---
title: "HSN Code for High-Speed Steel Bright Bars | HSN 72281010 GST Rate"
description: "Find HSN and GST Rates for 72281010 related to High-Speed Steel Bright Bars with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72281010/"
---

# HSN Code 72281010: High-Speed Steel Bright 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 7228: Alloy Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7228/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Bars and rods, of high speed steel : Bright bars | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72281010 ?

It includes Alloy Tool Steel Bars

### How much GST applies to High-Speed Steel Bright Bars?

Under HSN 72281010, High-Speed Steel Bright Bars attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for High-Speed Steel Bright 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.

### Do e‑way bill and e‑invoice apply for High-Speed Steel Bright 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.

### Can we claim ITC on inputs used to trade High-Speed Steel Bright Bars?

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

### Any common misclassification issue with High-Speed Steel Bright Bars?

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 72281010 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹16 Cr (−1.75% YoY) — 0.0004% of India's total exports
- Imports: ₹59 Cr (+55.62% YoY) — 0.0010% of India's total imports
- Trade balance: −₹43 Cr (Deficit); surplus rank #10133 of 12657 HSN codes
- Share of Sub-Chapter 7228: 1.65% of its exports; import side 1.89%
- Rank within Sub-Chapter 7228: #10 of 27 by export value; import-side #10

### Key metrics

- Export CAGR: 46.26% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #5189 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +395.37% in FY 2022-23
- Contribution to Sub-Ch. 7228: 1.65% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72281010

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. 7228 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7228 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 1.61 | 0.0001% | — | 0.26% | 35.95 | 0.0010% | — | 1.20% | −34.34 | #7174 |
| FY 2019-20 | 1.29 | 0.0001% | −19.88% | 0.26% | 46.95 | 0.0014% | +30.60% | 2.01% | −45.66 | #7364 |
| FY 2020-21 | 2.77 | 0.0001% | +114.73% | 0.57% | 15.14 | 0.0005% | −67.75% | 0.81% | −12.37 | #6638 |
| FY 2021-22 | 2.59 | 0.0001% | −6.50% | 0.19% | 13.96 | 0.0003% | −7.79% | 0.57% | −11.37 | #7060 |
| FY 2022-23 | 12.83 | 0.0004% | +395.37% | 1.00% | 27.78 | 0.0005% | +99.00% | 0.90% | −14.95 | #5312 |
| FY 2023-24 | 16.04 | 0.0004% | +25.02% | 1.42% | 37.74 | 0.0007% | +35.85% | 1.19% | −21.70 | #5078 |
| FY 2024-25 | 15.76 | 0.0004% | −1.75% | 1.65% | 58.73 | 0.0010% | +55.62% | 1.89% | −42.97 | #5189 |

- CAGR (7-year): exports 46.26%/yr, imports 8.52%/yr (consistently Deficit)

## Key trade insights: HSN Code 72281010 export-import analysis

### Consistent export growth: 46.26% CAGR over 7 years

India's exports under HSN Code 72281010 have grown at a compound annual rate of 46.26% over 7 fiscal years, rising from ₹1.61 Crore in FY 2018-19 to ₹15.76 Crore in FY 2024-25.

### HSN Code 72281010 ranked #5189 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72281010 ranks #5189 out of 12657 HSN codes by total export value. Within Sub-Chapter 7228, it ranks #10 of 27. By trade surplus, it ranks #10133 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 72281010 exports

The strongest single-year export movement for HSN Code 72281010 was recorded in FY 2022-23, when exports surged by 395.37% over the prior year.

### India records a trade deficit of ₹42.97 Crore in HSN Code 72281010 goods

In FY 2024-25, India's imports of ₹58.73 Cr exceeded exports of ₹15.76 Cr, resulting in a trade deficit of ₹42.97 Crore — ranking #10133 of 12657 by surplus magnitude.

### Import growth of 8.52% CAGR signals stable import dependency for High-Speed Steel Bright Bars

India's imports under HSN Code 72281010 have grown at 8.52% CAGR, reaching ₹58.73 Crore in FY 2024-25.

### HSN Code 72281010 contributes 1.65% of Sub-Chapter 7228 exports — ranked #10

Among the 27 HSN codes under Sub-Chapter 7228, HSN Code 72281010 ranks #10 by export value — accounting for 1.65% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.89% share (rank #10).

## Related HSN Codes in Sub-Chapter 7228

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 72283029: Other Hot-Rolled/Drawn/Extruded Bars/Rods](https://busy.in/hsn/hsn-72283029/) | ₹371 Cr |
| #2 | [HSN Code 72285010: Engine Valve/Cold Heading Steel](https://busy.in/hsn/hsn-72285010/) | ₹132 Cr |
| #3 | [HSN Code 72286012: Other bars and rods : Bright bars : Other](https://busy.in/hsn/hsn-72286012/) | ₹122 Cr |
| #4 | [HSN Code 72283019: Tin Flat-Rolled Products](https://busy.in/hsn/hsn-72283019/) | ₹118 Cr |
| #5 | [HSN Code 72283022: Spring Steel Bars](https://busy.in/hsn/hsn-72283022/) | ₹55 Cr |
| #6 | [HSN Code 72282000: Bars and rods, of silico-manganese steel](https://busy.in/hsn/hsn-72282000/) | ₹45 Cr |
| #7 | [HSN Code 72285090: Other Cold-Formed/Finished Other Steel Bars/Rods](https://busy.in/hsn/hsn-72285090/) | ₹25 Cr |
| #8 | [HSN Code 72284000: Forged bars and rods](https://busy.in/hsn/hsn-72284000/) | ₹24 Cr |
| #9 | [HSN Code 72286099: Other Bars And Rods \| Other](https://busy.in/hsn/hsn-72286099/) | ₹24 Cr |
| #10 | HSN Code 72281010: High-Speed Steel Bright Bars (this hsn code) | ₹16 Cr |