HSN Code 72159090: Other bars and rods of non-alloy steel | Other

HSN Code 72159090 represents Other bars and rods of non-alloy steel | Other under GST classification. This code helps businesses identify Other bars and rods of non-alloy steel | Other correctly for billing, taxation, and trade. With HSN Code 72159090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other bars and rods of non-alloy steel | Other.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 72159090

HSN Code 72159090 relates to the following description.

Description of Goods

Other : Other

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 72159090 not include?

Other bars and rods of non-alloy steel | Other does not include products with the following descriptions.

HSN Code 72151000

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

HSN Code 72155010

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

India’s Trade Performance — HSN Code 72159090 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

₹870 Cr

+2.41% vs FY 2023-24

0.0236% of India’s total exports

India’s Imports

FY 2024-25

₹63 Cr

−11.44% vs FY 2023-24

0.0010% of India’s total imports

Trade Balance

FY 2024-25

₹807 Cr

Trade Surplus

Surplus rank #422 of 12657 HSN codes

% of Sub-Chapter 7215

FY 2024-25

73.25%

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

Import side: 49.47% of Sub-Chapter 7215’s imports

Rank Within Sub-Chapter 7215

FY 2024-25

#1 of 6

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

Import-side rank: #1 of 6

At a glance

16.65%

Export CAGR

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

#595

National Export Rank

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

+67.28%

Peak Growth Year

FY 2021-22 · strongest single-year move

73.25%

Contribution to Sub-Ch. 7215

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

India Export-Import Trade Statistics for HSN Code 72159090

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 #898

Balance

+298.82

Exports

345.20 ₹ Cr

0.0151% share

— YoY

68.68% of Sub-Ch. 7215

Imports

46.38 ₹ Cr

0.0013% share

— YoY

23.67% of Sub-Ch. 7215

FY 2019-20 Exp. Rank #848

Balance

+319.94

Exports

362.01 ₹ Cr

0.0164% share

+4.87% YoY

69.00% of Sub-Ch. 7215

Imports

42.07 ₹ Cr

0.0013% share

−9.29% YoY

27.07% of Sub-Ch. 7215

FY 2020-21 Exp. Rank #955

Balance

+290.74

Exports

324.98 ₹ Cr

0.0151% share

−10.23% YoY

62.91% of Sub-Ch. 7215

Imports

34.24 ₹ Cr

0.0012% share

−18.61% YoY

31.15% of Sub-Ch. 7215

FY 2021-22 Exp. Rank #795

Balance

+474.95

Exports

543.62 ₹ Cr

0.0173% share

+67.28% YoY

61.29% of Sub-Ch. 7215

Imports

68.67 ₹ Cr

0.0015% share

+100.55% YoY

53.44% of Sub-Ch. 7215

FY 2022-23 Exp. Rank #559

Balance

+807.33

Exports

886.97 ₹ Cr

0.0245% share

+63.16% YoY

62.96% of Sub-Ch. 7215

Imports

79.64 ₹ Cr

0.0014% share

+15.98% YoY

47.66% of Sub-Ch. 7215

FY 2023-24 Exp. Rank #584

Balance

+778.14

Exports

849.40 ₹ Cr

0.0235% share

−4.24% YoY

63.51% of Sub-Ch. 7215

Imports

71.26 ₹ Cr

0.0013% share

−10.52% YoY

49.28% of Sub-Ch. 7215

FY 2024-25 Exp. Rank #595

Balance

+806.72

Exports

869.83 ₹ Cr

0.0236% share

+2.41% YoY

73.25% of Sub-Ch. 7215

Imports

63.11 ₹ Cr

0.0010% share

−11.44% YoY

49.47% of Sub-Ch. 7215

CAGR · 7-Year

Exports

16.65% /yr

Imports

5.27% /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 72159090 Export-Import Analysis

Consistent Export Growth: 16.65% CAGR Over 7 Years

India's exports under HSN Code 72159090 have grown at a compound annual rate of 16.65% over 7 fiscal years, rising from ₹345.20 Crore in FY 2018-19 to ₹869.83 Crore in FY 2024-25.

HSN Code 72159090 Ranked #595 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72159090 ranks #595 out of 12657 HSN codes by total export value. Within Sub-Chapter 7215, it ranks #1 of 6. By trade surplus, it ranks #422 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72159090 Exports

The strongest single-year export movement for HSN Code 72159090 was recorded in FY 2021-22, when exports surged by 67.28% over the prior year.

India Maintains a Trade Surplus of ₹806.72 Crore in HSN Code 72159090 Goods

In FY 2024-25, India's exports of ₹869.83 Cr exceeded imports of ₹63.11 Cr, resulting in a trade surplus of ₹806.72 Crore — ranking #422 of 12657 by surplus magnitude.

Import Growth of 5.27% CAGR Signals Stable Import Dependency for Other bars and rods of non-alloy steel | Other

India's imports under HSN Code 72159090 have grown at 5.27% CAGR, reaching ₹63.11 Crore in FY 2024-25.

HSN Code 72159090 Contributes 73.25% of Sub-Chapter 7215 Exports — Ranked #1

Among the 6 HSN codes under Sub-Chapter 7215, HSN Code 72159090 ranks #1 by export value — accounting for 73.25% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 49.47% share (rank #1).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 72159090 and GST compliance.

What products are classified under HSN 72159090 ?

It includes T Sections (< 80 mm)

How much GST applies to Other bars and rods of non-alloy steel / Other?

Under HSN 72159090, Other bars and rods of non-alloy steel / Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Other bars and rods of 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.

How should mixed supplies be billed when Other bars and rods of 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 non-alloy steel / Other; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Other bars and rods of 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 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.

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.