HSN Code 72230091: Stainless steel wire: 1.5mm+ thickness
HSN Code 72230091 represents Stainless steel wire: 1.5mm+ thickness under GST classification. This code helps businesses identify Stainless steel wire: 1.5mm+ thickness correctly for billing, taxation, and trade. With HSN Code 72230091, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Stainless steel wire: 1.5mm+ thickness.
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Description of Goods for HSN Code 72230091
HSN Code 72230091 relates to the following description.
What does HSN Code 72230091 not include?
Stainless steel wire: 1.5mm+ thickness does not include products with the following descriptions.
Wire of stainless steel : Electrode quality
Wire of stainless steel : Other : Of thickness of 0.46 mm and above but not exceeding 1.5 mm
Wire of stainless steel : Other : Of thickness of below 0.46 mm
India’s Trade Performance — HSN Code 72230091 in FY 2024-25
India’s Exports
FY 2024-25₹2,220 Cr
0.0603% of India’s total exports
India’s Imports
FY 2024-25₹168 Cr
0.0028% of India’s total imports
Trade Balance
FY 2024-25₹2,052 Cr
Surplus rank #181 of 12657 HSN codes
% of Sub-Chapter 7223
FY 2024-2562.34%
Share of Sub-Chapter 7223’s total exports in FY 2024-25
Import side: 49.57% of Sub-Chapter 7223’s imports
Rank Within Sub-Chapter 7223
FY 2024-25#1 of 4
Position by export value among HSN codes in Sub-Chapter 7223
Import-side rank: #1 of 4
At a glance
9.23%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#237
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+80.22%
Peak Growth Year
FY 2021-22 · strongest single-year move
62.34%
Contribution to Sub-Ch. 7223
Share of Sub-Chapter 7223 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+1,175.79
Exports
1,307.63 ₹ Cr
0.0572% share
— YoY
60.63% of Sub-Ch. 7223
Imports
131.84 ₹ Cr
0.0037% share
— YoY
54.60% of Sub-Ch. 7223
Balance
+1,127.80
Exports
1,248.18 ₹ Cr
0.0567% share
−4.55% YoY
62.17% of Sub-Ch. 7223
Imports
120.38 ₹ Cr
0.0036% share
−8.69% YoY
49.35% of Sub-Ch. 7223
Balance
+1,282.27
Exports
1,370.19 ₹ Cr
0.0637% share
+9.78% YoY
62.86% of Sub-Ch. 7223
Imports
87.92 ₹ Cr
0.0030% share
−26.96% YoY
43.09% of Sub-Ch. 7223
Balance
+2,331.67
Exports
2,469.29 ₹ Cr
0.0787% share
+80.22% YoY
63.43% of Sub-Ch. 7223
Imports
137.62 ₹ Cr
0.0030% share
+56.53% YoY
51.87% of Sub-Ch. 7223
Balance
+2,126.83
Exports
2,283.88 ₹ Cr
0.0631% share
−7.51% YoY
61.17% of Sub-Ch. 7223
Imports
157.05 ₹ Cr
0.0027% share
+14.12% YoY
53.28% of Sub-Ch. 7223
Balance
+1,691.63
Exports
1,838.06 ₹ Cr
0.0508% share
−19.52% YoY
57.54% of Sub-Ch. 7223
Imports
146.43 ₹ Cr
0.0026% share
−6.76% YoY
50.82% of Sub-Ch. 7223
Balance
+2,052.27
Exports
2,220.33 ₹ Cr
0.0603% share
+20.80% YoY
62.34% of Sub-Ch. 7223
Imports
168.06 ₹ Cr
0.0028% share
+14.77% YoY
49.57% of Sub-Ch. 7223
CAGR · 7-Year
Exports
9.23% /yr
Imports
4.13% /yr
reference, FY 2024-25
Export
₹3,561.44 Cr
Import
₹339.02 Cr
Trade Balance
+3,222.42
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72230091 and GST compliance.
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.