HSN Code 72161000: Stainless Steel Bars and Rods
HSN Code 72161000 represents Stainless Steel Bars and Rods under GST classification. This code helps businesses identify Stainless Steel Bars and Rods correctly for billing, taxation, and trade. With HSN Code 72161000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Stainless Steel Bars and Rods.
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Description of Goods for HSN Code 72161000
HSN Code 72161000 relates to the following description.
What does HSN Code 72161000 not include?
Stainless Steel Bars and Rods does not include products with the following descriptions.
L or T sections, not further worked than hotrolled, hot-drawn or extruded, of a height of less than 80 mm : L sections
L or T sections, not further worked than hotrolled, hot-drawn or extruded, of a height of less than 80 mm : T sections
U, I or H sections, not further worked than hot-rolled, hot-drawn or extruded of a height of 80 mm or more : U sections
U, I or H sections, not further worked than hot-rolled, hot-drawn or extruded of a height of 80 mm or more : I sections
U, I or H sections, not further worked than hot-rolled, hot-drawn or extruded of a height of 80 mm or more : H sections
L or T sections, not further worked than hot-rolled, hot-drawn or extruded, of a height of 80 mm or more
Other angles, shapes and sections, not further worked than hot-rolled, hot-drawn or extruded
Angles, shapes and sections, not further worked than cold-formed or cold-finished : Obtained from flat-rolled products
Angles, shapes and sections, not further worked than cold-formed or cold-finished : Other
Other: Cold-formed or cold-finished from flat rolled products
Other: Other : Plated or coated with zinc
Other: Other : Plated or coated with base metals other than zinc
Other: Other : Slotted angles and slotted channels
Other: Other : Forged
Other: Other : Other
L or T sections, not further worked than hotrolled, hot-drawn or extruded, of a height of less than 80 mm : L sections
L or T sections, not further worked than hotrolled, hot-drawn or extruded, of a height of less than 80 mm : T sections
U, I or H sections, not further worked than hot-rolled, hot-drawn or extruded of a height of 80 mm or more : U sections
U, I or H sections, not further worked than hot-rolled, hot-drawn or extruded of a height of 80 mm or more : I sections
U, I or H sections, not further worked than hot-rolled, hot-drawn or extruded of a height of 80 mm or more : H sections
L or T sections, not further worked than hot-rolled, hot-drawn or extruded, of a height of 80 mm or more
Other angles, shapes and sections, not further worked than hot-rolled, hot-drawn or extruded
Angles, shapes and sections, not further worked than cold-formed or cold-finished : Obtained from flat-rolled products
Angles, shapes and sections, not further worked than cold-formed or cold-finished : Other
Other: Cold-formed or cold-finished from flat rolled products
Other: Other : Plated or coated with zinc
Other: Other : Plated or coated with base metals other than zinc
Other: Other : Slotted angles and slotted channels
Other: Other : Forged
Other: Other : Other
India’s Trade Performance — HSN Code 72161000 in FY 2024-25
India’s Exports
FY 2024-25₹10 Cr
0.0003% of India’s total exports
India’s Imports
FY 2024-25₹12 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹1 Cr
Surplus rank #8039 of 12657 HSN codes
% of Sub-Chapter 7216
FY 2024-251.58%
Share of Sub-Chapter 7216’s total exports in FY 2024-25
Import side: 4.27% of Sub-Chapter 7216’s imports
Rank Within Sub-Chapter 7216
FY 2024-25#11 of 16
Position by export value among HSN codes in Sub-Chapter 7216
Import-side rank: #6 of 16
At a glance
−13.53%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5736
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+43.21%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.58%
Contribution to Sub-Ch. 7216
Share of Sub-Chapter 7216 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 72161000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+22.91
Exports
25.00 ₹ Cr
0.0011% share
— YoY
3.95% of Sub-Ch. 7216
Imports
2.09 ₹ Cr
0.0001% share
— YoY
0.92% of Sub-Ch. 7216
Balance
+31.27
Exports
32.00 ₹ Cr
0.0015% share
+28.00% YoY
5.66% of Sub-Ch. 7216
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−65.07% YoY
0.27% of Sub-Ch. 7216
Balance
+17.54
Exports
17.61 ₹ Cr
0.0008% share
−44.97% YoY
2.86% of Sub-Ch. 7216
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−90.41% YoY
0.03% of Sub-Ch. 7216
Balance
+24.90
Exports
25.22 ₹ Cr
0.0008% share
+43.21% YoY
2.02% of Sub-Ch. 7216
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+357.14% YoY
0.20% of Sub-Ch. 7216
Balance
+26.92
Exports
27.58 ₹ Cr
0.0008% share
+9.36% YoY
1.97% of Sub-Ch. 7216
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+106.25% YoY
0.40% of Sub-Ch. 7216
Balance
+13.31
Exports
17.77 ₹ Cr
0.0005% share
−35.57% YoY
2.17% of Sub-Ch. 7216
Imports
4.46 ₹ Cr
0.0001% share
+575.76% YoY
1.60% of Sub-Ch. 7216
Balance
−1.43
Exports
10.45 ₹ Cr
0.0003% share
−41.19% YoY
1.58% of Sub-Ch. 7216
Imports
11.88 ₹ Cr
0.0002% share
+166.37% YoY
4.27% of Sub-Ch. 7216
CAGR · 7-Year
Exports
−13.53% /yr
Imports
33.59% /yr
reference, FY 2024-25
Export
₹661.22 Cr
Import
₹278.51 Cr
Trade Balance
+382.71
Key Trade Insights: HSN Code 72161000 Export-Import Analysis
Export Decline: −13.53% CAGR Over 7 Years
India's exports under HSN Code 72161000 have declined at a compound annual rate of −13.53% over 7 fiscal years, falling from ₹25.00 Crore in FY 2018-19 to ₹10.45 Crore in FY 2024-25.
HSN Code 72161000 Ranked #5736 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 72161000 ranks #5736 out of 12657 HSN codes by total export value. Within Sub-Chapter 7216, it ranks #11 of 16. By trade surplus, it ranks #8039 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 72161000 Exports
The strongest single-year export movement for HSN Code 72161000 was recorded in FY 2021-22, when exports surged by 43.21% over the prior year.
India Records a Trade Deficit of ₹1.43 Crore in HSN Code 72161000 Goods
In FY 2024-25, India's imports of ₹11.88 Cr exceeded exports of ₹10.45 Cr, resulting in a trade deficit of ₹1.43 Crore — ranking #8039 of 12657 by surplus magnitude.
Import Growth of 33.59% CAGR Signals Rising Demand for Stainless Steel Bars and Rods
India's imports under HSN Code 72161000 have grown at 33.59% CAGR, reaching ₹11.88 Crore in FY 2024-25.
HSN Code 72161000 Contributes 1.58% of Sub-Chapter 7216 Exports — Ranked #11
Among the 16 HSN codes under Sub-Chapter 7216, HSN Code 72161000 ranks #11 by export value — accounting for 1.58% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.27% share (rank #6).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72161000 and GST compliance.
What products are classified under HSN 72161000 ?
It includes U sections (height >= 80mm): U-Channel
How should mixed supplies be billed when Stainless 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 Stainless Steel Bars and Rods; Nil for exempt items if applicable).
Any common misclassification issue with Stainless 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.
Do e‑way bill and e‑invoice apply for Stainless 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.
Can we claim ITC on inputs used to trade Stainless 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.
How much GST applies to Stainless Steel Bars and Rods?
Under HSN 72161000, Stainless Steel Bars and Rods attracts Varies when sold in taxable form. Describe the exact form on the invoice.