---
title: "HSN Code for Stainless steel wire: 1.5mm+ thickness | HSN 72230091 GST Rate"
description: "Find HSN and GST Rates for 72230091 related to Stainless steel wire: 1.5mm+ thickness with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72230091/"
---

# HSN Code 72230091: Stainless steel wire: 1.5mm+ thickness

- [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 : Other : Of thickness of above 1.5 mm | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72230091 ?

It includes Ingots And Other Primary Forms

### How much GST applies to Stainless steel wire: 1.5mm+ thickness?

Under HSN 72230091, Stainless steel wire: 1.5mm+ thickness attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Stainless steel wire: 1.5mm+ thickness?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Do e‑way bill and e‑invoice apply for Stainless steel wire: 1.5mm+ thickness?

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.

### Any common misclassification issue with Stainless steel wire: 1.5mm+ thickness?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### Does packaging or labelling change the GST for Stainless steel wire: 1.5mm+ thickness?

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.

## India's trade performance: HSN Code 72230091 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹2,220 Cr (+20.80% YoY) — 0.0603% of India's total exports
- Imports: ₹168 Cr (+14.77% YoY) — 0.0028% of India's total imports
- Trade balance: ₹2,052 Cr (Surplus); surplus rank #181 of 12657 HSN codes
- Share of Sub-Chapter 7223: 62.34% of its exports; import side 49.57%
- Rank within Sub-Chapter 7223: #1 of 4 by export value; import-side #1

### Key metrics

- Export CAGR: 9.23% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #237 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +80.22% in FY 2021-22
- Contribution to Sub-Ch. 7223: 62.34% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72230091

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 | 1,307.63 | 0.0572% | — | 60.63% | 131.84 | 0.0037% | — | 54.60% | +1,175.79 | #250 |
| FY 2019-20 | 1,248.18 | 0.0567% | −4.55% | 62.17% | 120.38 | 0.0036% | −8.69% | 49.35% | +1,127.80 | #255 |
| FY 2020-21 | 1,370.19 | 0.0637% | +9.78% | 62.86% | 87.92 | 0.0030% | −26.96% | 43.09% | +1,282.27 | #247 |
| FY 2021-22 | 2,469.29 | 0.0787% | +80.22% | 63.43% | 137.62 | 0.0030% | +56.53% | 51.87% | +2,331.67 | #191 |
| FY 2022-23 | 2,283.88 | 0.0631% | −7.51% | 61.17% | 157.05 | 0.0027% | +14.12% | 53.28% | +2,126.83 | #214 |
| FY 2023-24 | 1,838.06 | 0.0508% | −19.52% | 57.54% | 146.43 | 0.0026% | −6.76% | 50.82% | +1,691.63 | #276 |
| FY 2024-25 | 2,220.33 | 0.0603% | +20.80% | 62.34% | 168.06 | 0.0028% | +14.77% | 49.57% | +2,052.27 | #237 |

- CAGR (7-year): exports 9.23%/yr, imports 4.13%/yr (consistently Surplus)

## Key trade insights: HSN Code 72230091 export-import analysis

### Consistent export growth: 9.23% CAGR over 7 years

India's exports under HSN Code 72230091 have grown at a compound annual rate of 9.23% over 7 fiscal years, rising from ₹1,307.63 Crore in FY 2018-19 to ₹2,220.33 Crore in FY 2024-25.

### HSN Code 72230091 ranked #237 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72230091 ranks #237 out of 12657 HSN codes by total export value. Within Sub-Chapter 7223, it ranks #1 of 4. By trade surplus, it ranks #181 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 72230091 exports

The strongest single-year export movement for HSN Code 72230091 was recorded in FY 2021-22, when exports surged by 80.22% over the prior year.

### India maintains a trade surplus of ₹2,052.27 Crore in HSN Code 72230091 goods

In FY 2024-25, India's exports of ₹2,220.33 Cr exceeded imports of ₹168.06 Cr, resulting in a trade surplus of ₹2,052.27 Crore — ranking #181 of 12657 by surplus magnitude.

### Import growth of 4.13% CAGR signals stable import dependency for Stainless steel wire: 1.5mm+ thickness

India's imports under HSN Code 72230091 have grown at 4.13% CAGR, reaching ₹168.06 Crore in FY 2024-25.

### HSN Code 72230091 contributes 62.34% of Sub-Chapter 7223 exports — ranked #1

Among the 4 HSN codes under Sub-Chapter 7223, HSN Code 72230091 ranks #1 by export value — accounting for 62.34% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 49.57% share (rank #1).

## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-72230010/) | ₹306 Cr |