HSN Code 72131010 represents Free Cutting Steel with Indentations or Ribs under GST classification. This code helps businesses identify Free Cutting Steel with Indentations or Ribs correctly for billing, taxation, and trade. With HSN Code 72131010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Free Cutting Steel with Indentations or Ribs.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 72131010 relates to the following description.
Description of Goods
Containing indentations, ribs, grooves or other deformations produced during the rolling process : Of free cutting steel
Chapter
72 - Iron and steel
Sub Chapter
7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Free Cutting Steel with Indentations or Ribs does not include products with the following descriptions.
Containing indentations, ribs, grooves or other deformations produced during the rolling process : Other
Other, of free-cutting steel : Electrode quality
Other, of free-cutting steel : Cold heading quality
Other, of free-cutting steel : Other
Other : Of circular cross-section measuring less than 14 mm in diameter : Electrode quality
Other : Of circular cross-section measuring less than 14 mm in diameter : Cold heading quality
Other : Of circular cross-section measuring less than 14 mm in diameter : Other
Other : Other : Electrode quality
Other : Other : Cold heading quality
Other : Other : Other
Containing indentations, ribs, grooves or other deformations produced during the rolling process : Other
Other, of free-cutting steel : Electrode quality
Other, of free-cutting steel : Cold heading quality
Other, of free-cutting steel : Other
Other : Of circular cross-section measuring less than 14 mm in diameter : Electrode quality
Other : Of circular cross-section measuring less than 14 mm in diameter : Cold heading quality
Other : Of circular cross-section measuring less than 14 mm in diameter : Other
Other : Other : Electrode quality
Other : Other : Cold heading quality
Other : Other : Other
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #5116 of 12657 HSN codes
% of Sub-Chapter 7213
FY 2024-250.06%
Share of Sub-Chapter 7213’s total exports in FY 2024-25
Import side: 0.15% of Sub-Chapter 7213’s imports
Rank Within Sub-Chapter 7213
FY 2024-25#4 of 11
Position by export value among HSN codes in Sub-Chapter 7213
Import-side rank: #8 of 11
At a glance
26.34%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8674
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+86.14%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.06%
Contribution to Sub-Ch. 7213
Share of Sub-Chapter 7213 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−5.04
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.01% of Sub-Ch. 7213
Imports
5.19 ₹ Cr
0.0001% share
— YoY
1.31% of Sub-Ch. 7213
Balance
−1.39
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−93.33% YoY
0.00% of Sub-Ch. 7213
Imports
1.40 ₹ Cr
0.0000% share
−73.03% YoY
0.60% of Sub-Ch. 7213
Balance
−0.80
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7213
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−42.86% YoY
0.49% of Sub-Ch. 7213
Balance
+3.29
Exports
4.40 ₹ Cr
0.0001% share
— YoY
0.08% of Sub-Ch. 7213
Imports
1.11 ₹ Cr
0.0000% share
+38.75% YoY
0.61% of Sub-Ch. 7213
Balance
+8.19
Exports
8.19 ₹ Cr
0.0002% share
+86.14% YoY
0.70% of Sub-Ch. 7213
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7213
Balance
+2.49
Exports
2.51 ₹ Cr
0.0001% share
−69.35% YoY
0.19% of Sub-Ch. 7213
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.01% of Sub-Ch. 7213
Balance
+0.18
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−75.70% YoY
0.06% of Sub-Ch. 7213
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+2,050.00% YoY
0.15% of Sub-Ch. 7213
CAGR · 7-Year
Exports
26.34% /yr
Imports
−33.97% /yr
reference, FY 2024-25
Export
₹1,032.54 Cr
Import
₹288.08 Cr
Trade Balance
+744.46
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.
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.
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.
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.
India's imports under HSN Code 72131010 have grown at −33.97% CAGR, reaching ₹0.43 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 72131010 and GST compliance.
It includes Cold heading quality steel
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).
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 72131010, Free Cutting Steel with Indentations or Ribs attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.