quality
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹266 Cr
0.0072% of India’s total exports
India’s Imports
FY 2024-25₹373 Cr
0.0061% of India’s total imports
Trade Balance
FY 2024-25−₹107 Cr
Surplus rank #730 of 1233 subchapters
% of Chapter 72
FY 2024-250.34%
Share of Chapter 72’s total exports in FY 2024-25
Import side: 0.25% of Chapter 72’s imports
Rank Within Chapter 72
FY 2024-25#24 of 29
Position by export value among subchapters in Chapter 72
Import-side rank: #21 of 29
At a glance
−2.65%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#647
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+189.79%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.34%
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
+60.22
Exports
312.47 ₹ Cr
0.0136% share
— YoY
0.46% of Ch. 72
Imports
252.25 ₹ Cr
0.0070% share
— YoY
0.29% of Ch. 72
Balance
+130.94
Exports
315.39 ₹ Cr
0.0143% share
+0.93% YoY
0.48% of Ch. 72
Imports
184.45 ₹ Cr
0.0055% share
−26.88% YoY
0.24% of Ch. 72
Balance
+233.80
Exports
429.51 ₹ Cr
0.0200% share
+36.18% YoY
0.48% of Ch. 72
Imports
195.71 ₹ Cr
0.0067% share
+6.10% YoY
0.32% of Ch. 72
Balance
+984.37
Exports
1,244.69 ₹ Cr
0.0397% share
+189.79% YoY
0.73% of Ch. 72
Imports
260.32 ₹ Cr
0.0057% share
+33.01% YoY
0.28% of Ch. 72
Balance
+182.47
Exports
518.87 ₹ Cr
0.0143% share
−58.31% YoY
0.49% of Ch. 72
Imports
336.40 ₹ Cr
0.0059% share
+29.23% YoY
0.24% of Ch. 72
Balance
+20.23
Exports
384.98 ₹ Cr
0.0106% share
−25.80% YoY
0.39% of Ch. 72
Imports
364.75 ₹ Cr
0.0065% share
+8.43% YoY
0.24% of Ch. 72
Balance
−107.24
Exports
265.91 ₹ Cr
0.0072% share
−30.93% YoY
0.34% of Ch. 72
Imports
373.15 ₹ Cr
0.0061% share
+2.30% YoY
0.25% of Ch. 72
CAGR · 7-Year
Exports
−2.65% /yr
Imports
6.74% /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 7211 have declined at a compound annual rate of −2.65% over 7 fiscal years, falling from ₹312.47 Crore in FY 2018-19 to ₹265.91 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7211 ranks #647 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #24 of 29. By trade surplus, it ranks #730 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7211 was recorded in FY 2021-22, when exports surged by 189.79% over the prior year.
In FY 2024-25, India's imports of ₹373.15 Cr exceeded exports of ₹265.91 Cr, resulting in a trade deficit of ₹107.24 Crore — ranking #730 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7211 have grown at 6.74% CAGR, reaching ₹373.15 Crore in FY 2024-25.
Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7211 ranks #24 by export value — accounting for 0.34% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.25% share (rank #21).
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 7211 and GST compliance.
It includes Flat-rolled iron & steel products
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Flat-rolled iron & steel products 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.
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.
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Flat-rolled iron & steel products are forward charge. Check the current notifications for any special cases before deciding.