--- title: "HSN Code for Nickel chromium austenitic bars | HSN 72223012 GST Rate" description: "Find HSN and GST Rates for 72223012 related to Nickel chromium austenitic bars with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72223012/" --- # HSN Code 72223012: Nickel chromium austenitic 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 | | --- | --- | --- | --- | --- | | Other bars and rods : Bright bars : Nickel chromium austenitic type | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72223012 ? It includes Nickel chromium austenitic rods ### How should mixed supplies be billed when Nickel chromium austenitic bars is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Nickel chromium austenitic bars; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Nickel chromium austenitic bars? 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 Nickel chromium austenitic 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. ### Does packaging or labelling change the GST for Nickel chromium austenitic 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. ### Any common misclassification issue with Nickel chromium austenitic bars? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Nickel chromium austenitic bars? Under HSN 72223012, Nickel chromium austenitic bars attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 72223012 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1,369 Cr (−12.96% YoY) — 0.0372% of India's total exports - Imports: ₹1 Cr (+86.96% YoY) — 0.0000% of India's total imports - Trade balance: ₹1,368 Cr (Surplus); surplus rank #278 of 12657 HSN codes - Share of Sub-Chapter 7222: 14.51% of its exports; import side 0.10% - Rank within Sub-Chapter 7222: #3 of 26 by export value; import-side #21 ### Key metrics - Export CAGR: 11.57% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #397 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +49.62% in FY 2021-22 - Contribution to Sub-Ch. 7222: 14.51% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72223012 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 | 709.91 | 0.0311% | — | 11.87% | < ₹1 Crore | 0.0000% | — | 0.16% | +708.94 | #463 | | FY 2019-20 | 1,009.06 | 0.0458% | +42.14% | 18.27% | 5.19 | 0.0002% | +435.05% | 0.84% | +1,003.87 | #325 | | FY 2020-21 | 834.84 | 0.0388% | −17.27% | 16.61% | 3.02 | 0.0001% | −41.81% | 0.73% | +831.82 | #437 | | FY 2021-22 | 1,249.06 | 0.0398% | +49.62% | 15.01% | 1.28 | 0.0000% | −57.62% | 0.21% | +1,247.78 | #389 | | FY 2022-23 | 1,568.78 | 0.0433% | +25.60% | 17.99% | 5.99 | 0.0001% | +367.97% | 0.81% | +1,562.79 | #322 | | FY 2023-24 | 1,573.35 | 0.0435% | +0.29% | 16.85% | < ₹1 Crore | 0.0000% | −88.48% | 0.08% | +1,572.66 | #320 | | FY 2024-25 | 1,369.49 | 0.0372% | −12.96% | 14.51% | 1.29 | 0.0000% | +86.96% | 0.10% | +1,368.20 | #397 | - CAGR (7-year): exports 11.57%/yr, imports 4.87%/yr (consistently Surplus) ## Key trade insights: HSN Code 72223012 export-import analysis ### Consistent export growth: 11.57% CAGR over 7 years India's exports under HSN Code 72223012 have grown at a compound annual rate of 11.57% over 7 fiscal years, rising from ₹709.91 Crore in FY 2018-19 to ₹1,369.49 Crore in FY 2024-25. ### HSN Code 72223012 ranked #397 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72223012 ranks #397 out of 12657 HSN codes by total export value. Within Sub-Chapter 7222, it ranks #3 of 26. By trade surplus, it ranks #278 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72223012 exports The strongest single-year export movement for HSN Code 72223012 was recorded in FY 2021-22, when exports surged by 49.62% over the prior year. ### India maintains a trade surplus of ₹1,368.20 Crore in HSN Code 72223012 goods In FY 2024-25, India's exports of ₹1,369.49 Cr exceeded imports of ₹1.29 Cr, resulting in a trade surplus of ₹1,368.20 Crore — ranking #278 of 12657 by surplus magnitude. ### Import growth of 4.87% CAGR signals stable import dependency for Nickel chromium austenitic bars India's imports under HSN Code 72223012 have grown at 4.87% CAGR, reaching ₹1.29 Crore in FY 2024-25. ### HSN Code 72223012 contributes 14.51% of Sub-Chapter 7222 exports — ranked #3 Among the 26 HSN codes under Sub-Chapter 7222, HSN Code 72223012 ranks #3 by export value — accounting for 14.51% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.10% share (rank #21). ## 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 (this hsn code) | ₹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 |