--- title: "HSN Code for Rectangular cross-section steel | HSN 72189100 GST Rate" description: "Find HSN and GST Rates for 72189100 related to Rectangular cross-section steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72189100/" --- # HSN Code 72189100: Rectangular cross-section steel - [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 | | --- | --- | --- | --- | --- | | Other : Of rectangular (other than square) cross-section | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72189100 ? It includes Hot-Rolled Stainless Steel (≥10mm, Other Chromium, >14mm) ### Does packaging or labelling change the GST for Rectangular cross-section steel? 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. ### Can we claim ITC on inputs used to trade Rectangular cross-section steel? 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 Rectangular cross-section steel? Under HSN 72189100, Rectangular cross-section steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Rectangular cross-section steel? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Rectangular cross-section steel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Rectangular cross-section steel; Nil for exempt items if applicable). ## India's trade performance: HSN Code 72189100 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹7 Cr (−47.15% YoY) — 0.0002% of India's total exports - Imports: ₹6,491 Cr (−38.63% YoY) — 0.1068% of India's total imports - Trade balance: −₹6,483 Cr (Deficit); surplus rank #12570 of 12657 HSN codes - Share of Sub-Chapter 7218: 2.19% of its exports; import side 75.78% - Rank within Sub-Chapter 7218: #4 of 4 by export value; import-side #1 ### Key metrics - Export CAGR: 137.23% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6207 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,382.42% in FY 2023-24 - Contribution to Sub-Ch. 7218: 2.19% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72189100 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 | < ₹1 Crore | 0.0000% | — | 0.02% | 5.67 | 0.0002% | — | 1.45% | −5.63 | #9577 | | FY 2019-20 | < ₹1 Crore | 0.0000% | 0.00% | 0.03% | 25.26 | 0.0008% | +345.50% | 7.10% | −25.22 | #9534 | | FY 2020-21 | < ₹1 Crore | 0.0000% | 0.00% | 0.03% | 2.22 | 0.0001% | −91.21% | 0.98% | −2.18 | #9622 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +200.00% | 0.04% | < ₹1 Crore | 0.0000% | −95.95% | 0.02% | +0.03 | #9460 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +658.33% | 0.20% | 7,696.01 | 0.1339% | +85,51,022.22% | 93.17% | −7,695.10 | #8185 | | FY 2023-24 | 13.49 | 0.0004% | +1,382.42% | 5.49% | 10,575.76 | 0.1883% | +37.42% | 90.39% | −10,562.27 | #5319 | | FY 2024-25 | 7.13 | 0.0002% | −47.15% | 2.19% | 6,490.54 | 0.1068% | −38.63% | 75.78% | −6,483.41 | #6207 | - CAGR (7-year): exports 137.23%/yr, imports 223.43%/yr (consistently Deficit) ## Key trade insights: HSN Code 72189100 export-import analysis ### Consistent export growth: 137.23% CAGR over 7 years India's exports under HSN Code 72189100 have grown at a compound annual rate of 137.23% over 7 fiscal years, rising from ₹0.04 Crore in FY 2018-19 to ₹7.13 Crore in FY 2024-25. ### HSN Code 72189100 ranked #6207 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72189100 ranks #6207 out of 12657 HSN codes by total export value. Within Sub-Chapter 7218, it ranks #4 of 4. By trade surplus, it ranks #12570 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 72189100 exports The strongest single-year export movement for HSN Code 72189100 was recorded in FY 2023-24, when exports surged by 1,382.42% over the prior year. ### India records a trade deficit of ₹6,483.41 Crore in HSN Code 72189100 goods In FY 2024-25, India's imports of ₹6,490.54 Cr exceeded exports of ₹7.13 Cr, resulting in a trade deficit of ₹6,483.41 Crore — ranking #12570 of 12657 by surplus magnitude. ### Import growth of 223.43% CAGR signals rising demand for Rectangular cross-section steel India's imports under HSN Code 72189100 have grown at 223.43% CAGR, reaching ₹6,490.54 Crore in FY 2024-25. ### HSN Code 72189100 contributes 2.19% of Sub-Chapter 7218 exports — ranked #4 Among the 4 HSN codes under Sub-Chapter 7218, HSN Code 72189100 ranks #4 by export value — accounting for 2.19% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 75.78% share (rank #1). ## 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](https://busy.in/hsn/hsn-72181000/) | ₹12 Cr | | #4 | HSN Code 72189100: Rectangular cross-section steel (this hsn code) | ₹7 Cr |