HSN Code 72071920: Bars and Rods of Alloy Hot-Rolled Steel

HSN Code 72071920 represents Bars and Rods of Alloy Hot-Rolled Steel under GST classification. This code helps businesses identify Bars and Rods of Alloy Hot-Rolled Steel correctly for billing, taxation, and trade. With HSN Code 72071920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Bars and Rods of Alloy Hot-Rolled Steel.

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Description of Goods for HSN Code 72071920

HSN Code 72071920 relates to the following description.

Description of Goods

Containing by weight less than 0.20% of carbon : Other : Mild steel billets

Chapter

72 - Iron and steel

Sub Chapter

7207 - Semi-finished products of iron or non-alloy steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72071920 not include?

Bars and Rods of Alloy Hot-Rolled Steel does not include products with the following descriptions.

HSN Code 72071110

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Electrical quality

HSN Code 72071120

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Forging quality

HSN Code 72071130

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

HSN Code 72071190

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Other

HSN Code 72071210

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Electrical quality

HSN Code 72071220

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Forging quality

HSN Code 72071230

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Seamless steel tube quality

HSN Code 72071290

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Other

HSN Code 72071910

Containing by weight less than 0.20% of carbon : Other : Forged blanks of non-alloy steel

India’s Trade Performance — HSN Code 72071920 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

₹882 Cr

−55.34% vs FY 2023-24

0.0240% of India’s total exports

India’s Imports

FY 2024-25

₹518 Cr

−14.50% vs FY 2023-24

0.0085% of India’s total imports

Trade Balance

FY 2024-25

₹364 Cr

Trade Surplus

Surplus rank #801 of 12657 HSN codes

% of Sub-Chapter 7207

FY 2024-25

27.98%

Share of Sub-Chapter 7207’s total exports in FY 2024-25

Import side: 46.36% of Sub-Chapter 7207’s imports

Rank Within Sub-Chapter 7207

FY 2024-25

#2 of 15

Position by export value among HSN codes in Sub-Chapter 7207

Import-side rank: #1 of 15

At a glance

−26.71%

Export CAGR

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

#582

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+89.88%

Peak Growth Year

FY 2020-21 · strongest single-year move

27.98%

Contribution to Sub-Ch. 7207

Share of Sub-Chapter 7207 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72071920

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 #46

Balance

+5,524.42

Exports

5,694.11 ₹ Cr

0.2492% share

— YoY

73.54% of Sub-Ch. 7207

Imports

169.69 ₹ Cr

0.0047% share

— YoY

12.88% of Sub-Ch. 7207

FY 2019-20 Exp. Rank #46

Balance

+5,127.91

Exports

5,418.08 ₹ Cr

0.2461% share

−4.85% YoY

64.41% of Sub-Ch. 7207

Imports

290.17 ₹ Cr

0.0087% share

+71.00% YoY

75.08% of Sub-Ch. 7207

FY 2020-21 Exp. Rank #30

Balance

+10,068.93

Exports

10,287.90 ₹ Cr

0.4783% share

+89.88% YoY

51.70% of Sub-Ch. 7207

Imports

218.97 ₹ Cr

0.0075% share

−24.54% YoY

52.66% of Sub-Ch. 7207

FY 2021-22 Exp. Rank #33

Balance

+11,462.48

Exports

11,501.79 ₹ Cr

0.3665% share

+11.80% YoY

52.36% of Sub-Ch. 7207

Imports

39.31 ₹ Cr

0.0009% share

−82.05% YoY

39.17% of Sub-Ch. 7207

FY 2022-23 Exp. Rank #96

Balance

+4,355.39

Exports

4,740.03 ₹ Cr

0.1309% share

−58.79% YoY

62.54% of Sub-Ch. 7207

Imports

384.64 ₹ Cr

0.0067% share

+878.48% YoY

23.74% of Sub-Ch. 7207

FY 2023-24 Exp. Rank #252

Balance

+1,369.48

Exports

1,975.73 ₹ Cr

0.0546% share

−58.32% YoY

49.75% of Sub-Ch. 7207

Imports

606.25 ₹ Cr

0.0108% share

+57.61% YoY

29.88% of Sub-Ch. 7207

FY 2024-25 Exp. Rank #582

Balance

+364.07

Exports

882.41 ₹ Cr

0.0240% share

−55.34% YoY

27.98% of Sub-Ch. 7207

Imports

518.34 ₹ Cr

0.0085% share

−14.50% YoY

46.36% of Sub-Ch. 7207

CAGR · 7-Year

Exports

−26.71% /yr

Imports

20.46% /yr

Consistently Surplus
Sub-Chapter 7207 total

reference, FY 2024-25

Export

₹3,153.62 Cr

Import

₹1,117.98 Cr

Trade Balance

+2,035.64

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72071920 Export-Import Analysis

Export Decline: −26.71% CAGR Over 7 Years

India's exports under HSN Code 72071920 have declined at a compound annual rate of −26.71% over 7 fiscal years, falling from ₹5,694.11 Crore in FY 2018-19 to ₹882.41 Crore in FY 2024-25.

HSN Code 72071920 Ranked #582 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72071920 ranks #582 out of 12657 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #2 of 15. By trade surplus, it ranks #801 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 72071920 Exports

The strongest single-year export movement for HSN Code 72071920 was recorded in FY 2020-21, when exports surged by 89.88% over the prior year.

India Maintains a Trade Surplus of ₹364.07 Crore in HSN Code 72071920 Goods

In FY 2024-25, India's exports of ₹882.41 Cr exceeded imports of ₹518.34 Cr, resulting in a trade surplus of ₹364.07 Crore — ranking #801 of 12657 by surplus magnitude.

Import Growth of 20.46% CAGR Signals Rising Demand for Bars and Rods of Alloy Hot-Rolled Steel

India's imports under HSN Code 72071920 have grown at 20.46% CAGR, reaching ₹518.34 Crore in FY 2024-25.

HSN Code 72071920 Contributes 27.98% of Sub-Chapter 7207 Exports — Ranked #2

Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071920 ranks #2 by export value — accounting for 27.98% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 46.36% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72071920 and GST compliance.

What products are classified under HSN 72071920 ?

It includes Bars and Rods of Alloy Cold-Rolled Steel

Do e‑way bill and e‑invoice apply for Bars and Rods of Alloy Hot-Rolled 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.

Any common misclassification issue with Bars and Rods of Alloy Hot-Rolled Steel?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Bars and Rods of Alloy Hot-Rolled Steel is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Bars and Rods of Alloy Hot-Rolled Steel; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Bars and Rods of Alloy Hot-Rolled 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.

How much GST applies to Bars and Rods of Alloy Hot-Rolled Steel?

Under HSN 72071920, Bars and Rods of Alloy Hot-Rolled Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.