Find GST Rates & HSN

HSN Code 72141010: Forged Spring-Steel-Quality Bars and Rods

HSN Code 72141010 represents Forged Spring-Steel-Quality Bars and Rods under GST classification. This code helps businesses identify Forged Spring-Steel-Quality Bars and Rods correctly for billing, taxation, and trade. With HSN Code 72141010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Forged Spring-Steel-Quality Bars and Rods.

Free Live Demo Available Today

Don’t Let HSN Mistakes Affect Your GST Filing

Manage correct HSN codes and GST rates with BUSY.

Trusted by 6,00,000+ Users
4.5 Google Rating
40K+ Monthly Downloads
Free Mobile App
+91

* No credit card required

Description of Goods for HSN Code 72141010

HSN Code 72141010 relates to the following description.

Description of Goods

Forged : Spring steel quality

Chapter

72 - Iron and steel

Sub Chapter

7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hotrolled, hot-drawn or hot-extruded, but including those twisted after rolling

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72141010 not include?

Forged Spring-Steel-Quality Bars and Rods does not include products with the following descriptions.

HSN Code 72142010

Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling : Spring steel quality

HSN Code 72142090

Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling : Other

HSN Code 72149110

Other : Of rectangular (other than square) cross-section : Mild steel bright bar

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91

* No credit card required

India’s Trade Performance — HSN Code 72141010 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹2 Cr

+55.65% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹11 Cr

First year of recorded data

0.0002% of India’s total imports

Trade Balance

FY 2025-26

−₹9 Cr

Trade Deficit

Surplus rank #9050 of 12872 HSN codes

% of Sub-Chapter 7214

FY 2025-26

0.24%

Share of Sub-Chapter 7214’s total exports in FY 2025-26

Import side: 1.80% of Sub-Chapter 7214’s imports

Rank Within Sub-Chapter 7214

FY 2025-26

#7 of 9

Position by export value among HSN codes in Sub-Chapter 7214

Import-side rank: #3 of 9

At a glance

16.32%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#7779

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+447.92%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.24%

Contribution to Sub-Ch. 7214

Share of Sub-Chapter 7214 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 72141010

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #7951

Balance

+0.26

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.06% of Sub-Ch. 7214

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 7214

FY 2019-20 Exp. Rank #9016

Balance

−0.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−79.10% YoY

0.01% of Sub-Ch. 7214

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−53.66% YoY

0.02% of Sub-Ch. 7214

FY 2020-21 Exp. Rank #8257

Balance

+0.47

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+242.86% YoY

0.02% of Sub-Ch. 7214

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−94.74% YoY

0.00% of Sub-Ch. 7214

FY 2021-22 Exp. Rank #7035

Balance

+2.63

Exports

2.63 ₹ Cr

0.0001% share

+447.92% YoY

0.05% of Sub-Ch. 7214

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7214

FY 2022-23 Exp. Rank #7921

Balance

+1.19

Exports

1.22 ₹ Cr

0.0000% share

−53.61% YoY

0.16% of Sub-Ch. 7214

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 7214

FY 2023-24 Exp. Rank #8541

Balance

+0.67

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−42.62% YoY

0.12% of Sub-Ch. 7214

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 7214

FY 2024-25 Exp. Rank #8050

Balance

+1.24

Exports

1.24 ₹ Cr

0.0000% share

+77.14% YoY

0.23% of Sub-Ch. 7214

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7214

FY 2025-26 Exp. Rank #7779

Balance

−8.89

Exports

1.93 ₹ Cr

0.0000% share

+55.65% YoY

0.24% of Sub-Ch. 7214

Imports

10.82 ₹ Cr

0.0002% share

— YoY

1.80% of Sub-Ch. 7214

CAGR · 8-Year

Exports

16.32% /yr

Imports

59.61% /yr

Consistently Deficit
Sub-Chapter 7214 total

reference, FY 2025-26

Export

₹810.37 Cr

Import

₹602.37 Cr

Trade Balance

+208.00

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72141010 Export-Import Analysis

Consistent Export Growth: 16.32% CAGR Over 8 Years

India's exports under HSN Code 72141010 have grown at a compound annual rate of 16.32% over 8 fiscal years, rising from ₹0.67 Crore in FY 2018-19 to ₹1.93 Crore in FY 2025-26.

HSN Code 72141010 Ranked #7779 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 72141010 ranks #7779 out of 12872 HSN codes by total export value. Within Sub-Chapter 7214, it ranks #7 of 9. By trade surplus, it ranks #9050 of 12872.

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 Records a Trade Deficit of ₹8.89 Crore in HSN Code 72141010 Goods

In FY 2025-26, India's imports of ₹10.82 Cr exceeded exports of ₹1.93 Cr, resulting in a trade deficit of ₹8.89 Crore — ranking #9050 of 12872 by surplus magnitude.

Import Growth of 59.61% CAGR Signals Rising Demand for Forged Spring-Steel-Quality Bars and Rods

India's imports under HSN Code 72141010 have grown at 59.61% CAGR, reaching ₹10.82 Crore in FY 2025-26.

HSN Code 72141010 Contributes 0.24% 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 0.24% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 1.80% share (rank #3).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72141010 and GST compliance.

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 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.

Any common misclassification issue with Forged Spring-Steel-Quality 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 Forged Spring-Steel-Quality 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 Forged Spring-Steel-Quality Bars and Rods; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Forged Spring-Steel-Quality 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.

How much GST applies to Forged Spring-Steel-Quality Bars and Rods?

Under HSN 72141010, Forged Spring-Steel-Quality Bars and Rods attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Found this useful? Add BUSY as a preferred source to see more of us on Google.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.