HSN Code 72284000: Forged bars and rods

HSN Code 72284000 represents Forged bars and rods under GST classification. This code helps businesses identify Forged bars and rods correctly for billing, taxation, and trade. With HSN Code 72284000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Forged bars and rods.

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Description of Goods for HSN Code 72284000

HSN Code 72284000 relates to the following description.

Description of Goods

Other bars and rods, not further worked than forged

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 72284000 not include?

Forged bars and rods 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 : 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 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 72284000 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

₹24 Cr

−30.39% vs FY 2023-24

0.0007% of India’s total exports

India’s Imports

FY 2024-25

₹837 Cr

+0.20% vs FY 2023-24

0.0138% of India’s total imports

Trade Balance

FY 2024-25

−₹813 Cr

Trade Deficit

Surplus rank #12135 of 12657 HSN codes

% of Sub-Chapter 7228

FY 2024-25

2.51%

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

Import side: 27.00% of Sub-Chapter 7228’s imports

Rank Within Sub-Chapter 7228

FY 2024-25

#8 of 27

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

Import-side rank: #2 of 27

At a glance

10.09%

Export CAGR

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

#4619

National Export Rank

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

+169.74%

Peak Growth Year

FY 2022-23 · strongest single-year move

2.51%

Contribution to Sub-Ch. 7228

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

India Export-Import Trade Statistics for HSN Code 72284000

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 #4633

Balance

−574.20

Exports

13.45 ₹ Cr

0.0006% share

YoY

2.13% of Sub-Ch. 7228

Imports

587.65 ₹ Cr

0.0164% share

YoY

19.61% of Sub-Ch. 7228

FY 2019-20 Exp. Rank #4814

Balance

−395.00

Exports

11.60 ₹ Cr

0.0005% share

−13.75% YoY

2.33% of Sub-Ch. 7228

Imports

406.60 ₹ Cr

0.0121% share

−30.81% YoY

17.38% of Sub-Ch. 7228

FY 2020-21 Exp. Rank #5385

Balance

−365.51

Exports

7.78 ₹ Cr

0.0004% share

−32.93% YoY

1.60% of Sub-Ch. 7228

Imports

373.29 ₹ Cr

0.0128% share

−8.19% YoY

19.97% of Sub-Ch. 7228

FY 2021-22 Exp. Rank #5081

Balance

−457.98

Exports

13.65 ₹ Cr

0.0004% share

+75.45% YoY

1.00% of Sub-Ch. 7228

Imports

471.63 ₹ Cr

0.0103% share

+26.34% YoY

19.15% of Sub-Ch. 7228

FY 2022-23 Exp. Rank #3886

Balance

−691.19

Exports

36.82 ₹ Cr

0.0010% share

+169.74% YoY

2.88% of Sub-Ch. 7228

Imports

728.01 ₹ Cr

0.0127% share

+54.36% YoY

23.60% of Sub-Ch. 7228

FY 2023-24 Exp. Rank #4062

Balance

−801.01

Exports

34.39 ₹ Cr

0.0010% share

−6.60% YoY

3.04% of Sub-Ch. 7228

Imports

835.40 ₹ Cr

0.0149% share

+14.75% YoY

26.25% of Sub-Ch. 7228

FY 2024-25 Exp. Rank #4619

Balance

−813.17

Exports

23.94 ₹ Cr

0.0007% share

−30.39% YoY

2.51% of Sub-Ch. 7228

Imports

837.11 ₹ Cr

0.0138% share

+0.20% YoY

27.00% of Sub-Ch. 7228

CAGR · 7-Year

Exports

10.09% /yr

Imports

6.07% /yr

Consistently Deficit
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 72284000 Export-Import Analysis

Consistent Export Growth: 10.09% CAGR Over 7 Years

India's exports under HSN Code 72284000 have grown at a compound annual rate of 10.09% over 7 fiscal years, rising from ₹13.45 Crore in FY 2018-19 to ₹23.94 Crore in FY 2024-25.

HSN Code 72284000 Ranked #4619 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72284000 ranks #4619 out of 12657 HSN codes by total export value. Within Sub-Chapter 7228, it ranks #8 of 27. By trade surplus, it ranks #12135 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 72284000 Exports

The strongest single-year export movement for HSN Code 72284000 was recorded in FY 2022-23, when exports surged by 169.74% over the prior year.

India Records a Trade Deficit of ₹813.17 Crore in HSN Code 72284000 Goods

In FY 2024-25, India's imports of ₹837.11 Cr exceeded exports of ₹23.94 Cr, resulting in a trade deficit of ₹813.17 Crore — ranking #12135 of 12657 by surplus magnitude.

Import Growth of 6.07% CAGR Signals Stable Import Dependency for Forged bars and rods

India's imports under HSN Code 72284000 have grown at 6.07% CAGR, reaching ₹837.11 Crore in FY 2024-25.

HSN Code 72284000 Contributes 2.51% of Sub-Chapter 7228 Exports — Ranked #8

Among the 27 HSN codes under Sub-Chapter 7228, HSN Code 72284000 ranks #8 by export value — accounting for 2.51% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 27.00% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72284000 and GST compliance.

What products are classified under HSN 72284000 ?

It includes Alloy tool steel bright bars

Any common misclassification issue with Forged bars and rods?

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

How much GST applies to Forged bars and rods?

Under HSN 72284000, Forged bars and rods attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Forged bars and 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.

How should mixed supplies be billed when Forged bars and rods is sold with other items?

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

Can we claim ITC on inputs used to trade Forged bars and rods?

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

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.