--- title: "HSN Code for Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm) | HSN 72192419 GST Rate" description: "Find HSN and GST Rates for 72192419 related to Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72192419/" --- # HSN Code 72192419: Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm) - [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 less than 3 mm : Chromium type, of a thickness : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72192419 ? It includes Thin Hot-Rolled Stainless Steel (0.56-0.90mm, Austenitic) ### Can we claim ITC on inputs used to trade Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm)? 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 Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm)? Under HSN 72192419, Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm) 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, Ni-Cr Austenitic, <0.35mm); Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm)? 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. ## India's trade performance: HSN Code 72192419 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹4 Cr (+235.40% YoY) — 0.0001% of India's total exports - Imports: ₹17 Cr (+207.79% YoY) — 0.0003% of India's total imports - Trade balance: −₹13 Cr (Deficit); surplus rank #9243 of 12657 HSN codes - Share of Sub-Chapter 7219: 0.08% of its exports; import side 0.10% - Rank within Sub-Chapter 7219: #32 of 54 by export value; import-side #33 ### Key metrics - Export CAGR: 29.33% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6940 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +311.48% in FY 2021-22 - Contribution to Sub-Ch. 7219: 0.08% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72192419 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 | < ₹1 Crore | 0.0000% | — | 0.03% | 2.92 | 0.0001% | — | 0.06% | −2.11 | #7806 | | FY 2019-20 | 3.22 | 0.0001% | +297.53% | 0.09% | 1.10 | 0.0000% | −62.33% | 0.02% | +2.12 | #6375 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −81.06% | 0.02% | < ₹1 Crore | 0.0000% | −30.00% | 0.02% | −0.16 | #8092 | | FY 2021-22 | 2.51 | 0.0001% | +311.48% | 0.04% | < ₹1 Crore | 0.0000% | −89.61% | 0.00% | +2.43 | #7093 | | FY 2022-23 | 1.46 | 0.0000% | −41.83% | 0.04% | 2.68 | 0.0000% | +3,250.00% | 0.02% | −1.22 | #7761 | | FY 2023-24 | 1.13 | 0.0000% | −22.60% | 0.02% | 5.39 | 0.0001% | +101.12% | 0.04% | −4.26 | #8143 | | FY 2024-25 | 3.79 | 0.0001% | +235.40% | 0.08% | 16.59 | 0.0003% | +207.79% | 0.10% | −12.80 | #6940 | - CAGR (7-year): exports 29.33%/yr, imports 33.58%/yr (consistently Deficit) ## Key trade insights: HSN Code 72192419 export-import analysis ### Consistent export growth: 29.33% CAGR over 7 years India's exports under HSN Code 72192419 have grown at a compound annual rate of 29.33% over 7 fiscal years, rising from ₹0.81 Crore in FY 2018-19 to ₹3.79 Crore in FY 2024-25. ### HSN Code 72192419 ranked #6940 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72192419 ranks #6940 out of 12657 HSN codes by total export value. Within Sub-Chapter 7219, it ranks #32 of 54. By trade surplus, it ranks #9243 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72192419 exports The strongest single-year export movement for HSN Code 72192419 was recorded in FY 2021-22, when exports surged by 311.48% over the prior year. ### India records a trade deficit of ₹12.80 Crore in HSN Code 72192419 goods In FY 2024-25, India's imports of ₹16.59 Cr exceeded exports of ₹3.79 Cr, resulting in a trade deficit of ₹12.80 Crore — ranking #9243 of 12657 by surplus magnitude. ### Import growth of 33.58% CAGR signals rising demand for Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm) India's imports under HSN Code 72192419 have grown at 33.58% CAGR, reaching ₹16.59 Crore in FY 2024-25. ### HSN Code 72192419 contributes 0.08% of Sub-Chapter 7219 exports — ranked #32 Among the 54 HSN codes under Sub-Chapter 7219, HSN Code 72192419 ranks #32 by export value — accounting for 0.08% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.10% share (rank #33). ## 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 | | #32 | HSN Code 72192419: Hot-Rolled Stainless Steel (<3mm, Ni-Cr Austenitic, <0.35mm) (this hsn code) | ₹4 Cr |