--- title: "HSN Code for Of High Speed Steel | HSN 72271000 GST Rate" description: "Find HSN and GST Rates for 72271000 related to Of High Speed Steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72271000/" --- # HSN Code 72271000: Of High Speed 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 7227: Aluminum fittings](https://busy.in/hsn/sub-chapter-7227/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of high speed steel | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72271000 ? It includes Other | Other Spring Steel Quality ### Does packaging or labelling change the GST for Of High Speed 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. ### Do e‑way bill and e‑invoice apply for Of High Speed 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 should mixed supplies be billed when Of High Speed Steel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of High Speed Steel; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Of High Speed Steel? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Of High Speed Steel? Under HSN 72271000, Of High Speed Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Of High Speed Steel? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 72271000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+50.00% YoY) — 0.0000% of India's total exports - Imports: ₹13 Cr (+164.43% YoY) — 0.0002% of India's total imports - Trade balance: −₹13 Cr (Deficit); surplus rank #9249 of 12657 HSN codes - Share of Sub-Chapter 7227: 0.06% of its exports; import side 3.54% - Rank within Sub-Chapter 7227: #4 of 9 by export value; import-side #4 ### Key metrics - Export CAGR: 51.31% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9672 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,500.00% in FY 2019-20 - Contribution to Sub-Ch. 7227: 0.06% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72271000 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. 7227 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7227 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.01% | 4.49 | 0.0001% | — | 0.44% | −4.48 | #9921 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +2,500.00% | 0.11% | 7.43 | 0.0002% | +65.48% | 2.31% | −7.17 | #8661 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −84.62% | 0.01% | 6.13 | 0.0002% | −17.50% | 2.15% | −6.09 | #9622 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +1,550.00% | 0.03% | 13.32 | 0.0003% | +117.29% | 5.28% | −12.66 | #8368 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −90.91% | 0.03% | 3.27 | 0.0001% | −75.45% | 0.77% | −3.21 | #9835 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +33.33% | 0.05% | 4.92 | 0.0001% | +50.46% | 1.35% | −4.84 | #9881 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +50.00% | 0.06% | 13.01 | 0.0002% | +164.43% | 3.54% | −12.89 | #9672 | - CAGR (7-year): exports 51.31%/yr, imports 19.40%/yr (consistently Deficit) ## Key trade insights: HSN Code 72271000 export-import analysis ### Consistent export growth: 51.31% CAGR over 7 years India's exports under HSN Code 72271000 have grown at a compound annual rate of 51.31% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹0.12 Crore in FY 2024-25. ### HSN Code 72271000 ranked #9672 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72271000 ranks #9672 out of 12657 HSN codes by total export value. Within Sub-Chapter 7227, it ranks #4 of 9. By trade surplus, it ranks #9249 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 72271000 exports The strongest single-year export movement for HSN Code 72271000 was recorded in FY 2019-20, when exports surged by 2,500.00% over the prior year. ### India records a trade deficit of ₹12.89 Crore in HSN Code 72271000 goods In FY 2024-25, India's imports of ₹13.01 Cr exceeded exports of ₹0.12 Cr, resulting in a trade deficit of ₹12.89 Crore — ranking #9249 of 12657 by surplus magnitude. ### Import growth of 19.40% CAGR signals rising demand for Of High Speed Steel India's imports under HSN Code 72271000 have grown at 19.40% CAGR, reaching ₹13.01 Crore in FY 2024-25. ### HSN Code 72271000 contributes 0.06% of Sub-Chapter 7227 exports — ranked #4 Among the 9 HSN codes under Sub-Chapter 7227, HSN Code 72271000 ranks #4 by export value — accounting for 0.06% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.54% share (rank #4). ## Related HSN Codes in Sub-Chapter 7227 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72279090: Other : Other](https://busy.in/hsn/hsn-72279090/) | ₹188 Cr | | #2 | [HSN Code 72279060: Other \| Sulphur Free Cutting Quality](https://busy.in/hsn/hsn-72279060/) | ₹1 Cr | | #3 | [HSN Code 72272000: Of Silico-Manganese Steel](https://busy.in/hsn/hsn-72272000/) | < ₹1 Crore | | #4 | HSN Code 72271000: Of High Speed Steel (this hsn code) | < ₹1 Crore | | #5 | [HSN Code 72279030: Other \| Ball Bearing Quality](https://busy.in/hsn/hsn-72279030/) | < ₹1 Crore | | #6 | [HSN Code 72279040: Other \| Cold Heading Quality](https://busy.in/hsn/hsn-72279040/) | < ₹1 Crore | | — | [HSN Code 72279010: Other \| Valve Spring Steel Quality](https://busy.in/hsn/hsn-72279010/) | Nil | | — | [HSN Code 72279020: Other \| Other Spring Steel Quality](https://busy.in/hsn/hsn-72279020/) | Nil | | — | [HSN Code 72279050: Other \| Lead-Free Cutting Quality](https://busy.in/hsn/hsn-72279050/) | Nil |