---
title: "HSN Code for Bright Ni-Cr Austenitic Steel | HSN 72222012 GST Rate"
description: "Find HSN and GST Rates for 72222012 related to Bright Ni-Cr Austenitic Steel with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72222012/"
---

# HSN Code 72222012: Bright Ni-Cr Austenitic Steel

- [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 cold-formed or cold-finished : Bright bars : Nickel chromium austenitic type | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72222012 ?

It includes Cold-formed Nickel Chromium Bright Bars

### How should mixed supplies be billed when Bright Ni-Cr Austenitic Steel is sold with other items?

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

### Can we claim ITC on inputs used to trade Bright Ni-Cr Austenitic Steel?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Does packaging or labelling change the GST for Bright Ni-Cr Austenitic Steel?

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 Bright Ni-Cr Austenitic Steel?

Under HSN 72222012, Bright Ni-Cr Austenitic Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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

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 Bright Ni-Cr Austenitic Steel?

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 72222012 (FY 2024-25)

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

- Exports: ₹3,386 Cr (+10.63% YoY) — 0.0920% of India's total exports
- Imports: ₹373 Cr (+1,202.55% YoY) — 0.0061% of India's total imports
- Trade balance: ₹3,013 Cr (Surplus); surplus rank #115 of 12657 HSN codes
- Share of Sub-Chapter 7222: 35.89% of its exports; import side 29.52%
- Rank within Sub-Chapter 7222: #1 of 26 by export value; import-side #1

### Key metrics

- Export CAGR: 4.98% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #150 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +63.80% in FY 2021-22
- Contribution to Sub-Ch. 7222: 35.89% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72222012

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 | 2,529.65 | 0.1107% | — | 42.30% | 7.33 | 0.0002% | — | 1.24% | +2,522.32 | #123 |
| FY 2019-20 | 1,985.57 | 0.0902% | −21.51% | 35.94% | 11.96 | 0.0004% | +63.17% | 1.93% | +1,973.61 | #158 |
| FY 2020-21 | 1,782.96 | 0.0829% | −10.20% | 35.47% | 15.15 | 0.0005% | +26.67% | 3.64% | +1,767.81 | #185 |
| FY 2021-22 | 2,920.48 | 0.0931% | +63.80% | 35.10% | 36.23 | 0.0008% | +139.14% | 5.90% | +2,884.25 | #158 |
| FY 2022-23 | 2,855.13 | 0.0789% | −2.24% | 32.74% | 17.74 | 0.0003% | −51.04% | 2.40% | +2,837.39 | #170 |
| FY 2023-24 | 3,060.86 | 0.0846% | +7.21% | 32.79% | 28.65 | 0.0005% | +61.50% | 3.41% | +3,032.21 | #168 |
| FY 2024-25 | 3,386.38 | 0.0920% | +10.63% | 35.89% | 373.18 | 0.0061% | +1,202.55% | 29.52% | +3,013.20 | #150 |

- CAGR (7-year): exports 4.98%/yr, imports 92.52%/yr (consistently Surplus)

## Key trade insights: HSN Code 72222012 export-import analysis

### Consistent export growth: 4.98% CAGR over 7 years

India's exports under HSN Code 72222012 have grown at a compound annual rate of 4.98% over 7 fiscal years, rising from ₹2,529.65 Crore in FY 2018-19 to ₹3,386.38 Crore in FY 2024-25.

### HSN Code 72222012 ranked #150 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72222012 ranks #150 out of 12657 HSN codes by total export value. Within Sub-Chapter 7222, it ranks #1 of 26. By trade surplus, it ranks #115 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 72222012 exports

The strongest single-year export movement for HSN Code 72222012 was recorded in FY 2021-22, when exports surged by 63.80% over the prior year.

### India maintains a trade surplus of ₹3,013.20 Crore in HSN Code 72222012 goods

In FY 2024-25, India's exports of ₹3,386.38 Cr exceeded imports of ₹373.18 Cr, resulting in a trade surplus of ₹3,013.20 Crore — ranking #115 of 12657 by surplus magnitude.

### Import growth of 92.52% CAGR signals rising demand for Bright Ni-Cr Austenitic Steel

India's imports under HSN Code 72222012 have grown at 92.52% CAGR, reaching ₹373.18 Crore in FY 2024-25.

### HSN Code 72222012 contributes 35.89% of Sub-Chapter 7222 exports — ranked #1

Among the 26 HSN codes under Sub-Chapter 7222, HSN Code 72222012 ranks #1 by export value — accounting for 35.89% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 29.52% share (rank #1).

## 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 (this hsn code) | ₹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 |