HSN Code 72283022: Spring Steel Bars

HSN Code 72283022 represents Spring Steel Bars under GST classification. This code helps businesses identify Spring Steel Bars correctly for billing, taxation, and trade. With HSN Code 72283022, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Spring Steel Bars.

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Description of Goods for HSN Code 72283022

HSN Code 72283022 relates to the following description.

Description of Goods

Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Spring steel

Chapter

72 - Iron and steel

Sub Chapter

7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72283022 not include?

Spring Steel Bars does not include products with the following descriptions.

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

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 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

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

India’s Trade Performance — HSN Code 72283022 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

₹55 Cr

−51.64% vs FY 2023-24

0.0015% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−98.95% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹55 Cr

Trade Surplus

Surplus rank #2074 of 12657 HSN codes

% of Sub-Chapter 7228

FY 2024-25

5.79%

Share of Sub-Chapter 7228’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 7228’s imports

Rank Within Sub-Chapter 7228

FY 2024-25

#5 of 27

Position by export value among HSN codes in Sub-Chapter 7228

Import-side rank: #24 of 27

At a glance

−8.19%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#3491

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+232.39%

Peak Growth Year

FY 2021-22 · strongest single-year move

5.79%

Contribution to Sub-Ch. 7228

Share of Sub-Chapter 7228 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72283022

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 #2112

Balance

+35.35

Exports

92.10 ₹ Cr

0.0040% share

YoY

14.59% of Sub-Ch. 7228

Imports

56.75 ₹ Cr

0.0016% share

YoY

1.89% of Sub-Ch. 7228

FY 2019-20 Exp. Rank #2452

Balance

+67.12

Exports

69.79 ₹ Cr

0.0032% share

−24.22% YoY

14.04% of Sub-Ch. 7228

Imports

2.67 ₹ Cr

0.0001% share

−95.30% YoY

0.11% of Sub-Ch. 7228

FY 2020-21 Exp. Rank #2689

Balance

+59.01

Exports

59.09 ₹ Cr

0.0027% share

−15.33% YoY

12.18% of Sub-Ch. 7228

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−97.00% YoY

0.00% of Sub-Ch. 7228

FY 2021-22 Exp. Rank #1667

Balance

+196.23

Exports

196.41 ₹ Cr

0.0063% share

+232.39% YoY

14.34% of Sub-Ch. 7228

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+125.00% YoY

0.01% of Sub-Ch. 7228

FY 2022-23 Exp. Rank #1926

Balance

+165.55

Exports

165.76 ₹ Cr

0.0046% share

−15.61% YoY

12.96% of Sub-Ch. 7228

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+16.67% YoY

0.01% of Sub-Ch. 7228

FY 2023-24 Exp. Rank #2406

Balance

+112.14

Exports

114.05 ₹ Cr

0.0032% share

−31.20% YoY

10.07% of Sub-Ch. 7228

Imports

1.91 ₹ Cr

0.0000% share

+809.52% YoY

0.06% of Sub-Ch. 7228

FY 2024-25 Exp. Rank #3491

Balance

+55.14

Exports

55.16 ₹ Cr

0.0015% share

−51.64% YoY

5.79% of Sub-Ch. 7228

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−98.95% YoY

0.00% of Sub-Ch. 7228

CAGR · 7-Year

Exports

−8.19% /yr

Imports

−73.42% /yr

Consistently Surplus
Sub-Chapter 7228 total

reference, FY 2024-25

Export

₹952.60 Cr

Import

₹3,100.80 Cr

Trade Balance

−2,148.20

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

Key Trade Insights: HSN Code 72283022 Export-Import Analysis

Export Decline: −8.19% CAGR Over 7 Years

India's exports under HSN Code 72283022 have declined at a compound annual rate of −8.19% over 7 fiscal years, falling from ₹92.10 Crore in FY 2018-19 to ₹55.16 Crore in FY 2024-25.

HSN Code 72283022 Ranked #3491 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72283022 ranks #3491 out of 12657 HSN codes by total export value. Within Sub-Chapter 7228, it ranks #5 of 27. By trade surplus, it ranks #2074 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72283022 Exports

The strongest single-year export movement for HSN Code 72283022 was recorded in FY 2021-22, when exports surged by 232.39% over the prior year.

India Maintains a Trade Surplus of ₹55.14 Crore in HSN Code 72283022 Goods

In FY 2024-25, India's exports of ₹55.16 Cr exceeded imports of ₹0.02 Cr, resulting in a trade surplus of ₹55.14 Crore — ranking #2074 of 12657 by surplus magnitude.

Import Growth of −73.42% CAGR Signals Stable Import Dependency for Spring Steel Bars

India's imports under HSN Code 72283022 have grown at −73.42% CAGR, reaching ₹0.02 Crore in FY 2024-25.

HSN Code 72283022 Contributes 5.79% of Sub-Chapter 7228 Exports — Ranked #5

Among the 27 HSN codes under Sub-Chapter 7228, HSN Code 72283022 ranks #5 by export value — accounting for 5.79% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #24).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72283022 and GST compliance.

What products are classified under HSN 72283022 ?

It includes Other Hot-Rolled/Drawn/Extruded Bars/Rods

Any common misclassification issue with Spring Steel Bars?

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

Do e‑way bill and e‑invoice apply for Spring Steel 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.

How should mixed supplies be billed when Spring Steel Bars is sold with other items?

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

Can we claim ITC on inputs used to trade Spring Steel Bars?

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

Does packaging or labelling change the GST for Spring Steel 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.

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.