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HSN Code 72221191: Hot-rolled Circular Chromium Bars (Other)

HSN Code 72221191 represents Hot-rolled Circular Chromium Bars (Other) under GST classification. This code helps businesses identify Hot-rolled Circular Chromium Bars (Other) correctly for billing, taxation, and trade. With HSN Code 72221191, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hot-rolled Circular Chromium Bars (Other).

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Description of Goods for HSN Code 72221191

HSN Code 72221191 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 : Other : Chromium 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%

What does HSN Code 72221191 not include?

Hot-rolled Circular Chromium Bars (Other) 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 : Nickel chromium austenitic 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 : 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

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India’s Trade Performance — HSN Code 72221191 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

< ₹1 Crore

+74.29% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

+80.85% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−₹1 Cr

Trade Deficit

Surplus rank #7947 of 12657 HSN codes

% of Sub-Chapter 7222

FY 2024-25

0.01%

Share of Sub-Chapter 7222’s total exports in FY 2024-25

Import side: 0.13% of Sub-Chapter 7222’s imports

Rank Within Sub-Chapter 7222

FY 2024-25

#23 of 26

Position by export value among HSN codes in Sub-Chapter 7222

Import-side rank: #19 of 26

At a glance

−28.38%

Export CAGR

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

#8674

National Export Rank

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

+78.57%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.01%

Contribution to Sub-Ch. 7222

Share of Sub-Chapter 7222 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72221191

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 #5981

Balance

+3.93

Exports

4.52 ₹ Cr

0.0002% share

YoY

0.08% of Sub-Ch. 7222

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.10% of Sub-Ch. 7222

FY 2019-20 Exp. Rank #6422

Balance

+2.48

Exports

3.11 ₹ Cr

0.0001% share

−31.19% YoY

0.06% of Sub-Ch. 7222

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+6.78% YoY

0.10% of Sub-Ch. 7222

FY 2020-21 Exp. Rank #7262

Balance

+1.00

Exports

1.54 ₹ Cr

0.0001% share

−50.48% YoY

0.03% of Sub-Ch. 7222

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−14.29% YoY

0.13% of Sub-Ch. 7222

FY 2021-22 Exp. Rank #9373

Balance

−0.69

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−90.91% YoY

0.00% of Sub-Ch. 7222

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+53.70% YoY

0.14% of Sub-Ch. 7222

FY 2022-23 Exp. Rank #9146

Balance

−0.20

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+78.57% YoY

0.00% of Sub-Ch. 7222

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−45.78% YoY

0.06% of Sub-Ch. 7222

FY 2023-24 Exp. Rank #9076

Balance

−0.59

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+40.00% YoY

0.00% of Sub-Ch. 7222

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+108.89% YoY

0.11% of Sub-Ch. 7222

FY 2024-25 Exp. Rank #8674

Balance

−1.09

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+74.29% YoY

0.01% of Sub-Ch. 7222

Imports

1.70 ₹ Cr

0.0000% share

+80.85% YoY

0.13% of Sub-Ch. 7222

CAGR · 7-Year

Exports

−28.38% /yr

Imports

19.29% /yr

Consistently Deficit
Sub-Chapter 7222 total

reference, FY 2024-25

Export

₹9,435.83 Cr

Import

₹1,263.99 Cr

Trade Balance

+8,171.84

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

Key Trade Insights: HSN Code 72221191 Export-Import Analysis

Export Decline: −28.38% CAGR Over 7 Years

India's exports under HSN Code 72221191 have declined at a compound annual rate of −28.38% over 7 fiscal years, falling from ₹4.52 Crore in FY 2018-19 to ₹0.61 Crore in FY 2024-25.

HSN Code 72221191 Ranked #8674 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72221191 ranks #8674 out of 12657 HSN codes by total export value. Within Sub-Chapter 7222, it ranks #23 of 26. By trade surplus, it ranks #7947 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 72221191 Exports

The strongest single-year export movement for HSN Code 72221191 was recorded in FY 2022-23, when exports surged by 78.57% over the prior year.

India Records a Trade Deficit of ₹1.09 Crore in HSN Code 72221191 Goods

In FY 2024-25, India's imports of ₹1.70 Cr exceeded exports of ₹0.61 Cr, resulting in a trade deficit of ₹1.09 Crore — ranking #7947 of 12657 by surplus magnitude.

Import Growth of 19.29% CAGR Signals Rising Demand for Hot-rolled Circular Chromium Bars (Other)

India's imports under HSN Code 72221191 have grown at 19.29% CAGR, reaching ₹1.70 Crore in FY 2024-25.

HSN Code 72221191 Contributes 0.01% of Sub-Chapter 7222 Exports — Ranked #23

Among the 26 HSN codes under Sub-Chapter 7222, HSN Code 72221191 ranks #23 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.13% share (rank #19).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72221191 and GST compliance.

What products are classified under HSN 72221191 ?

It includes Bright Chromium Steel Bars

How should mixed supplies be billed when Hot-rolled Circular Chromium Bars (Other) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Hot-rolled Circular Chromium Bars (Other); Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Hot-rolled Circular Chromium Bars (Other)?

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 Hot-rolled Circular Chromium Bars (Other)?

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.

Does packaging or labelling change the GST for Hot-rolled Circular Chromium Bars (Other)?

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.

How much GST applies to Hot-rolled Circular Chromium Bars (Other)?

Under HSN 72221191, Hot-rolled Circular Chromium Bars (Other) 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.