HSN Code 72189100: Rectangular cross-section steel
HSN Code 72189100 represents Rectangular cross-section steel under GST classification. This code helps businesses identify Rectangular cross-section steel correctly for billing, taxation, and trade. With HSN Code 72189100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Rectangular cross-section steel.
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Description of Goods for HSN Code 72189100
HSN Code 72189100 relates to the following description.
What does HSN Code 72189100 not include?
Rectangular cross-section steel does not include products with the following descriptions.
Ingots and other primary forms
Other : Other : Billets
Other : Other : Other
India’s Trade Performance — HSN Code 72189100 in FY 2024-25
India’s Exports
FY 2024-25₹7 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹6,491 Cr
0.1068% of India’s total imports
Trade Balance
FY 2024-25−₹6,483 Cr
Surplus rank #12570 of 12657 HSN codes
% of Sub-Chapter 7218
FY 2024-252.19%
Share of Sub-Chapter 7218’s total exports in FY 2024-25
Import side: 75.78% of Sub-Chapter 7218’s imports
Rank Within Sub-Chapter 7218
FY 2024-25#4 of 4
Position by export value among HSN codes in Sub-Chapter 7218
Import-side rank: #1 of 4
At a glance
137.23%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6207
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,382.42%
Peak Growth Year
FY 2023-24 · strongest single-year move
2.19%
Contribution to Sub-Ch. 7218
Share of Sub-Chapter 7218 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−5.63
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.02% of Sub-Ch. 7218
Imports
5.67 ₹ Cr
0.0002% share
— YoY
1.45% of Sub-Ch. 7218
Balance
−25.22
Exports
< ₹1 Crore ₹ Cr
0.0000% share
0.00% YoY
0.03% of Sub-Ch. 7218
Imports
25.26 ₹ Cr
0.0008% share
+345.50% YoY
7.10% of Sub-Ch. 7218
Balance
−2.18
Exports
< ₹1 Crore ₹ Cr
0.0000% share
0.00% YoY
0.03% of Sub-Ch. 7218
Imports
2.22 ₹ Cr
0.0001% share
−91.21% YoY
0.98% of Sub-Ch. 7218
Balance
+0.03
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+200.00% YoY
0.04% of Sub-Ch. 7218
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−95.95% YoY
0.02% of Sub-Ch. 7218
Balance
−7,695.10
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+658.33% YoY
0.20% of Sub-Ch. 7218
Imports
7,696.01 ₹ Cr
0.1339% share
+85,51,022.22% YoY
93.17% of Sub-Ch. 7218
Balance
−10,562.27
Exports
13.49 ₹ Cr
0.0004% share
+1,382.42% YoY
5.49% of Sub-Ch. 7218
Imports
10,575.76 ₹ Cr
0.1883% share
+37.42% YoY
90.39% of Sub-Ch. 7218
Balance
−6,483.41
Exports
7.13 ₹ Cr
0.0002% share
−47.15% YoY
2.19% of Sub-Ch. 7218
Imports
6,490.54 ₹ Cr
0.1068% share
−38.63% YoY
75.78% of Sub-Ch. 7218
CAGR · 7-Year
Exports
137.23% /yr
Imports
223.43% /yr
reference, FY 2024-25
Export
₹326.21 Cr
Import
₹8,564.56 Cr
Trade Balance
−8,238.35
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72189100 and GST compliance.
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).