--- title: "HSN Code for Hot-Rolled Stainless Steel Strips (≥4.75mm, Ni-Cr Austenitic) | HSN 72201121 GST Rate" description: "Find HSN and GST Rates for 72201121 related to Hot-Rolled Stainless Steel Strips (≥4.75mm, Ni-Cr Austenitic) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72201121/" --- # HSN Code 72201121: Hot-Rolled Stainless Steel Strips (≥4.75mm, 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 7220: Stainless steel flat products](https://busy.in/hsn/sub-chapter-7220/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Strips for pipes and tubes (other than skelp) : Chromium type | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72201121 ? It includes Hot-Rolled Steel Plates ≥ 4.75 mm Thickness, Not Further Worked ### Can we claim ITC on inputs used to trade Hot-Rolled Stainless Steel Strips (≥4.75mm, 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. ### How should mixed supplies be billed when Hot-Rolled Stainless Steel Strips (≥4.75mm, 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 Stainless Steel Strips (≥4.75mm, Ni-Cr Austenitic); Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Hot-Rolled Stainless Steel Strips (≥4.75mm, 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 much GST applies to Hot-Rolled Stainless Steel Strips (≥4.75mm, Ni-Cr Austenitic)? Under HSN 72201121, Hot-Rolled Stainless Steel Strips (≥4.75mm, Ni-Cr Austenitic) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Hot-Rolled Stainless Steel Strips (≥4.75mm, 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. ## India's trade performance: HSN Code 72201121 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹33 Cr (−39.14% YoY) — 0.0009% of India's total exports - Imports: < ₹1 Crore (+88.57% YoY) — 0.0000% of India's total imports - Trade balance: ₹32 Cr (Surplus); surplus rank #2475 of 12657 HSN codes - Share of Sub-Chapter 7220: 2.31% of its exports; import side 0.04% - Rank within Sub-Chapter 7220: #6 of 20 by export value; import-side #15 ### Key metrics - National export rank: #4198 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +3,63,700.00% in FY 2022-23 - Contribution to Sub-Ch. 7220: 2.31% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72201121 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. 7220 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7220 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | < ₹1 Crore | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | +0.01 | #9870 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +600.00% | 0.01% | Nil | 0.0000% | — | 0.00% | +0.07 | #9417 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −85.71% | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | −0.08 | #10198 | | FY 2022-23 | 36.38 | 0.0010% | +3,63,700.00% | 1.99% | < ₹1 Crore | 0.0000% | −55.56% | 0.00% | +36.34 | #3907 | | FY 2023-24 | 53.99 | 0.0015% | +48.41% | 3.48% | < ₹1 Crore | 0.0000% | +775.00% | 0.02% | +53.64 | #3416 | | FY 2024-25 | 32.86 | 0.0009% | −39.14% | 2.31% | < ₹1 Crore | 0.0000% | +88.57% | 0.04% | +32.20 | #4198 | ## Key trade insights: HSN Code 72201121 export-import analysis ### Export snapshot for HSN Code 72201121 India exported ₹32.86 Crore worth of Hot-Rolled Stainless Steel Strips (≥4.75mm, Ni-Cr Austenitic) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 72201121 ranked #4198 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72201121 ranks #4198 out of 12657 HSN codes by total export value. Within Sub-Chapter 7220, it ranks #6 of 20. By trade surplus, it ranks #2475 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 72201121 exports The strongest single-year export movement for HSN Code 72201121 was recorded in FY 2022-23, when exports surged by 3,63,700.00% over the prior year. ### India maintains a trade surplus of ₹32.20 Crore in HSN Code 72201121 goods In FY 2024-25, India's exports of ₹32.86 Cr exceeded imports of ₹0.66 Cr, resulting in a trade surplus of ₹32.20 Crore — ranking #2475 of 12657 by surplus magnitude. ### HSN Code 72201121 contributes 2.31% of Sub-Chapter 7220 exports — ranked #6 Among the 20 HSN codes under Sub-Chapter 7220, HSN Code 72201121 ranks #6 by export value — accounting for 2.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.04% share (rank #15). ## Related HSN Codes in Sub-Chapter 7220 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72202022: Hot-Rolled Stainless Steel Strips (≥4.75mm, Chromium)](https://busy.in/hsn/hsn-72202022/) | ₹535 Cr | | #2 | [HSN Code 72202029: Other Aluminium Flat Products](https://busy.in/hsn/hsn-72202029/) | ₹322 Cr | | #3 | [HSN Code 72202021: Cold-Rolled Stainless Steel Strips (Ni-Cr Austenitic)](https://busy.in/hsn/hsn-72202021/) | ₹258 Cr | | #4 | [HSN Code 72201190: Hot-Rolled Steel Plates ≥ 4.75 mm Thickness, Not Further Worked](https://busy.in/hsn/hsn-72201190/) | ₹107 Cr | | #5 | [HSN Code 72202090: Cold-rolled: Other](https://busy.in/hsn/hsn-72202090/) | ₹103 Cr | | #6 | HSN Code 72201121: Hot-Rolled Stainless Steel Strips (≥4.75mm, Ni-Cr Austenitic) (this hsn code) | ₹33 Cr | | #7 | [HSN Code 72201222: Hot-Rolled Stainless Steel Strips (<4.75mm, Other)](https://busy.in/hsn/hsn-72201222/) | ₹19 Cr | | #8 | [HSN Code 72201122: Hot-Rolled Stainless Steel Strips (≥4.75mm, Other)](https://busy.in/hsn/hsn-72201122/) | ₹17 Cr | | #9 | [HSN Code 72209090: Flat-Rolled Stainless Steel (<600mm Width) \| Other](https://busy.in/hsn/hsn-72209090/) | ₹14 Cr | | #10 | [HSN Code 72201290: Other Hot-Rolled Stainless Steel (<4.75mm)](https://busy.in/hsn/hsn-72201290/) | ₹11 Cr |