--- title: "HSN Code for Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other) | HSN 72192320 GST Rate" description: "Find HSN and GST Rates for 72192320 related to Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72192320/" --- # HSN Code 72192320: Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other) - [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 of 3 mm or more but less than 4.75 mm : Nickel chromium austenitic type | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72192320 ? It includes Hot-Rolled Stainless Steel (<3mm, Chromium, 0.56-0.90mm) ### Can we claim ITC on inputs used to trade Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other)? 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 Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other)? Under HSN 72192320, Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Hot-Rolled Stainless Steel (≥3mm – <4.75mm, 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. ### Any common misclassification issue with Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other)? 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 Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other) 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 (≥3mm – <4.75mm, Other); Nil for exempt items if applicable). ## India's trade performance: HSN Code 72192320 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹147 Cr (−4.93% YoY) — 0.0040% of India's total exports - Imports: < ₹1 Crore (−67.29% YoY) — 0.0000% of India's total imports - Trade balance: ₹147 Cr (Surplus); surplus rank #1351 of 12657 HSN codes - Share of Sub-Chapter 7219: 3.22% of its exports; import side 0.00% - Rank within Sub-Chapter 7219: #9 of 54 by export value; import-side #46 ### Key metrics - Export CAGR: 29.66% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2178 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +284.59% in FY 2021-22 - Contribution to Sub-Ch. 7219: 3.22% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72192320 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 | 30.91 | 0.0014% | — | 1.00% | < ₹1 Crore | 0.0000% | — | 0.02% | +30.05 | #3541 | | FY 2019-20 | 63.92 | 0.0029% | +106.79% | 1.88% | < ₹1 Crore | 0.0000% | −84.88% | 0.00% | +63.79 | #2561 | | FY 2020-21 | 65.82 | 0.0031% | +2.97% | 2.36% | < ₹1 Crore | 0.0000% | −46.15% | 0.00% | +65.75 | #2560 | | FY 2021-22 | 253.14 | 0.0081% | +284.59% | 3.53% | < ₹1 Crore | 0.0000% | +42.86% | 0.00% | +253.04 | #1428 | | FY 2022-23 | 86.94 | 0.0024% | −65.66% | 2.18% | < ₹1 Crore | 0.0000% | +90.00% | 0.00% | +86.75 | #2740 | | FY 2023-24 | 154.52 | 0.0043% | +77.73% | 2.66% | 1.07 | 0.0000% | +463.16% | 0.01% | +153.45 | #2073 | | FY 2024-25 | 146.90 | 0.0040% | −4.93% | 3.22% | < ₹1 Crore | 0.0000% | −67.29% | 0.00% | +146.55 | #2178 | - CAGR (7-year): exports 29.66%/yr, imports -13.91%/yr (consistently Surplus) ## Key trade insights: HSN Code 72192320 export-import analysis ### Consistent export growth: 29.66% CAGR over 7 years India's exports under HSN Code 72192320 have grown at a compound annual rate of 29.66% over 7 fiscal years, rising from ₹30.91 Crore in FY 2018-19 to ₹146.90 Crore in FY 2024-25. ### HSN Code 72192320 ranked #2178 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72192320 ranks #2178 out of 12657 HSN codes by total export value. Within Sub-Chapter 7219, it ranks #9 of 54. By trade surplus, it ranks #1351 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72192320 exports The strongest single-year export movement for HSN Code 72192320 was recorded in FY 2021-22, when exports surged by 284.59% over the prior year. ### India maintains a trade surplus of ₹146.55 Crore in HSN Code 72192320 goods In FY 2024-25, India's exports of ₹146.90 Cr exceeded imports of ₹0.35 Cr, resulting in a trade surplus of ₹146.55 Crore — ranking #1351 of 12657 by surplus magnitude. ### Import growth of -13.91% CAGR signals stable import dependency for Hot-Rolled Stainless Steel (≥3mm – <4.75mm, Other) India's imports under HSN Code 72192320 have grown at -13.91% CAGR, reaching ₹0.35 Crore in FY 2024-25. ### HSN Code 72192320 contributes 3.22% of Sub-Chapter 7219 exports — ranked #9 Among the 54 HSN codes under Sub-Chapter 7219, HSN Code 72192320 ranks #9 by export value — accounting for 3.22% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #46). ## 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) (this hsn code) | ₹147 Cr | | #10 | [HSN Code 72199012: Sheets and plates: 3-4.75 mm thick](https://busy.in/hsn/hsn-72199012/) | ₹143 Cr |