--- title: "HSN Code for Hot-Rolled Stainless Steel Strips (≥4.75mm, Chromium) | HSN 72202022 GST Rate" description: "Find HSN and GST Rates for 72202022 related to Hot-Rolled Stainless Steel Strips (≥4.75mm, Chromium) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72202022/" --- # HSN Code 72202022: Hot-Rolled Stainless Steel Strips (≥4.75mm, Chromium) - [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 cold-rolled (cold- reduced) : Strips for pipes and tubes (other than skelp) : Nickel chromium austenitic type | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72202022 ? It includes Skelp| Strips For Pipes, Tubes ### How much GST applies to Hot-Rolled Stainless Steel Strips (≥4.75mm, Chromium)? Under HSN 72202022, Hot-Rolled Stainless Steel Strips (≥4.75mm, Chromium) 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, Chromium)? 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, Chromium)? 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. ### Can we claim ITC on inputs used to trade Hot-Rolled Stainless Steel Strips (≥4.75mm, Chromium)? 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, Chromium) 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, Chromium); Nil for exempt items if applicable). ### Any common misclassification issue with Hot-Rolled Stainless Steel Strips (≥4.75mm, Chromium)? 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 72202022 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹535 Cr (+4.05% YoY) — 0.0145% of India's total exports - Imports: ₹39 Cr (−11.80% YoY) — 0.0006% of India's total imports - Trade balance: ₹495 Cr (Surplus); surplus rank #643 of 12657 HSN codes - Share of Sub-Chapter 7220: 37.52% of its exports; import side 2.58% - Rank within Sub-Chapter 7220: #1 of 20 by export value; import-side #6 ### Key metrics - Export CAGR: 16.62% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #955 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +152.24% in FY 2021-22 - Contribution to Sub-Ch. 7220: 37.52% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72202022 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 | 212.48 | 0.0093% | — | 26.54% | 9.96 | 0.0003% | — | 0.54% | +202.52 | #1267 | | FY 2019-20 | 225.46 | 0.0102% | +6.11% | 31.84% | 7.34 | 0.0002% | −26.31% | 0.39% | +218.12 | #1220 | | FY 2020-21 | 206.56 | 0.0096% | −8.38% | 28.38% | 15.95 | 0.0005% | +117.30% | 0.88% | +190.61 | #1327 | | FY 2021-22 | 521.02 | 0.0166% | +152.24% | 36.61% | 42.96 | 0.0009% | +169.34% | 1.60% | +478.06 | #835 | | FY 2022-23 | 706.71 | 0.0195% | +35.64% | 38.73% | 14.55 | 0.0003% | −66.13% | 0.60% | +692.16 | #691 | | FY 2023-24 | 513.69 | 0.0142% | −27.31% | 33.15% | 44.65 | 0.0008% | +206.87% | 2.38% | +469.04 | #935 | | FY 2024-25 | 534.50 | 0.0145% | +4.05% | 37.52% | 39.38 | 0.0006% | −11.80% | 2.58% | +495.12 | #955 | - CAGR (7-year): exports 16.62%/yr, imports 25.75%/yr (consistently Surplus) ## Key trade insights: HSN Code 72202022 export-import analysis ### Consistent export growth: 16.62% CAGR over 7 years India's exports under HSN Code 72202022 have grown at a compound annual rate of 16.62% over 7 fiscal years, rising from ₹212.48 Crore in FY 2018-19 to ₹534.50 Crore in FY 2024-25. ### HSN Code 72202022 ranked #955 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72202022 ranks #955 out of 12657 HSN codes by total export value. Within Sub-Chapter 7220, it ranks #1 of 20. By trade surplus, it ranks #643 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72202022 exports The strongest single-year export movement for HSN Code 72202022 was recorded in FY 2021-22, when exports surged by 152.24% over the prior year. ### India maintains a trade surplus of ₹495.12 Crore in HSN Code 72202022 goods In FY 2024-25, India's exports of ₹534.50 Cr exceeded imports of ₹39.38 Cr, resulting in a trade surplus of ₹495.12 Crore — ranking #643 of 12657 by surplus magnitude. ### Import growth of 25.75% CAGR signals rising demand for Hot-Rolled Stainless Steel Strips (≥4.75mm, Chromium) India's imports under HSN Code 72202022 have grown at 25.75% CAGR, reaching ₹39.38 Crore in FY 2024-25. ### HSN Code 72202022 contributes 37.52% of Sub-Chapter 7220 exports — ranked #1 Among the 20 HSN codes under Sub-Chapter 7220, HSN Code 72202022 ranks #1 by export value — accounting for 37.52% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.58% share (rank #6). ## 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) (this hsn code) | ₹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 |