--- title: "HSN Code for High Speed Steel| Bars, Rods | HSN 72281090 GST Rate" description: "Find HSN and GST Rates for 72281090 related to High Speed Steel| Bars, Rods with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72281090/" --- # HSN Code 72281090: High Speed Steel| Bars, Rods - [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 : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72281090 ? It includes Tin Flat-Rolled Products ### How much GST applies to High Speed Steel/ Bars, Rods? Under HSN 72281090, High Speed Steel/ Bars, Rods attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when High Speed Steel/ Bars, Rods is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for High Speed Steel/ Bars, Rods; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for High Speed Steel/ Bars, Rods? 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 High Speed Steel/ Bars, Rods? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for High Speed Steel/ Bars, Rods? 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 High Speed Steel/ Bars, Rods? 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 72281090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹8 Cr (−58.65% YoY) — 0.0002% of India's total exports - Imports: ₹145 Cr (+18.25% YoY) — 0.0024% of India's total imports - Trade balance: −₹138 Cr (Deficit); surplus rank #11040 of 12657 HSN codes - Share of Sub-Chapter 7228: 0.81% of its exports; import side 4.68% - Rank within Sub-Chapter 7228: #11 of 27 by export value; import-side #7 ### Key metrics - Export CAGR: -1.00% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6093 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +148.79% in FY 2021-22 - Contribution to Sub-Ch. 7228: 0.81% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72281090 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 | 8.22 | 0.0004% | — | 1.30% | 191.46 | 0.0053% | — | 6.39% | −183.24 | #5234 | | FY 2019-20 | 6.69 | 0.0003% | −18.61% | 1.35% | 149.74 | 0.0045% | −21.79% | 6.40% | −143.05 | #5498 | | FY 2020-21 | 5.35 | 0.0002% | −20.03% | 1.10% | 88.24 | 0.0030% | −41.07% | 4.72% | −82.89 | #5860 | | FY 2021-22 | 13.31 | 0.0004% | +148.79% | 0.97% | 163.30 | 0.0036% | +85.06% | 6.63% | −149.99 | #5114 | | FY 2022-23 | 18.28 | 0.0005% | +37.34% | 1.43% | 153.66 | 0.0027% | −5.90% | 4.98% | −135.38 | #4791 | | FY 2023-24 | 18.72 | 0.0005% | +2.41% | 1.65% | 122.84 | 0.0022% | −20.06% | 3.86% | −104.12 | #4861 | | FY 2024-25 | 7.74 | 0.0002% | −58.65% | 0.81% | 145.26 | 0.0024% | +18.25% | 4.68% | −137.52 | #6093 | - CAGR (7-year): exports -1.00%/yr, imports -4.50%/yr (consistently Deficit) ## Key trade insights: HSN Code 72281090 export-import analysis ### Export decline: -1.00% CAGR over 7 years India's exports under HSN Code 72281090 have declined at a compound annual rate of -1.00% over 7 fiscal years, falling from ₹8.22 Crore in FY 2018-19 to ₹7.74 Crore in FY 2024-25. ### HSN Code 72281090 ranked #6093 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72281090 ranks #6093 out of 12657 HSN codes by total export value. Within Sub-Chapter 7228, it ranks #11 of 27. By trade surplus, it ranks #11040 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72281090 exports The strongest single-year export movement for HSN Code 72281090 was recorded in FY 2021-22, when exports surged by 148.79% over the prior year. ### India records a trade deficit of ₹137.52 Crore in HSN Code 72281090 goods In FY 2024-25, India's imports of ₹145.26 Cr exceeded exports of ₹7.74 Cr, resulting in a trade deficit of ₹137.52 Crore — ranking #11040 of 12657 by surplus magnitude. ### Import growth of -4.50% CAGR signals stable import dependency for High Speed Steel| Bars, Rods India's imports under HSN Code 72281090 have grown at -4.50% CAGR, reaching ₹145.26 Crore in FY 2024-25. ### HSN Code 72281090 contributes 0.81% of Sub-Chapter 7228 exports — ranked #11 Among the 27 HSN codes under Sub-Chapter 7228, HSN Code 72281090 ranks #11 by export value — accounting for 0.81% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.68% share (rank #7). ## 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](https://busy.in/hsn/hsn-72281010/) | ₹16 Cr | | #11 | HSN Code 72281090: High Speed Steel\| Bars, Rods (this hsn code) | ₹8 Cr |