---
title: "HSN Code for Tool and Die Steel Bars | HSN 72283024 GST Rate"
description: "Find HSN and GST Rates for 72283024 related to Tool and Die Steel Bars with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72283024/"
---

# HSN Code 72283024: Tool and Die Steel 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 |
| --- | --- | --- | --- | --- |
| Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Tool and die steel | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72283024 ?

It includes Engine Valve/Cold Heading Steel

### Does packaging or labelling change the GST for Tool and Die 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.

### How much GST applies to Tool and Die Steel Bars?

Under HSN 72283024, Tool and Die Steel Bars attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Tool and Die 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 Tool and Die 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.

### Can we claim ITC on inputs used to trade Tool and Die 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.

## India's trade performance: HSN Code 72283024 (FY 2024-25)

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

- Exports: ₹2 Cr (−42.07% YoY) — 0.0000% of India's total exports
- Imports: ₹282 Cr (+2.82% YoY) — 0.0046% of India's total imports
- Trade balance: −₹280 Cr (Deficit); surplus rank #11552 of 12657 HSN codes
- Share of Sub-Chapter 7228: 0.19% of its exports; import side 9.10%
- Rank within Sub-Chapter 7228: #15 of 27 by export value; import-side #3

### Key metrics

- Export CAGR: 1.57% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #7701 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +1,218.00% in FY 2021-22
- Contribution to Sub-Ch. 7228: 0.19% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72283024

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 | 1.63 | 0.0001% | — | 0.26% | 126.75 | 0.0035% | — | 4.23% | −125.12 | #7160 |
| FY 2019-20 | 1.19 | 0.0001% | −26.99% | 0.24% | 211.08 | 0.0063% | +66.53% | 9.02% | −209.89 | #7434 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | −57.98% | 0.10% | 140.61 | 0.0048% | −33.39% | 7.52% | −140.11 | #8235 |
| FY 2021-22 | 6.59 | 0.0002% | +1,218.00% | 0.48% | 292.46 | 0.0064% | +107.99% | 11.88% | −285.87 | #6019 |
| FY 2022-23 | 7.02 | 0.0002% | +6.53% | 0.55% | 223.07 | 0.0039% | −23.73% | 7.23% | −216.05 | #6077 |
| FY 2023-24 | 3.09 | 0.0001% | −55.98% | 0.27% | 274.35 | 0.0049% | +22.99% | 8.62% | −271.26 | #7106 |
| FY 2024-25 | 1.79 | 0.0000% | −42.07% | 0.19% | 282.08 | 0.0046% | +2.82% | 9.10% | −280.29 | #7701 |

- CAGR (7-year): exports 1.57%/yr, imports 14.26%/yr (consistently Deficit)

## Key trade insights: HSN Code 72283024 export-import analysis

### Consistent export growth: 1.57% CAGR over 7 years

India's exports under HSN Code 72283024 have grown at a compound annual rate of 1.57% over 7 fiscal years, rising from ₹1.63 Crore in FY 2018-19 to ₹1.79 Crore in FY 2024-25.

### HSN Code 72283024 ranked #7701 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72283024 ranks #7701 out of 12657 HSN codes by total export value. Within Sub-Chapter 7228, it ranks #15 of 27. By trade surplus, it ranks #11552 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 72283024 exports

The strongest single-year export movement for HSN Code 72283024 was recorded in FY 2021-22, when exports surged by 1,218.00% over the prior year.

### India records a trade deficit of ₹280.29 Crore in HSN Code 72283024 goods

In FY 2024-25, India's imports of ₹282.08 Cr exceeded exports of ₹1.79 Cr, resulting in a trade deficit of ₹280.29 Crore — ranking #11552 of 12657 by surplus magnitude.

### Import growth of 14.26% CAGR signals rising demand for Tool and Die Steel Bars

India's imports under HSN Code 72283024 have grown at 14.26% CAGR, reaching ₹282.08 Crore in FY 2024-25.

### HSN Code 72283024 contributes 0.19% of Sub-Chapter 7228 exports — ranked #15

Among the 27 HSN codes under Sub-Chapter 7228, HSN Code 72283024 ranks #15 by export value — accounting for 0.19% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 9.10% share (rank #3).

## 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 |
| #15 | HSN Code 72283024: Tool and Die Steel Bars (this hsn code) | ₹2 Cr |