HSN Code 72189990: Stainless steel semi-finished products | Other

HSN Code 72189990 represents Stainless steel semi-finished products | Other under GST classification. This code helps businesses identify Stainless steel semi-finished products | Other correctly for billing, taxation, and trade. With HSN Code 72189990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Stainless steel semi-finished products | Other.

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Description of Goods for HSN Code 72189990

HSN Code 72189990 relates to the following description.

Description of Goods

Other : Other : Other

Chapter

72 - Iron and steel

Sub Chapter

7218 - Stainless steel in ingots or other primary forms; semi-finished products of stainless steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72189990 not include?

Stainless steel semi-finished products | Other does not include products with the following descriptions.

India’s Trade Performance — HSN Code 72189990 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹18 Cr

+17.78% vs FY 2023-24

0.0005% of India’s total exports

India’s Imports

FY 2024-25

₹10 Cr

+13.22% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

₹8 Cr

Trade Surplus

Surplus rank #3492 of 12657 HSN codes

% of Sub-Chapter 7218

FY 2024-25

5.50%

Share of Sub-Chapter 7218’s total exports in FY 2024-25

Import side: 0.12% of Sub-Chapter 7218’s imports

Rank Within Sub-Chapter 7218

FY 2024-25

#2 of 4

Position by export value among HSN codes in Sub-Chapter 7218

Import-side rank: #4 of 4

At a glance

−10.85%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#5018

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+62.56%

Peak Growth Year

FY 2021-22 · strongest single-year move

5.50%

Contribution to Sub-Ch. 7218

Share of Sub-Chapter 7218 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72189990

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #3347

Balance

+26.37

Exports

35.75 ₹ Cr

0.0016% share

— YoY

21.76% of Sub-Ch. 7218

Imports

9.38 ₹ Cr

0.0003% share

— YoY

2.41% of Sub-Ch. 7218

FY 2019-20 Exp. Rank #3869

Balance

+11.40

Exports

24.12 ₹ Cr

0.0011% share

−32.53% YoY

20.52% of Sub-Ch. 7218

Imports

12.72 ₹ Cr

0.0004% share

+35.61% YoY

3.58% of Sub-Ch. 7218

FY 2020-21 Exp. Rank #3958

Balance

−4.09

Exports

23.88 ₹ Cr

0.0011% share

−1.00% YoY

15.15% of Sub-Ch. 7218

Imports

27.97 ₹ Cr

0.0010% share

+119.89% YoY

12.37% of Sub-Ch. 7218

FY 2021-22 Exp. Rank #3719

Balance

+27.20

Exports

38.82 ₹ Cr

0.0012% share

+62.56% YoY

13.49% of Sub-Ch. 7218

Imports

11.62 ₹ Cr

0.0003% share

−58.46% YoY

2.86% of Sub-Ch. 7218

FY 2022-23 Exp. Rank #4128

Balance

+4.20

Exports

30.85 ₹ Cr

0.0009% share

−20.53% YoY

6.81% of Sub-Ch. 7218

Imports

26.65 ₹ Cr

0.0005% share

+129.35% YoY

0.32% of Sub-Ch. 7218

FY 2023-24 Exp. Rank #5147

Balance

+6.09

Exports

15.24 ₹ Cr

0.0004% share

−50.60% YoY

6.21% of Sub-Ch. 7218

Imports

9.15 ₹ Cr

0.0002% share

−65.67% YoY

0.08% of Sub-Ch. 7218

FY 2024-25 Exp. Rank #5018

Balance

+7.59

Exports

17.95 ₹ Cr

0.0005% share

+17.78% YoY

5.50% of Sub-Ch. 7218

Imports

10.36 ₹ Cr

0.0002% share

+13.22% YoY

0.12% of Sub-Ch. 7218

CAGR · 7-Year

Exports

−10.85% /yr

Imports

1.67% /yr

Consistently Surplus
Sub-Chapter 7218 total

reference, FY 2024-25

Export

₹326.21 Cr

Import

₹8,564.56 Cr

Trade Balance

−8,238.35

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72189990 Export-Import Analysis

Export Decline: −10.85% CAGR Over 7 Years

India's exports under HSN Code 72189990 have declined at a compound annual rate of −10.85% over 7 fiscal years, falling from ₹35.75 Crore in FY 2018-19 to ₹17.95 Crore in FY 2024-25.

HSN Code 72189990 Ranked #5018 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72189990 ranks #5018 out of 12657 HSN codes by total export value. Within Sub-Chapter 7218, it ranks #2 of 4. By trade surplus, it ranks #3492 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72189990 Exports

The strongest single-year export movement for HSN Code 72189990 was recorded in FY 2021-22, when exports surged by 62.56% over the prior year.

India Maintains a Trade Surplus of ₹7.59 Crore in HSN Code 72189990 Goods

In FY 2024-25, India's exports of ₹17.95 Cr exceeded imports of ₹10.36 Cr, resulting in a trade surplus of ₹7.59 Crore — ranking #3492 of 12657 by surplus magnitude.

Import Growth of 1.67% CAGR Signals Stable Import Dependency for Stainless steel semi-finished products | Other

India's imports under HSN Code 72189990 have grown at 1.67% CAGR, reaching ₹10.36 Crore in FY 2024-25.

HSN Code 72189990 Contributes 5.50% of Sub-Chapter 7218 Exports — Ranked #2

Among the 4 HSN codes under Sub-Chapter 7218, HSN Code 72189990 ranks #2 by export value — accounting for 5.50% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.12% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72189990 and GST compliance.

What products are classified under HSN 72189990 ?

It includes Hot-Rolled Other (>10mm, Coils)

Can we claim ITC on inputs used to trade Stainless steel semi-finished products / Other?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Any common misclassification issue with Stainless steel semi-finished products / Other?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Does packaging or labelling change the GST for Stainless steel semi-finished products / Other?

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.

How should mixed supplies be billed when Stainless steel semi-finished products / Other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Stainless steel semi-finished products / Other; Nil for exempt items if applicable).

How much GST applies to Stainless steel semi-finished products / Other?

Under HSN 72189990, Stainless steel semi-finished products / Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.