--- title: "HSN Code for Hoops/Strips: Spring Steel | HSN 72269953 GST Rate" description: "Find HSN and GST Rates for 72269953 related to Hoops/Strips: Spring Steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72269953/" --- # HSN Code 72269953: Hoops/Strips: Spring 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 7226: Hot-rolled alloy steel](https://busy.in/hsn/sub-chapter-7226/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other : Other : Hoops and strips : Of spring steel, other than skelp | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72269953 ? It includes Electrolytically Zinc Plated Steel (Plain/Corrugated) ### Does packaging or labelling change the GST for Hoops/Strips: Spring 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. ### Any common misclassification issue with Hoops/Strips: Spring Steel? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Hoops/Strips: Spring Steel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Hoops/Strips: Spring Steel; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Hoops/Strips: Spring 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. ### How much GST applies to Hoops/Strips: Spring Steel? Under HSN 72269953, Hoops/Strips: Spring Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Hoops/Strips: Spring Steel? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 72269953 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (−70.31% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7470 of 12657 HSN codes - Share of Sub-Chapter 7226: 0.00% of its exports; import side 0.01% ### Key metrics - Peak growth year: +250.00% in FY 2021-22 - Contribution to Sub-Ch. 7226: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72269953 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. 7226 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7226 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.06% | < ₹1 Crore | 0.0000% | — | 0.01% | −0.07 | #9496 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −40.00% | 0.03% | 2.21 | 0.0001% | +1,741.67% | 0.40% | −2.18 | #9613 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −33.33% | 0.02% | 1.10 | 0.0000% | −50.23% | 0.21% | −1.08 | #9824 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +250.00% | 0.02% | 4.79 | 0.0001% | +335.45% | 0.48% | −4.72 | #9687 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | 8.72 | 0.0002% | +82.05% | 0.53% | −8.72 | — | | FY 2023-24 | < ₹1 Crore | 0.0000% | — | 0.01% | < ₹1 Crore | 0.0000% | −92.66% | 0.04% | −0.61 | #10223 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | −70.31% | 0.01% | −0.19 | — | - CAGR (7-year): exports —/yr, imports 7.96%/yr (consistently Deficit) ## Key trade insights: HSN Code 72269953 export-import analysis ### Export snapshot for HSN Code 72269953 India exported ₹0.00 Crore worth of Hoops/Strips: Spring Steel in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2021-22 was the strongest growth year for HSN Code 72269953 exports The strongest single-year export movement for HSN Code 72269953 was recorded in FY 2021-22, when exports surged by 250.00% over the prior year. ### India records a trade deficit of ₹0.19 Crore in HSN Code 72269953 goods In FY 2024-25, India's imports of ₹0.19 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.19 Crore — ranking #7470 of 12657 by surplus magnitude. ### Import growth of 7.96% CAGR signals stable import dependency for Hoops/Strips: Spring Steel India's imports under HSN Code 72269953 have grown at 7.96% CAGR, reaching ₹0.19 Crore in FY 2024-25. ## Related HSN Codes in Sub-Chapter 7226 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72261100: Of silicon-electrical steel : Grain-oriented](https://busy.in/hsn/hsn-72261100/) | ₹120 Cr | | #2 | [HSN Code 72269210: Other Cold-Rolled Steel (<3mm)](https://busy.in/hsn/hsn-72269210/) | ₹34 Cr | | #3 | [HSN Code 72269990: Flat-rolled alloy steel (<600 mm width) \| Other](https://busy.in/hsn/hsn-72269990/) | ₹25 Cr | | #4 | [HSN Code 72261910: Of silicon-electrical steel : Other : Hot rolled](https://busy.in/hsn/hsn-72261910/) | ₹1 Cr | | #5 | [HSN Code 72269973: Zinc-coated galvannealed](https://busy.in/hsn/hsn-72269973/) | ₹1 Cr | | #6 | [HSN Code 72269979: Zinc plated or coated steel](https://busy.in/hsn/hsn-72269979/) | < ₹1 Crore | | #7 | [HSN Code 72269952: Other : Other : Hoops and strips : Cold rolled](https://busy.in/hsn/hsn-72269952/) | < ₹1 Crore | | #8 | [HSN Code 72269190: Other: Not further worked than hot-rolled: Other](https://busy.in/hsn/hsn-72269190/) | < ₹1 Crore | | #9 | [HSN Code 72261920: Of silicon-electrical steel : Other : Cold rolled](https://busy.in/hsn/hsn-72261920/) | < ₹1 Crore | | #10 | [HSN Code 72269910: Other: Other : Of a thickness of above 4.75 mm](https://busy.in/hsn/hsn-72269910/) | < ₹1 Crore | | — | HSN Code 72269953: Hoops/Strips: Spring Steel (this hsn code) | Nil |