HSN Code 72223012: Nickel chromium austenitic bars
HSN Code 72223012 represents Nickel chromium austenitic bars under GST classification. This code helps businesses identify Nickel chromium austenitic bars correctly for billing, taxation, and trade. With HSN Code 72223012, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Nickel chromium austenitic bars.
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Description of Goods for HSN Code 72223012
HSN Code 72223012 relates to the following description.
What does HSN Code 72223012 not include?
Nickel chromium austenitic 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 : Nickel chromium austenitic 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 : 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 : Nickel chromium austenitic 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 : 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 Trade Performance — HSN Code 72223012 in FY 2024-25
India’s Exports
FY 2024-25₹1,369 Cr
0.0372% of India’s total exports
India’s Imports
FY 2024-25₹1 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹1,368 Cr
Surplus rank #278 of 12657 HSN codes
% of Sub-Chapter 7222
FY 2024-2514.51%
Share of Sub-Chapter 7222’s total exports in FY 2024-25
Import side: 0.10% of Sub-Chapter 7222’s imports
Rank Within Sub-Chapter 7222
FY 2024-25#3 of 26
Position by export value among HSN codes in Sub-Chapter 7222
Import-side rank: #21 of 26
At a glance
11.57%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#397
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+49.62%
Peak Growth Year
FY 2021-22 · strongest single-year move
14.51%
Contribution to Sub-Ch. 7222
Share of Sub-Chapter 7222 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+708.94
Exports
709.91 ₹ Cr
0.0311% share
— YoY
11.87% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.16% of Sub-Ch. 7222
Balance
+1,003.87
Exports
1,009.06 ₹ Cr
0.0458% share
+42.14% YoY
18.27% of Sub-Ch. 7222
Imports
5.19 ₹ Cr
0.0002% share
+435.05% YoY
0.84% of Sub-Ch. 7222
Balance
+831.82
Exports
834.84 ₹ Cr
0.0388% share
−17.27% YoY
16.61% of Sub-Ch. 7222
Imports
3.02 ₹ Cr
0.0001% share
−41.81% YoY
0.73% of Sub-Ch. 7222
Balance
+1,247.78
Exports
1,249.06 ₹ Cr
0.0398% share
+49.62% YoY
15.01% of Sub-Ch. 7222
Imports
1.28 ₹ Cr
0.0000% share
−57.62% YoY
0.21% of Sub-Ch. 7222
Balance
+1,562.79
Exports
1,568.78 ₹ Cr
0.0433% share
+25.60% YoY
17.99% of Sub-Ch. 7222
Imports
5.99 ₹ Cr
0.0001% share
+367.97% YoY
0.81% of Sub-Ch. 7222
Balance
+1,572.66
Exports
1,573.35 ₹ Cr
0.0435% share
+0.29% YoY
16.85% of Sub-Ch. 7222
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−88.48% YoY
0.08% of Sub-Ch. 7222
Balance
+1,368.20
Exports
1,369.49 ₹ Cr
0.0372% share
−12.96% YoY
14.51% of Sub-Ch. 7222
Imports
1.29 ₹ Cr
0.0000% share
+86.96% YoY
0.10% of Sub-Ch. 7222
CAGR · 7-Year
Exports
11.57% /yr
Imports
4.87% /yr
reference, FY 2024-25
Export
₹9,435.83 Cr
Import
₹1,263.99 Cr
Trade Balance
+8,171.84
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72223012 and GST compliance.
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.