--- title: "HSN Code for Other Wire Rods of Alloy Steel | HSN 72071220 GST Rate" description: "Find HSN and GST Rates for 72071220 related to Other Wire Rods of Alloy Steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72071220/" --- # HSN Code 72071220: Other Wire Rods of Alloy Steel - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/) - [Sub-chapter 7207: Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Forging quality | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72071220 ? It includes Bars and Rods of Non-Alloy Hot-Rolled Iron ### Does packaging or labelling change the GST for Other Wire Rods of Alloy Steel? For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading. ### Do e‑way bill and e‑invoice apply for Other Wire Rods of Alloy Steel? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### How much GST applies to Other Wire Rods of Alloy Steel? Under HSN 72071220, Other Wire Rods of Alloy Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Other Wire Rods of Alloy Steel? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Other Wire Rods of Alloy Steel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Wire Rods of Alloy Steel; Nil for exempt items if applicable). ## India's trade performance: HSN Code 72071220 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+150.00% YoY) — 0.0000% of India's total exports - Imports: ₹1 Cr (+197.50% YoY) — 0.0000% of India's total imports - Trade balance: −₹1 Cr (Deficit); surplus rank #7960 of 12657 HSN codes - Share of Sub-Chapter 7207: 0.00% of its exports; import side 0.11% - Rank within Sub-Chapter 7207: #13 of 15 by export value; import-side #8 ### Key metrics - Export CAGR: -23.01% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #10034 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +721.43% in FY 2022-23 - Contribution to Sub-Ch. 7207: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72071220 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7207 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7207 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.01% | +0.12 | #8692 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −58.33% | 0.00% | < ₹1 Crore | 0.0000% | +191.67% | 0.09% | −0.25 | #9172 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +140.00% | 0.00% | < ₹1 Crore | 0.0000% | +42.86% | 0.12% | −0.26 | #8755 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −41.67% | 0.00% | 1.21 | 0.0000% | +142.00% | 1.21% | −1.07 | #9373 | | FY 2022-23 | 1.15 | 0.0000% | +721.43% | 0.02% | 1.55 | 0.0000% | +28.10% | 0.10% | −0.40 | #7984 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −98.26% | 0.00% | < ₹1 Crore | 0.0000% | −74.19% | 0.02% | −0.38 | #10338 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +150.00% | 0.00% | 1.19 | 0.0000% | +197.50% | 0.11% | −1.14 | #10034 | - CAGR (7-year): exports -23.01%/yr, imports 46.58%/yr (consistently Deficit) ## Key trade insights: HSN Code 72071220 export-import analysis ### Export decline: -23.01% CAGR over 7 years India's exports under HSN Code 72071220 have declined at a compound annual rate of -23.01% over 7 fiscal years, falling from ₹0.24 Crore in FY 2018-19 to ₹0.05 Crore in FY 2024-25. ### HSN Code 72071220 ranked #10034 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72071220 ranks #10034 out of 12657 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #13 of 15. By trade surplus, it ranks #7960 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 72071220 exports The strongest single-year export movement for HSN Code 72071220 was recorded in FY 2022-23, when exports surged by 721.43% over the prior year. ### India records a trade deficit of ₹1.14 Crore in HSN Code 72071220 goods In FY 2024-25, India's imports of ₹1.19 Cr exceeded exports of ₹0.05 Cr, resulting in a trade deficit of ₹1.14 Crore — ranking #7960 of 12657 by surplus magnitude. ### Import growth of 46.58% CAGR signals rising demand for Other Wire Rods of Alloy Steel India's imports under HSN Code 72071220 have grown at 46.58% CAGR, reaching ₹1.19 Crore in FY 2024-25. ### HSN Code 72071220 contributes 0.00% of Sub-Chapter 7207 exports — ranked #13 Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071220 ranks #13 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.11% share (rank #8). ## Related HSN Codes in Sub-Chapter 7207 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72071290: Other Wire Rods](https://busy.in/hsn/hsn-72071290/) | ₹2,142 Cr | | #2 | [HSN Code 72071920: Bars and Rods of Alloy Hot-Rolled Steel](https://busy.in/hsn/hsn-72071920/) | ₹882 Cr | | #3 | [HSN Code 72071190: Other Semi-Finished Steel Products](https://busy.in/hsn/hsn-72071190/) | ₹53 Cr | | #4 | [HSN Code 72071990: Other Hot-Rolled Bars and Rods](https://busy.in/hsn/hsn-72071990/) | ₹48 Cr | | #5 | [HSN Code 72072090: Other Cold-Rolled Bars and Rods](https://busy.in/hsn/hsn-72072090/) | ₹16 Cr | | #6 | [HSN Code 72071910: Bars and Rods of Non-Alloy Hot-Rolled Iron](https://busy.in/hsn/hsn-72071910/) | ₹5 Cr | | #7 | [HSN Code 72071110: Semi-Finished Products of Iron or Non-Alloy Steel](https://busy.in/hsn/hsn-72071110/) | ₹2 Cr | | #8 | [HSN Code 72071120: Semi-Finished Alloy Steel Products](https://busy.in/hsn/hsn-72071120/) | ₹2 Cr | | #9 | [HSN Code 72072010: Bars and Rods of Non-Alloy Cold-Rolled Iron](https://busy.in/hsn/hsn-72072010/) | ₹1 Cr | | #10 | [HSN Code 72072030: Bars and Rods of Stainless Cold-Rolled Steel](https://busy.in/hsn/hsn-72072030/) | < ₹1 Crore | | #13 | HSN Code 72071220: Other Wire Rods of Alloy Steel (this hsn code) | < ₹1 Crore |