HSN Code 72071990: Other Hot-Rolled Bars and Rods
HSN Code 72071990 represents Other Hot-Rolled Bars and Rods under GST classification. This code helps businesses identify Other Hot-Rolled Bars and Rods correctly for billing, taxation, and trade. With HSN Code 72071990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Hot-Rolled Bars and Rods.
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Description of Goods for HSN Code 72071990
HSN Code 72071990 relates to the following description.
What does HSN Code 72071990 not include?
Other Hot-Rolled Bars and Rods 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 : Forging 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 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 : Forging 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 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 72071990 in FY 2024-25
India’s Exports
FY 2024-25₹48 Cr
0.0013% of India’s total exports
India’s Imports
FY 2024-25₹50 Cr
0.0008% of India’s total imports
Trade Balance
FY 2024-25−₹2 Cr
Surplus rank #8063 of 12657 HSN codes
% of Sub-Chapter 7207
FY 2024-251.53%
Share of Sub-Chapter 7207’s total exports in FY 2024-25
Import side: 4.44% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2024-25#4 of 15
Position by export value among HSN codes in Sub-Chapter 7207
Import-side rank: #5 of 15
At a glance
−32.70%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3677
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+563.86%
Peak Growth Year
FY 2020-21 · strongest single-year move
1.53%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+508.07
Exports
517.55 ₹ Cr
0.0227% share
— YoY
6.68% of Sub-Ch. 7207
Imports
9.48 ₹ Cr
0.0003% share
— YoY
0.72% of Sub-Ch. 7207
Balance
+330.78
Exports
334.38 ₹ Cr
0.0152% share
−35.39% YoY
3.98% of Sub-Ch. 7207
Imports
3.60 ₹ Cr
0.0001% share
−62.03% YoY
0.93% of Sub-Ch. 7207
Balance
+2,183.23
Exports
2,219.82 ₹ Cr
0.1032% share
+563.86% YoY
11.16% of Sub-Ch. 7207
Imports
36.59 ₹ Cr
0.0013% share
+916.39% YoY
8.80% of Sub-Ch. 7207
Balance
+2,575.49
Exports
2,579.60 ₹ Cr
0.0822% share
+16.21% YoY
11.74% of Sub-Ch. 7207
Imports
4.11 ₹ Cr
0.0001% share
−88.77% YoY
4.09% of Sub-Ch. 7207
Balance
+772.79
Exports
789.46 ₹ Cr
0.0218% share
−69.40% YoY
10.42% of Sub-Ch. 7207
Imports
16.67 ₹ Cr
0.0003% share
+305.60% YoY
1.03% of Sub-Ch. 7207
Balance
−11.11
Exports
13.39 ₹ Cr
0.0004% share
−98.30% YoY
0.34% of Sub-Ch. 7207
Imports
24.50 ₹ Cr
0.0004% share
+46.97% YoY
1.21% of Sub-Ch. 7207
Balance
−1.51
Exports
48.10 ₹ Cr
0.0013% share
+259.22% YoY
1.53% of Sub-Ch. 7207
Imports
49.61 ₹ Cr
0.0008% share
+102.49% YoY
4.44% of Sub-Ch. 7207
CAGR · 7-Year
Exports
−32.70% /yr
Imports
31.76% /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 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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72071990 and GST compliance.
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.