--- title: "HSN Code for Hot-Rolled Steel (> 14 mm, Ni-Cr Austenitic) | HSN 72192142 GST Rate" description: "Find HSN and GST Rates for 72192142 related to Hot-Rolled Steel (> 14 mm, Ni-Cr Austenitic) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72192142/" --- # HSN Code 72192142: Hot-Rolled Steel (> 14 mm, Ni-Cr 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 : Other nickel chromium austenitic type : Exceeding 14 mm | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72192142 ? It includes Hot-Rolled Stainless Steel Plates (4.75-10mm, Austenitic) ### Does packaging or labelling change the GST for Hot-Rolled Steel (> 14 mm, Ni-Cr 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 Steel (> 14 mm, Ni-Cr 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 Steel (> 14 mm, Ni-Cr Austenitic); Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Hot-Rolled Steel (> 14 mm, Ni-Cr Austenitic)? 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 Hot-Rolled Steel (> 14 mm, Ni-Cr Austenitic)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Hot-Rolled Steel (> 14 mm, Ni-Cr 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 72192142 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+120.75% YoY) — 0.0001% of India's total exports - Imports: ₹91 Cr (+261.90% YoY) — 0.0015% of India's total imports - Trade balance: −₹88 Cr (Deficit); surplus rank #10701 of 12657 HSN codes - Share of Sub-Chapter 7219: 0.05% of its exports; import side 0.53% - Rank within Sub-Chapter 7219: #36 of 54 by export value; import-side #17 ### Key metrics - Export CAGR: -9.32% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7459 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +126.40% in FY 2021-22 - Contribution to Sub-Ch. 7219: 0.05% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72192142 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 | 4.21 | 0.0002% | — | 0.14% | 4.63 | 0.0001% | — | 0.10% | −0.42 | #6084 | | FY 2019-20 | 2.53 | 0.0001% | −39.91% | 0.07% | < ₹1 Crore | 0.0000% | −79.27% | 0.01% | +1.57 | #6678 | | FY 2020-21 | 1.25 | 0.0001% | −50.59% | 0.04% | 3.43 | 0.0001% | +257.29% | 0.10% | −2.18 | #7463 | | FY 2021-22 | 2.83 | 0.0001% | +126.40% | 0.04% | 1.00 | 0.0000% | −70.85% | 0.01% | +1.83 | #6955 | | FY 2022-23 | 3.12 | 0.0001% | +10.25% | 0.08% | 4.24 | 0.0001% | +324.00% | 0.03% | −1.12 | #6960 | | FY 2023-24 | 1.06 | 0.0000% | −66.03% | 0.02% | 25.01 | 0.0004% | +489.86% | 0.18% | −23.95 | #8198 | | FY 2024-25 | 2.34 | 0.0001% | +120.75% | 0.05% | 90.51 | 0.0015% | +261.90% | 0.53% | −88.17 | #7459 | - CAGR (7-year): exports -9.32%/yr, imports 64.13%/yr (consistently Deficit) ## Key trade insights: HSN Code 72192142 export-import analysis ### Export decline: -9.32% CAGR over 7 years India's exports under HSN Code 72192142 have declined at a compound annual rate of -9.32% over 7 fiscal years, falling from ₹4.21 Crore in FY 2018-19 to ₹2.34 Crore in FY 2024-25. ### HSN Code 72192142 ranked #7459 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72192142 ranks #7459 out of 12657 HSN codes by total export value. Within Sub-Chapter 7219, it ranks #36 of 54. By trade surplus, it ranks #10701 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72192142 exports The strongest single-year export movement for HSN Code 72192142 was recorded in FY 2021-22, when exports surged by 126.40% over the prior year. ### India records a trade deficit of ₹88.17 Crore in HSN Code 72192142 goods In FY 2024-25, India's imports of ₹90.51 Cr exceeded exports of ₹2.34 Cr, resulting in a trade deficit of ₹88.17 Crore — ranking #10701 of 12657 by surplus magnitude. ### Import growth of 64.13% CAGR signals rising demand for Hot-Rolled Steel (> 14 mm, Ni-Cr Austenitic) India's imports under HSN Code 72192142 have grown at 64.13% CAGR, reaching ₹90.51 Crore in FY 2024-25. ### HSN Code 72192142 contributes 0.05% of Sub-Chapter 7219 exports — ranked #36 Among the 54 HSN codes under Sub-Chapter 7219, HSN Code 72192142 ranks #36 by export value — accounting for 0.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.53% share (rank #17). ## 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 | | #36 | HSN Code 72192142: Hot-Rolled Steel (> 14 mm, Ni-Cr Austenitic) (this hsn code) | ₹2 Cr |