HSN Code 72141090: Forged – Other

HSN Code 72141090 represents Forged – Other under GST classification. This code helps businesses identify Forged – Other correctly for billing, taxation, and trade. With HSN Code 72141090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Forged – Other.

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Description of Goods for HSN Code 72141090

HSN Code 72141090 relates to the following description.

Description of Goods

Forged : Other

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 72141090 not include?

Forged – Other 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

India’s Trade Performance — HSN Code 72141090 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹121 Cr

+21.38% vs FY 2023-24

0.0033% of India’s total exports

India’s Imports

FY 2024-25

₹7 Cr

−29.37% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹114 Cr

Trade Surplus

Surplus rank #1516 of 12657 HSN codes

% of Sub-Chapter 7214

FY 2024-25

22.74%

Share of Sub-Chapter 7214’s total exports in FY 2024-25

Import side: 0.88% of Sub-Chapter 7214’s imports

Rank Within Sub-Chapter 7214

FY 2024-25

#3 of 9

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

Import-side rank: #3 of 9

At a glance

28.60%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#2421

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+869.58%

Peak Growth Year

FY 2021-22 · strongest single-year move

22.74%

Contribution to Sub-Ch. 7214

Share of Sub-Chapter 7214 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3717

Balance

+8.45

Exports

26.81 ₹ Cr

0.0012% share

— YoY

2.45% of Sub-Ch. 7214

Imports

18.36 ₹ Cr

0.0005% share

— YoY

1.81% of Sub-Ch. 7214

FY 2019-20 Exp. Rank #3105

Balance

+41.02

Exports

43.20 ₹ Cr

0.0020% share

+61.13% YoY

3.60% of Sub-Ch. 7214

Imports

2.18 ₹ Cr

0.0001% share

−88.13% YoY

0.23% of Sub-Ch. 7214

FY 2020-21 Exp. Rank #3770

Balance

+26.44

Exports

27.58 ₹ Cr

0.0013% share

−36.16% YoY

1.43% of Sub-Ch. 7214

Imports

1.14 ₹ Cr

0.0000% share

−47.71% YoY

0.23% of Sub-Ch. 7214

FY 2021-22 Exp. Rank #1367

Balance

+264.92

Exports

267.41 ₹ Cr

0.0085% share

+869.58% YoY

5.08% of Sub-Ch. 7214

Imports

2.49 ₹ Cr

0.0001% share

+118.42% YoY

1.61% of Sub-Ch. 7214

FY 2022-23 Exp. Rank #1323

Balance

+298.34

Exports

302.54 ₹ Cr

0.0084% share

+13.14% YoY

39.06% of Sub-Ch. 7214

Imports

4.20 ₹ Cr

0.0001% share

+68.67% YoY

0.94% of Sub-Ch. 7214

FY 2023-24 Exp. Rank #2585

Balance

+89.66

Exports

99.91 ₹ Cr

0.0028% share

−66.98% YoY

16.97% of Sub-Ch. 7214

Imports

10.25 ₹ Cr

0.0002% share

+144.05% YoY

1.56% of Sub-Ch. 7214

FY 2024-25 Exp. Rank #2421

Balance

+114.03

Exports

121.27 ₹ Cr

0.0033% share

+21.38% YoY

22.74% of Sub-Ch. 7214

Imports

7.24 ₹ Cr

0.0001% share

−29.37% YoY

0.88% of Sub-Ch. 7214

CAGR · 7-Year

Exports

28.60% /yr

Imports

−14.37% /yr

Consistently Surplus
Sub-Chapter 7214 total

reference, FY 2024-25

Export

₹533.36 Cr

Import

₹826.79 Cr

Trade Balance

−293.43

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72141090 and GST compliance.

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.

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.