7218 HSN Code: Stainless steel products

HSN Sub Chapter 7218 represents Stainless steel products under GST classification. This code helps businesses identify Stainless steel products correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7218, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Stainless steel products.

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New GST Rate for HSN Code 7218

GST Rate for Stainless steel products under HSN Code 7218. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

72

HSN Code

7218

HSN Description

Stainless steel in ingots or other primary forms; semi-finished products of stainless steel

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7218

Following tariff HSN codes fall under Stainless steel products.

Tariff HSN

72181000

Description

Ingots and other primary forms

Tariff HSN

72189100

Description

Other : Of rectangular (other than square) cross-section

Tariff HSN

72189910

Description

Other : Other : Billets

Tariff HSN

72189990

Description

Other : Other : Other

India’s Trade Performance — HSN Sub-Chapter 7218 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

₹326 Cr

+32.84% vs FY 2023-24

0.0088% of India’s total exports

India’s Imports

FY 2024-25

₹8,565 Cr

−26.80% vs FY 2023-24

0.1404% of India’s total imports

Trade Balance

FY 2024-25

−₹8,238 Cr

Trade Deficit

Surplus rank #1142 of 1233 subchapters

% of Chapter 72

FY 2024-25

0.42%

Share of Chapter 72’s total exports in FY 2024-25

Import side: 5.82% of Chapter 72’s imports

Rank Within Chapter 72

FY 2024-25

#22 of 29

Position by export value among subchapters in Chapter 72

Import-side rank: #7 of 29

At a glance

12.11%

Export CAGR

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

#612

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+82.62%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.42%

Contribution to Ch. 72

Share of Chapter 72 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7218

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 #631

Balance

−225.53

Exports

164.26 ₹ Cr

0.0072% share

— YoY

0.24% of Ch. 72

Imports

389.79 ₹ Cr

0.0109% share

— YoY

0.44% of Ch. 72

FY 2019-20 Exp. Rank #697

Balance

−238.14

Exports

117.53 ₹ Cr

0.0053% share

−28.45% YoY

0.18% of Ch. 72

Imports

355.67 ₹ Cr

0.0106% share

−8.75% YoY

0.47% of Ch. 72

FY 2020-21 Exp. Rank #649

Balance

−68.46

Exports

157.63 ₹ Cr

0.0073% share

+34.12% YoY

0.18% of Ch. 72

Imports

226.09 ₹ Cr

0.0078% share

−36.43% YoY

0.37% of Ch. 72

FY 2021-22 Exp. Rank #591

Balance

−117.80

Exports

287.87 ₹ Cr

0.0092% share

+82.62% YoY

0.17% of Ch. 72

Imports

405.67 ₹ Cr

0.0089% share

+79.43% YoY

0.43% of Ch. 72

FY 2022-23 Exp. Rank #532

Balance

−7,807.10

Exports

452.97 ₹ Cr

0.0125% share

+57.35% YoY

0.42% of Ch. 72

Imports

8,260.07 ₹ Cr

0.1437% share

+1,936.16% YoY

5.78% of Ch. 72

FY 2023-24 Exp. Rank #654

Balance

−11,454.66

Exports

245.57 ₹ Cr

0.0068% share

−45.79% YoY

0.25% of Ch. 72

Imports

11,700.23 ₹ Cr

0.2083% share

+41.65% YoY

7.57% of Ch. 72

FY 2024-25 Exp. Rank #612

Balance

−8,238.35

Exports

326.21 ₹ Cr

0.0088% share

+32.84% YoY

0.42% of Ch. 72

Imports

8,564.56 ₹ Cr

0.1404% share

−26.80% YoY

5.82% of Ch. 72

CAGR · 7-Year

Exports

12.11% /yr

Imports

67.36% /yr

Consistently Deficit
Chapter 72 total

reference, FY 2024-25

Export

₹78,223.76 Cr

Import

₹1,47,109.35 Cr

Trade Balance

−68,885.59

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

Key Trade Insights: HSN Sub-Chapter 7218 Export-Import Analysis

Consistent Export Growth: 12.11% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7218 have grown at a compound annual rate of 12.11% over 7 fiscal years, rising from ₹164.26 Crore in FY 2018-19 to ₹326.21 Crore in FY 2024-25.

HSN Sub-Chapter 7218 Ranked #612 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7218 ranks #612 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #22 of 29. By trade surplus, it ranks #1142 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7218 Exports

The strongest single-year export movement for HSN Sub-Chapter 7218 was recorded in FY 2021-22, when exports surged by 82.62% over the prior year.

India Records a Trade Deficit of ₹8,238.35 Crore in HSN Sub-Chapter 7218 Goods

In FY 2024-25, India's imports of ₹8,564.56 Cr exceeded exports of ₹326.21 Cr, resulting in a trade deficit of ₹8,238.35 Crore — ranking #1142 of 1233 by surplus magnitude.

Import Growth of 67.36% CAGR Signals Rising Demand for Stainless steel products

India's imports under HSN Sub-Chapter 7218 have grown at 67.36% CAGR, reaching ₹8,564.56 Crore in FY 2024-25.

HSN Sub-Chapter 7218 Contributes 0.42% of Chapter 72 Exports — Ranked #22

Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7218 ranks #22 by export value — accounting for 0.42% of the chapter's total exports in FY 2024-25. On the import side, it holds 5.82% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7218 and GST compliance.

What products are classified under HSN 7218

It includes Stainless steel products

Any special steps when selling Stainless steel products through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

Do spares or accessories of Stainless steel products follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

Is the composition scheme suitable if I mainly trade Stainless steel products?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

If I repair and return Stainless steel products, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Any import/export nuance for Stainless steel products?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

Does packaging or branding change how GST applies to Stainless steel products?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Stainless steel products is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

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.

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