---
title: "HSN Code for Hot-rolled Circular Nickel Chromium Bars | HSN 72221192 GST Rate"
description: "Find HSN and GST Rates for 72221192 related to Hot-rolled Circular Nickel Chromium Bars with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72221192/"
---

# HSN Code 72221192: Hot-rolled Circular Nickel Chromium Bars

- [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 : Other : Nickel chromium austenitic type | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72221192 ?

It includes Bright Ni-Cr Austenitic Steel Bars

### Does packaging or labelling change the GST for Hot-rolled Circular Nickel Chromium Bars?

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 should mixed supplies be billed when Hot-rolled Circular Nickel Chromium Bars 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 Nickel Chromium Bars; Nil for exempt items if applicable).

### Can we claim ITC on inputs used to trade Hot-rolled Circular Nickel Chromium Bars?

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 Hot-rolled Circular Nickel Chromium Bars?

Under HSN 72221192, Hot-rolled Circular Nickel Chromium Bars attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Do e‑way bill and e‑invoice apply for 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.

## India's trade performance: HSN Code 72221192 (FY 2024-25)

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

- Exports: ₹29 Cr (−28.13% YoY) — 0.0008% of India's total exports
- Imports: < ₹1 Crore (−59.54% YoY) — 0.0000% of India's total imports
- Trade balance: ₹28 Cr (Surplus); surplus rank #2585 of 12657 HSN codes
- Share of Sub-Chapter 7222: 0.30% of its exports; import side 0.04%
- Rank within Sub-Chapter 7222: #14 of 26 by export value; import-side #23

### Key metrics

- Export CAGR: 37.04% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4390 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +3,416.67% in FY 2021-22
- Contribution to Sub-Ch. 7222: 0.30% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72221192

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 | 4.34 | 0.0002% | — | 0.07% | < ₹1 Crore | 0.0000% | — | 0.15% | +3.48 | #6042 |
| FY 2019-20 | 2.90 | 0.0001% | −33.18% | 0.05% | < ₹1 Crore | 0.0000% | −98.84% | 0.00% | +2.89 | #6508 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | −71.03% | 0.02% | Nil | 0.0000% | −100.00% | 0.00% | +0.84 | #7808 |
| FY 2021-22 | 29.54 | 0.0009% | +3,416.67% | 0.36% | < ₹1 Crore | 0.0000% | — | 0.00% | +29.51 | #4067 |
| FY 2022-23 | 68.60 | 0.0019% | +132.23% | 0.79% | Nil | 0.0000% | −100.00% | 0.00% | +68.60 | #3061 |
| FY 2023-24 | 39.99 | 0.0011% | −41.71% | 0.43% | 1.31 | 0.0000% | — | 0.16% | +38.68 | #3835 |
| FY 2024-25 | 28.74 | 0.0008% | −28.13% | 0.30% | < ₹1 Crore | 0.0000% | −59.54% | 0.04% | +28.21 | #4390 |

- CAGR (7-year): exports 37.04%/yr, imports -7.75%/yr (consistently Surplus)

## Key trade insights: HSN Code 72221192 export-import analysis

### Consistent export growth: 37.04% CAGR over 7 years

India's exports under HSN Code 72221192 have grown at a compound annual rate of 37.04% over 7 fiscal years, rising from ₹4.34 Crore in FY 2018-19 to ₹28.74 Crore in FY 2024-25.

### HSN Code 72221192 ranked #4390 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72221192 ranks #4390 out of 12657 HSN codes by total export value. Within Sub-Chapter 7222, it ranks #14 of 26. By trade surplus, it ranks #2585 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 72221192 exports

The strongest single-year export movement for HSN Code 72221192 was recorded in FY 2021-22, when exports surged by 3,416.67% over the prior year.

### India maintains a trade surplus of ₹28.21 Crore in HSN Code 72221192 goods

In FY 2024-25, India's exports of ₹28.74 Cr exceeded imports of ₹0.53 Cr, resulting in a trade surplus of ₹28.21 Crore — ranking #2585 of 12657 by surplus magnitude.

### Import growth of -7.75% CAGR signals stable import dependency for Hot-rolled Circular Nickel Chromium Bars

India's imports under HSN Code 72221192 have grown at -7.75% CAGR, reaching ₹0.53 Crore in FY 2024-25.

### HSN Code 72221192 contributes 0.30% of Sub-Chapter 7222 exports — ranked #14

Among the 26 HSN codes under Sub-Chapter 7222, HSN Code 72221192 ranks #14 by export value — accounting for 0.30% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.04% share (rank #23).

## 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 |
| #14 | HSN Code 72221192: Hot-rolled Circular Nickel Chromium Bars (this hsn code) | ₹29 Cr |