---
title: "HSN Code for Spring Steel Quality with Indentations or Ribs | HSN 72142010 GST Rate"
description: "Find HSN and GST Rates for 72142010 related to Spring Steel Quality with Indentations or Ribs with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72142010/"
---

# HSN Code 72142010: Spring Steel Quality with Indentations or Ribs

- [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 |
| --- | --- | --- | --- | --- |
| Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling : Spring steel quality | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72142010 ?

It includes Mild Steel Bright Bar (Rectangular)

### Any common misclassification issue with Spring Steel Quality with Indentations or Ribs?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### Does packaging or labelling change the GST for Spring Steel Quality with Indentations or Ribs?

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.

### Can we claim ITC on inputs used to trade Spring Steel Quality with Indentations or Ribs?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### How should mixed supplies be billed when Spring Steel Quality with Indentations or Ribs is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Spring Steel Quality with Indentations or Ribs; Nil for exempt items if applicable).

### Do e‑way bill and e‑invoice apply for Spring Steel Quality with Indentations or Ribs?

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.

## India's trade performance: HSN Code 72142010 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: < ₹1 Crore (−76.85% YoY) — 0.0000% of India's total exports
- Imports: < ₹1 Crore (+18.18% YoY) — 0.0000% of India's total imports
- Trade balance: < ₹1 Crore (Surplus); surplus rank #4741 of 12657 HSN codes
- Share of Sub-Chapter 7214: 0.14% of its exports; import side 0.02%
- Rank within Sub-Chapter 7214: #8 of 9 by export value; import-side #8

### Key metrics

- Export CAGR: 23.80% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #8525 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +1,425.58% in FY 2022-23
- Contribution to Sub-Ch. 7214: 0.14% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72142010

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% | — | 0.02% | < ₹1 Crore | 0.0000% | — | 0.01% | +0.13 | #8812 |
| FY 2019-20 | < ₹1 Crore | 0.0000% | −85.00% | 0.00% | < ₹1 Crore | 0.0000% | +200.00% | 0.02% | −0.18 | #9613 |
| FY 2020-21 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — |
| FY 2021-22 | < ₹1 Crore | 0.0000% | — | 0.01% | < ₹1 Crore | 0.0000% | — | 0.05% | +0.35 | #8679 |
| FY 2022-23 | 6.56 | 0.0002% | +1,425.58% | 0.85% | < ₹1 Crore | 0.0000% | −25.00% | 0.01% | +6.50 | #6162 |
| FY 2023-24 | 3.11 | 0.0001% | −52.59% | 0.53% | < ₹1 Crore | 0.0000% | +83.33% | 0.02% | +3.00 | #7099 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | −76.85% | 0.14% | < ₹1 Crore | 0.0000% | +18.18% | 0.02% | +0.59 | #8525 |

- CAGR (7-year): exports 23.80%/yr, imports 10.87%/yr (consistently Surplus)

## Key trade insights: HSN Code 72142010 export-import analysis

### Consistent export growth: 23.80% CAGR over 7 years

India's exports under HSN Code 72142010 have grown at a compound annual rate of 23.80% over 7 fiscal years, rising from ₹0.20 Crore in FY 2018-19 to ₹0.72 Crore in FY 2024-25.

### HSN Code 72142010 ranked #8525 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72142010 ranks #8525 out of 12657 HSN codes by total export value. Within Sub-Chapter 7214, it ranks #8 of 9. By trade surplus, it ranks #4741 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 72142010 exports

The strongest single-year export movement for HSN Code 72142010 was recorded in FY 2022-23, when exports surged by 1,425.58% over the prior year.

### India maintains a trade surplus of ₹0.59 Crore in HSN Code 72142010 goods

In FY 2024-25, India's exports of ₹0.72 Cr exceeded imports of ₹0.13 Cr, resulting in a trade surplus of ₹0.59 Crore — ranking #4741 of 12657 by surplus magnitude.

### Import growth of 10.87% CAGR signals rising demand for Spring Steel Quality with Indentations or Ribs

India's imports under HSN Code 72142010 have grown at 10.87% CAGR, reaching ₹0.13 Crore in FY 2024-25.

### HSN Code 72142010 contributes 0.14% of Sub-Chapter 7214 exports — ranked #8

Among the 9 HSN codes under Sub-Chapter 7214, HSN Code 72142010 ranks #8 by export value — accounting for 0.14% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #8).

## 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](https://busy.in/hsn/hsn-72141010/) | ₹1 Cr |
| #8 | HSN Code 72142010: Spring Steel Quality with Indentations or Ribs (this hsn code) | < ₹1 Crore |
| #9 | [HSN Code 72149910: Other \| Other \| Of Spring Steel Quality](https://busy.in/hsn/hsn-72149910/) | < ₹1 Crore |