--- title: "HSN Code for Ingots And Other Primary Forms | HSN 72181000 GST Rate" description: "Find HSN and GST Rates for 72181000 related to Ingots And Other Primary Forms with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72181000/" --- # HSN Code 72181000: Ingots And Other Primary Forms - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/) - [Sub-chapter 7218: Stainless steel products](https://busy.in/hsn/sub-chapter-7218/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Ingots and other primary forms | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72181000 ? It includes Stainless steel semi-finished products | Other ### Do e‑way bill and e‑invoice apply for Ingots And Other Primary Forms? 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 should mixed supplies be billed when Ingots And Other Primary Forms is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ingots And Other Primary Forms; Nil for exempt items if applicable). ### How much GST applies to Ingots And Other Primary Forms? Under HSN 72181000, Ingots And Other Primary Forms attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Ingots And Other Primary Forms? 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 Ingots And Other Primary Forms? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 72181000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹12 Cr (−46.84% YoY) — 0.0003% of India's total exports - Imports: ₹19 Cr (−49.32% YoY) — 0.0003% of India's total imports - Trade balance: −₹7 Cr (Deficit); surplus rank #8818 of 12657 HSN codes - Share of Sub-Chapter 7218: 3.61% of its exports; import side 0.22% - Rank within Sub-Chapter 7218: #3 of 4 by export value; import-side #3 ### Key metrics - Export CAGR: 27.30% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5598 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +230.30% in FY 2021-22 - Contribution to Sub-Ch. 7218: 3.61% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72181000 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7218 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7218 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 2.77 | 0.0001% | — | 1.69% | 68.39 | 0.0019% | — | 17.55% | −65.62 | #6567 | | FY 2019-20 | 6.70 | 0.0003% | +141.88% | 5.70% | 65.06 | 0.0019% | −4.87% | 18.29% | −58.36 | #5495 | | FY 2020-21 | 3.63 | 0.0002% | −45.82% | 2.30% | 23.32 | 0.0008% | −64.16% | 10.31% | −19.69 | #6323 | | FY 2021-22 | 11.99 | 0.0004% | +230.30% | 4.17% | 36.08 | 0.0008% | +54.72% | 8.89% | −24.09 | #5250 | | FY 2022-23 | 26.12 | 0.0007% | +117.85% | 5.77% | 28.76 | 0.0005% | −20.29% | 0.35% | −2.64 | #4346 | | FY 2023-24 | 22.18 | 0.0006% | −15.08% | 9.03% | 37.00 | 0.0007% | +28.65% | 0.32% | −14.82 | #4623 | | FY 2024-25 | 11.79 | 0.0003% | −46.84% | 3.61% | 18.75 | 0.0003% | −49.32% | 0.22% | −6.96 | #5598 | - CAGR (7-year): exports 27.30%/yr, imports -19.40%/yr (consistently Deficit) ## Key trade insights: HSN Code 72181000 export-import analysis ### Consistent export growth: 27.30% CAGR over 7 years India's exports under HSN Code 72181000 have grown at a compound annual rate of 27.30% over 7 fiscal years, rising from ₹2.77 Crore in FY 2018-19 to ₹11.79 Crore in FY 2024-25. ### HSN Code 72181000 ranked #5598 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72181000 ranks #5598 out of 12657 HSN codes by total export value. Within Sub-Chapter 7218, it ranks #3 of 4. By trade surplus, it ranks #8818 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72181000 exports The strongest single-year export movement for HSN Code 72181000 was recorded in FY 2021-22, when exports surged by 230.30% over the prior year. ### India records a trade deficit of ₹6.96 Crore in HSN Code 72181000 goods In FY 2024-25, India's imports of ₹18.75 Cr exceeded exports of ₹11.79 Cr, resulting in a trade deficit of ₹6.96 Crore — ranking #8818 of 12657 by surplus magnitude. ### Import growth of -19.40% CAGR signals stable import dependency for Ingots And Other Primary Forms India's imports under HSN Code 72181000 have grown at -19.40% CAGR, reaching ₹18.75 Crore in FY 2024-25. ### HSN Code 72181000 contributes 3.61% of Sub-Chapter 7218 exports — ranked #3 Among the 4 HSN codes under Sub-Chapter 7218, HSN Code 72181000 ranks #3 by export value — accounting for 3.61% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.22% share (rank #3). ## Related HSN Codes in Sub-Chapter 7218 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72189910: Other \| Other \| Billets](https://busy.in/hsn/hsn-72189910/) | ₹289 Cr | | #2 | [HSN Code 72189990: Stainless steel semi-finished products \| Other](https://busy.in/hsn/hsn-72189990/) | ₹18 Cr | | #3 | HSN Code 72181000: Ingots And Other Primary Forms (this hsn code) | ₹12 Cr | | #4 | [HSN Code 72189100: Rectangular cross-section steel](https://busy.in/hsn/hsn-72189100/) | ₹7 Cr |