HSN Code 72279010: Other | Valve Spring Steel Quality

HSN Code 72279010 represents Other | Valve Spring Steel Quality under GST classification. This code helps businesses identify Other | Valve Spring Steel Quality correctly for billing, taxation, and trade. With HSN Code 72279010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Valve Spring Steel Quality.

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Description of Goods for HSN Code 72279010

HSN Code 72279010 relates to the following description.

Description of Goods

Other : Valve spring steel quality

Chapter

72 - Iron and steel

Sub Chapter

7227 - Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72279010 not include?

Other | Valve Spring Steel Quality does not include products with the following descriptions.

India’s Trade Performance — HSN Code 72279010 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹86 Cr

+30.79% vs FY 2023-24

0.0014% of India’s total imports

Trade Balance

FY 2024-25

−₹86 Cr

Trade Deficit

Surplus rank #10684 of 12657 HSN codes

% of Sub-Chapter 7227

FY 2024-25

0.00%

Share of Sub-Chapter 7227’s total exports in FY 2024-25

Import side: 23.42% of Sub-Chapter 7227’s imports

At a glance

+187.50%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7227

Share of Sub-Chapter 7227 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72279010

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #8061

Balance

−1.11

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.46% of Sub-Ch. 7227

Imports

1.70 ₹ Cr

0.0000% share

— YoY

0.17% of Sub-Ch. 7227

FY 2019-20 Exp. Rank #7320

Balance

−7.65

Exports

1.34 ₹ Cr

0.0001% share

+127.12% YoY

0.54% of Sub-Ch. 7227

Imports

8.99 ₹ Cr

0.0003% share

+428.82% YoY

2.79% of Sub-Ch. 7227

FY 2020-21 Exp. Rank #7940

Balance

−23.95

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−46.27% YoY

0.18% of Sub-Ch. 7227

Imports

24.67 ₹ Cr

0.0008% share

+174.42% YoY

8.67% of Sub-Ch. 7227

FY 2021-22 Exp. Rank #7281

Balance

−40.64

Exports

2.07 ₹ Cr

0.0001% share

+187.50% YoY

0.10% of Sub-Ch. 7227

Imports

42.71 ₹ Cr

0.0009% share

+73.13% YoY

16.94% of Sub-Ch. 7227

FY 2022-23 Exp. Rank #9050

Balance

−69.18

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−85.51% YoY

0.15% of Sub-Ch. 7227

Imports

69.48 ₹ Cr

0.0012% share

+62.68% YoY

16.33% of Sub-Ch. 7227

FY 2023-24 Exp. Rank #9327

Balance

−65.53

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−20.00% YoY

0.15% of Sub-Ch. 7227

Imports

65.77 ₹ Cr

0.0012% share

−5.34% YoY

18.04% of Sub-Ch. 7227

FY 2024-25

Balance

−86.02

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7227

Imports

86.02 ₹ Cr

0.0014% share

+30.79% YoY

23.42% of Sub-Ch. 7227

CAGR · 7-Year

Exports

—

Imports

92.32% /yr

Consistently Deficit
Sub-Chapter 7227 total

reference, FY 2024-25

Export

₹190.31 Cr

Import

₹367.23 Cr

Trade Balance

−176.92

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72279010 Export-Import Analysis

Export Snapshot for HSN Code 72279010

India exported ₹0.00 Crore worth of Other | Valve Spring Steel Quality 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 72279010 Exports

The strongest single-year export movement for HSN Code 72279010 was recorded in FY 2021-22, when exports surged by 187.50% over the prior year.

India Records a Trade Deficit of ₹86.02 Crore in HSN Code 72279010 Goods

In FY 2024-25, India's imports of ₹86.02 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹86.02 Crore — ranking #10684 of 12657 by surplus magnitude.

Import Growth of 92.32% CAGR Signals Rising Demand for Other | Valve Spring Steel Quality

India's imports under HSN Code 72279010 have grown at 92.32% CAGR, reaching ₹86.02 Crore in FY 2024-25.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72279010 and GST compliance.

What products are classified under HSN 72279010 ?

It includes Other | Cold Heading Quality

Does packaging or labelling change the GST for Other / Valve Spring Steel Quality?

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.

Can we claim ITC on inputs used to trade Other / Valve Spring Steel Quality?

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

How should mixed supplies be billed when Other / Valve Spring Steel Quality is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other / Valve Spring Steel Quality; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Other / Valve Spring Steel Quality?

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.

Any common misclassification issue with Other / Valve Spring Steel Quality?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.