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HSN Code 72179012: Flat & Rectangular Shaped and Profiled Wire

HSN Code 72179012 represents Flat & Rectangular Shaped and Profiled Wire under GST classification. This code helps businesses identify Flat & Rectangular Shaped and Profiled Wire correctly for billing, taxation, and trade. With HSN Code 72179012, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Flat & Rectangular Shaped and Profiled Wire.

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Description of Goods for HSN Code 72179012

HSN Code 72179012 relates to the following description.

Description of Goods

Other : Shaped and profiled wire : Of cross section – flat and rectangular

Chapter

72 - Iron and steel

Sub Chapter

7217 - Wire of iron or non-alloy steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72179012 not include?

Flat & Rectangular Shaped and Profiled Wire does not include products with the following descriptions.

Not plated or coated, whether or not polished : Of a thickness of 18 SWG and below

Not plated or coated, whether or not polished : Of a thickness above 18 SWG but up to 26 SWG

Not plated or coated, whether or not polished : Of a thickness above 26 SWG

Plated or coated with other base metals : Of a thickness of 18 SWG and below

Plated or coated with other base metals : Of a thickness above 18 SWG but up to 26 SWG

Other : Other : Electric resistance wire (including electric resistance heating wire)

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India’s Trade Performance — HSN Code 72179012 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

−45.56% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

−40.93% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7781 of 12657 HSN codes

% of Sub-Chapter 7217

FY 2024-25

0.21%

Share of Sub-Chapter 7217’s total exports in FY 2024-25

Import side: 0.17% of Sub-Chapter 7217’s imports

Rank Within Sub-Chapter 7217

FY 2024-25

#13 of 17

Position by export value among HSN codes in Sub-Chapter 7217

Import-side rank: #14 of 17

At a glance

−18.44%

Export CAGR

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

#8265

National Export Rank

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

+158.49%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.21%

Contribution to Sub-Ch. 7217

Share of Sub-Chapter 7217 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72179012

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 #6348

Balance

+3.04

Exports

3.33 ₹ Cr

0.0001% share

YoY

1.21% of Sub-Ch. 7217

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.02% of Sub-Ch. 7217

FY 2019-20 Exp. Rank #6881

Balance

+1.12

Exports

2.09 ₹ Cr

0.0001% share

−37.24% YoY

0.70% of Sub-Ch. 7217

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+234.48% YoY

0.10% of Sub-Ch. 7217

FY 2020-21 Exp. Rank #7618

Balance

−0.62

Exports

1.06 ₹ Cr

0.0000% share

−49.28% YoY

0.34% of Sub-Ch. 7217

Imports

1.68 ₹ Cr

0.0001% share

+73.20% YoY

0.19% of Sub-Ch. 7217

FY 2021-22 Exp. Rank #6986

Balance

+1.08

Exports

2.74 ₹ Cr

0.0001% share

+158.49% YoY

0.37% of Sub-Ch. 7217

Imports

1.66 ₹ Cr

0.0000% share

−1.19% YoY

0.15% of Sub-Ch. 7217

FY 2022-23 Exp. Rank #7598

Balance

−0.20

Exports

1.71 ₹ Cr

0.0000% share

−37.59% YoY

0.35% of Sub-Ch. 7217

Imports

1.91 ₹ Cr

0.0000% share

+15.06% YoY

0.16% of Sub-Ch. 7217

FY 2023-24 Exp. Rank #7679

Balance

−1.01

Exports

1.80 ₹ Cr

0.0000% share

+5.26% YoY

0.39% of Sub-Ch. 7217

Imports

2.81 ₹ Cr

0.0001% share

+47.12% YoY

0.25% of Sub-Ch. 7217

FY 2024-25 Exp. Rank #8265

Balance

−0.68

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−45.56% YoY

0.21% of Sub-Ch. 7217

Imports

1.66 ₹ Cr

0.0000% share

−40.93% YoY

0.17% of Sub-Ch. 7217

CAGR · 7-Year

Exports

−18.44% /yr

Imports

33.75% /yr

Consistently Deficit
Sub-Chapter 7217 total

reference, FY 2024-25

Export

₹463.47 Cr

Import

₹960.60 Cr

Trade Balance

−497.13

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

Key Trade Insights: HSN Code 72179012 Export-Import Analysis

Export Decline: −18.44% CAGR Over 7 Years

India's exports under HSN Code 72179012 have declined at a compound annual rate of −18.44% over 7 fiscal years, falling from ₹3.33 Crore in FY 2018-19 to ₹0.98 Crore in FY 2024-25.

HSN Code 72179012 Ranked #8265 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72179012 ranks #8265 out of 12657 HSN codes by total export value. Within Sub-Chapter 7217, it ranks #13 of 17. By trade surplus, it ranks #7781 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72179012 Exports

The strongest single-year export movement for HSN Code 72179012 was recorded in FY 2021-22, when exports surged by 158.49% over the prior year.

India Records a Trade Deficit of ₹0.68 Crore in HSN Code 72179012 Goods

In FY 2024-25, India's imports of ₹1.66 Cr exceeded exports of ₹0.98 Cr, resulting in a trade deficit of ₹0.68 Crore — ranking #7781 of 12657 by surplus magnitude.

Import Growth of 33.75% CAGR Signals Rising Demand for Flat & Rectangular Shaped and Profiled Wire

India's imports under HSN Code 72179012 have grown at 33.75% CAGR, reaching ₹1.66 Crore in FY 2024-25.

HSN Code 72179012 Contributes 0.21% of Sub-Chapter 7217 Exports — Ranked #13

Among the 17 HSN codes under Sub-Chapter 7217, HSN Code 72179012 ranks #13 by export value — accounting for 0.21% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.17% share (rank #14).

Frequently Asked Questions

Clear answers to common queries about HSN Code 72179012 and GST compliance.

What products are classified under HSN 72179012 ?

It includes Other : Other : High tensile quality

Can we claim ITC on inputs used to trade Flat & Rectangular Shaped and Profiled Wire?

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 Flat & Rectangular Shaped and Profiled Wire is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Flat & Rectangular Shaped and Profiled Wire; Nil for exempt items if applicable).

How much GST applies to Flat & Rectangular Shaped and Profiled Wire?

Under HSN 72179012, Flat & Rectangular Shaped and Profiled Wire attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Flat & Rectangular Shaped and Profiled Wire?

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.

Does packaging or labelling change the GST for Flat & Rectangular Shaped and Profiled Wire?

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.

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.