---
title: "HSN Code for Ni-Cr Austenitic Steel Bars | HSN 72221992 GST Rate"
description: "Find HSN and GST Rates for 72221992 related to Ni-Cr Austenitic Steel Bars with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72221992/"
---

# HSN Code 72221992: Ni-Cr Austenitic Steel 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 : Other : Other : Nickel chromium austenitic type | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72221992 ?

It includes Bright Ni-Cr Austenitic Steel

### Any common misclassification issue with Ni-Cr Austenitic Steel Bars?

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

### Do e‑way bill and e‑invoice apply for Ni-Cr Austenitic Steel 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.

### Can we claim ITC on inputs used to trade Ni-Cr Austenitic Steel 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 should mixed supplies be billed when Ni-Cr Austenitic Steel Bars is sold with other items?

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

### Does packaging or labelling change the GST for 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.

## India's trade performance: HSN Code 72221992 (FY 2024-25)

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

- Exports: ₹377 Cr (−4.36% YoY) — 0.0102% of India's total exports
- Imports: ₹3 Cr (−33.42% YoY) — 0.0000% of India's total imports
- Trade balance: ₹374 Cr (Surplus); surplus rank #787 of 12657 HSN codes
- Share of Sub-Chapter 7222: 3.99% of its exports; import side 0.21%
- Rank within Sub-Chapter 7222: #8 of 26 by export value; import-side #17

### Key metrics

- Export CAGR: 9.39% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #1236 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +75.85% in FY 2021-22
- Contribution to Sub-Ch. 7222: 3.99% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72221992

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 | 219.97 | 0.0096% | — | 3.68% | Nil | 0.0000% | — | 0.00% | +219.97 | #1234 |
| FY 2019-20 | 302.11 | 0.0137% | +37.34% | 5.47% | < ₹1 Crore | 0.0000% | — | 0.04% | +301.85 | #979 |
| FY 2020-21 | 277.14 | 0.0129% | −8.27% | 5.51% | < ₹1 Crore | 0.0000% | +130.77% | 0.14% | +276.54 | #1081 |
| FY 2021-22 | 487.34 | 0.0155% | +75.85% | 5.86% | Nil | 0.0000% | −100.00% | 0.00% | +487.34 | #885 |
| FY 2022-23 | 279.86 | 0.0077% | −42.57% | 3.21% | 4.56 | 0.0001% | — | 0.62% | +275.30 | #1396 |
| FY 2023-24 | 394.04 | 0.0109% | +40.80% | 4.22% | 3.92 | 0.0001% | −14.04% | 0.47% | +390.12 | #1165 |
| FY 2024-25 | 376.85 | 0.0102% | −4.36% | 3.99% | 2.61 | 0.0000% | −33.42% | 0.21% | +374.24 | #1236 |

- CAGR (7-year): exports 9.39%/yr, imports —/yr (consistently Surplus)

## Key trade insights: HSN Code 72221992 export-import analysis

### Consistent export growth: 9.39% CAGR over 7 years

India's exports under HSN Code 72221992 have grown at a compound annual rate of 9.39% over 7 fiscal years, rising from ₹219.97 Crore in FY 2018-19 to ₹376.85 Crore in FY 2024-25.

### HSN Code 72221992 ranked #1236 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72221992 ranks #1236 out of 12657 HSN codes by total export value. Within Sub-Chapter 7222, it ranks #8 of 26. By trade surplus, it ranks #787 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 72221992 exports

The strongest single-year export movement for HSN Code 72221992 was recorded in FY 2021-22, when exports surged by 75.85% over the prior year.

### India maintains a trade surplus of ₹374.24 Crore in HSN Code 72221992 goods

In FY 2024-25, India's exports of ₹376.85 Cr exceeded imports of ₹2.61 Cr, resulting in a trade surplus of ₹374.24 Crore — ranking #787 of 12657 by surplus magnitude.

### HSN Code 72221992 contributes 3.99% of Sub-Chapter 7222 exports — ranked #8

Among the 26 HSN codes under Sub-Chapter 7222, HSN Code 72221992 ranks #8 by export value — accounting for 3.99% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.21% share (rank #17).

## 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 (this hsn code) | ₹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 |