HSN Code 72210019: Other Bright Stainless Steel Bars

HSN Code 72210019 represents Other Bright Stainless Steel Bars under GST classification. This code helps businesses identify Other Bright Stainless Steel Bars correctly for billing, taxation, and trade. With HSN Code 72210019, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Bright Stainless Steel Bars.

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Description of Goods for HSN Code 72210019

HSN Code 72210019 relates to the following description.

Description of Goods

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

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 72210019 not include?

Other Bright Stainless Steel Bars 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 72210012

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

HSN Code 72210090

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

India’s Trade Performance — HSN Code 72210019 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

₹45 Cr

+4,223.81% vs FY 2023-24

0.0012% of India’s total exports

India’s Imports

FY 2024-25

₹77 Cr

+93.93% vs FY 2023-24

0.0013% of India’s total imports

Trade Balance

FY 2024-25

−₹32 Cr

Trade Deficit

Surplus rank #9879 of 12657 HSN codes

% of Sub-Chapter 7221

FY 2024-25

4.69%

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

Import side: 21.18% of Sub-Chapter 7221’s imports

Rank Within Sub-Chapter 7221

FY 2024-25

#4 of 4

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

Import-side rank: #2 of 4

At a glance

64.39%

Export CAGR

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

#3752

National Export Rank

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

+4,223.81%

Peak Growth Year

FY 2024-25 · strongest single-year move

4.69%

Contribution to Sub-Ch. 7221

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

India Export-Import Trade Statistics for HSN Code 72210019

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 #6794

Balance

−7.26

Exports

2.30 ₹ Cr

0.0001% share

— YoY

0.42% of Sub-Ch. 7221

Imports

9.56 ₹ Cr

0.0003% share

— YoY

1.78% of Sub-Ch. 7221

FY 2019-20 Exp. Rank #8414

Balance

−31.10

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−83.48% YoY

0.07% of Sub-Ch. 7221

Imports

31.48 ₹ Cr

0.0009% share

+229.29% YoY

7.44% of Sub-Ch. 7221

FY 2020-21 Exp. Rank #6775

Balance

−66.70

Exports

2.39 ₹ Cr

0.0001% share

+528.95% YoY

0.34% of Sub-Ch. 7221

Imports

69.09 ₹ Cr

0.0024% share

+119.47% YoY

17.24% of Sub-Ch. 7221

FY 2021-22 Exp. Rank #7813

Balance

−68.37

Exports

1.22 ₹ Cr

0.0000% share

−48.95% YoY

0.09% of Sub-Ch. 7221

Imports

69.59 ₹ Cr

0.0015% share

+0.72% YoY

14.37% of Sub-Ch. 7221

FY 2022-23 Exp. Rank #6418

Balance

−80.12

Exports

5.19 ₹ Cr

0.0001% share

+325.41% YoY

0.34% of Sub-Ch. 7221

Imports

85.31 ₹ Cr

0.0015% share

+22.59% YoY

21.23% of Sub-Ch. 7221

FY 2023-24 Exp. Rank #8208

Balance

−38.63

Exports

1.05 ₹ Cr

0.0000% share

−79.77% YoY

0.12% of Sub-Ch. 7221

Imports

39.68 ₹ Cr

0.0007% share

−53.49% YoY

12.55% of Sub-Ch. 7221

FY 2024-25 Exp. Rank #3752

Balance

−31.55

Exports

45.40 ₹ Cr

0.0012% share

+4,223.81% YoY

4.69% of Sub-Ch. 7221

Imports

76.95 ₹ Cr

0.0013% share

+93.93% YoY

21.18% of Sub-Ch. 7221

CAGR · 7-Year

Exports

64.39% /yr

Imports

41.57% /yr

Consistently Deficit
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 72210019 Export-Import Analysis

Consistent Export Growth: 64.39% CAGR Over 7 Years

India's exports under HSN Code 72210019 have grown at a compound annual rate of 64.39% over 7 fiscal years, rising from ₹2.30 Crore in FY 2018-19 to ₹45.40 Crore in FY 2024-25.

HSN Code 72210019 Ranked #3752 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72210019 ranks #3752 out of 12657 HSN codes by total export value. Within Sub-Chapter 7221, it ranks #4 of 4. By trade surplus, it ranks #9879 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 72210019 Exports

The strongest single-year export movement for HSN Code 72210019 was recorded in FY 2024-25, when exports surged by 4,223.81% over the prior year.

India Records a Trade Deficit of ₹31.55 Crore in HSN Code 72210019 Goods

In FY 2024-25, India's imports of ₹76.95 Cr exceeded exports of ₹45.40 Cr, resulting in a trade deficit of ₹31.55 Crore — ranking #9879 of 12657 by surplus magnitude.

Import Growth of 41.57% CAGR Signals Rising Demand for Other Bright Stainless Steel Bars

India's imports under HSN Code 72210019 have grown at 41.57% CAGR, reaching ₹76.95 Crore in FY 2024-25.

HSN Code 72210019 Contributes 4.69% of Sub-Chapter 7221 Exports — Ranked #4

Among the 4 HSN codes under Sub-Chapter 7221, HSN Code 72210019 ranks #4 by export value — accounting for 4.69% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 21.18% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72210019 and GST compliance.

What products are classified under HSN 72210019 ?

It includes Bright Ni-Cr Austenitic Steel Bars (Circular)

How much GST applies to Other Bright Stainless Steel Bars?

Under HSN 72210019, Other Bright Stainless Steel Bars attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Other Bright Stainless Steel Bars is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Bright Stainless Steel Bars; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Other Bright Stainless Steel Bars?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Other Bright Stainless Steel Bars?

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 Other Bright Stainless Steel Bars?

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

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.