HSN Code 72210012: Bright SS Bars (Ni-Cr Austenitic)

HSN Code 72210012 represents Bright SS Bars (Ni-Cr Austenitic) under GST classification. This code helps businesses identify Bright SS Bars (Ni-Cr Austenitic) correctly for billing, taxation, and trade. With HSN Code 72210012, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Bright SS Bars (Ni-Cr Austenitic).

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Description of Goods for HSN Code 72210012

HSN Code 72210012 relates to the following description.

Description of Goods

Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel : Bright bars : Nickel chromium austenitic type

Chapter

72 - Iron and steel

Sub Chapter

7221 - Barsandrods, hot-rolled, inirregularlywound coils, of stainless steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72210012 not include?

Bright SS Bars (Ni-Cr Austenitic) does not include products with the following descriptions.

HSN Code 72210011

Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel : Bright bars : Chromium type

HSN Code 72210019

Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel : Bright bars : Other

HSN Code 72210090

Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel : Other

India’s Trade Performance — HSN Code 72210012 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

₹284 Cr

−7.64% vs FY 2023-24

0.0077% of India’s total exports

India’s Imports

FY 2024-25

₹9 Cr

+128.01% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹275 Cr

Trade Surplus

Surplus rank #962 of 12657 HSN codes

% of Sub-Chapter 7221

FY 2024-25

29.31%

Share of Sub-Chapter 7221’s total exports in FY 2024-25

Import side: 2.40% of Sub-Chapter 7221’s imports

Rank Within Sub-Chapter 7221

FY 2024-25

#2 of 4

Position by export value among HSN codes in Sub-Chapter 7221

Import-side rank: #3 of 4

At a glance

24.90%

Export CAGR

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

#1495

National Export Rank

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

+96.55%

Peak Growth Year

FY 2021-22 · strongest single-year move

29.31%

Contribution to Sub-Ch. 7221

Share of Sub-Chapter 7221 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #2343

Balance

+66.16

Exports

74.78 ₹ Cr

0.0033% share

— YoY

13.72% of Sub-Ch. 7221

Imports

8.62 ₹ Cr

0.0002% share

— YoY

1.61% of Sub-Ch. 7221

FY 2019-20 Exp. Rank #1733

Balance

+117.25

Exports

128.44 ₹ Cr

0.0058% share

+71.76% YoY

23.75% of Sub-Ch. 7221

Imports

11.19 ₹ Cr

0.0003% share

+29.81% YoY

2.64% of Sub-Ch. 7221

FY 2020-21 Exp. Rank #1643

Balance

+130.79

Exports

152.20 ₹ Cr

0.0071% share

+18.50% YoY

21.77% of Sub-Ch. 7221

Imports

21.41 ₹ Cr

0.0007% share

+91.33% YoY

5.34% of Sub-Ch. 7221

FY 2021-22 Exp. Rank #1294

Balance

+289.83

Exports

299.15 ₹ Cr

0.0095% share

+96.55% YoY

22.27% of Sub-Ch. 7221

Imports

9.32 ₹ Cr

0.0002% share

−56.47% YoY

1.92% of Sub-Ch. 7221

FY 2022-23 Exp. Rank #1149

Balance

+368.82

Exports

371.60 ₹ Cr

0.0103% share

+24.22% YoY

24.58% of Sub-Ch. 7221

Imports

2.78 ₹ Cr

0.0000% share

−70.17% YoY

0.69% of Sub-Ch. 7221

FY 2023-24 Exp. Rank #1367

Balance

+303.54

Exports

307.36 ₹ Cr

0.0085% share

−17.29% YoY

34.46% of Sub-Ch. 7221

Imports

3.82 ₹ Cr

0.0001% share

+37.41% YoY

1.21% of Sub-Ch. 7221

FY 2024-25 Exp. Rank #1495

Balance

+275.17

Exports

283.88 ₹ Cr

0.0077% share

−7.64% YoY

29.31% of Sub-Ch. 7221

Imports

8.71 ₹ Cr

0.0001% share

+128.01% YoY

2.40% of Sub-Ch. 7221

CAGR · 7-Year

Exports

24.90% /yr

Imports

0.17% /yr

Consistently Surplus
Sub-Chapter 7221 total

reference, FY 2024-25

Export

₹968.67 Cr

Import

₹363.39 Cr

Trade Balance

+605.28

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72210012 and GST compliance.

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.

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.