--- title: "HSN Code for Free Cutting Steel with Indentations or Ribs | HSN 72131010 GST Rate" description: "Find HSN and GST Rates for 72131010 related to Free Cutting Steel with Indentations or Ribs with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72131010/" --- # HSN Code 72131010: Free Cutting Steel with Indentations or Ribs - [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 7213: Wood pulp products](https://busy.in/hsn/sub-chapter-7213/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Containing indentations, ribs, grooves or other deformations produced during the rolling process : Of free cutting steel | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72131010 ? It includes Cold heading quality steel ### How should mixed supplies be billed when Free Cutting Steel with Indentations or Ribs is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Free Cutting Steel with Indentations or Ribs; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Free Cutting Steel with Indentations or Ribs? 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. ### Can we claim ITC on inputs used to trade Free Cutting Steel with Indentations or Ribs? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Free Cutting Steel with Indentations or Ribs? Under HSN 72131010, Free Cutting Steel with Indentations or Ribs attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Free Cutting Steel with Indentations or Ribs? 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 72131010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−75.70% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (+2,050.00% YoY) — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #5116 of 12657 HSN codes - Share of Sub-Chapter 7213: 0.06% of its exports; import side 0.15% - Rank within Sub-Chapter 7213: #4 of 11 by export value; import-side #8 ### Key metrics - Export CAGR: 26.34% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8674 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +86.14% in FY 2022-23 - Contribution to Sub-Ch. 7213: 0.06% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72131010 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. 7213 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7213 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.01% | 5.19 | 0.0001% | — | 1.31% | −5.04 | #8982 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −93.33% | 0.00% | 1.40 | 0.0000% | −73.03% | 0.60% | −1.39 | #9870 | | FY 2020-21 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | −42.86% | 0.49% | −0.80 | — | | FY 2021-22 | 4.40 | 0.0001% | — | 0.08% | 1.11 | 0.0000% | +38.75% | 0.61% | +3.29 | #6517 | | FY 2022-23 | 8.19 | 0.0002% | +86.14% | 0.70% | Nil | 0.0000% | −100.00% | 0.00% | +8.19 | #5885 | | FY 2023-24 | 2.51 | 0.0001% | −69.35% | 0.19% | < ₹1 Crore | 0.0000% | — | 0.01% | +2.49 | #7335 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −75.70% | 0.06% | < ₹1 Crore | 0.0000% | +2,050.00% | 0.15% | +0.18 | #8674 | - CAGR (7-year): exports 26.34%/yr, imports -33.97%/yr (consistently Surplus) ## Key trade insights: HSN Code 72131010 export-import analysis ### Consistent export growth: 26.34% CAGR over 7 years India's exports under HSN Code 72131010 have grown at a compound annual rate of 26.34% over 7 fiscal years, rising from ₹0.15 Crore in FY 2018-19 to ₹0.61 Crore in FY 2024-25. ### HSN Code 72131010 ranked #8674 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72131010 ranks #8674 out of 12657 HSN codes by total export value. Within Sub-Chapter 7213, it ranks #4 of 11. By trade surplus, it ranks #5116 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 72131010 exports The strongest single-year export movement for HSN Code 72131010 was recorded in FY 2022-23, when exports surged by 86.14% over the prior year. ### India maintains a trade surplus of ₹0.18 Crore in HSN Code 72131010 goods In FY 2024-25, India's exports of ₹0.61 Cr exceeded imports of ₹0.43 Cr, resulting in a trade surplus of ₹0.18 Crore — ranking #5116 of 12657 by surplus magnitude. ### Import growth of -33.97% CAGR signals stable import dependency for Free Cutting Steel with Indentations or Ribs India's imports under HSN Code 72131010 have grown at -33.97% CAGR, reaching ₹0.43 Crore in FY 2024-25. ### HSN Code 72131010 contributes 0.06% of Sub-Chapter 7213 exports — ranked #4 Among the 11 HSN codes under Sub-Chapter 7213, HSN Code 72131010 ranks #4 by export value — accounting for 0.06% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.15% share (rank #8). ## Related HSN Codes in Sub-Chapter 7213 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72139110: Electrode Quality Wire (<14mm Diameter)](https://busy.in/hsn/hsn-72139110/) | ₹719 Cr | | #2 | [HSN Code 72139190: Steel Bars: Circular Cross-Section Under 14 mm Diameter](https://busy.in/hsn/hsn-72139190/) | ₹309 Cr | | #3 | [HSN Code 72131090: Other Steel with Indentations or Ribs](https://busy.in/hsn/hsn-72131090/) | ₹2 Cr | | #4 | HSN Code 72131010: Free Cutting Steel with Indentations or Ribs (this hsn code) | < ₹1 Crore | | #5 | [HSN Code 72139990: Other : Other : Other](https://busy.in/hsn/hsn-72139990/) | < ₹1 Crore | | #6 | [HSN Code 72132020: Cold heading quality steel](https://busy.in/hsn/hsn-72132020/) | < ₹1 Crore | | #7 | [HSN Code 72132090: Other, Of Free-Cutting Steel \| Other](https://busy.in/hsn/hsn-72132090/) | < ₹1 Crore | | #8 | [HSN Code 72139120: Cold Heading Quality Wire (<14mm Diameter)](https://busy.in/hsn/hsn-72139120/) | < ₹1 Crore | | #8 | [HSN Code 72139910: Other \| Other \| Electrode Quality](https://busy.in/hsn/hsn-72139910/) | < ₹1 Crore | | #10 | [HSN Code 72139920: Other : Other : Cold heading quality](https://busy.in/hsn/hsn-72139920/) | < ₹1 Crore |