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HSN Code 72281010: High-Speed Steel Bright Bars
HSN Code 72281010 represents High-Speed Steel Bright Bars under GST classification. This code helps businesses identify High-Speed Steel Bright Bars correctly for billing, taxation, and trade. With HSN Code 72281010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of High-Speed Steel Bright Bars.
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Description of Goods for HSN Code 72281010
HSN Code 72281010 relates to the following description.
What does HSN Code 72281010 not include?
High-Speed Steel Bright Bars does not include products with the following descriptions.
Bars and rods, of high speed steel : Other
Bars and rods, of silico-manganese steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Bright bars : Of alloy tool steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Bright bars : Other
Lead bearing steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Spring steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Sulphur bearing steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Tool and die steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Other
Other bars and rods, not further worked than forged
Other bars and rods, not further worked than cold-formed or cold-finished : Of engine valves and cold heading steel
Other bars and rods, not further worked than cold-formed or cold-finished : Other
Other bars and rods : Bright bars : Of alloy tool steel
Other bars and rods : Bright bars : Other
Other bars and rods : Other : Lead bearing steel
Other bars and rods : Other : Spring steel
Other bars and rods : Other : Sulphur bearing steel
Other bars and rods : Other : Tool and die steel
Other bars and rods : Other : Other
Angles, shapes and sections : Not further worked than hot-rolled, hot-drawn or extruded : Of 80 mm or more
Angles, shapes and sections : Not further worked than hot-rolled, hot-drawn or extruded : Of less than 80 mm
Angles, shapes and sections : Not further worked than cold-formed or coldfinished : Of 80 mm or more
Angles, shapes and sections : Not further worked than cold-formed or coldfinished : Of less than 80 mm
Hollow drill bars and rods : Of alloy steel
Hollow drill bars and rods : Of non alloy steel, forged
Hollow drill bars and rods : Other
Bars and rods, of high speed steel : Other
Bars and rods, of silico-manganese steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Bright bars : Of alloy tool steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Bright bars : Other
Lead bearing steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Spring steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Sulphur bearing steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Tool and die steel
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Other
Other bars and rods, not further worked than forged
Other bars and rods, not further worked than cold-formed or cold-finished : Of engine valves and cold heading steel
Other bars and rods, not further worked than cold-formed or cold-finished : Other
Other bars and rods : Bright bars : Of alloy tool steel
Other bars and rods : Bright bars : Other
Other bars and rods : Other : Lead bearing steel
Other bars and rods : Other : Spring steel
Other bars and rods : Other : Sulphur bearing steel
Other bars and rods : Other : Tool and die steel
Other bars and rods : Other : Other
Angles, shapes and sections : Not further worked than hot-rolled, hot-drawn or extruded : Of 80 mm or more
Angles, shapes and sections : Not further worked than hot-rolled, hot-drawn or extruded : Of less than 80 mm
Angles, shapes and sections : Not further worked than cold-formed or coldfinished : Of 80 mm or more
Angles, shapes and sections : Not further worked than cold-formed or coldfinished : Of less than 80 mm
Hollow drill bars and rods : Of alloy steel
Hollow drill bars and rods : Of non alloy steel, forged
Hollow drill bars and rods : Other
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India’s Trade Performance — HSN Code 72281010 in FY 2025-26
India’s Exports
FY 2025-26₹17 Cr
0.0004% of India’s total exports
India’s Imports
FY 2025-26₹31 Cr
0.0005% of India’s total imports
Trade Balance
FY 2025-26−₹14 Cr
Surplus rank #9354 of 12872 HSN codes
% of Sub-Chapter 7228
FY 2025-261.46%
Share of Sub-Chapter 7228’s total exports in FY 2025-26
Import side: 1.15% of Sub-Chapter 7228’s imports
Rank Within Sub-Chapter 7228
FY 2025-26#10 of 27
Position by export value among HSN codes in Sub-Chapter 7228
Import-side rank: #13 of 27
At a glance
39.99%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#5273
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+395.37%
Peak Growth Year
FY 2022-23 · strongest single-year move
1.46%
Contribution to Sub-Ch. 7228
Share of Sub-Chapter 7228 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72281010
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−34.34
Exports
1.61 ₹ Cr
0.0001% share
— YoY
0.26% of Sub-Ch. 7228
Imports
35.95 ₹ Cr
0.0010% share
— YoY
1.20% of Sub-Ch. 7228
Balance
−45.66
Exports
1.29 ₹ Cr
0.0001% share
−19.88% YoY
0.26% of Sub-Ch. 7228
Imports
46.95 ₹ Cr
0.0014% share
+30.60% YoY
2.01% of Sub-Ch. 7228
Balance
−12.37
Exports
2.77 ₹ Cr
0.0001% share
+114.73% YoY
0.57% of Sub-Ch. 7228
Imports
15.14 ₹ Cr
0.0005% share
−67.75% YoY
0.81% of Sub-Ch. 7228
Balance
−11.37
Exports
2.59 ₹ Cr
0.0001% share
−6.50% YoY
0.19% of Sub-Ch. 7228
Imports
13.96 ₹ Cr
0.0003% share
−7.79% YoY
0.57% of Sub-Ch. 7228
Balance
−14.95
Exports
12.83 ₹ Cr
0.0004% share
+395.37% YoY
1.00% of Sub-Ch. 7228
Imports
27.78 ₹ Cr
0.0005% share
+99.00% YoY
0.90% of Sub-Ch. 7228
Balance
−21.70
Exports
16.04 ₹ Cr
0.0004% share
+25.02% YoY
1.42% of Sub-Ch. 7228
Imports
37.74 ₹ Cr
0.0007% share
+35.85% YoY
1.19% of Sub-Ch. 7228
Balance
−42.97
Exports
15.76 ₹ Cr
0.0004% share
−1.75% YoY
1.65% of Sub-Ch. 7228
Imports
58.73 ₹ Cr
0.0010% share
+55.62% YoY
1.89% of Sub-Ch. 7228
Balance
−14.09
Exports
16.96 ₹ Cr
0.0004% share
+7.61% YoY
1.46% of Sub-Ch. 7228
Imports
31.05 ₹ Cr
0.0005% share
−47.13% YoY
1.15% of Sub-Ch. 7228
CAGR · 8-Year
Exports
39.99% /yr
Imports
−2.07% /yr
reference, FY 2025-26
Export
₹1,159.07 Cr
Import
₹2,705.26 Cr
Trade Balance
−1,546.19
Key Trade Insights: HSN Code 72281010 Export-Import Analysis
Consistent Export Growth: 39.99% CAGR Over 8 Years
India's exports under HSN Code 72281010 have grown at a compound annual rate of 39.99% over 8 fiscal years, rising from ₹1.61 Crore in FY 2018-19 to ₹16.96 Crore in FY 2025-26.
HSN Code 72281010 Ranked #5273 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72281010 ranks #5273 out of 12872 HSN codes by total export value. Within Sub-Chapter 7228, it ranks #10 of 27. By trade surplus, it ranks #9354 of 12872.
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 ₹14.09 Crore in HSN Code 72281010 Goods
In FY 2025-26, India's imports of ₹31.05 Cr exceeded exports of ₹16.96 Cr, resulting in a trade deficit of ₹14.09 Crore — ranking #9354 of 12872 by surplus magnitude.
Import Growth of −2.07% CAGR Signals Stable Import Dependency for High-Speed Steel Bright Bars
India's imports under HSN Code 72281010 have grown at −2.07% CAGR, reaching ₹31.05 Crore in FY 2025-26.
HSN Code 72281010 Contributes 1.46% 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 1.46% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 1.15% share (rank #13).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72281010 and GST compliance.
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.