HSN Code 72230010: Wire of stainless steel : Electrode quality

HSN Code 72230010 represents Wire of stainless steel : Electrode quality under GST classification. This code helps businesses identify Wire of stainless steel : Electrode quality correctly for billing, taxation, and trade. With HSN Code 72230010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wire of stainless steel : Electrode quality.

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Description of Goods for HSN Code 72230010

HSN Code 72230010 relates to the following description.

Description of Goods

Wire of stainless steel : Electrode quality

Chapter

72 - Iron and steel

Sub Chapter

7223 - Wire of stainless steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72230010 not include?

Wire of stainless steel : Electrode quality does not include products with the following descriptions.

HSN Code 72230092

Wire of stainless steel : Other : Of thickness of 0.46 mm and above but not exceeding 1.5 mm

India’s Trade Performance — HSN Code 72230010 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

₹306 Cr

−8.55% vs FY 2023-24

0.0083% of India’s total exports

India’s Imports

FY 2024-25

₹39 Cr

+20.18% vs FY 2023-24

0.0006% of India’s total imports

Trade Balance

FY 2024-25

₹267 Cr

Trade Surplus

Surplus rank #981 of 12657 HSN codes

% of Sub-Chapter 7223

FY 2024-25

8.59%

Share of Sub-Chapter 7223’s total exports in FY 2024-25

Import side: 11.50% of Sub-Chapter 7223’s imports

Rank Within Sub-Chapter 7223

FY 2024-25

#4 of 4

Position by export value among HSN codes in Sub-Chapter 7223

Import-side rank: #4 of 4

At a glance

8.08%

Export CAGR

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

#1421

National Export Rank

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

+68.61%

Peak Growth Year

FY 2021-22 · strongest single-year move

8.59%

Contribution to Sub-Ch. 7223

Share of Sub-Chapter 7223 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1349

Balance

+181.16

Exports

192.02 ₹ Cr

0.0084% share

— YoY

8.90% of Sub-Ch. 7223

Imports

10.86 ₹ Cr

0.0003% share

— YoY

4.50% of Sub-Ch. 7223

FY 2019-20 Exp. Rank #1505

Balance

+133.85

Exports

162.93 ₹ Cr

0.0074% share

−15.15% YoY

8.12% of Sub-Ch. 7223

Imports

29.08 ₹ Cr

0.0009% share

+167.77% YoY

11.92% of Sub-Ch. 7223

FY 2020-21 Exp. Rank #1576

Balance

+128.18

Exports

163.13 ₹ Cr

0.0076% share

+0.12% YoY

7.48% of Sub-Ch. 7223

Imports

34.95 ₹ Cr

0.0012% share

+20.19% YoY

17.13% of Sub-Ch. 7223

FY 2021-22 Exp. Rank #1348

Balance

+243.41

Exports

275.06 ₹ Cr

0.0088% share

+68.61% YoY

7.07% of Sub-Ch. 7223

Imports

31.65 ₹ Cr

0.0007% share

−9.44% YoY

11.93% of Sub-Ch. 7223

FY 2022-23 Exp. Rank #1319

Balance

+268.31

Exports

303.80 ₹ Cr

0.0084% share

+10.45% YoY

8.14% of Sub-Ch. 7223

Imports

35.49 ₹ Cr

0.0006% share

+12.13% YoY

12.04% of Sub-Ch. 7223

FY 2023-24 Exp. Rank #1291

Balance

+302.25

Exports

334.70 ₹ Cr

0.0093% share

+10.17% YoY

10.48% of Sub-Ch. 7223

Imports

32.45 ₹ Cr

0.0006% share

−8.57% YoY

11.26% of Sub-Ch. 7223

FY 2024-25 Exp. Rank #1421

Balance

+267.09

Exports

306.09 ₹ Cr

0.0083% share

−8.55% YoY

8.59% of Sub-Ch. 7223

Imports

39.00 ₹ Cr

0.0006% share

+20.18% YoY

11.50% of Sub-Ch. 7223

CAGR · 7-Year

Exports

8.08% /yr

Imports

23.75% /yr

Consistently Surplus
Sub-Chapter 7223 total

reference, FY 2024-25

Export

₹3,561.44 Cr

Import

₹339.02 Cr

Trade Balance

+3,222.42

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72230010 and GST compliance.

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.

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.