HSN Code 72201221: Hot-Rolled Chromium Steel Strips (< 4.75 mm)

HSN Code 72201221 represents Hot-Rolled Chromium Steel Strips (< 4.75 mm) under GST classification. This code helps businesses identify Hot-Rolled Chromium Steel Strips (< 4.75 mm) correctly for billing, taxation, and trade. With HSN Code 72201221, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hot-Rolled Chromium Steel Strips (< 4.75 mm).

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Description of Goods for HSN Code 72201221

HSN Code 72201221 relates to the following description.

Description of Goods

Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Strips for pipes and tubes (other than skelp) : Chromium type

Chapter

72 - Iron and steel

Sub Chapter

7220 - Flat-rolled products of stainless steel, of a width of less than 600 mm

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72201221 not include?

Hot-Rolled Chromium Steel Strips (< 4.75 mm) does not include products with the following descriptions.

Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Skelp for pipes and tubes

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

Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Strips for pipes and tubes (other than skelp) : Nickel chromium austenitic type

Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Strips for pipes and tubes (other than skelp) : Other

Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Other

Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Skelp for pipes and tubes

Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Strips for pipes and tubes (other than skelp) : Nickel chromium austenitic type

Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Strips for pipes and tubes (other than skelp) : Other

Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Other

Not further worked than cold-rolled (cold- reduced) : Skelp for pipes and tubes

Not further worked than cold-rolled (cold- reduced) : Strips for pipes and tubes (other than skelp) : Chromium type

Not further worked than cold-rolled (cold- reduced) : Strips for pipes and tubes (other than skelp) : Nickel chromium austenitic type

Not further worked than cold-rolled (cold- reduced) : Strips for pipes and tubes (other than skelp) : Other

Other : Strips for pipes and tubes (other than skelp) : Nickel chromium austenitic type

India’s Trade Performance — HSN Code 72201221 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹4 Cr

+9.11% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+326.67% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹4 Cr

Trade Surplus

Surplus rank #3893 of 12657 HSN codes

% of Sub-Chapter 7220

FY 2024-25

0.31%

Share of Sub-Chapter 7220’s total exports in FY 2024-25

Import side: 0.04% of Sub-Chapter 7220’s imports

Rank Within Sub-Chapter 7220

FY 2024-25

#11 of 20

Position by export value among HSN codes in Sub-Chapter 7220

Import-side rank: #16 of 20

At a glance

88.11%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#6770

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+8,020.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.31%

Contribution to Sub-Ch. 7220

Share of Sub-Chapter 7220 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72201221

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #9190

Balance

−0.59

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.01% of Sub-Ch. 7220

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.04% of Sub-Ch. 7220

FY 2019-20

Balance

−0.40

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7220

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−42.03% YoY

0.02% of Sub-Ch. 7220

FY 2020-21 Exp. Rank #8755

Balance

+0.24

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.03% of Sub-Ch. 7220

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7220

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7220

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 7220

FY 2022-23 Exp. Rank #9890

Balance

+0.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 7220

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 7220

FY 2023-24 Exp. Rank #6821

Balance

+3.91

Exports

4.06 ₹ Cr

0.0001% share

+8,020.00% YoY

0.26% of Sub-Ch. 7220

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.01% of Sub-Ch. 7220

FY 2024-25 Exp. Rank #6770

Balance

+3.79

Exports

4.43 ₹ Cr

0.0001% share

+9.11% YoY

0.31% of Sub-Ch. 7220

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+326.67% YoY

0.04% of Sub-Ch. 7220

CAGR · 7-Year

Exports

88.11% /yr

Imports

−1.25% /yr

Consistently Surplus
Sub-Chapter 7220 total

reference, FY 2024-25

Export

₹1,424.68 Cr

Import

₹1,527.28 Cr

Trade Balance

−102.60

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72201221 Export-Import Analysis

Consistent Export Growth: 88.11% CAGR Over 7 Years

India's exports under HSN Code 72201221 have grown at a compound annual rate of 88.11% over 7 fiscal years, rising from ₹0.10 Crore in FY 2018-19 to ₹4.43 Crore in FY 2024-25.

HSN Code 72201221 Ranked #6770 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72201221 ranks #6770 out of 12657 HSN codes by total export value. Within Sub-Chapter 7220, it ranks #11 of 20. By trade surplus, it ranks #3893 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 72201221 Exports

The strongest single-year export movement for HSN Code 72201221 was recorded in FY 2023-24, when exports surged by 8,020.00% over the prior year.

India Maintains a Trade Surplus of ₹3.79 Crore in HSN Code 72201221 Goods

In FY 2024-25, India's exports of ₹4.43 Cr exceeded imports of ₹0.64 Cr, resulting in a trade surplus of ₹3.79 Crore — ranking #3893 of 12657 by surplus magnitude.

Import Growth of −1.25% CAGR Signals Stable Import Dependency for Hot-Rolled Chromium Steel Strips (< 4.75 mm)

India's imports under HSN Code 72201221 have grown at −1.25% CAGR, reaching ₹0.64 Crore in FY 2024-25.

HSN Code 72201221 Contributes 0.31% of Sub-Chapter 7220 Exports — Ranked #11

Among the 20 HSN codes under Sub-Chapter 7220, HSN Code 72201221 ranks #11 by export value — accounting for 0.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.04% share (rank #16).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72201221 and GST compliance.

What products are classified under HSN 72201221 ?

It includes Other Hot-Rolled Stainless Steel (<4.75mm)

Can we claim ITC on inputs used to trade Hot-Rolled Chromium Steel Strips (< 4.75 mm)?

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 Chromium Steel Strips (< 4.75 mm)?

Under HSN 72201221, Hot-Rolled Chromium Steel Strips (< 4.75 mm) 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 Chromium Steel Strips (< 4.75 mm)?

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.

Any common misclassification issue with Hot-Rolled Chromium Steel Strips (< 4.75 mm)?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Does packaging or labelling change the GST for Hot-Rolled Chromium Steel Strips (< 4.75 mm)?

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.