--- title: "HSN Code for Hot-Rolled Stainless Steel Strips (<4.75mm, Ni-Cr Austenitic) | HSN 72201129 GST Rate" description: "Find HSN and GST Rates for 72201129 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-72201129/" --- # HSN Code 72201129: 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) : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72201129 ? It includes Hot-Rolled Chromium Steel Strips (< 4.75 mm) ### How much GST applies to Hot-Rolled Stainless Steel Strips (<4.75mm, Ni-Cr Austenitic)? Under HSN 72201129, Hot-Rolled Stainless Steel Strips (<4.75mm, Ni-Cr Austenitic) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Hot-Rolled Stainless Steel Strips (<4.75mm, 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. ### 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 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). ### 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. ## India's trade performance: HSN Code 72201129 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−65.96% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (−66.67% YoY) — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #5224 of 12657 HSN codes - Share of Sub-Chapter 7220: 0.01% of its exports; import side 0.00% - Rank within Sub-Chapter 7220: #16 of 20 by export value; import-side #18 ### Key metrics - Export CAGR: -33.79% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9538 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +56.90% in FY 2022-23 - Contribution to Sub-Ch. 7220: 0.01% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72201129 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 | 1.90 | 0.0001% | — | 0.24% | < ₹1 Crore | 0.0000% | — | 0.00% | +1.87 | #7011 | | FY 2019-20 | 1.90 | 0.0001% | 0.00% | 0.27% | < ₹1 Crore | 0.0000% | +2,700.00% | 0.04% | +1.06 | #6983 | | FY 2020-21 | 1.20 | 0.0001% | −36.84% | 0.16% | < ₹1 Crore | 0.0000% | −94.05% | 0.00% | +1.15 | #7497 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −51.67% | 0.04% | 2.61 | 0.0001% | +5,120.00% | 0.10% | −2.03 | #8481 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +56.90% | 0.05% | < ₹1 Crore | 0.0000% | −98.85% | 0.00% | +0.88 | #8185 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −48.35% | 0.03% | < ₹1 Crore | 0.0000% | +400.00% | 0.01% | +0.32 | #8839 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −65.96% | 0.01% | < ₹1 Crore | 0.0000% | −66.67% | 0.00% | +0.11 | #9538 | - CAGR (7-year): exports -33.79%/yr, imports 8.89%/yr (consistently Surplus) ## Key trade insights: HSN Code 72201129 export-import analysis ### Export decline: -33.79% CAGR over 7 years India's exports under HSN Code 72201129 have declined at a compound annual rate of -33.79% over 7 fiscal years, falling from ₹1.90 Crore in FY 2018-19 to ₹0.16 Crore in FY 2024-25. ### HSN Code 72201129 ranked #9538 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72201129 ranks #9538 out of 12657 HSN codes by total export value. Within Sub-Chapter 7220, it ranks #16 of 20. By trade surplus, it ranks #5224 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 72201129 exports The strongest single-year export movement for HSN Code 72201129 was recorded in FY 2022-23, when exports surged by 56.90% over the prior year. ### India maintains a trade surplus of ₹0.11 Crore in HSN Code 72201129 goods In FY 2024-25, India's exports of ₹0.16 Cr exceeded imports of ₹0.05 Cr, resulting in a trade surplus of ₹0.11 Crore — ranking #5224 of 12657 by surplus magnitude. ### Import growth of 8.89% CAGR signals stable import dependency for Hot-Rolled Stainless Steel Strips (<4.75mm, Ni-Cr Austenitic) India's imports under HSN Code 72201129 have grown at 8.89% CAGR, reaching ₹0.05 Crore in FY 2024-25. ### HSN Code 72201129 contributes 0.01% of Sub-Chapter 7220 exports — ranked #16 Among the 20 HSN codes under Sub-Chapter 7220, HSN Code 72201129 ranks #16 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #18). ## 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)](https://busy.in/hsn/hsn-72201121/) | ₹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 | | #16 | HSN Code 72201129: Hot-Rolled Stainless Steel Strips (<4.75mm, Ni-Cr Austenitic) (this hsn code) | < ₹1 Crore |