--- title: "HSN Code for Wire of stainless steel : Electrode quality | HSN 72230010 GST Rate" description: "Find HSN and GST Rates for 72230010 related to Wire of stainless steel : Electrode quality with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72230010/" --- # HSN Code 72230010: Wire of stainless steel : Electrode quality - [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 7223: Wire of stainless steel](https://busy.in/hsn/sub-chapter-7223/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Wire of stainless steel : Electrode quality | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72230010 ? It includes Wire of stainless steel: < 0.46 mm ### Can we claim ITC on inputs used to trade Wire of stainless steel : Electrode quality? 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 Wire of stainless steel : Electrode quality is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wire of stainless steel : Electrode quality; Nil for exempt items if applicable). ### How much GST applies to Wire of stainless steel : Electrode quality? Under HSN 72230010, Wire of stainless steel : Electrode quality attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Wire of stainless steel : Electrode quality? 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 Wire of stainless steel : Electrode quality? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 72230010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹306 Cr (−8.55% YoY) — 0.0083% of India's total exports - Imports: ₹39 Cr (+20.18% YoY) — 0.0006% of India's total imports - Trade balance: ₹267 Cr (Surplus); surplus rank #981 of 12657 HSN codes - Share of Sub-Chapter 7223: 8.59% of its exports; import side 11.50% - Rank within Sub-Chapter 7223: #4 of 4 by export value; import-side #4 ### Key metrics - Export CAGR: 8.08% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1421 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +68.61% in FY 2021-22 - Contribution to Sub-Ch. 7223: 8.59% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72230010 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. 7223 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7223 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 192.02 | 0.0084% | — | 8.90% | 10.86 | 0.0003% | — | 4.50% | +181.16 | #1349 | | FY 2019-20 | 162.93 | 0.0074% | −15.15% | 8.12% | 29.08 | 0.0009% | +167.77% | 11.92% | +133.85 | #1505 | | FY 2020-21 | 163.13 | 0.0076% | +0.12% | 7.48% | 34.95 | 0.0012% | +20.19% | 17.13% | +128.18 | #1576 | | FY 2021-22 | 275.06 | 0.0088% | +68.61% | 7.07% | 31.65 | 0.0007% | −9.44% | 11.93% | +243.41 | #1348 | | FY 2022-23 | 303.80 | 0.0084% | +10.45% | 8.14% | 35.49 | 0.0006% | +12.13% | 12.04% | +268.31 | #1319 | | FY 2023-24 | 334.70 | 0.0093% | +10.17% | 10.48% | 32.45 | 0.0006% | −8.57% | 11.26% | +302.25 | #1291 | | FY 2024-25 | 306.09 | 0.0083% | −8.55% | 8.59% | 39.00 | 0.0006% | +20.18% | 11.50% | +267.09 | #1421 | - CAGR (7-year): exports 8.08%/yr, imports 23.75%/yr (consistently Surplus) ## Key trade insights: HSN Code 72230010 export-import analysis ### Consistent export growth: 8.08% CAGR over 7 years India's exports under HSN Code 72230010 have grown at a compound annual rate of 8.08% over 7 fiscal years, rising from ₹192.02 Crore in FY 2018-19 to ₹306.09 Crore in FY 2024-25. ### HSN Code 72230010 ranked #1421 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72230010 ranks #1421 out of 12657 HSN codes by total export value. Within Sub-Chapter 7223, it ranks #4 of 4. By trade surplus, it ranks #981 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72230010 exports The strongest single-year export movement for HSN Code 72230010 was recorded in FY 2021-22, when exports surged by 68.61% over the prior year. ### India maintains a trade surplus of ₹267.09 Crore in HSN Code 72230010 goods In FY 2024-25, India's exports of ₹306.09 Cr exceeded imports of ₹39.00 Cr, resulting in a trade surplus of ₹267.09 Crore — ranking #981 of 12657 by surplus magnitude. ### Import growth of 23.75% CAGR signals rising demand for Wire of stainless steel : Electrode quality India's imports under HSN Code 72230010 have grown at 23.75% CAGR, reaching ₹39.00 Crore in FY 2024-25. ### HSN Code 72230010 contributes 8.59% of Sub-Chapter 7223 exports — ranked #4 Among the 4 HSN codes under Sub-Chapter 7223, HSN Code 72230010 ranks #4 by export value — accounting for 8.59% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.50% share (rank #4). ## Related HSN Codes in Sub-Chapter 7223 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72230091: Stainless steel wire: 1.5mm+ thickness](https://busy.in/hsn/hsn-72230091/) | ₹2,220 Cr | | #2 | [HSN Code 72230092: Stainless Steel Wire (0.46-1.5 mm)](https://busy.in/hsn/hsn-72230092/) | ₹664 Cr | | #3 | [HSN Code 72230099: Wire of stainless steel: < 0.46 mm](https://busy.in/hsn/hsn-72230099/) | ₹371 Cr | | #4 | HSN Code 72230010: Wire of stainless steel : Electrode quality (this hsn code) | ₹306 Cr |