HSN Code 72071230: Other Wire Rods of Stainless Steel

HSN Code 72071230 represents Other Wire Rods of Stainless Steel under GST classification. This code helps businesses identify Other Wire Rods of Stainless Steel correctly for billing, taxation, and trade. With HSN Code 72071230, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Wire Rods of Stainless Steel.

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Description of Goods for HSN Code 72071230

HSN Code 72071230 relates to the following description.

Description of Goods

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Seamless steel tube quality

Chapter

72 - Iron and steel

Sub Chapter

7207 - Semi-finished products of iron or non-alloy steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72071230 not include?

Other Wire Rods of Stainless Steel does not include products with the following descriptions.

HSN Code 72071110

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Electrical quality

HSN Code 72071120

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Forging quality

HSN Code 72071130

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Seamless steel tube quality

HSN Code 72071190

Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Other

HSN Code 72071210

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Electrical quality

HSN Code 72071220

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Forging quality

HSN Code 72071290

Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Other

HSN Code 72071910

Containing by weight less than 0.20% of carbon : Other : Forged blanks of non-alloy steel

HSN Code 72071920

Containing by weight less than 0.20% of carbon : Other : Mild steel billets

India’s Trade Performance — HSN Code 72071230 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

< ₹1 Crore

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #5420 of 12657 HSN codes

% of Sub-Chapter 7207

FY 2024-25

0.00%

Share of Sub-Chapter 7207’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 7207’s imports

Rank Within Sub-Chapter 7207

FY 2024-25

#14 of 15

Position by export value among HSN codes in Sub-Chapter 7207

At a glance

#10112

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

−100.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7207

Share of Sub-Chapter 7207 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72071230

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

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

FY 2020-21 Exp. Rank #9824

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

FY 2022-23 Exp. Rank #10152

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

FY 2023-24

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

FY 2024-25 Exp. Rank #10112

Balance

+0.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7207

Sub-Chapter 7207 total

reference, FY 2024-25

Export

₹3,153.62 Cr

Import

₹1,117.98 Cr

Trade Balance

+2,035.64

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

Key Trade Insights: HSN Code 72071230 Export-Import Analysis

Export Snapshot for HSN Code 72071230

India exported ₹0.04 Crore worth of Other Wire Rods of Stainless Steel in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 72071230 Ranked #10112 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72071230 ranks #10112 out of 12657 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #14 of 15. By trade surplus, it ranks #5420 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72071230 Exports

The strongest single-year export movement for HSN Code 72071230 was recorded in FY 2021-22, when exports declined by 100.00% over the prior year.

India Maintains a Trade Surplus of ₹0.04 Crore in HSN Code 72071230 Goods

In FY 2024-25, India's exports of ₹0.04 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.04 Crore — ranking #5420 of 12657 by surplus magnitude.

HSN Code 72071230 Contributes 0.00% of Sub-Chapter 7207 Exports — Ranked #14

Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071230 ranks #14 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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Frequently Asked Questions

Clear answers to common queries about HSN Code 72071230 and GST compliance.

What products are classified under HSN 72071230 ?

It includes Bars and Rods of Alloy Hot-Rolled Steel

Can we claim ITC on inputs used to trade Other Wire Rods of Stainless Steel?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How should mixed supplies be billed when Other Wire Rods of Stainless Steel is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Wire Rods of Stainless Steel; Nil for exempt items if applicable).

How much GST applies to Other Wire Rods of Stainless Steel?

Under HSN 72071230, Other Wire Rods of Stainless Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Other Wire Rods of Stainless Steel?

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.

Any common misclassification issue with Other Wire Rods of Stainless Steel?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

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.