--- title: "HSN Code for Other Hot-Rolled Bars and Rods | HSN 72071990 GST Rate" description: "Find HSN and GST Rates for 72071990 related to Other Hot-Rolled Bars and Rods with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72071990/" --- # HSN Code 72071990: Other Hot-Rolled Bars and Rods - [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 : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72071990 ? It includes Bars and Rods of Stainless Cold-Rolled Steel ### Any common misclassification issue with Other Hot-Rolled Bars and Rods? 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 Other Hot-Rolled Bars and Rods is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Hot-Rolled Bars and Rods; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Other Hot-Rolled Bars and Rods? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Other Hot-Rolled Bars and Rods? 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 Other Hot-Rolled Bars and Rods? Under HSN 72071990, Other Hot-Rolled Bars and Rods attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Other Hot-Rolled Bars and Rods? 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. ## India's trade performance: HSN Code 72071990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹48 Cr (+259.22% YoY) — 0.0013% of India's total exports - Imports: ₹50 Cr (+102.49% YoY) — 0.0008% of India's total imports - Trade balance: −₹2 Cr (Deficit); surplus rank #8063 of 12657 HSN codes - Share of Sub-Chapter 7207: 1.53% of its exports; import side 4.44% - Rank within Sub-Chapter 7207: #4 of 15 by export value; import-side #5 ### Key metrics - Export CAGR: -32.70% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3677 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +563.86% in FY 2020-21 - Contribution to Sub-Ch. 7207: 1.53% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72071990 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 | 517.55 | 0.0227% | — | 6.68% | 9.48 | 0.0003% | — | 0.72% | +508.07 | #638 | | FY 2019-20 | 334.38 | 0.0152% | −35.39% | 3.98% | 3.60 | 0.0001% | −62.03% | 0.93% | +330.78 | #908 | | FY 2020-21 | 2,219.82 | 0.1032% | +563.86% | 11.16% | 36.59 | 0.0013% | +916.39% | 8.80% | +2,183.23 | #154 | | FY 2021-22 | 2,579.60 | 0.0822% | +16.21% | 11.74% | 4.11 | 0.0001% | −88.77% | 4.09% | +2,575.49 | #177 | | FY 2022-23 | 789.46 | 0.0218% | −69.40% | 10.42% | 16.67 | 0.0003% | +305.60% | 1.03% | +772.79 | #619 | | FY 2023-24 | 13.39 | 0.0004% | −98.30% | 0.34% | 24.50 | 0.0004% | +46.97% | 1.21% | −11.11 | #5324 | | FY 2024-25 | 48.10 | 0.0013% | +259.22% | 1.53% | 49.61 | 0.0008% | +102.49% | 4.44% | −1.51 | #3677 | - CAGR (7-year): exports -32.70%/yr, imports 31.76%/yr (consistently Deficit) ## Key trade insights: HSN Code 72071990 export-import analysis ### Export decline: -32.70% CAGR over 7 years India's exports under HSN Code 72071990 have declined at a compound annual rate of -32.70% over 7 fiscal years, falling from ₹517.55 Crore in FY 2018-19 to ₹48.10 Crore in FY 2024-25. ### HSN Code 72071990 ranked #3677 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72071990 ranks #3677 out of 12657 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #4 of 15. By trade surplus, it ranks #8063 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 72071990 exports The strongest single-year export movement for HSN Code 72071990 was recorded in FY 2020-21, when exports surged by 563.86% over the prior year. ### India records a trade deficit of ₹1.51 Crore in HSN Code 72071990 goods In FY 2024-25, India's imports of ₹49.61 Cr exceeded exports of ₹48.10 Cr, resulting in a trade deficit of ₹1.51 Crore — ranking #8063 of 12657 by surplus magnitude. ### Import growth of 31.76% CAGR signals rising demand for Other Hot-Rolled Bars and Rods India's imports under HSN Code 72071990 have grown at 31.76% CAGR, reaching ₹49.61 Crore in FY 2024-25. ### HSN Code 72071990 contributes 1.53% of Sub-Chapter 7207 exports — ranked #4 Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071990 ranks #4 by export value — accounting for 1.53% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.44% share (rank #5). ## 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 (this hsn code) | ₹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 |