HSN Code 72181000: Ingots And Other Primary Forms
HSN Code 72181000 represents Ingots And Other Primary Forms under GST classification. This code helps businesses identify Ingots And Other Primary Forms correctly for billing, taxation, and trade. With HSN Code 72181000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ingots And Other Primary Forms.
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Description of Goods for HSN Code 72181000
HSN Code 72181000 relates to the following description.
What does HSN Code 72181000 not include?
Ingots And Other Primary Forms does not include products with the following descriptions.
Other : Of rectangular (other than square) cross-section
Other : Other : Billets
Other : Other : Other
India’s Trade Performance — HSN Code 72181000 in FY 2024-25
India’s Exports
FY 2024-25₹12 Cr
0.0003% of India’s total exports
India’s Imports
FY 2024-25₹19 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25−₹7 Cr
Surplus rank #8818 of 12657 HSN codes
% of Sub-Chapter 7218
FY 2024-253.61%
Share of Sub-Chapter 7218’s total exports in FY 2024-25
Import side: 0.22% of Sub-Chapter 7218’s imports
Rank Within Sub-Chapter 7218
FY 2024-25#3 of 4
Position by export value among HSN codes in Sub-Chapter 7218
Import-side rank: #3 of 4
At a glance
27.30%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5598
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+230.30%
Peak Growth Year
FY 2021-22 · strongest single-year move
3.61%
Contribution to Sub-Ch. 7218
Share of Sub-Chapter 7218 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−65.62
Exports
2.77 ₹ Cr
0.0001% share
— YoY
1.69% of Sub-Ch. 7218
Imports
68.39 ₹ Cr
0.0019% share
— YoY
17.55% of Sub-Ch. 7218
Balance
−58.36
Exports
6.70 ₹ Cr
0.0003% share
+141.88% YoY
5.70% of Sub-Ch. 7218
Imports
65.06 ₹ Cr
0.0019% share
−4.87% YoY
18.29% of Sub-Ch. 7218
Balance
−19.69
Exports
3.63 ₹ Cr
0.0002% share
−45.82% YoY
2.30% of Sub-Ch. 7218
Imports
23.32 ₹ Cr
0.0008% share
−64.16% YoY
10.31% of Sub-Ch. 7218
Balance
−24.09
Exports
11.99 ₹ Cr
0.0004% share
+230.30% YoY
4.17% of Sub-Ch. 7218
Imports
36.08 ₹ Cr
0.0008% share
+54.72% YoY
8.89% of Sub-Ch. 7218
Balance
−2.64
Exports
26.12 ₹ Cr
0.0007% share
+117.85% YoY
5.77% of Sub-Ch. 7218
Imports
28.76 ₹ Cr
0.0005% share
−20.29% YoY
0.35% of Sub-Ch. 7218
Balance
−14.82
Exports
22.18 ₹ Cr
0.0006% share
−15.08% YoY
9.03% of Sub-Ch. 7218
Imports
37.00 ₹ Cr
0.0007% share
+28.65% YoY
0.32% of Sub-Ch. 7218
Balance
−6.96
Exports
11.79 ₹ Cr
0.0003% share
−46.84% YoY
3.61% of Sub-Ch. 7218
Imports
18.75 ₹ Cr
0.0003% share
−49.32% YoY
0.22% of Sub-Ch. 7218
CAGR · 7-Year
Exports
27.30% /yr
Imports
−19.40% /yr
reference, FY 2024-25
Export
₹326.21 Cr
Import
₹8,564.56 Cr
Trade Balance
−8,238.35
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72181000 and GST compliance.
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.