Consistent Export Growth: 7.10% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7228 have grown at a compound annual rate of 7.10% over 7 fiscal years, rising from ₹631.14 Crore in FY 2018-19 to ₹952.60 Crore in FY 2024-25.
HSN Sub Chapter 7228 represents Alloy Steel Bars & Rods under GST classification. This code helps businesses identify Alloy Steel Bars & Rods correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7228, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Alloy Steel Bars & Rods.
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GST Rate for Alloy Steel Bars & Rods under HSN Code 7228. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Alloy Steel Bars & Rods.
Tariff HSN
Description
Bars and rods, of high speed steel : Bright bars
Tariff HSN
Description
Bars and rods, of high speed steel : Other
Tariff HSN
Description
Bars and rods, of silico-manganese steel
Tariff HSN
Description
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Bright bars : Of alloy tool steel
Tariff HSN
Description
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Bright bars : Other
Tariff HSN
Description
Lead bearing steel
Tariff HSN
Description
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Spring steel
Tariff HSN
Description
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Sulphur bearing steel
Tariff HSN
Description
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Tool and die steel
Tariff HSN
Description
Other bars and rods, not further worked than hot-rolled, hot-drawn or extruded : Other : Other
Tariff HSN
Description
Other bars and rods, not further worked than forged
Tariff HSN
Description
Other bars and rods, not further worked than cold-formed or cold-finished : Of engine valves and cold heading steel
Tariff HSN
Description
Other bars and rods, not further worked than cold-formed or cold-finished : Other
Tariff HSN
Description
Other bars and rods : Bright bars : Of alloy tool steel
Tariff HSN
Description
Other bars and rods : Bright bars : Other
Tariff HSN
Description
Other bars and rods : Other : Lead bearing steel
Tariff HSN
Description
Other bars and rods : Other : Spring steel
Tariff HSN
Description
Other bars and rods : Other : Sulphur bearing steel
Tariff HSN
Description
Other bars and rods : Other : Tool and die steel
Tariff HSN
Description
Other bars and rods : Other : Other
Tariff HSN
Description
Angles, shapes and sections : Not further worked than hot-rolled, hot-drawn or extruded : Of 80 mm or more
Tariff HSN
Description
Angles, shapes and sections : Not further worked than hot-rolled, hot-drawn or extruded : Of less than 80 mm
Tariff HSN
Description
Angles, shapes and sections : Not further worked than cold-formed or coldfinished : Of 80 mm or more
Tariff HSN
Description
Angles, shapes and sections : Not further worked than cold-formed or coldfinished : Of less than 80 mm
Tariff HSN
Description
Hollow drill bars and rods : Of alloy steel
Tariff HSN
Description
Hollow drill bars and rods : Of non alloy steel, forged
Tariff HSN
Description
Hollow drill bars and rods : Other
India’s Exports
FY 2024-25₹953 Cr
0.0257% of India’s total exports
India’s Imports
FY 2024-25₹3,101 Cr
0.0508% of India’s total imports
Trade Balance
FY 2024-25−₹2,148 Cr
Surplus rank #1037 of 1233 subchapters
% of Chapter 72
FY 2024-251.22%
Share of Chapter 72’s total exports in FY 2024-25
Import side: 2.11% of Chapter 72’s imports
Rank Within Chapter 72
FY 2024-25#17 of 29
Position by export value among subchapters in Chapter 72
Import-side rank: #8 of 29
At a glance
7.10%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#400
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+182.38%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.22%
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
−2,364.97
Exports
631.14 ₹ Cr
0.0275% share
— YoY
0.93% of Ch. 72
Imports
2,996.11 ₹ Cr
0.0834% share
— YoY
3.41% of Ch. 72
Balance
−1,843.05
Exports
497.02 ₹ Cr
0.0225% share
−21.25% YoY
0.76% of Ch. 72
Imports
2,340.07 ₹ Cr
0.0698% share
−21.90% YoY
3.08% of Ch. 72
Balance
−1,384.33
Exports
485.19 ₹ Cr
0.0226% share
−2.38% YoY
0.54% of Ch. 72
Imports
1,869.52 ₹ Cr
0.0642% share
−20.11% YoY
3.05% of Ch. 72
Balance
−1,092.52
Exports
1,370.06 ₹ Cr
0.0437% share
+182.38% YoY
0.80% of Ch. 72
Imports
2,462.58 ₹ Cr
0.0539% share
+31.72% YoY
2.62% of Ch. 72
Balance
−1,806.51
Exports
1,278.64 ₹ Cr
0.0353% share
−6.67% YoY
1.20% of Ch. 72
Imports
3,085.15 ₹ Cr
0.0537% share
+25.28% YoY
2.16% of Ch. 72
Balance
−2,050.19
Exports
1,132.52 ₹ Cr
0.0313% share
−11.43% YoY
1.15% of Ch. 72
Imports
3,182.71 ₹ Cr
0.0567% share
+3.16% YoY
2.06% of Ch. 72
Balance
−2,148.20
Exports
952.60 ₹ Cr
0.0257% share
−15.89% YoY
1.22% of Ch. 72
Imports
3,100.80 ₹ Cr
0.0508% share
−2.57% YoY
2.11% of Ch. 72
CAGR · 7-Year
Exports
7.10% /yr
Imports
0.57% /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 7228 have grown at a compound annual rate of 7.10% over 7 fiscal years, rising from ₹631.14 Crore in FY 2018-19 to ₹952.60 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7228 ranks #400 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #17 of 29. By trade surplus, it ranks #1037 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7228 was recorded in FY 2021-22, when exports surged by 182.38% over the prior year.
In FY 2024-25, India's imports of ₹3,100.80 Cr exceeded exports of ₹952.60 Cr, resulting in a trade deficit of ₹2,148.20 Crore — ranking #1037 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7228 have grown at 0.57% CAGR, reaching ₹3,100.80 Crore in FY 2024-25.
Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7228 ranks #17 by export value — accounting for 1.22% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.11% share (rank #8).
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 7228 and GST compliance.
It includes Alloy Steel Bars & Rods
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Alloy Steel Bars & Rods 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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Alloy Steel Bars & Rods are forward charge. Check the current notifications for any special cases before deciding.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.