--- title: "HSN Code for Other Wire Rods | HSN 72071290 GST Rate" description: "Find HSN and GST Rates for 72071290 related to Other Wire Rods with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72071290/" --- # HSN Code 72071290: Other Wire Rods - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/) - [Sub-chapter 7207: Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72071290 ? It includes Other Hot-Rolled Bars and Rods ### Does packaging or labelling change the GST for Other Wire Rods? For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading. ### Any common misclassification issue with Other Wire Rods? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Other Wire Rods? 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 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; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Other Wire Rods? 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. ## India's trade performance: HSN Code 72071290 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2,142 Cr (+33.97% YoY) — 0.0582% of India's total exports - Imports: ₹259 Cr (−74.97% YoY) — 0.0043% of India's total imports - Trade balance: ₹1,883 Cr (Surplus); surplus rank #203 of 12657 HSN codes - Share of Sub-Chapter 7207: 67.92% of its exports; import side 23.17% - Rank within Sub-Chapter 7207: #1 of 15 by export value; import-side #2 ### Key metrics - Export CAGR: 150.40% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #246 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +9,104.03% in FY 2019-20 - Contribution to Sub-Ch. 7207: 67.92% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72071290 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7207 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7207 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 8.69 | 0.0004% | — | 0.11% | 1,084.80 | 0.0303% | — | 82.36% | −1,076.11 | #5166 | | FY 2019-20 | 799.83 | 0.0363% | +9,104.03% | 9.51% | 17.81 | 0.0005% | −98.36% | 4.61% | +782.02 | #416 | | FY 2020-21 | 961.91 | 0.0447% | +20.26% | 4.83% | 122.05 | 0.0042% | +585.29% | 29.35% | +839.86 | #374 | | FY 2021-22 | 1,206.61 | 0.0384% | +25.44% | 5.49% | Nil | 0.0000% | −100.00% | 0.00% | +1,206.61 | #403 | | FY 2022-23 | 1,267.81 | 0.0350% | +5.07% | 16.73% | 1,165.72 | 0.0203% | — | 71.95% | +102.09 | #398 | | FY 2023-24 | 1,598.91 | 0.0442% | +26.12% | 40.26% | 1,035.05 | 0.0184% | −11.21% | 51.01% | +563.86 | #315 | | FY 2024-25 | 2,142.07 | 0.0582% | +33.97% | 67.92% | 259.05 | 0.0043% | −74.97% | 23.17% | +1,883.02 | #246 | - CAGR (7-year): exports 150.40%/yr, imports -21.23%/yr (consistently Surplus) ## Key trade insights: HSN Code 72071290 export-import analysis ### Consistent export growth: 150.40% CAGR over 7 years India's exports under HSN Code 72071290 have grown at a compound annual rate of 150.40% over 7 fiscal years, rising from ₹8.69 Crore in FY 2018-19 to ₹2,142.07 Crore in FY 2024-25. ### HSN Code 72071290 ranked #246 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72071290 ranks #246 out of 12657 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #1 of 15. By trade surplus, it ranks #203 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 72071290 exports The strongest single-year export movement for HSN Code 72071290 was recorded in FY 2019-20, when exports surged by 9,104.03% over the prior year. ### India maintains a trade surplus of ₹1,883.02 Crore in HSN Code 72071290 goods In FY 2024-25, India's exports of ₹2,142.07 Cr exceeded imports of ₹259.05 Cr, resulting in a trade surplus of ₹1,883.02 Crore — ranking #203 of 12657 by surplus magnitude. ### Import growth of -21.23% CAGR signals stable import dependency for Other Wire Rods India's imports under HSN Code 72071290 have grown at -21.23% CAGR, reaching ₹259.05 Crore in FY 2024-25. ### HSN Code 72071290 contributes 67.92% of Sub-Chapter 7207 exports — ranked #1 Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071290 ranks #1 by export value — accounting for 67.92% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 23.17% share (rank #2). ## Related HSN Codes in Sub-Chapter 7207 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 72071290: Other Wire Rods (this hsn code) | ₹2,142 Cr | | #2 | [HSN Code 72071920: Bars and Rods of Alloy Hot-Rolled Steel](https://busy.in/hsn/hsn-72071920/) | ₹882 Cr | | #3 | [HSN Code 72071190: Other Semi-Finished Steel Products](https://busy.in/hsn/hsn-72071190/) | ₹53 Cr | | #4 | [HSN Code 72071990: Other Hot-Rolled Bars and Rods](https://busy.in/hsn/hsn-72071990/) | ₹48 Cr | | #5 | [HSN Code 72072090: Other Cold-Rolled Bars and Rods](https://busy.in/hsn/hsn-72072090/) | ₹16 Cr | | #6 | [HSN Code 72071910: Bars and Rods of Non-Alloy Hot-Rolled Iron](https://busy.in/hsn/hsn-72071910/) | ₹5 Cr | | #7 | [HSN Code 72071110: Semi-Finished Products of Iron or Non-Alloy Steel](https://busy.in/hsn/hsn-72071110/) | ₹2 Cr | | #8 | [HSN Code 72071120: Semi-Finished Alloy Steel Products](https://busy.in/hsn/hsn-72071120/) | ₹2 Cr | | #9 | [HSN Code 72072010: Bars and Rods of Non-Alloy Cold-Rolled Iron](https://busy.in/hsn/hsn-72072010/) | ₹1 Cr | | #10 | [HSN Code 72072030: Bars and Rods of Stainless Cold-Rolled Steel](https://busy.in/hsn/hsn-72072030/) | < ₹1 Crore |