HSN Code 72155010: Mild Steel Bright Bar (Cold-Formed)

HSN Code 72155010 represents Mild Steel Bright Bar (Cold-Formed) under GST classification. This code helps businesses identify Mild Steel Bright Bar (Cold-Formed) correctly for billing, taxation, and trade. With HSN Code 72155010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Mild Steel Bright Bar (Cold-Formed).

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Description of Goods for HSN Code 72155010

HSN Code 72155010 relates to the following description.

Description of Goods

Other, not further worked than cold-formed or cold-finished : Mild steel bright bar

Chapter

72 - Iron and steel

Sub Chapter

7215 - Other bars and rods of iron or non-alloy steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72155010 not include?

Mild Steel Bright Bar (Cold-Formed) does not include products with the following descriptions.

HSN Code 72151000

Of free-cutting steel, not further worked than cold-formed or cold-finished

India’s Trade Performance — HSN Code 72155010 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

₹84 Cr

−23.45% vs FY 2023-24

0.0023% of India’s total exports

India’s Imports

FY 2024-25

₹1 Cr

+81.01% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹83 Cr

Trade Surplus

Surplus rank #1744 of 12657 HSN codes

% of Sub-Chapter 7215

FY 2024-25

7.11%

Share of Sub-Chapter 7215’s total exports in FY 2024-25

Import side: 1.12% of Sub-Chapter 7215’s imports

Rank Within Sub-Chapter 7215

FY 2024-25

#3 of 6

Position by export value among HSN codes in Sub-Chapter 7215

Import-side rank: #5 of 6

At a glance

28.32%

Export CAGR

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

#2896

National Export Rank

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

+108.59%

Peak Growth Year

FY 2021-22 · strongest single-year move

7.11%

Contribution to Sub-Ch. 7215

Share of Sub-Chapter 7215 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72155010

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 #4172

Balance

−3.40

Exports

18.91 ₹ Cr

0.0008% share

— YoY

3.76% of Sub-Ch. 7215

Imports

22.31 ₹ Cr

0.0006% share

— YoY

11.38% of Sub-Ch. 7215

FY 2019-20 Exp. Rank #3891

Balance

+12.55

Exports

23.83 ₹ Cr

0.0011% share

+26.02% YoY

4.54% of Sub-Ch. 7215

Imports

11.28 ₹ Cr

0.0003% share

−49.44% YoY

7.26% of Sub-Ch. 7215

FY 2020-21 Exp. Rank #3337

Balance

+34.08

Exports

37.93 ₹ Cr

0.0018% share

+59.17% YoY

7.34% of Sub-Ch. 7215

Imports

3.85 ₹ Cr

0.0001% share

−65.87% YoY

3.50% of Sub-Ch. 7215

FY 2021-22 Exp. Rank #2718

Balance

+78.30

Exports

79.12 ₹ Cr

0.0025% share

+108.59% YoY

8.92% of Sub-Ch. 7215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−78.70% YoY

0.64% of Sub-Ch. 7215

FY 2022-23 Exp. Rank #2131

Balance

+140.28

Exports

140.51 ₹ Cr

0.0039% share

+77.59% YoY

9.97% of Sub-Ch. 7215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−71.95% YoY

0.14% of Sub-Ch. 7215

FY 2023-24 Exp. Rank #2451

Balance

+109.51

Exports

110.30 ₹ Cr

0.0030% share

−21.50% YoY

8.25% of Sub-Ch. 7215

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+243.48% YoY

0.55% of Sub-Ch. 7215

FY 2024-25 Exp. Rank #2896

Balance

+83.01

Exports

84.44 ₹ Cr

0.0023% share

−23.45% YoY

7.11% of Sub-Ch. 7215

Imports

1.43 ₹ Cr

0.0000% share

+81.01% YoY

1.12% of Sub-Ch. 7215

CAGR · 7-Year

Exports

28.32% /yr

Imports

−36.74% /yr

Consistently Surplus
Sub-Chapter 7215 total

reference, FY 2024-25

Export

₹1,187.51 Cr

Import

₹127.58 Cr

Trade Balance

+1,059.93

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

Key Trade Insights: HSN Code 72155010 Export-Import Analysis

Consistent Export Growth: 28.32% CAGR Over 7 Years

India's exports under HSN Code 72155010 have grown at a compound annual rate of 28.32% over 7 fiscal years, rising from ₹18.91 Crore in FY 2018-19 to ₹84.44 Crore in FY 2024-25.

HSN Code 72155010 Ranked #2896 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72155010 ranks #2896 out of 12657 HSN codes by total export value. Within Sub-Chapter 7215, it ranks #3 of 6. By trade surplus, it ranks #1744 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72155010 Exports

The strongest single-year export movement for HSN Code 72155010 was recorded in FY 2021-22, when exports surged by 108.59% over the prior year.

India Maintains a Trade Surplus of ₹83.01 Crore in HSN Code 72155010 Goods

In FY 2024-25, India's exports of ₹84.44 Cr exceeded imports of ₹1.43 Cr, resulting in a trade surplus of ₹83.01 Crore — ranking #1744 of 12657 by surplus magnitude.

Import Growth of −36.74% CAGR Signals Stable Import Dependency for Mild Steel Bright Bar (Cold-Formed)

India's imports under HSN Code 72155010 have grown at −36.74% CAGR, reaching ₹1.43 Crore in FY 2024-25.

HSN Code 72155010 Contributes 7.11% of Sub-Chapter 7215 Exports — Ranked #3

Among the 6 HSN codes under Sub-Chapter 7215, HSN Code 72155010 ranks #3 by export value — accounting for 7.11% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.12% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72155010 and GST compliance.

What products are classified under HSN 72155010 ?

It includes Other : Plated or coated with other base metals

How should mixed supplies be billed when Mild Steel Bright Bar (Cold-Formed) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Mild Steel Bright Bar (Cold-Formed); Nil for exempt items if applicable).

Any common misclassification issue with Mild Steel Bright Bar (Cold-Formed)?

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 Mild Steel Bright Bar (Cold-Formed)?

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

Does packaging or labelling change the GST for Mild Steel Bright Bar (Cold-Formed)?

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.

How much GST applies to Mild Steel Bright Bar (Cold-Formed)?

Under HSN 72155010, Mild Steel Bright Bar (Cold-Formed) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Mild Steel Bright Bar (Cold-Formed)?

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.

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.