--- title: "HSN Code for Forged – Other | HSN 72141090 GST Rate" description: "Find HSN and GST Rates for 72141090 related to Forged – Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72141090/" --- # HSN Code 72141090: Forged – Other - [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 : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72141090 ? It includes Other, Of Free Cutting Steel ### Any common misclassification issue with Forged – Other? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Forged – Other? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Forged – Other? 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. ### How should mixed supplies be billed when Forged – Other is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Forged – Other; Nil for exempt items if applicable). ### How much GST applies to Forged – Other? Under HSN 72141090, Forged – Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 72141090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹121 Cr (+21.38% YoY) — 0.0033% of India's total exports - Imports: ₹7 Cr (−29.37% YoY) — 0.0001% of India's total imports - Trade balance: ₹114 Cr (Surplus); surplus rank #1516 of 12657 HSN codes - Share of Sub-Chapter 7214: 22.74% of its exports; import side 0.88% - Rank within Sub-Chapter 7214: #3 of 9 by export value; import-side #3 ### Key metrics - Export CAGR: 28.60% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2421 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +869.58% in FY 2021-22 - Contribution to Sub-Ch. 7214: 22.74% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72141090 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 | 26.81 | 0.0012% | — | 2.45% | 18.36 | 0.0005% | — | 1.81% | +8.45 | #3717 | | FY 2019-20 | 43.20 | 0.0020% | +61.13% | 3.60% | 2.18 | 0.0001% | −88.13% | 0.23% | +41.02 | #3105 | | FY 2020-21 | 27.58 | 0.0013% | −36.16% | 1.43% | 1.14 | 0.0000% | −47.71% | 0.23% | +26.44 | #3770 | | FY 2021-22 | 267.41 | 0.0085% | +869.58% | 5.08% | 2.49 | 0.0001% | +118.42% | 1.61% | +264.92 | #1367 | | FY 2022-23 | 302.54 | 0.0084% | +13.14% | 39.06% | 4.20 | 0.0001% | +68.67% | 0.94% | +298.34 | #1323 | | FY 2023-24 | 99.91 | 0.0028% | −66.98% | 16.97% | 10.25 | 0.0002% | +144.05% | 1.56% | +89.66 | #2585 | | FY 2024-25 | 121.27 | 0.0033% | +21.38% | 22.74% | 7.24 | 0.0001% | −29.37% | 0.88% | +114.03 | #2421 | - CAGR (7-year): exports 28.60%/yr, imports -14.37%/yr (consistently Surplus) ## Key trade insights: HSN Code 72141090 export-import analysis ### Consistent export growth: 28.60% CAGR over 7 years India's exports under HSN Code 72141090 have grown at a compound annual rate of 28.60% over 7 fiscal years, rising from ₹26.81 Crore in FY 2018-19 to ₹121.27 Crore in FY 2024-25. ### HSN Code 72141090 ranked #2421 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72141090 ranks #2421 out of 12657 HSN codes by total export value. Within Sub-Chapter 7214, it ranks #3 of 9. By trade surplus, it ranks #1516 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72141090 exports The strongest single-year export movement for HSN Code 72141090 was recorded in FY 2021-22, when exports surged by 869.58% over the prior year. ### India maintains a trade surplus of ₹114.03 Crore in HSN Code 72141090 goods In FY 2024-25, India's exports of ₹121.27 Cr exceeded imports of ₹7.24 Cr, resulting in a trade surplus of ₹114.03 Crore — ranking #1516 of 12657 by surplus magnitude. ### Import growth of -14.37% CAGR signals stable import dependency for Forged – Other India's imports under HSN Code 72141090 have grown at -14.37% CAGR, reaching ₹7.24 Crore in FY 2024-25. ### HSN Code 72141090 contributes 22.74% of Sub-Chapter 7214 exports — ranked #3 Among the 9 HSN codes under Sub-Chapter 7214, HSN Code 72141090 ranks #3 by export value — accounting for 22.74% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.88% share (rank #3). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-72141010/) | ₹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 |