HSN Code 72071290: Other Wire Rods
HSN Code 72071290 represents Other Wire Rods under GST classification. This code helps businesses identify Other Wire Rods correctly for billing, taxation, and trade. With HSN Code 72071290, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Wire Rods.
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Description of Goods for HSN Code 72071290
HSN Code 72071290 relates to the following description.
What does HSN Code 72071290 not include?
Other Wire Rods does not include products with the following descriptions.
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Electrical quality
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Forging quality
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
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Other
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Electrical quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Forging quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Seamless steel tube quality
Containing by weight less than 0.20% of carbon : Other : Forged blanks of non-alloy steel
Containing by weight less than 0.20% of carbon : Other : Mild steel billets
Containing by weight less than 0.20% of carbon : Other : Other
Containing by weight 0.20% or more of carbon : Forging quality
Containing by weight 0.20% or more of carbon : Spring steel quality
Containing by weight 0.20% or more of carbon : Seamless steel tube quality
Containing by weight 0.20% or more of carbon : Other
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Electrical quality
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Forging quality
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
Containing by weight less than 0.20% of carbon : Of rectangular (including square) crosssection, the width measuring less than twice the thickness : Other
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Electrical quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Forging quality
Containing by weight less than 0.20% of carbon : Other, of rectangular (other than square) cross-section : Seamless steel tube quality
Containing by weight less than 0.20% of carbon : Other : Forged blanks of non-alloy steel
Containing by weight less than 0.20% of carbon : Other : Mild steel billets
Containing by weight less than 0.20% of carbon : Other : Other
Containing by weight 0.20% or more of carbon : Forging quality
Containing by weight 0.20% or more of carbon : Spring steel quality
Containing by weight 0.20% or more of carbon : Seamless steel tube quality
Containing by weight 0.20% or more of carbon : Other
India’s Trade Performance — HSN Code 72071290 in FY 2024-25
India’s Exports
FY 2024-25₹2,142 Cr
0.0582% of India’s total exports
India’s Imports
FY 2024-25₹259 Cr
0.0043% of India’s total imports
Trade Balance
FY 2024-25₹1,883 Cr
Surplus rank #203 of 12657 HSN codes
% of Sub-Chapter 7207
FY 2024-2567.92%
Share of Sub-Chapter 7207’s total exports in FY 2024-25
Import side: 23.17% of Sub-Chapter 7207’s imports
Rank Within Sub-Chapter 7207
FY 2024-25#1 of 15
Position by export value among HSN codes in Sub-Chapter 7207
Import-side rank: #2 of 15
At a glance
150.40%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#246
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+9,104.03%
Peak Growth Year
FY 2019-20 · strongest single-year move
67.92%
Contribution to Sub-Ch. 7207
Share of Sub-Chapter 7207 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−1,076.11
Exports
8.69 ₹ Cr
0.0004% share
— YoY
0.11% of Sub-Ch. 7207
Imports
1,084.80 ₹ Cr
0.0303% share
— YoY
82.36% of Sub-Ch. 7207
Balance
+782.02
Exports
799.83 ₹ Cr
0.0363% share
+9,104.03% YoY
9.51% of Sub-Ch. 7207
Imports
17.81 ₹ Cr
0.0005% share
−98.36% YoY
4.61% of Sub-Ch. 7207
Balance
+839.86
Exports
961.91 ₹ Cr
0.0447% share
+20.26% YoY
4.83% of Sub-Ch. 7207
Imports
122.05 ₹ Cr
0.0042% share
+585.29% YoY
29.35% of Sub-Ch. 7207
Balance
+1,206.61
Exports
1,206.61 ₹ Cr
0.0384% share
+25.44% YoY
5.49% of Sub-Ch. 7207
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7207
Balance
+102.09
Exports
1,267.81 ₹ Cr
0.0350% share
+5.07% YoY
16.73% of Sub-Ch. 7207
Imports
1,165.72 ₹ Cr
0.0203% share
— YoY
71.95% of Sub-Ch. 7207
Balance
+563.86
Exports
1,598.91 ₹ Cr
0.0442% share
+26.12% YoY
40.26% of Sub-Ch. 7207
Imports
1,035.05 ₹ Cr
0.0184% share
−11.21% YoY
51.01% of Sub-Ch. 7207
Balance
+1,883.02
Exports
2,142.07 ₹ Cr
0.0582% share
+33.97% YoY
67.92% of Sub-Ch. 7207
Imports
259.05 ₹ Cr
0.0043% share
−74.97% YoY
23.17% of Sub-Ch. 7207
CAGR · 7-Year
Exports
150.40% /yr
Imports
−21.23% /yr
reference, FY 2024-25
Export
₹3,153.62 Cr
Import
₹1,117.98 Cr
Trade Balance
+2,035.64
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72071290 and GST compliance.
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.