HSN Code 72149990: Other bars and rods of iron or non-alloy steel | Other
HSN Code 72149990 represents Other bars and rods of iron or non-alloy steel | Other under GST classification. This code helps businesses identify Other bars and rods of iron or non-alloy steel | Other correctly for billing, taxation, and trade. With HSN Code 72149990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other bars and rods of iron or non-alloy steel | Other.
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Description of Goods for HSN Code 72149990
HSN Code 72149990 relates to the following description.
What does HSN Code 72149990 not include?
Other bars and rods of iron or non-alloy steel | Other 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 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
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 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
India’s Trade Performance — HSN Code 72149990 in FY 2024-25
India’s Exports
FY 2024-25₹130 Cr
0.0035% of India’s total exports
India’s Imports
FY 2024-25₹230 Cr
0.0038% of India’s total imports
Trade Balance
FY 2024-25−₹100 Cr
Surplus rank #10797 of 12657 HSN codes
% of Sub-Chapter 7214
FY 2024-2524.37%
Share of Sub-Chapter 7214’s total exports in FY 2024-25
Import side: 27.82% of Sub-Chapter 7214’s imports
Rank Within Sub-Chapter 7214
FY 2024-25#2 of 9
Position by export value among HSN codes in Sub-Chapter 7214
Import-side rank: #2 of 9
At a glance
−5.36%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2343
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+141.75%
Peak Growth Year
FY 2020-21 · strongest single-year move
24.37%
Contribution to Sub-Ch. 7214
Share of Sub-Chapter 7214 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 72149990
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+25.59
Exports
180.88 ₹ Cr
0.0079% share
— YoY
16.51% of Sub-Ch. 7214
Imports
155.29 ₹ Cr
0.0043% share
— YoY
15.32% of Sub-Ch. 7214
Balance
+98.93
Exports
267.33 ₹ Cr
0.0121% share
+47.79% YoY
22.26% of Sub-Ch. 7214
Imports
168.40 ₹ Cr
0.0050% share
+8.44% YoY
17.45% of Sub-Ch. 7214
Balance
+537.06
Exports
646.28 ₹ Cr
0.0300% share
+141.75% YoY
33.58% of Sub-Ch. 7214
Imports
109.22 ₹ Cr
0.0037% share
−35.14% YoY
22.41% of Sub-Ch. 7214
Balance
+652.86
Exports
750.25 ₹ Cr
0.0239% share
+16.09% YoY
14.27% of Sub-Ch. 7214
Imports
97.39 ₹ Cr
0.0021% share
−10.83% YoY
62.80% of Sub-Ch. 7214
Balance
−71.02
Exports
115.30 ₹ Cr
0.0032% share
−84.63% YoY
14.88% of Sub-Ch. 7214
Imports
186.32 ₹ Cr
0.0032% share
+91.31% YoY
41.52% of Sub-Ch. 7214
Balance
−145.58
Exports
186.32 ₹ Cr
0.0051% share
+61.60% YoY
31.64% of Sub-Ch. 7214
Imports
331.90 ₹ Cr
0.0059% share
+78.13% YoY
50.51% of Sub-Ch. 7214
Balance
−100.05
Exports
129.96 ₹ Cr
0.0035% share
−30.25% YoY
24.37% of Sub-Ch. 7214
Imports
230.01 ₹ Cr
0.0038% share
−30.70% YoY
27.82% of Sub-Ch. 7214
CAGR · 7-Year
Exports
−5.36% /yr
Imports
6.77% /yr
reference, FY 2024-25
Export
₹533.36 Cr
Import
₹826.79 Cr
Trade Balance
−293.43
Key Trade Insights: HSN Code 72149990 Export-Import Analysis
Export Decline: −5.36% CAGR Over 7 Years
India's exports under HSN Code 72149990 have declined at a compound annual rate of −5.36% over 7 fiscal years, falling from ₹180.88 Crore in FY 2018-19 to ₹129.96 Crore in FY 2024-25.
HSN Code 72149990 Ranked #2343 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 72149990 ranks #2343 out of 12657 HSN codes by total export value. Within Sub-Chapter 7214, it ranks #2 of 9. By trade surplus, it ranks #10797 of 12657.
FY 2020-21 Was the Strongest Growth Year for HSN Code 72149990 Exports
The strongest single-year export movement for HSN Code 72149990 was recorded in FY 2020-21, when exports surged by 141.75% over the prior year.
India Records a Trade Deficit of ₹100.05 Crore in HSN Code 72149990 Goods
In FY 2024-25, India's imports of ₹230.01 Cr exceeded exports of ₹129.96 Cr, resulting in a trade deficit of ₹100.05 Crore — ranking #10797 of 12657 by surplus magnitude.
Import Growth of 6.77% CAGR Signals Stable Import Dependency for Other bars and rods of iron or non-alloy steel | Other
India's imports under HSN Code 72149990 have grown at 6.77% CAGR, reaching ₹230.01 Crore in FY 2024-25.
HSN Code 72149990 Contributes 24.37% of Sub-Chapter 7214 Exports — Ranked #2
Among the 9 HSN codes under Sub-Chapter 7214, HSN Code 72149990 ranks #2 by export value — accounting for 24.37% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 27.82% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72149990 and GST compliance.
What products are classified under HSN 72149990 ?
It includes Cold-formed steel, other
Can we claim ITC on inputs used to trade Other bars and rods of iron or non-alloy steel / 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 Other bars and rods of iron or non-alloy steel / 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.
Does packaging or labelling change the GST for Other bars and rods of iron or non-alloy steel / Other?
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 bars and rods of iron or non-alloy steel / Other?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
How should mixed supplies be billed when Other bars and rods of iron or non-alloy steel / Other is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other bars and rods of iron or non-alloy steel / Other; Nil for exempt items if applicable).
How much GST applies to Other bars and rods of iron or non-alloy steel / Other?
Under HSN 72149990, Other bars and rods of iron or non-alloy steel / Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.