--- title: "HSN Code for Bright SS Bars (Ni-Cr Austenitic) | HSN 72210012 GST Rate" description: "Find HSN and GST Rates for 72210012 related to Bright SS Bars (Ni-Cr Austenitic) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72210012/" --- # HSN Code 72210012: Bright SS Bars (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 7221: Stainless steel bars and rods](https://busy.in/hsn/sub-chapter-7221/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel : Bright bars : Nickel chromium austenitic type | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72210012 ? It includes Hot-rolled Circular Chromium Bars ### Any common misclassification issue with Bright SS Bars (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. ### Does packaging or labelling change the GST for Bright SS Bars (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. ### Can we claim ITC on inputs used to trade Bright SS Bars (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 Bright SS Bars (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 Bright SS Bars (Ni-Cr Austenitic); Nil for exempt items if applicable). ### How much GST applies to Bright SS Bars (Ni-Cr Austenitic)? Under HSN 72210012, Bright SS Bars (Ni-Cr Austenitic) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 72210012 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹284 Cr (−7.64% YoY) — 0.0077% of India's total exports - Imports: ₹9 Cr (+128.01% YoY) — 0.0001% of India's total imports - Trade balance: ₹275 Cr (Surplus); surplus rank #962 of 12657 HSN codes - Share of Sub-Chapter 7221: 29.31% of its exports; import side 2.40% - Rank within Sub-Chapter 7221: #2 of 4 by export value; import-side #3 ### Key metrics - Export CAGR: 24.90% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1495 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +96.55% in FY 2021-22 - Contribution to Sub-Ch. 7221: 29.31% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72210012 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. 7221 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7221 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 74.78 | 0.0033% | — | 13.72% | 8.62 | 0.0002% | — | 1.61% | +66.16 | #2343 | | FY 2019-20 | 128.44 | 0.0058% | +71.76% | 23.75% | 11.19 | 0.0003% | +29.81% | 2.64% | +117.25 | #1733 | | FY 2020-21 | 152.20 | 0.0071% | +18.50% | 21.77% | 21.41 | 0.0007% | +91.33% | 5.34% | +130.79 | #1643 | | FY 2021-22 | 299.15 | 0.0095% | +96.55% | 22.27% | 9.32 | 0.0002% | −56.47% | 1.92% | +289.83 | #1294 | | FY 2022-23 | 371.60 | 0.0103% | +24.22% | 24.58% | 2.78 | 0.0000% | −70.17% | 0.69% | +368.82 | #1149 | | FY 2023-24 | 307.36 | 0.0085% | −17.29% | 34.46% | 3.82 | 0.0001% | +37.41% | 1.21% | +303.54 | #1367 | | FY 2024-25 | 283.88 | 0.0077% | −7.64% | 29.31% | 8.71 | 0.0001% | +128.01% | 2.40% | +275.17 | #1495 | - CAGR (7-year): exports 24.90%/yr, imports 0.17%/yr (consistently Surplus) ## Key trade insights: HSN Code 72210012 export-import analysis ### Consistent export growth: 24.90% CAGR over 7 years India's exports under HSN Code 72210012 have grown at a compound annual rate of 24.90% over 7 fiscal years, rising from ₹74.78 Crore in FY 2018-19 to ₹283.88 Crore in FY 2024-25. ### HSN Code 72210012 ranked #1495 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72210012 ranks #1495 out of 12657 HSN codes by total export value. Within Sub-Chapter 7221, it ranks #2 of 4. By trade surplus, it ranks #962 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72210012 exports The strongest single-year export movement for HSN Code 72210012 was recorded in FY 2021-22, when exports surged by 96.55% over the prior year. ### India maintains a trade surplus of ₹275.17 Crore in HSN Code 72210012 goods In FY 2024-25, India's exports of ₹283.88 Cr exceeded imports of ₹8.71 Cr, resulting in a trade surplus of ₹275.17 Crore — ranking #962 of 12657 by surplus magnitude. ### Import growth of 0.17% CAGR signals stable import dependency for Bright SS Bars (Ni-Cr Austenitic) India's imports under HSN Code 72210012 have grown at 0.17% CAGR, reaching ₹8.71 Crore in FY 2024-25. ### HSN Code 72210012 contributes 29.31% of Sub-Chapter 7221 exports — ranked #2 Among the 4 HSN codes under Sub-Chapter 7221, HSN Code 72210012 ranks #2 by export value — accounting for 29.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.40% share (rank #3). ## Related HSN Codes in Sub-Chapter 7221 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72210090: Hot-rolled Bars and Rods, Stainless Steel](https://busy.in/hsn/hsn-72210090/) | ₹585 Cr | | #2 | HSN Code 72210012: Bright SS Bars (Ni-Cr Austenitic) (this hsn code) | ₹284 Cr | | #3 | [HSN Code 72210011: Wrought Aluminium Bars and Rods](https://busy.in/hsn/hsn-72210011/) | ₹55 Cr | | #4 | [HSN Code 72210019: Other Bright Stainless Steel Bars](https://busy.in/hsn/hsn-72210019/) | ₹45 Cr |