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HSN Code 72143000: Other Free-Cutting Steel Bars and Rods
HSN Code 72143000 represents Other Free-Cutting Steel Bars and Rods under GST classification. This code helps businesses identify Other Free-Cutting Steel Bars and Rods correctly for billing, taxation, and trade. With HSN Code 72143000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Free-Cutting Steel Bars and Rods.
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Description of Goods for HSN Code 72143000
HSN Code 72143000 relates to the following description.
What does HSN Code 72143000 not include?
Other Free-Cutting Steel Bars and Rods does not include products with the following descriptions.
Forged : Spring steel quality
Forged : Other
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 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
Forged : Other
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 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 72143000 in FY 2025-26
India’s Exports
FY 2025-26₹6 Cr
0.0002% of India’s total exports
India’s Imports
FY 2025-26< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2025-26₹6 Cr
Surplus rank #3722 of 12872 HSN codes
% of Sub-Chapter 7214
FY 2025-260.76%
Share of Sub-Chapter 7214’s total exports in FY 2025-26
Import side: 0.05% of Sub-Chapter 7214’s imports
Rank Within Sub-Chapter 7214
FY 2025-26#6 of 9
Position by export value among HSN codes in Sub-Chapter 7214
Import-side rank: #7 of 9
At a glance
18.11%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#6532
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+156.97%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.76%
Contribution to Sub-Ch. 7214
Share of Sub-Chapter 7214 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72143000
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−4.72
Exports
1.93 ₹ Cr
0.0001% share
— YoY
0.18% of Sub-Ch. 7214
Imports
6.65 ₹ Cr
0.0002% share
— YoY
0.66% of Sub-Ch. 7214
Balance
+1.52
Exports
2.53 ₹ Cr
0.0001% share
+31.09% YoY
0.21% of Sub-Ch. 7214
Imports
1.01 ₹ Cr
0.0000% share
−84.81% YoY
0.10% of Sub-Ch. 7214
Balance
+2.44
Exports
3.23 ₹ Cr
0.0002% share
+27.67% YoY
0.17% of Sub-Ch. 7214
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−21.78% YoY
0.16% of Sub-Ch. 7214
Balance
+7.06
Exports
8.30 ₹ Cr
0.0003% share
+156.97% YoY
0.16% of Sub-Ch. 7214
Imports
1.24 ₹ Cr
0.0000% share
+56.96% YoY
0.80% of Sub-Ch. 7214
Balance
+5.92
Exports
6.83 ₹ Cr
0.0002% share
−17.71% YoY
0.88% of Sub-Ch. 7214
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−26.61% YoY
0.20% of Sub-Ch. 7214
Balance
+5.56
Exports
6.18 ₹ Cr
0.0002% share
−9.52% YoY
1.05% of Sub-Ch. 7214
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−31.87% YoY
0.09% of Sub-Ch. 7214
Balance
+5.12
Exports
5.41 ₹ Cr
0.0001% share
−12.46% YoY
1.01% of Sub-Ch. 7214
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−53.23% YoY
0.04% of Sub-Ch. 7214
Balance
+5.88
Exports
6.19 ₹ Cr
0.0002% share
+14.42% YoY
0.76% of Sub-Ch. 7214
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+6.90% YoY
0.05% of Sub-Ch. 7214
CAGR · 8-Year
Exports
18.11% /yr
Imports
−35.47% /yr
reference, FY 2025-26
Export
₹810.37 Cr
Import
₹602.37 Cr
Trade Balance
+208.00
Key Trade Insights: HSN Code 72143000 Export-Import Analysis
Consistent Export Growth: 18.11% CAGR Over 8 Years
India's exports under HSN Code 72143000 have grown at a compound annual rate of 18.11% over 8 fiscal years, rising from ₹1.93 Crore in FY 2018-19 to ₹6.19 Crore in FY 2025-26.
HSN Code 72143000 Ranked #6532 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72143000 ranks #6532 out of 12872 HSN codes by total export value. Within Sub-Chapter 7214, it ranks #6 of 9. By trade surplus, it ranks #3722 of 12872.
FY 2021-22 Was the Strongest Growth Year for HSN Code 72143000 Exports
The strongest single-year export movement for HSN Code 72143000 was recorded in FY 2021-22, when exports surged by 156.97% over the prior year.
India Maintains a Trade Surplus of ₹5.88 Crore in HSN Code 72143000 Goods
In FY 2025-26, India's exports of ₹6.19 Cr exceeded imports of ₹0.31 Cr, resulting in a trade surplus of ₹5.88 Crore — ranking #3722 of 12872 by surplus magnitude.
Import Growth of −35.47% CAGR Signals Stable Import Dependency for Other Free-Cutting Steel Bars and Rods
India's imports under HSN Code 72143000 have grown at −35.47% CAGR, reaching ₹0.31 Crore in FY 2025-26.
HSN Code 72143000 Contributes 0.76% of Sub-Chapter 7214 Exports — Ranked #6
Among the 9 HSN codes under Sub-Chapter 7214, HSN Code 72143000 ranks #6 by export value — accounting for 0.76% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.05% share (rank #7).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72143000 and GST compliance.
What products are classified under HSN 72143000 ?
It includes Other | Other | Of Spring Steel Quality
How should mixed supplies be billed when Other Free-Cutting 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 Free-Cutting Steel Bars and Rods; Nil for exempt items if applicable).
Does packaging or labelling change the GST for Other Free-Cutting Steel 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 Other Free-Cutting 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 Free-Cutting 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 Free-Cutting 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 much GST applies to Other Free-Cutting Steel Bars and Rods?
Under HSN 72143000, Other Free-Cutting Steel Bars and Rods attracts Varies when sold in taxable form. Describe the exact form on the invoice.