HSN Code 72071220: Other Wire Rods of Alloy Steel
HSN Code 72071220 represents Other Wire Rods of Alloy Steel under GST classification. This code helps businesses identify Other Wire Rods of Alloy Steel correctly for billing, taxation, and trade. With HSN Code 72071220, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Wire Rods of Alloy Steel.
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Description of Goods for HSN Code 72071220
HSN Code 72071220 relates to the following description.
What does HSN Code 72071220 not include?
Other Wire Rods of Alloy Steel does not include products with the following descriptions.
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Electrical quality
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Forging quality
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
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Other
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Electrical quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Seamless steel tube quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Other
Containing by weight less than 0.20% of carbon : Other : Forged blanks of non-alloy steel
Containing by weight less than 0.20% of carbon : Other : Mild steel billets
Containing by weight less than 0.20% of carbon : Other : Other
Containing by weight 0.20% or more of carbon : Forging quality
Containing by weight 0.20% or more of carbon : Spring steel quality
Containing by weight 0.20% or more of carbon : Seamless steel tube quality
Containing by weight 0.20% or more of carbon : Other
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Electrical quality
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Forging quality
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
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Other
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Electrical quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Seamless steel tube quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Other
Containing by weight less than 0.20% of carbon : Other : Forged blanks of non-alloy steel
Containing by weight less than 0.20% of carbon : Other : Mild steel billets
Containing by weight less than 0.20% of carbon : Other : Other
Containing by weight 0.20% or more of carbon : Forging quality
Containing by weight 0.20% or more of carbon : Spring steel quality
Containing by weight 0.20% or more of carbon : Seamless steel tube quality
Containing by weight 0.20% or more of carbon : Other
India’s Trade Performance — HSN Code 72071220 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹1 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25−₹1 Cr
Surplus rank #7960 of 12657 HSN codes
% of Sub-Chapter 7207
FY 2024-250.00%
Share of Sub-Chapter 7207’s total exports in FY 2024-25
Import side: 0.11% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2024-25#13 of 15
Position by export value among HSN codes in Sub-Chapter 7207
Import-side rank: #8 of 15
At a glance
−23.01%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#10034
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+721.43%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.00%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+0.12
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.01% of Sub-Ch. 7207
Balance
−0.25
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−58.33% YoY
0.00% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+191.67% YoY
0.09% of Sub-Ch. 7207
Balance
−0.26
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+140.00% YoY
0.00% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+42.86% YoY
0.12% of Sub-Ch. 7207
Balance
−1.07
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−41.67% YoY
0.00% of Sub-Ch. 7207
Imports
1.21 ₹ Cr
0.0000% share
+142.00% YoY
1.21% of Sub-Ch. 7207
Balance
−0.40
Exports
1.15 ₹ Cr
0.0000% share
+721.43% YoY
0.02% of Sub-Ch. 7207
Imports
1.55 ₹ Cr
0.0000% share
+28.10% YoY
0.10% of Sub-Ch. 7207
Balance
−0.38
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−98.26% YoY
0.00% of Sub-Ch. 7207
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−74.19% YoY
0.02% of Sub-Ch. 7207
Balance
−1.14
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+150.00% YoY
0.00% of Sub-Ch. 7207
Imports
1.19 ₹ Cr
0.0000% share
+197.50% YoY
0.11% of Sub-Ch. 7207
CAGR · 7-Year
Exports
−23.01% /yr
Imports
46.58% /yr
reference, FY 2024-25
Export
₹3,153.62 Cr
Import
₹1,117.98 Cr
Trade Balance
+2,035.64
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72071220 and GST compliance.
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).