HSN Code 72221192 represents Hot-rolled Circular Nickel Chromium Bars under GST classification. This code helps businesses identify Hot-rolled Circular Nickel Chromium Bars correctly for billing, taxation, and trade. With HSN Code 72221192, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hot-rolled Circular Nickel Chromium Bars.
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HSN Code 72221192 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 : 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%
Hot-rolled Circular Nickel Chromium Bars 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 : Chromium 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 : 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 : Chromium 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
India’s Exports
FY 2024-25₹29 Cr
0.0008% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹28 Cr
Surplus rank #2585 of 12657 HSN codes
% of Sub-Chapter 7222
FY 2024-250.30%
Share of Sub-Chapter 7222’s total exports in FY 2024-25
Import side: 0.04% of Sub-Chapter 7222’s imports
Rank Within Sub-Chapter 7222
FY 2024-25#14 of 26
Position by export value among HSN codes in Sub-Chapter 7222
Import-side rank: #23 of 26
At a glance
37.04%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4390
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+3,416.67%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.30%
Contribution to Sub-Ch. 7222
Share of Sub-Chapter 7222 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+3.48
Exports
4.34 ₹ Cr
0.0002% share
— YoY
0.07% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.15% of Sub-Ch. 7222
Balance
+2.89
Exports
2.90 ₹ Cr
0.0001% share
−33.18% YoY
0.05% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−98.84% YoY
0.00% of Sub-Ch. 7222
Balance
+0.84
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−71.03% YoY
0.02% of Sub-Ch. 7222
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7222
Balance
+29.51
Exports
29.54 ₹ Cr
0.0009% share
+3,416.67% YoY
0.36% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7222
Balance
+68.60
Exports
68.60 ₹ Cr
0.0019% share
+132.23% YoY
0.79% of Sub-Ch. 7222
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7222
Balance
+38.68
Exports
39.99 ₹ Cr
0.0011% share
−41.71% YoY
0.43% of Sub-Ch. 7222
Imports
1.31 ₹ Cr
0.0000% share
— YoY
0.16% of Sub-Ch. 7222
Balance
+28.21
Exports
28.74 ₹ Cr
0.0008% share
−28.13% YoY
0.30% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−59.54% YoY
0.04% of Sub-Ch. 7222
CAGR · 7-Year
Exports
37.04% /yr
Imports
−7.75% /yr
reference, FY 2024-25
Export
₹9,435.83 Cr
Import
₹1,263.99 Cr
Trade Balance
+8,171.84
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.
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.
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.
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.
India's imports under HSN Code 72221192 have grown at −7.75% CAGR, reaching ₹0.53 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 72221192 and GST compliance.
It includes Bright Ni-Cr Austenitic Steel 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.
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).
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 72221192, Hot-rolled Circular Nickel Chromium Bars attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.