--- title: "HSN Code for Wire of stainless steel: < 0.46 mm | HSN 72230099 GST Rate" description: "Find HSN and GST Rates for 72230099 related to Wire of stainless steel: < 0.46 mm with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72230099/" --- # HSN Code 72230099: Wire of stainless steel: < 0.46 mm - [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 below 0.46 mm | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72230099 ? It includes Other | Of Die Steel Quality ### Can we claim ITC on inputs used to trade Wire of stainless steel: < 0.46 mm? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Wire of stainless steel: < 0.46 mm? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Wire of stainless steel: < 0.46 mm? Under HSN 72230099, Wire of stainless steel: < 0.46 mm 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: < 0.46 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. ### Do e‑way bill and e‑invoice apply for Wire of stainless steel: < 0.46 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. ## India's trade performance: HSN Code 72230099 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹371 Cr (−3.38% YoY) — 0.0101% of India's total exports - Imports: ₹54 Cr (+6.52% YoY) — 0.0009% of India's total imports - Trade balance: ₹317 Cr (Surplus); surplus rank #877 of 12657 HSN codes - Share of Sub-Chapter 7223: 10.42% of its exports; import side 15.82% - Rank within Sub-Chapter 7223: #3 of 4 by export value; import-side #3 ### Key metrics - Export CAGR: 6.36% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1249 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +79.92% in FY 2021-22 - Contribution to Sub-Ch. 7223: 10.42% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72230099 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 | 256.38 | 0.0112% | — | 11.89% | 53.30 | 0.0015% | — | 22.07% | +203.08 | #1107 | | FY 2019-20 | 247.55 | 0.0112% | −3.44% | 12.33% | 46.28 | 0.0014% | −13.17% | 18.97% | +201.27 | #1145 | | FY 2020-21 | 248.45 | 0.0116% | +0.36% | 11.40% | 51.28 | 0.0018% | +10.80% | 25.13% | +197.17 | #1178 | | FY 2021-22 | 447.00 | 0.0142% | +79.92% | 11.48% | 46.56 | 0.0010% | −9.20% | 17.55% | +400.44 | #944 | | FY 2022-23 | 424.53 | 0.0117% | −5.03% | 11.37% | 49.30 | 0.0009% | +5.88% | 16.72% | +375.23 | #1051 | | FY 2023-24 | 384.04 | 0.0106% | −9.54% | 12.02% | 50.34 | 0.0009% | +2.11% | 17.47% | +333.70 | #1186 | | FY 2024-25 | 371.05 | 0.0101% | −3.38% | 10.42% | 53.62 | 0.0009% | +6.52% | 15.82% | +317.43 | #1249 | - CAGR (7-year): exports 6.36%/yr, imports 0.10%/yr (consistently Surplus) ## Key trade insights: HSN Code 72230099 export-import analysis ### Consistent export growth: 6.36% CAGR over 7 years India's exports under HSN Code 72230099 have grown at a compound annual rate of 6.36% over 7 fiscal years, rising from ₹256.38 Crore in FY 2018-19 to ₹371.05 Crore in FY 2024-25. ### HSN Code 72230099 ranked #1249 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72230099 ranks #1249 out of 12657 HSN codes by total export value. Within Sub-Chapter 7223, it ranks #3 of 4. By trade surplus, it ranks #877 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72230099 exports The strongest single-year export movement for HSN Code 72230099 was recorded in FY 2021-22, when exports surged by 79.92% over the prior year. ### India maintains a trade surplus of ₹317.43 Crore in HSN Code 72230099 goods In FY 2024-25, India's exports of ₹371.05 Cr exceeded imports of ₹53.62 Cr, resulting in a trade surplus of ₹317.43 Crore — ranking #877 of 12657 by surplus magnitude. ### Import growth of 0.10% CAGR signals stable import dependency for Wire of stainless steel: < 0.46 mm India's imports under HSN Code 72230099 have grown at 0.10% CAGR, reaching ₹53.62 Crore in FY 2024-25. ### HSN Code 72230099 contributes 10.42% of Sub-Chapter 7223 exports — ranked #3 Among the 4 HSN codes under Sub-Chapter 7223, HSN Code 72230099 ranks #3 by export value — accounting for 10.42% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 15.82% share (rank #3). ## 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 (this hsn code) | ₹371 Cr | | #4 | [HSN Code 72230010: Wire of stainless steel : Electrode quality](https://busy.in/hsn/hsn-72230010/) | ₹306 Cr |