HSN Code 72283024 represents Tool and Die Steel Bars under GST classification. This code helps businesses identify Tool and Die Steel Bars correctly for billing, taxation, and trade. With HSN Code 72283024, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Tool and Die Steel Bars.
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HSN Code 72283024 relates to the following description.
Description of Goods
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Tool and die 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%
Tool and Die Steel Bars does not include products with the following descriptions.
Bars and rods, of high speed steel : Bright bars
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 : 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 : Bright bars
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 : 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
India’s Exports
FY 2024-25₹2 Cr
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹282 Cr
0.0046% of India’s total imports
Trade Balance
FY 2024-25−₹280 Cr
Surplus rank #11552 of 12657 HSN codes
% of Sub-Chapter 7228
FY 2024-250.19%
Share of Sub-Chapter 7228’s total exports in FY 2024-25
Import side: 9.10% of Sub-Chapter 7228’s imports
Rank Within Sub-Chapter 7228
FY 2024-25#15 of 27
Position by export value among HSN codes in Sub-Chapter 7228
Import-side rank: #3 of 27
At a glance
1.57%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7701
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,218.00%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.19%
Contribution to Sub-Ch. 7228
Share of Sub-Chapter 7228 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−125.12
Exports
1.63 ₹ Cr
0.0001% share
— YoY
0.26% of Sub-Ch. 7228
Imports
126.75 ₹ Cr
0.0035% share
— YoY
4.23% of Sub-Ch. 7228
Balance
−209.89
Exports
1.19 ₹ Cr
0.0001% share
−26.99% YoY
0.24% of Sub-Ch. 7228
Imports
211.08 ₹ Cr
0.0063% share
+66.53% YoY
9.02% of Sub-Ch. 7228
Balance
−140.11
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−57.98% YoY
0.10% of Sub-Ch. 7228
Imports
140.61 ₹ Cr
0.0048% share
−33.39% YoY
7.52% of Sub-Ch. 7228
Balance
−285.87
Exports
6.59 ₹ Cr
0.0002% share
+1,218.00% YoY
0.48% of Sub-Ch. 7228
Imports
292.46 ₹ Cr
0.0064% share
+107.99% YoY
11.88% of Sub-Ch. 7228
Balance
−216.05
Exports
7.02 ₹ Cr
0.0002% share
+6.53% YoY
0.55% of Sub-Ch. 7228
Imports
223.07 ₹ Cr
0.0039% share
−23.73% YoY
7.23% of Sub-Ch. 7228
Balance
−271.26
Exports
3.09 ₹ Cr
0.0001% share
−55.98% YoY
0.27% of Sub-Ch. 7228
Imports
274.35 ₹ Cr
0.0049% share
+22.99% YoY
8.62% of Sub-Ch. 7228
Balance
−280.29
Exports
1.79 ₹ Cr
0.0000% share
−42.07% YoY
0.19% of Sub-Ch. 7228
Imports
282.08 ₹ Cr
0.0046% share
+2.82% YoY
9.10% of Sub-Ch. 7228
CAGR · 7-Year
Exports
1.57% /yr
Imports
14.26% /yr
reference, FY 2024-25
Export
₹952.60 Cr
Import
₹3,100.80 Cr
Trade Balance
−2,148.20
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.
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.
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.
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.
India's imports under HSN Code 72283024 have grown at 14.26% CAGR, reaching ₹282.08 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 72283024 and GST compliance.
It includes Engine Valve/Cold Heading Steel
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.
Under HSN 72283024, Tool and Die Steel Bars attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.