--- title: "HSN Code for Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic) | HSN 72192121 GST Rate" description: "Find HSN and GST Rates for 72192121 related to Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72192121/" --- # HSN Code 72192121: Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic) - [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 7219: Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Not further worked than hot-rolled, not in coils : Of a thickness exceeding 10 mm : Universal plates of stainless steel heat resisting steel, nickel chromium austenitic type: Not exceeding 14 mm | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72192121 ? It includes Hot-Rolled Stainless Steel (≥10mm, Other Chromium, ≤14mm) ### How much GST applies to Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic)? Under HSN 72192121, Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic)? 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 Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic)? 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 Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic); Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic)? 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. ## India's trade performance: HSN Code 72192121 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹93 Cr (−21.06% YoY) — 0.0025% of India's total exports - Imports: ₹33 Cr (+8.58% YoY) — 0.0005% of India's total imports - Trade balance: ₹60 Cr (Surplus); surplus rank #2025 of 12657 HSN codes - Share of Sub-Chapter 7219: 2.04% of its exports; import side 0.19% - Rank within Sub-Chapter 7219: #12 of 54 by export value; import-side #28 ### Key metrics - Export CAGR: 17.91% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2752 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +129.38% in FY 2021-22 - Contribution to Sub-Ch. 7219: 2.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72192121 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. 7219 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7219 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 34.62 | 0.0015% | — | 1.12% | 13.11 | 0.0004% | — | 0.27% | +21.51 | #3393 | | FY 2019-20 | 54.90 | 0.0025% | +58.58% | 1.62% | 13.62 | 0.0004% | +3.89% | 0.21% | +41.28 | #2751 | | FY 2020-21 | 67.52 | 0.0031% | +22.99% | 2.42% | 11.03 | 0.0004% | −19.02% | 0.31% | +56.49 | #2525 | | FY 2021-22 | 154.88 | 0.0049% | +129.38% | 2.16% | 19.10 | 0.0004% | +73.16% | 0.22% | +135.78 | #1904 | | FY 2022-23 | 67.48 | 0.0019% | −56.43% | 1.69% | 24.74 | 0.0004% | +29.53% | 0.18% | +42.74 | #3080 | | FY 2023-24 | 117.85 | 0.0033% | +74.64% | 2.03% | 30.67 | 0.0005% | +23.97% | 0.23% | +87.18 | #2373 | | FY 2024-25 | 93.03 | 0.0025% | −21.06% | 2.04% | 33.30 | 0.0005% | +8.58% | 0.19% | +59.73 | #2752 | - CAGR (7-year): exports 17.91%/yr, imports 16.81%/yr (consistently Surplus) ## Key trade insights: HSN Code 72192121 export-import analysis ### Consistent export growth: 17.91% CAGR over 7 years India's exports under HSN Code 72192121 have grown at a compound annual rate of 17.91% over 7 fiscal years, rising from ₹34.62 Crore in FY 2018-19 to ₹93.03 Crore in FY 2024-25. ### HSN Code 72192121 ranked #2752 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72192121 ranks #2752 out of 12657 HSN codes by total export value. Within Sub-Chapter 7219, it ranks #12 of 54. By trade surplus, it ranks #2025 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72192121 exports The strongest single-year export movement for HSN Code 72192121 was recorded in FY 2021-22, when exports surged by 129.38% over the prior year. ### India maintains a trade surplus of ₹59.73 Crore in HSN Code 72192121 goods In FY 2024-25, India's exports of ₹93.03 Cr exceeded imports of ₹33.30 Cr, resulting in a trade surplus of ₹59.73 Crore — ranking #2025 of 12657 by surplus magnitude. ### Import growth of 16.81% CAGR signals rising demand for Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic) India's imports under HSN Code 72192121 have grown at 16.81% CAGR, reaching ₹33.30 Crore in FY 2024-25. ### HSN Code 72192121 contributes 2.04% of Sub-Chapter 7219 exports — ranked #12 Among the 54 HSN codes under Sub-Chapter 7219, HSN Code 72192121 ranks #12 by export value — accounting for 2.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.19% share (rank #28). ## Related HSN Codes in Sub-Chapter 7219 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72192122: Hot-Rolled Stainless Steel Plates (>14mm, Austenitic)](https://busy.in/hsn/hsn-72192122/) | ₹813 Cr | | #2 | [HSN Code 72191200: Flat-rolled Copper and Copper Alloys](https://busy.in/hsn/hsn-72191200/) | ₹726 Cr | | #3 | [HSN Code 72192212: Hot-Rolled Stainless Steel Plates (4.75-10mm, Austenitic)](https://busy.in/hsn/hsn-72192212/) | ₹603 Cr | | #4 | [HSN Code 72193320: Cold-Rolled Stainless Steel (≥0.5mm – ≤1mm, Ni-Cr Austenitic)](https://busy.in/hsn/hsn-72193320/) | ₹477 Cr | | #5 | [HSN Code 72191300: Hot-Rolled Stainless Steel (3-4.75mm, Coils)](https://busy.in/hsn/hsn-72191300/) | ₹278 Cr | | #6 | [HSN Code 72199013: Sheets and plates: Thickness < 3 mm](https://busy.in/hsn/hsn-72199013/) | ₹227 Cr | | #7 | [HSN Code 72193420: Cold-Rolled Stainless Steel (≥3mm – <4.75mm, Chromium)](https://busy.in/hsn/hsn-72193420/) | ₹180 Cr | | #8 | [HSN Code 72193220: Cold-Rolled Stainless Steel (≥3mm – <4.75mm, Other)](https://busy.in/hsn/hsn-72193220/) | ₹154 Cr | | #9 | [HSN Code 72192320: Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other)](https://busy.in/hsn/hsn-72192320/) | ₹147 Cr | | #10 | [HSN Code 72199012: Sheets and plates: 3-4.75 mm thick](https://busy.in/hsn/hsn-72199012/) | ₹143 Cr | | #12 | HSN Code 72192121: Hot-Rolled Stainless Steel Plates (<=14mm, Austenitic) (this hsn code) | ₹93 Cr |