HSN Code 72221112 represents Bright Ni-Cr Austenitic Steel Bars (Circular) under GST classification. This code helps businesses identify Bright Ni-Cr Austenitic Steel Bars (Circular) correctly for billing, taxation, and trade. With HSN Code 72221112, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Bright Ni-Cr Austenitic Steel Bars (Circular).
Manage correct HSN codes and GST rates with BUSY.
HSN Code 72221112 relates to the following description.
Description of Goods
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Bright bars : Nickel chromium austenitic type
Chapter
72 - Iron and steel
Sub Chapter
7222 - Other bars and rods of stainless steel; angles, shapes and sections of stainless steel
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Bright Ni-Cr Austenitic Steel Bars (Circular) does not include products with the following descriptions.
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Bright bars : Chromium type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Bright bars : Other
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Other : Chromium type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Other : Nickel chromium austenitic type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Other : Other
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Bright bars : Chromium type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Bright bars : Nickel chromium austenitic type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Bright bars : Other
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Other : Chromium type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Other : Nickel chromium austenitic type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Other : Other
Bars and rods, not further worked than cold-formed or cold-finished : Bright bars : Chromium type
Bars and rods, not further worked than cold-formed or cold-finished : Bright bars : Nickel chromium austenitic type
Bars and rods, not further worked than cold-formed or cold-finished : Bright bars : Other
Bars and rods, not further worked than cold-formed or cold-finished : Other : Chromium type
Bars and rods, not further worked than cold-formed or cold-finished : Other : Nickel chromium austenitic type
Bars and rods, not further worked than cold-formed or cold-finished : Other : Other
Other bars and rods : Bright bars : Chromium type
Other bars and rods : Bright bars : Nickel chromium austenitic type
Other bars and rods : Bright bars : Other
Other bars and rods : Other : Chromium type
Other bars and rods : Other : Nickel chromium austenitic type
Other bars and rods : Other : Other
Angles, shapes and sections : Of thickness of 80 mm and above
Angles, shapes and sections : Of below 80 mm
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Bright bars : Chromium type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Bright bars : Other
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Other : Chromium type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Other : Nickel chromium austenitic type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Of circular cross section : Other : Other
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Bright bars : Chromium type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Bright bars : Nickel chromium austenitic type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Bright bars : Other
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Other : Chromium type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Other : Nickel chromium austenitic type
Bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Other : Other
Bars and rods, not further worked than cold-formed or cold-finished : Bright bars : Chromium type
Bars and rods, not further worked than cold-formed or cold-finished : Bright bars : Nickel chromium austenitic type
Bars and rods, not further worked than cold-formed or cold-finished : Bright bars : Other
Bars and rods, not further worked than cold-formed or cold-finished : Other : Chromium type
Bars and rods, not further worked than cold-formed or cold-finished : Other : Nickel chromium austenitic type
Bars and rods, not further worked than cold-formed or cold-finished : Other : Other
Other bars and rods : Bright bars : Chromium type
Other bars and rods : Bright bars : Nickel chromium austenitic type
Other bars and rods : Bright bars : Other
Other bars and rods : Other : Chromium type
Other bars and rods : Other : Nickel chromium austenitic type
Other bars and rods : Other : Other
Angles, shapes and sections : Of thickness of 80 mm and above
Angles, shapes and sections : Of below 80 mm
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹127 Cr
0.0032% of India’s total exports
India’s Imports
FY 2025-26₹5 Cr
0.0001% of India’s total imports
Trade Balance
FY 2025-26₹122 Cr
Surplus rank #1541 of 12872 HSN codes
% of Sub-Chapter 7222
FY 2025-261.28%
Share of Sub-Chapter 7222’s total exports in FY 2025-26
Import side: 0.28% of Sub-Chapter 7222’s imports
Rank Within Sub-Chapter 7222
FY 2025-26#9 of 26
Position by export value among HSN codes in Sub-Chapter 7222
Import-side rank: #16 of 26
At a glance
1.55%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#2517
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+59.36%
Peak Growth Year
FY 2025-26 · strongest single-year move
1.28%
Contribution to Sub-Ch. 7222
Share of Sub-Chapter 7222 exports in FY 2025-26
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+113.19
Exports
113.74 ₹ Cr
0.0050% share
— YoY
1.90% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.09% of Sub-Ch. 7222
Balance
+51.84
Exports
52.20 ₹ Cr
0.0024% share
−54.11% YoY
0.95% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−34.55% YoY
0.06% of Sub-Ch. 7222
Balance
+52.05
Exports
52.82 ₹ Cr
0.0025% share
+1.19% YoY
1.05% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+113.89% YoY
0.19% of Sub-Ch. 7222
Balance
+39.76
Exports
41.65 ₹ Cr
0.0013% share
−21.15% YoY
0.50% of Sub-Ch. 7222
Imports
1.89 ₹ Cr
0.0000% share
+145.45% YoY
0.31% of Sub-Ch. 7222
Balance
+44.71
Exports
45.64 ₹ Cr
0.0013% share
+9.58% YoY
0.52% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−50.79% YoY
0.13% of Sub-Ch. 7222
Balance
+51.82
Exports
62.91 ₹ Cr
0.0017% share
+37.84% YoY
0.67% of Sub-Ch. 7222
Imports
11.09 ₹ Cr
0.0002% share
+1,092.47% YoY
1.32% of Sub-Ch. 7222
Balance
+76.10
Exports
79.50 ₹ Cr
0.0022% share
+26.37% YoY
0.84% of Sub-Ch. 7222
Imports
3.40 ₹ Cr
0.0001% share
−69.34% YoY
0.27% of Sub-Ch. 7222
Balance
+121.99
Exports
126.69 ₹ Cr
0.0032% share
+59.36% YoY
1.28% of Sub-Ch. 7222
Imports
4.70 ₹ Cr
0.0001% share
+38.24% YoY
0.28% of Sub-Ch. 7222
CAGR · 8-Year
Exports
1.55% /yr
Imports
35.86% /yr
reference, FY 2025-26
Export
₹9,887.15 Cr
Import
₹1,681.57 Cr
Trade Balance
+8,205.58
India's exports under HSN Code 72221112 have grown at a compound annual rate of 1.55% over 8 fiscal years, rising from ₹113.74 Crore in FY 2018-19 to ₹126.69 Crore in FY 2025-26.
In FY 2025-26, HSN Code 72221112 ranks #2517 out of 12872 HSN codes by total export value. Within Sub-Chapter 7222, it ranks #9 of 26. By trade surplus, it ranks #1541 of 12872.
The strongest single-year export movement for HSN Code 72221112 was recorded in FY 2025-26, when exports surged by 59.36% over the prior year.
In FY 2025-26, India's exports of ₹126.69 Cr exceeded imports of ₹4.70 Cr, resulting in a trade surplus of ₹121.99 Crore — ranking #1541 of 12872 by surplus magnitude.
India's imports under HSN Code 72221112 have grown at 35.86% CAGR, reaching ₹4.70 Crore in FY 2025-26.
Among the 26 HSN codes under Sub-Chapter 7222, HSN Code 72221112 ranks #9 by export value — accounting for 1.28% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.28% share (rank #16).
Clear answers to common queries about HSN Code 72221112 and GST compliance.
It includes Hot-rolled Circular Nickel Chromium 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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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).
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 72221112, Bright Ni-Cr Austenitic Steel Bars (Circular) attracts Varies when sold in taxable form. Describe the exact form on the invoice.