Consistent Export Growth: 10.08% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7220 have grown at a compound annual rate of 10.08% over 7 fiscal years, rising from ₹800.63 Crore in FY 2018-19 to ₹1,424.68 Crore in FY 2024-25.
HSN Sub Chapter 7220 represents Stainless steel flat products under GST classification. This code helps businesses identify Stainless steel flat products correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7220, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Stainless steel flat products.
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GST Rate for Stainless steel flat products under HSN Code 7220. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Stainless steel flat products.
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Skelp for pipes and tubes
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Strips for pipes and tubes (other than skelp) : Chromium type
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Strips for pipes and tubes (other than skelp) : Nickel chromium austenitic type
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Strips for pipes and tubes (other than skelp) : Other
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of 4.75 mm or more : Other
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Skelp for pipes and tubes
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Strips for pipes and tubes (other than skelp) : Chromium type
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Strips for pipes and tubes (other than skelp) : Nickel chromium austenitic type
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Strips for pipes and tubes (other than skelp) : Other
Tariff HSN
Description
Not further worked than hot-rolled : Of a thickness of less than 4.75 mm : Other
Tariff HSN
Description
Not further worked than cold-rolled (cold- reduced) : Skelp for pipes and tubes
Tariff HSN
Description
Not further worked than cold-rolled (cold- reduced) : Strips for pipes and tubes (other than skelp) : Chromium type
Tariff HSN
Description
Not further worked than cold-rolled (cold- reduced) : Strips for pipes and tubes (other than skelp) : Nickel chromium austenitic type
Tariff HSN
Description
Not further worked than cold-rolled (cold- reduced) : Strips for pipes and tubes (other than skelp) : Other
Tariff HSN
Description
Not further worked than cold-rolled (cold- reduced) : Other
Tariff HSN
Description
Other : Skelp (strips for pipes and tubes)
Tariff HSN
Description
Other : Strips for pipes and tubes (other than skelp) : Chromium type
Tariff HSN
Description
Other : Strips for pipes and tubes (other than skelp) : Nickel chromium austenitic type
Tariff HSN
Description
Other : Strips for pipes and tubes (other than skelp) : Other
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹1,425 Cr
0.0385% of India’s total exports
India’s Imports
FY 2024-25₹1,527 Cr
0.0250% of India’s total imports
Trade Balance
FY 2024-25−₹103 Cr
Surplus rank #724 of 1233 subchapters
% of Chapter 72
FY 2024-251.82%
Share of Chapter 72’s total exports in FY 2024-25
Import side: 1.04% of Chapter 72’s imports
Rank Within Chapter 72
FY 2024-25#12 of 29
Position by export value among subchapters in Chapter 72
Import-side rank: #11 of 29
At a glance
10.08%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#329
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+95.53%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.82%
Contribution to Ch. 72
Share of Chapter 72 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
−1,033.04
Exports
800.63 ₹ Cr
0.0349% share
— YoY
1.18% of Ch. 72
Imports
1,833.67 ₹ Cr
0.0511% share
— YoY
2.08% of Ch. 72
Balance
−1,187.63
Exports
708.08 ₹ Cr
0.0321% share
−11.56% YoY
1.08% of Ch. 72
Imports
1,895.71 ₹ Cr
0.0565% share
+3.38% YoY
2.50% of Ch. 72
Balance
−1,088.76
Exports
727.78 ₹ Cr
0.0338% share
+2.78% YoY
0.81% of Ch. 72
Imports
1,816.54 ₹ Cr
0.0623% share
−4.18% YoY
2.96% of Ch. 72
Balance
−1,263.91
Exports
1,423.04 ₹ Cr
0.0453% share
+95.53% YoY
0.83% of Ch. 72
Imports
2,686.95 ₹ Cr
0.0588% share
+47.92% YoY
2.86% of Ch. 72
Balance
−609.95
Exports
1,824.63 ₹ Cr
0.0504% share
+28.22% YoY
1.71% of Ch. 72
Imports
2,434.58 ₹ Cr
0.0423% share
−9.39% YoY
1.70% of Ch. 72
Balance
−325.97
Exports
1,549.69 ₹ Cr
0.0428% share
−15.07% YoY
1.58% of Ch. 72
Imports
1,875.66 ₹ Cr
0.0334% share
−22.96% YoY
1.21% of Ch. 72
Balance
−102.60
Exports
1,424.68 ₹ Cr
0.0385% share
−8.07% YoY
1.82% of Ch. 72
Imports
1,527.28 ₹ Cr
0.0250% share
−18.57% YoY
1.04% of Ch. 72
CAGR · 7-Year
Exports
10.08% /yr
Imports
−3.00% /yr
reference, FY 2024-25
Export
₹78,223.76 Cr
Import
₹1,47,109.35 Cr
Trade Balance
−68,885.59
India's exports under HSN Sub-Chapter 7220 have grown at a compound annual rate of 10.08% over 7 fiscal years, rising from ₹800.63 Crore in FY 2018-19 to ₹1,424.68 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7220 ranks #329 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #12 of 29. By trade surplus, it ranks #724 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7220 was recorded in FY 2021-22, when exports surged by 95.53% over the prior year.
In FY 2024-25, India's imports of ₹1,527.28 Cr exceeded exports of ₹1,424.68 Cr, resulting in a trade deficit of ₹102.60 Crore — ranking #724 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7220 have grown at −3.00% CAGR, reaching ₹1,527.28 Crore in FY 2024-25.
Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7220 ranks #12 by export value — accounting for 1.82% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.04% share (rank #11).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 7220 and GST compliance.
It includes Stainless steel flat products
If your outward supply of Stainless steel flat products is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Stainless steel flat 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.
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.