7212 HSN Code: Flat Iron & Steel

HSN Sub Chapter 7212 represents Flat Iron & Steel under GST classification. This code helps businesses identify Flat Iron & Steel correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7212, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Flat Iron & Steel.

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New GST Rate for HSN Code 7212

GST Rate for Flat Iron & Steel under HSN Code 7212. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

72

HSN Code

7212

HSN Description

Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7212

Following tariff HSN codes fall under Flat Iron & Steel.

Tariff HSN

72121010

Description

Plated or coated with tin : OTS or MR type

Tariff HSN

72121090

Description

Plated or coated with tin : Other

Tariff HSN

72122010

Description

Electrolytically plated or coated with zinc : Corrugated

Tariff HSN

72122090

Description

Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated - electrolytically plated or coated with zinc : other

Tariff HSN

72122091

Description

Electrolytically plated or coated with zinc : Other :Galvannealed

Tariff HSN

72122099

Description

Electrolytically plated or coated with zinc : Other: Other

Tariff HSN

72123010

Description

Otherwise plated or coated with zinc : Corrugated

Tariff HSN

72123090

Description

Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated - otherwise plated or coated with zinc : other

Tariff HSN

72123091

Description

Otherwise plated or coated with zinc : Other :Galvannealed

Tariff HSN

72123099

Description

Otherwise plated or coated with zinc : Other :Other

Tariff HSN

72124000

Description

Painted, varnished or coated with plastics

Tariff HSN

72125010

Description

Otherwise plated or coated : Plated or coated with lead

Tariff HSN

72125020

Description

Otherwise plated or coated : Lacquered

Tariff HSN

72125030

Description

Otherwise plated or coated : Plated or coated with aluminium

Tariff HSN

72125040

Description

Otherwise plated or coated : plated or coated with aluminium-zinc alloys

Tariff HSN

72125090

Description

Otherwise plated or coated : Other

Tariff HSN

72126000

Description

Clad

India’s Trade Performance — HSN Sub-Chapter 7212 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

₹229 Cr

−7.38% vs FY 2023-24

0.0062% of India’s total exports

India’s Imports

FY 2024-25

₹795 Cr

+2.79% vs FY 2023-24

0.0130% of India’s total imports

Trade Balance

FY 2024-25

−₹566 Cr

Trade Deficit

Surplus rank #883 of 1233 subchapters

% of Chapter 72

FY 2024-25

0.29%

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

Import side: 0.54% of Chapter 72’s imports

Rank Within Chapter 72

FY 2024-25

#25 of 29

Position by export value among subchapters in Chapter 72

Import-side rank: #18 of 29

At a glance

4.26%

Export CAGR

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

#676

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+166.19%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.29%

Contribution to Ch. 72

Share of Chapter 72 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7212

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 #622

Balance

−408.58

Exports

178.05 ₹ Cr

0.0078% share

— YoY

0.26% of Ch. 72

Imports

586.63 ₹ Cr

0.0163% share

— YoY

0.67% of Ch. 72

FY 2019-20 Exp. Rank #599

Balance

−256.00

Exports

194.21 ₹ Cr

0.0088% share

+9.08% YoY

0.30% of Ch. 72

Imports

450.21 ₹ Cr

0.0134% share

−23.25% YoY

0.59% of Ch. 72

FY 2020-21 Exp. Rank #616

Balance

−291.54

Exports

185.50 ₹ Cr

0.0086% share

−4.48% YoY

0.21% of Ch. 72

Imports

477.04 ₹ Cr

0.0164% share

+5.96% YoY

0.78% of Ch. 72

FY 2021-22 Exp. Rank #481

Balance

−121.08

Exports

493.78 ₹ Cr

0.0157% share

+166.19% YoY

0.29% of Ch. 72

Imports

614.86 ₹ Cr

0.0135% share

+28.89% YoY

0.65% of Ch. 72

FY 2022-23 Exp. Rank #653

Balance

−499.67

Exports

244.80 ₹ Cr

0.0068% share

−50.42% YoY

0.23% of Ch. 72

Imports

744.47 ₹ Cr

0.0129% share

+21.08% YoY

0.52% of Ch. 72

FY 2023-24 Exp. Rank #651

Balance

−526.48

Exports

246.88 ₹ Cr

0.0068% share

+0.85% YoY

0.25% of Ch. 72

Imports

773.36 ₹ Cr

0.0138% share

+3.88% YoY

0.50% of Ch. 72

FY 2024-25 Exp. Rank #676

Balance

−566.31

Exports

228.66 ₹ Cr

0.0062% share

−7.38% YoY

0.29% of Ch. 72

Imports

794.97 ₹ Cr

0.0130% share

+2.79% YoY

0.54% of Ch. 72

CAGR · 7-Year

Exports

4.26% /yr

Imports

5.20% /yr

Consistently Deficit
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 7212 Export-Import Analysis

Consistent Export Growth: 4.26% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7212 have grown at a compound annual rate of 4.26% over 7 fiscal years, rising from ₹178.05 Crore in FY 2018-19 to ₹228.66 Crore in FY 2024-25.

HSN Sub-Chapter 7212 Ranked #676 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7212 ranks #676 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #25 of 29. By trade surplus, it ranks #883 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7212 Exports

The strongest single-year export movement for HSN Sub-Chapter 7212 was recorded in FY 2021-22, when exports surged by 166.19% over the prior year.

India Records a Trade Deficit of ₹566.31 Crore in HSN Sub-Chapter 7212 Goods

In FY 2024-25, India's imports of ₹794.97 Cr exceeded exports of ₹228.66 Cr, resulting in a trade deficit of ₹566.31 Crore — ranking #883 of 1233 by surplus magnitude.

Import Growth of 5.20% CAGR Signals Stable Import Dependency for Flat Iron & Steel

India's imports under HSN Sub-Chapter 7212 have grown at 5.20% CAGR, reaching ₹794.97 Crore in FY 2024-25.

HSN Sub-Chapter 7212 Contributes 0.29% of Chapter 72 Exports — Ranked #25

Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7212 ranks #25 by export value — accounting for 0.29% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.54% share (rank #18).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7212 and GST compliance.

What products are classified under HSN 7212

It includes Flat Iron & Steel

Do spares or accessories of Flat Iron & Steel follow the same HSN?

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.

Does MRP, weight or pack size change GST treatment for Flat Iron & 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.

Is the composition scheme suitable if I mainly trade Flat 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.

Any import/export nuance for Flat Iron & 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.

How should I document Flat Iron & Steel sent for job work?

Use a delivery challan for sending Flat Iron & 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.

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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