7221 HSN Code: Stainless steel bars and rods

HSN Sub Chapter 7221 represents Stainless steel bars and rods under GST classification. This code helps businesses identify Stainless steel bars and rods correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7221, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Stainless steel bars and rods.

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New GST Rate for HSN Code 7221

GST Rate for Stainless steel bars and rods under HSN Code 7221. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

72

HSN Code

7221

HSN Description

Barsandrods, hot-rolled, inirregularlywound coils, of stainless steel

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7221

Following tariff HSN codes fall under Stainless steel bars and rods.

Tariff HSN

72210011

Description

Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel : Bright bars : Chromium type

Tariff HSN

72210012

Description

Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel : Bright bars : Nickel chromium austenitic type

Tariff HSN

72210019

Description

Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel : Bright bars : Other

Tariff HSN

72210090

Description

Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel : Other

India’s Trade Performance — HSN Sub-Chapter 7221 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

₹969 Cr

+8.60% vs FY 2023-24

0.0262% of India’s total exports

India’s Imports

FY 2024-25

₹363 Cr

+14.97% vs FY 2023-24

0.0060% of India’s total imports

Trade Balance

FY 2024-25

₹605 Cr

Trade Surplus

Surplus rank #243 of 1233 subchapters

% of Chapter 72

FY 2024-25

1.24%

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

Import side: 0.25% of Chapter 72’s imports

Rank Within Chapter 72

FY 2024-25

#16 of 29

Position by export value among subchapters in Chapter 72

Import-side rank: #23 of 29

At a glance

10.05%

Export CAGR

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

#395

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+92.17%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.24%

Contribution to Ch. 72

Share of Chapter 72 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7221

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 #401

Balance

+8.46

Exports

545.17 ₹ Cr

0.0238% share

— YoY

0.80% of Ch. 72

Imports

536.71 ₹ Cr

0.0149% share

— YoY

0.61% of Ch. 72

FY 2019-20 Exp. Rank #392

Balance

+117.52

Exports

540.85 ₹ Cr

0.0245% share

−0.79% YoY

0.82% of Ch. 72

Imports

423.33 ₹ Cr

0.0126% share

−21.13% YoY

0.56% of Ch. 72

FY 2020-21 Exp. Rank #369

Balance

+298.40

Exports

699.08 ₹ Cr

0.0325% share

+29.26% YoY

0.78% of Ch. 72

Imports

400.68 ₹ Cr

0.0138% share

−5.35% YoY

0.65% of Ch. 72

FY 2021-22 Exp. Rank #305

Balance

+859.09

Exports

1,343.40 ₹ Cr

0.0428% share

+92.17% YoY

0.79% of Ch. 72

Imports

484.31 ₹ Cr

0.0106% share

+20.87% YoY

0.51% of Ch. 72

FY 2022-23 Exp. Rank #307

Balance

+1,109.78

Exports

1,511.57 ₹ Cr

0.0417% share

+12.52% YoY

1.41% of Ch. 72

Imports

401.79 ₹ Cr

0.0070% share

−17.04% YoY

0.28% of Ch. 72

FY 2023-24 Exp. Rank #395

Balance

+575.90

Exports

891.98 ₹ Cr

0.0247% share

−40.99% YoY

0.91% of Ch. 72

Imports

316.08 ₹ Cr

0.0056% share

−21.33% YoY

0.20% of Ch. 72

FY 2024-25 Exp. Rank #395

Balance

+605.28

Exports

968.67 ₹ Cr

0.0262% share

+8.60% YoY

1.24% of Ch. 72

Imports

363.39 ₹ Cr

0.0060% share

+14.97% YoY

0.25% of Ch. 72

CAGR · 7-Year

Exports

10.05% /yr

Imports

−6.29% /yr

Consistently Surplus
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 7221 Export-Import Analysis

Consistent Export Growth: 10.05% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7221 have grown at a compound annual rate of 10.05% over 7 fiscal years, rising from ₹545.17 Crore in FY 2018-19 to ₹968.67 Crore in FY 2024-25.

HSN Sub-Chapter 7221 Ranked #395 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7221 ranks #395 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #16 of 29. By trade surplus, it ranks #243 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7221 Exports

The strongest single-year export movement for HSN Sub-Chapter 7221 was recorded in FY 2021-22, when exports surged by 92.17% over the prior year.

India Maintains a Trade Surplus of ₹605.28 Crore in HSN Sub-Chapter 7221 Goods

In FY 2024-25, India's exports of ₹968.67 Cr exceeded imports of ₹363.39 Cr, resulting in a trade surplus of ₹605.28 Crore — ranking #243 of 1233 by surplus magnitude.

Import Growth of −6.29% CAGR Signals Stable Import Dependency for Stainless steel bars and rods

India's imports under HSN Sub-Chapter 7221 have grown at −6.29% CAGR, reaching ₹363.39 Crore in FY 2024-25.

HSN Sub-Chapter 7221 Contributes 1.24% of Chapter 72 Exports — Ranked #16

Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7221 ranks #16 by export value — accounting for 1.24% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.25% share (rank #23).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7221 and GST compliance.

What products are classified under HSN 7221

It includes Stainless steel bars and rods

Do spares or accessories of Stainless steel bars and rods 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.

Any special steps when selling Stainless steel bars and rods 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.

How are warranty replacements of Stainless steel bars and rods handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

Is the composition scheme suitable if I mainly trade Stainless steel bars and rods?

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.

Does MRP, weight or pack size change GST treatment for Stainless steel bars and rods?

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.

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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