---
title: "HSN Code for Bright Ni-Cr Austenitic Steel Bars (Circular) | HSN 72221112 GST Rate"
description: "Find HSN and GST Rates for 72221112 related to Bright Ni-Cr Austenitic Steel Bars (Circular) with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72221112/"
---

# HSN Code 72221112: Bright Ni-Cr Austenitic Steel Bars (Circular)

- [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 7222: Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Bright bars : Nickel chromium austenitic type | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72221112 ?

It includes Hot-rolled Circular Nickel Chromium Bars

### Do e‑way bill and e‑invoice apply for Bright Ni-Cr Austenitic Steel Bars (Circular)?

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 Bright Ni-Cr Austenitic Steel Bars (Circular)?

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

### How should mixed supplies be billed when Bright Ni-Cr Austenitic Steel Bars (Circular) is sold with other items?

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

### Does packaging or labelling change the GST for Bright Ni-Cr Austenitic Steel Bars (Circular)?

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 Ni-Cr Austenitic Steel Bars (Circular)?

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 Bright Ni-Cr Austenitic Steel Bars (Circular)?

Under HSN 72221112, Bright Ni-Cr Austenitic Steel Bars (Circular) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

## India's trade performance: HSN Code 72221112 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹80 Cr (+26.37% YoY) — 0.0022% of India's total exports
- Imports: ₹3 Cr (−69.34% YoY) — 0.0001% of India's total imports
- Trade balance: ₹76 Cr (Surplus); surplus rank #1807 of 12657 HSN codes
- Share of Sub-Chapter 7222: 0.84% of its exports; import side 0.27%
- Rank within Sub-Chapter 7222: #13 of 26 by export value; import-side #16

### Key metrics

- Export CAGR: -5.79% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #2978 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +37.84% in FY 2023-24
- Contribution to Sub-Ch. 7222: 0.84% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72221112

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. 7222 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7222 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 113.74 | 0.0050% | — | 1.90% | < ₹1 Crore | 0.0000% | — | 0.09% | +113.19 | #1877 |
| FY 2019-20 | 52.20 | 0.0024% | −54.11% | 0.95% | < ₹1 Crore | 0.0000% | −34.55% | 0.06% | +51.84 | #2816 |
| FY 2020-21 | 52.82 | 0.0025% | +1.19% | 1.05% | < ₹1 Crore | 0.0000% | +113.89% | 0.19% | +52.05 | #2842 |
| FY 2021-22 | 41.65 | 0.0013% | −21.15% | 0.50% | 1.89 | 0.0000% | +145.45% | 0.31% | +39.76 | #3617 |
| FY 2022-23 | 45.64 | 0.0013% | +9.58% | 0.52% | < ₹1 Crore | 0.0000% | −50.79% | 0.13% | +44.71 | #3608 |
| FY 2023-24 | 62.91 | 0.0017% | +37.84% | 0.67% | 11.09 | 0.0002% | +1,092.47% | 1.32% | +51.82 | #3216 |
| FY 2024-25 | 79.50 | 0.0022% | +26.37% | 0.84% | 3.40 | 0.0001% | −69.34% | 0.27% | +76.10 | #2978 |

- CAGR (7-year): exports -5.79%/yr, imports 35.47%/yr (consistently Surplus)

## Key trade insights: HSN Code 72221112 export-import analysis

### Export decline: -5.79% CAGR over 7 years

India's exports under HSN Code 72221112 have declined at a compound annual rate of -5.79% over 7 fiscal years, falling from ₹113.74 Crore in FY 2018-19 to ₹79.50 Crore in FY 2024-25.

### HSN Code 72221112 ranked #2978 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72221112 ranks #2978 out of 12657 HSN codes by total export value. Within Sub-Chapter 7222, it ranks #13 of 26. By trade surplus, it ranks #1807 of 12657.

### FY 2023-24 was the strongest growth year for HSN Code 72221112 exports

The strongest single-year export movement for HSN Code 72221112 was recorded in FY 2023-24, when exports surged by 37.84% over the prior year.

### India maintains a trade surplus of ₹76.10 Crore in HSN Code 72221112 goods

In FY 2024-25, India's exports of ₹79.50 Cr exceeded imports of ₹3.40 Cr, resulting in a trade surplus of ₹76.10 Crore — ranking #1807 of 12657 by surplus magnitude.

### Import growth of 35.47% CAGR signals rising demand for Bright Ni-Cr Austenitic Steel Bars (Circular)

India's imports under HSN Code 72221112 have grown at 35.47% CAGR, reaching ₹3.40 Crore in FY 2024-25.

### HSN Code 72221112 contributes 0.84% of Sub-Chapter 7222 exports — ranked #13

Among the 26 HSN codes under Sub-Chapter 7222, HSN Code 72221112 ranks #13 by export value — accounting for 0.84% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.27% share (rank #16).

## Related HSN Codes in Sub-Chapter 7222

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 72222012: Bright Ni-Cr Austenitic Steel](https://busy.in/hsn/hsn-72222012/) | ₹3,386 Cr |
| #2 | [HSN Code 72224020: Angles & Sections (<80mm)](https://busy.in/hsn/hsn-72224020/) | ₹1,610 Cr |
| #3 | [HSN Code 72223012: Nickel chromium austenitic bars](https://busy.in/hsn/hsn-72223012/) | ₹1,369 Cr |
| #4 | [HSN Code 72222019: Cold-formed Other Bright Bars](https://busy.in/hsn/hsn-72222019/) | ₹607 Cr |
| #5 | [HSN Code 72221119: Bright Steel Bars (Circular)](https://busy.in/hsn/hsn-72221119/) | ₹565 Cr |
| #6 | [HSN Code 72221111: Hot-rolled Circular Chromium Bars](https://busy.in/hsn/hsn-72221111/) | ₹414 Cr |
| #7 | [HSN Code 72222011: Cold-formed Chromium Bright Bars](https://busy.in/hsn/hsn-72222011/) | ₹402 Cr |
| #8 | [HSN Code 72221992: Ni-Cr Austenitic Steel Bars](https://busy.in/hsn/hsn-72221992/) | ₹377 Cr |
| #9 | [HSN Code 72221199: Other Steel Bars (Circular)](https://busy.in/hsn/hsn-72221199/) | ₹175 Cr |
| #10 | [HSN Code 72222099: Other Cold-Formed/Finished Bars/Rods](https://busy.in/hsn/hsn-72222099/) | ₹130 Cr |
| #13 | HSN Code 72221112: Bright Ni-Cr Austenitic Steel Bars (Circular) (this hsn code) | ₹80 Cr |