HSN Code 72288020 represents Forged non-alloy steel drill bar under GST classification. This code helps businesses identify Forged non-alloy steel drill bar correctly for billing, taxation, and trade. With HSN Code 72288020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Forged non-alloy steel drill bar.
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HSN Code 72288020 relates to the following description.
Description of Goods
Hollow drill bars and rods : Of non alloy steel, 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%
Forged non-alloy steel drill bar 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 : 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 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 : 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 : 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 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 : Other
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #5588 of 12657 HSN codes
% of Sub-Chapter 7228
FY 2024-250.00%
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#22 of 27
Position by export value among HSN codes in Sub-Chapter 7228
At a glance
−59.77%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#10437
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+289.47%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.00%
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
0.00
Exports
2.36 ₹ Cr
0.0001% share
— YoY
0.37% of Sub-Ch. 7228
Imports
2.36 ₹ Cr
0.0001% share
— YoY
0.08% of Sub-Ch. 7228
Balance
−0.97
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7228
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−58.90% YoY
0.04% of Sub-Ch. 7228
Balance
+5.80
Exports
5.98 ₹ Cr
0.0003% share
— YoY
1.23% of Sub-Ch. 7228
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−81.44% YoY
0.01% of Sub-Ch. 7228
Balance
+0.19
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−96.82% YoY
0.01% of Sub-Ch. 7228
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7228
Balance
+0.22
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+289.47% YoY
0.06% of Sub-Ch. 7228
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.02% of Sub-Ch. 7228
Balance
+0.18
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−72.97% YoY
0.02% of Sub-Ch. 7228
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−96.15% YoY
0.00% of Sub-Ch. 7228
Balance
+0.01
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−95.00% YoY
0.00% of Sub-Ch. 7228
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7228
CAGR · 7-Year
Exports
−59.77% /yr
Imports
—
reference, FY 2024-25
Export
₹952.60 Cr
Import
₹3,100.80 Cr
Trade Balance
−2,148.20
India's exports under HSN Code 72288020 have declined at a compound annual rate of −59.77% over 7 fiscal years, falling from ₹2.36 Crore in FY 2018-19 to ₹0.01 Crore in FY 2024-25.
In FY 2024-25, HSN Code 72288020 ranks #10437 out of 12657 HSN codes by total export value. Within Sub-Chapter 7228, it ranks #22 of 27. By trade surplus, it ranks #5588 of 12657.
The strongest single-year export movement for HSN Code 72288020 was recorded in FY 2022-23, when exports surged by 289.47% over the prior year.
In FY 2024-25, India's exports of ₹0.01 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.01 Crore — ranking #5588 of 12657 by surplus magnitude.
Among the 27 HSN codes under Sub-Chapter 7228, HSN Code 72288020 ranks #22 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.
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Clear answers to common queries about HSN Code 72288020 and GST compliance.
It includes Tinned Wire
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Forged non-alloy steel drill bar; Nil for exempt items if applicable).
Under HSN 72288020, Forged non-alloy steel drill bar attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.