HSN Code 72230092: Stainless Steel Wire (0.46-1.5 mm)

HSN Code 72230092 represents Stainless Steel Wire (0.46-1.5 mm) under GST classification. This code helps businesses identify Stainless Steel Wire (0.46-1.5 mm) correctly for billing, taxation, and trade. With HSN Code 72230092, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Stainless Steel Wire (0.46-1.5 mm).

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 72230092

HSN Code 72230092 relates to the following description.

Description of Goods

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

Chapter

72 - Iron and steel

Sub Chapter

7223 - Wire of stainless steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 72230092 not include?

Stainless Steel Wire (0.46-1.5 mm) does not include products with the following descriptions.

India’s Trade Performance — HSN Code 72230092 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

₹664 Cr

+4.14% vs FY 2023-24

0.0180% of India’s total exports

India’s Imports

FY 2024-25

₹78 Cr

+33.02% vs FY 2023-24

0.0013% of India’s total imports

Trade Balance

FY 2024-25

₹586 Cr

Trade Surplus

Surplus rank #548 of 12657 HSN codes

% of Sub-Chapter 7223

FY 2024-25

18.64%

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

Import side: 23.11% of Sub-Chapter 7223’s imports

Rank Within Sub-Chapter 7223

FY 2024-25

#2 of 4

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

Import-side rank: #2 of 4

At a glance

8.79%

Export CAGR

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

#774

National Export Rank

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

+76.22%

Peak Growth Year

FY 2021-22 · strongest single-year move

18.64%

Contribution to Sub-Ch. 7223

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

India Export-Import Trade Statistics for HSN Code 72230092

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 #788

Balance

+355.10

Exports

400.57 ₹ Cr

0.0175% share

— YoY

18.57% of Sub-Ch. 7223

Imports

45.47 ₹ Cr

0.0013% share

— YoY

18.83% of Sub-Ch. 7223

FY 2019-20 Exp. Rank #881

Balance

+300.96

Exports

349.12 ₹ Cr

0.0159% share

−12.84% YoY

17.39% of Sub-Ch. 7223

Imports

48.16 ₹ Cr

0.0014% share

+5.92% YoY

19.75% of Sub-Ch. 7223

FY 2020-21 Exp. Rank #820

Balance

+368.21

Exports

398.12 ₹ Cr

0.0185% share

+14.04% YoY

18.26% of Sub-Ch. 7223

Imports

29.91 ₹ Cr

0.0010% share

−37.89% YoY

14.66% of Sub-Ch. 7223

FY 2021-22 Exp. Rank #631

Balance

+652.05

Exports

701.55 ₹ Cr

0.0224% share

+76.22% YoY

18.02% of Sub-Ch. 7223

Imports

49.50 ₹ Cr

0.0011% share

+65.50% YoY

18.66% of Sub-Ch. 7223

FY 2022-23 Exp. Rank #673

Balance

+668.73

Exports

721.67 ₹ Cr

0.0199% share

+2.87% YoY

19.33% of Sub-Ch. 7223

Imports

52.94 ₹ Cr

0.0009% share

+6.95% YoY

17.96% of Sub-Ch. 7223

FY 2023-24 Exp. Rank #774

Balance

+578.66

Exports

637.56 ₹ Cr

0.0176% share

−11.65% YoY

19.96% of Sub-Ch. 7223

Imports

58.90 ₹ Cr

0.0010% share

+11.26% YoY

20.44% of Sub-Ch. 7223

FY 2024-25 Exp. Rank #774

Balance

+585.62

Exports

663.97 ₹ Cr

0.0180% share

+4.14% YoY

18.64% of Sub-Ch. 7223

Imports

78.35 ₹ Cr

0.0013% share

+33.02% YoY

23.11% of Sub-Ch. 7223

CAGR · 7-Year

Exports

8.79% /yr

Imports

9.49% /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 72230092 Export-Import Analysis

Consistent Export Growth: 8.79% CAGR Over 7 Years

India's exports under HSN Code 72230092 have grown at a compound annual rate of 8.79% over 7 fiscal years, rising from ₹400.57 Crore in FY 2018-19 to ₹663.97 Crore in FY 2024-25.

HSN Code 72230092 Ranked #774 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72230092 ranks #774 out of 12657 HSN codes by total export value. Within Sub-Chapter 7223, it ranks #2 of 4. By trade surplus, it ranks #548 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 72230092 Exports

The strongest single-year export movement for HSN Code 72230092 was recorded in FY 2021-22, when exports surged by 76.22% over the prior year.

India Maintains a Trade Surplus of ₹585.62 Crore in HSN Code 72230092 Goods

In FY 2024-25, India's exports of ₹663.97 Cr exceeded imports of ₹78.35 Cr, resulting in a trade surplus of ₹585.62 Crore — ranking #548 of 12657 by surplus magnitude.

Import Growth of 9.49% CAGR Signals Stable Import Dependency for Stainless Steel Wire (0.46-1.5 mm)

India's imports under HSN Code 72230092 have grown at 9.49% CAGR, reaching ₹78.35 Crore in FY 2024-25.

HSN Code 72230092 Contributes 18.64% of Sub-Chapter 7223 Exports — Ranked #2

Among the 4 HSN codes under Sub-Chapter 7223, HSN Code 72230092 ranks #2 by export value — accounting for 18.64% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 23.11% share (rank #2).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 72230092 and GST compliance.

What products are classified under HSN 72230092 ?

It includes Other | Of Tool Steel Quality

Do e‑way bill and e‑invoice apply for Stainless Steel Wire (0.46-1.5 mm)?

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.

How should mixed supplies be billed when Stainless Steel Wire (0.46-1.5 mm) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Stainless Steel Wire (0.46-1.5 mm); Nil for exempt items if applicable).

Any common misclassification issue with Stainless Steel Wire (0.46-1.5 mm)?

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

Can we claim ITC on inputs used to trade Stainless Steel Wire (0.46-1.5 mm)?

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

Does packaging or labelling change the GST for Stainless Steel Wire (0.46-1.5 mm)?

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.

How much GST applies to Stainless Steel Wire (0.46-1.5 mm)?

Under HSN 72230092, Stainless Steel Wire (0.46-1.5 mm) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.