--- title: "HSN Code for Forged – Spring steel quality | HSN 72141010 GST Rate" description: "Find HSN and GST Rates for 72141010 related to Forged – Spring steel quality with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72141010/" --- # HSN Code 72141010: Forged – Spring steel quality - [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 7214: Iron or steel rods and bars](https://busy.in/hsn/sub-chapter-7214/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Forged : Spring steel quality | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72141010 ? It includes Twisted/Rolled Steel with Indentations or Ribs ### Does packaging or labelling change the GST for Forged – Spring steel quality? 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. ### Any common misclassification issue with Forged – Spring steel quality? 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 Forged – Spring steel quality is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Forged – Spring steel quality; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Forged – Spring steel quality? 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 Forged – Spring steel quality? Under HSN 72141010, Forged – Spring steel quality attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 72141010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (+77.14% YoY) — 0.0000% of India's total exports - Imports: Nil (−100.00% YoY) — 0.0000% of India's total imports - Trade balance: ₹1 Cr (Surplus); surplus rank #4429 of 12657 HSN codes - Share of Sub-Chapter 7214: 0.23% of its exports; import side 0.00% - Rank within Sub-Chapter 7214: #7 of 9 by export value ### Key metrics - Export CAGR: 10.80% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8050 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +447.92% in FY 2021-22 - Contribution to Sub-Ch. 7214: 0.23% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72141010 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. 7214 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7214 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.06% | < ₹1 Crore | 0.0000% | — | 0.04% | +0.26 | #7951 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −79.10% | 0.01% | < ₹1 Crore | 0.0000% | −53.66% | 0.02% | −0.05 | #9016 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +242.86% | 0.02% | < ₹1 Crore | 0.0000% | −94.74% | 0.00% | +0.47 | #8257 | | FY 2021-22 | 2.63 | 0.0001% | +447.92% | 0.05% | Nil | 0.0000% | −100.00% | 0.00% | +2.63 | #7035 | | FY 2022-23 | 1.22 | 0.0000% | −53.61% | 0.16% | < ₹1 Crore | 0.0000% | — | 0.01% | +1.19 | #7921 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −42.62% | 0.12% | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | +0.67 | #8541 | | FY 2024-25 | 1.24 | 0.0000% | +77.14% | 0.23% | Nil | 0.0000% | −100.00% | 0.00% | +1.24 | #8050 | - CAGR (7-year): exports 10.80%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 72141010 export-import analysis ### Consistent export growth: 10.80% CAGR over 7 years India's exports under HSN Code 72141010 have grown at a compound annual rate of 10.80% over 7 fiscal years, rising from ₹0.67 Crore in FY 2018-19 to ₹1.24 Crore in FY 2024-25. ### HSN Code 72141010 ranked #8050 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72141010 ranks #8050 out of 12657 HSN codes by total export value. Within Sub-Chapter 7214, it ranks #7 of 9. By trade surplus, it ranks #4429 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72141010 exports The strongest single-year export movement for HSN Code 72141010 was recorded in FY 2021-22, when exports surged by 447.92% over the prior year. ### India maintains a trade surplus of ₹1.24 Crore in HSN Code 72141010 goods In FY 2024-25, India's exports of ₹1.24 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹1.24 Crore — ranking #4429 of 12657 by surplus magnitude. ### HSN Code 72141010 contributes 0.23% of Sub-Chapter 7214 exports — ranked #7 Among the 9 HSN codes under Sub-Chapter 7214, HSN Code 72141010 ranks #7 by export value — accounting for 0.23% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## Related HSN Codes in Sub-Chapter 7214 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72142090: Twisted/Rolled Steel with Indentations or Ribs](https://busy.in/hsn/hsn-72142090/) | ₹202 Cr | | #2 | [HSN Code 72149990: Other bars and rods of iron or non-alloy steel \| Other](https://busy.in/hsn/hsn-72149990/) | ₹130 Cr | | #3 | [HSN Code 72141090: Forged – Other](https://busy.in/hsn/hsn-72141090/) | ₹121 Cr | | #4 | [HSN Code 72149190: Rectangular cross-section: Other](https://busy.in/hsn/hsn-72149190/) | ₹68 Cr | | #5 | [HSN Code 72143000: Other, Of Free Cutting Steel](https://busy.in/hsn/hsn-72143000/) | ₹5 Cr | | #6 | [HSN Code 72149110: Mild Steel Bright Bar (Rectangular)](https://busy.in/hsn/hsn-72149110/) | ₹5 Cr | | #7 | HSN Code 72141010: Forged – Spring steel quality (this hsn code) | ₹1 Cr | | #8 | [HSN Code 72142010: Spring Steel Quality with Indentations or Ribs](https://busy.in/hsn/hsn-72142010/) | < ₹1 Crore | | #9 | [HSN Code 72149910: Other \| Other \| Of Spring Steel Quality](https://busy.in/hsn/hsn-72149910/) | < ₹1 Crore |