Find GST Rates & HSN
HSN Code 72159020: Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals
HSN Code 72159020 represents Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals under GST classification. This code helps businesses identify Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals correctly for billing, taxation, and trade. With HSN Code 72159020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals.
Don’t Let HSN Mistakes Affect Your GST Filing
Manage correct HSN codes and GST rates with BUSY.
Description of Goods for HSN Code 72159020
HSN Code 72159020 relates to the following description.
What does HSN Code 72159020 not include?
Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals does not include products with the following descriptions.
Of free-cutting steel, not further worked than cold-formed or cold-finished
Other, not further worked than cold-formed or cold-finished : Mild steel bright bar
Other, not further worked than cold-formed or cold-finished : Other
Other : Plated or coated with zinc
Other : Other
Of free-cutting steel, not further worked than cold-formed or cold-finished
Other, not further worked than cold-formed or cold-finished : Mild steel bright bar
Other, not further worked than cold-formed or cold-finished : Other
Other : Plated or coated with zinc
Other : Other
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Trade Performance — HSN Code 72159020 in FY 2025-26
India’s Exports
FY 2025-26₹214 Cr
0.0055% 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₹213 Cr
Surplus rank #1159 of 12872 HSN codes
% of Sub-Chapter 7215
FY 2025-2618.49%
Share of Sub-Chapter 7215’s total exports in FY 2025-26
Import side: 0.48% of Sub-Chapter 7215’s imports
Rank Within Sub-Chapter 7215
FY 2025-26#2 of 6
Position by export value among HSN codes in Sub-Chapter 7215
Import-side rank: #5 of 6
At a glance
16.15%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#1888
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+67.14%
Peak Growth Year
FY 2025-26 · strongest single-year move
18.49%
Contribution to Sub-Ch. 7215
Share of Sub-Chapter 7215 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72159020
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+71.06
Exports
75.04 ₹ Cr
0.0033% share
— YoY
14.93% of Sub-Ch. 7215
Imports
3.98 ₹ Cr
0.0001% share
— YoY
2.03% of Sub-Ch. 7215
Balance
+74.77
Exports
79.98 ₹ Cr
0.0036% share
+6.58% YoY
15.25% of Sub-Ch. 7215
Imports
5.21 ₹ Cr
0.0002% share
+30.90% YoY
3.35% of Sub-Ch. 7215
Balance
+95.14
Exports
98.60 ₹ Cr
0.0046% share
+23.28% YoY
19.09% of Sub-Ch. 7215
Imports
3.46 ₹ Cr
0.0001% share
−33.59% YoY
3.15% of Sub-Ch. 7215
Balance
+138.35
Exports
142.35 ₹ Cr
0.0045% share
+44.37% YoY
16.05% of Sub-Ch. 7215
Imports
4.00 ₹ Cr
0.0001% share
+15.61% YoY
3.11% of Sub-Ch. 7215
Balance
+212.39
Exports
218.88 ₹ Cr
0.0060% share
+53.76% YoY
15.54% of Sub-Ch. 7215
Imports
6.49 ₹ Cr
0.0001% share
+62.25% YoY
3.88% of Sub-Ch. 7215
Balance
+187.48
Exports
192.51 ₹ Cr
0.0053% share
−12.05% YoY
14.39% of Sub-Ch. 7215
Imports
5.03 ₹ Cr
0.0001% share
−22.50% YoY
3.48% of Sub-Ch. 7215
Balance
+120.15
Exports
128.01 ₹ Cr
0.0035% share
−33.50% YoY
10.78% of Sub-Ch. 7215
Imports
7.86 ₹ Cr
0.0001% share
+56.26% YoY
6.16% of Sub-Ch. 7215
Balance
+213.46
Exports
213.95 ₹ Cr
0.0055% share
+67.14% YoY
18.49% of Sub-Ch. 7215
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−93.77% YoY
0.48% of Sub-Ch. 7215
CAGR · 8-Year
Exports
16.15% /yr
Imports
−25.86% /yr
reference, FY 2025-26
Export
₹1,157.41 Cr
Import
₹101.35 Cr
Trade Balance
+1,056.06
Key Trade Insights: HSN Code 72159020 Export-Import Analysis
Consistent Export Growth: 16.15% CAGR Over 8 Years
India's exports under HSN Code 72159020 have grown at a compound annual rate of 16.15% over 8 fiscal years, rising from ₹75.04 Crore in FY 2018-19 to ₹213.95 Crore in FY 2025-26.
HSN Code 72159020 Ranked #1888 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72159020 ranks #1888 out of 12872 HSN codes by total export value. Within Sub-Chapter 7215, it ranks #2 of 6. By trade surplus, it ranks #1159 of 12872.
FY 2025-26 Was the Strongest Growth Year for HSN Code 72159020 Exports
The strongest single-year export movement for HSN Code 72159020 was recorded in FY 2025-26, when exports surged by 67.14% over the prior year.
India Maintains a Trade Surplus of ₹213.46 Crore in HSN Code 72159020 Goods
In FY 2025-26, India's exports of ₹213.95 Cr exceeded imports of ₹0.49 Cr, resulting in a trade surplus of ₹213.46 Crore — ranking #1159 of 12872 by surplus magnitude.
Import Growth of −25.86% CAGR Signals Stable Import Dependency for Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals
India's imports under HSN Code 72159020 have grown at −25.86% CAGR, reaching ₹0.49 Crore in FY 2025-26.
HSN Code 72159020 Contributes 18.49% of Sub-Chapter 7215 Exports — Ranked #2
Among the 6 HSN codes under Sub-Chapter 7215, HSN Code 72159020 ranks #2 by export value — accounting for 18.49% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.48% share (rank #5).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72159020 and GST compliance.
What products are classified under HSN 72159020 ?
It includes L Sections (<80mm)
Do e‑way bill and e‑invoice apply for Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals?
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 Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals?
Under HSN 72159020, Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals attracts Varies when sold in taxable form. Describe the exact form on the invoice.
How should mixed supplies be billed when Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals; Nil for exempt items if applicable).
Can we claim ITC on inputs used to trade Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Any common misclassification issue with Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals?
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 Iron or Non-Alloy Steel Bars and Rods Coated With Other Base Metals?
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.