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HSN Code 72141090: Other Forged Iron or Non-Alloy Steel Bars and Rods
HSN Code 72141090 represents Other Forged Iron or Non-Alloy Steel Bars and Rods under GST classification. This code helps businesses identify Other Forged Iron or Non-Alloy Steel Bars and Rods 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 Other Forged Iron or Non-Alloy Steel Bars and Rods.
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Description of Goods for HSN Code 72141090
HSN Code 72141090 relates to the following description.
What does HSN Code 72141090 not include?
Other Forged Iron or Non-Alloy Steel Bars and Rods does not include products with the following descriptions.
Forged : Spring steel quality
Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling : Spring steel quality
Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling : Other
Other, of free cutting steel
Other : Of rectangular (other than square) cross-section : Mild steel bright bar
Other : Of rectangular (other than square) cross-section : Other
Other : Other : Of spring steel quality
Other : Other : Other
Forged : Spring steel quality
Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling : Spring steel quality
Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling : Other
Other, of free cutting steel
Other : Of rectangular (other than square) cross-section : Mild steel bright bar
Other : Of rectangular (other than square) cross-section : Other
Other : Other : Of spring steel quality
Other : Other : Other
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India’s Trade Performance — HSN Code 72141090 in FY 2025-26
India’s Exports
FY 2025-26₹147 Cr
0.0038% of India’s total exports
India’s Imports
FY 2025-26₹6 Cr
0.0001% of India’s total imports
Trade Balance
FY 2025-26₹141 Cr
Surplus rank #1430 of 12872 HSN codes
% of Sub-Chapter 7214
FY 2025-2618.17%
Share of Sub-Chapter 7214’s total exports in FY 2025-26
Import side: 1.01% of Sub-Chapter 7214’s imports
Rank Within Sub-Chapter 7214
FY 2025-26#3 of 9
Position by export value among HSN codes in Sub-Chapter 7214
Import-side rank: #4 of 9
At a glance
27.55%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#2338
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+869.58%
Peak Growth Year
FY 2021-22 · strongest single-year move
18.17%
Contribution to Sub-Ch. 7214
Share of Sub-Chapter 7214 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72141090
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
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
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
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
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
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
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
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
Balance
+141.11
Exports
147.22 ₹ Cr
0.0038% share
+21.40% YoY
18.17% of Sub-Ch. 7214
Imports
6.11 ₹ Cr
0.0001% share
−15.61% YoY
1.01% of Sub-Ch. 7214
CAGR · 8-Year
Exports
27.55% /yr
Imports
−14.54% /yr
reference, FY 2025-26
Export
₹810.37 Cr
Import
₹602.37 Cr
Trade Balance
+208.00
Key Trade Insights: HSN Code 72141090 Export-Import Analysis
Consistent Export Growth: 27.55% CAGR Over 8 Years
India's exports under HSN Code 72141090 have grown at a compound annual rate of 27.55% over 8 fiscal years, rising from ₹26.81 Crore in FY 2018-19 to ₹147.22 Crore in FY 2025-26.
HSN Code 72141090 Ranked #2338 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72141090 ranks #2338 out of 12872 HSN codes by total export value. Within Sub-Chapter 7214, it ranks #3 of 9. By trade surplus, it ranks #1430 of 12872.
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 ₹141.11 Crore in HSN Code 72141090 Goods
In FY 2025-26, India's exports of ₹147.22 Cr exceeded imports of ₹6.11 Cr, resulting in a trade surplus of ₹141.11 Crore — ranking #1430 of 12872 by surplus magnitude.
Import Growth of −14.54% CAGR Signals Stable Import Dependency for Other Forged Iron or Non-Alloy Steel Bars and Rods
India's imports under HSN Code 72141090 have grown at −14.54% CAGR, reaching ₹6.11 Crore in FY 2025-26.
HSN Code 72141090 Contributes 18.17% 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 18.17% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 1.01% share (rank #4).
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 Other Forged Iron or Non-Alloy Steel 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.
Can we claim ITC on inputs used to trade Other Forged Iron or Non-Alloy Steel 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.
Do e‑way bill and e‑invoice apply for Other Forged Iron or Non-Alloy Steel Bars and Rods?
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 Other Forged Iron or Non-Alloy Steel 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 Other Forged Iron or Non-Alloy Steel Bars and Rods; Nil for exempt items if applicable).
How much GST applies to Other Forged Iron or Non-Alloy Steel Bars and Rods?
Under HSN 72141090, Other Forged Iron or Non-Alloy Steel Bars and Rods attracts Varies when sold in taxable form. Describe the exact form on the invoice.