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HSN Code 72230099: Wire of stainless steel: < 0.46 mm
HSN Code 72230099 represents Wire of stainless steel: < 0.46 mm under GST classification. This code helps businesses identify Wire of stainless steel: < 0.46 mm correctly for billing, taxation, and trade. With HSN Code 72230099, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wire of stainless steel: < 0.46 mm.
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Description of Goods for HSN Code 72230099
HSN Code 72230099 relates to the following description.
What does HSN Code 72230099 not include?
Wire of stainless steel: < 0.46 mm does not include products with the following descriptions.
Wire of stainless steel : Electrode quality
Wire of stainless steel : Other : Of thickness of above 1.5 mm
Wire of stainless steel : Other : Of thickness of 0.46 mm and above but not exceeding 1.5 mm
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India’s Trade Performance — HSN Code 72230099 in FY 2025-26
India’s Exports
FY 2025-26₹364 Cr
0.0093% of India’s total exports
India’s Imports
FY 2025-26₹81 Cr
0.0012% of India’s total imports
Trade Balance
FY 2025-26₹283 Cr
Surplus rank #989 of 12872 HSN codes
% of Sub-Chapter 7223
FY 2025-2610.26%
Share of Sub-Chapter 7223’s total exports in FY 2025-26
Import side: 23.75% of Sub-Chapter 7223’s imports
Rank Within Sub-Chapter 7223
FY 2025-26#3 of 4
Position by export value among HSN codes in Sub-Chapter 7223
Import-side rank: #2 of 4
At a glance
5.14%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#1379
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+79.92%
Peak Growth Year
FY 2021-22 · strongest single-year move
10.26%
Contribution to Sub-Ch. 7223
Share of Sub-Chapter 7223 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72230099
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+203.08
Exports
256.38 ₹ Cr
0.0112% share
— YoY
11.89% of Sub-Ch. 7223
Imports
53.30 ₹ Cr
0.0015% share
— YoY
22.07% of Sub-Ch. 7223
Balance
+201.27
Exports
247.55 ₹ Cr
0.0112% share
−3.44% YoY
12.33% of Sub-Ch. 7223
Imports
46.28 ₹ Cr
0.0014% share
−13.17% YoY
18.97% of Sub-Ch. 7223
Balance
+197.17
Exports
248.45 ₹ Cr
0.0116% share
+0.36% YoY
11.40% of Sub-Ch. 7223
Imports
51.28 ₹ Cr
0.0018% share
+10.80% YoY
25.13% of Sub-Ch. 7223
Balance
+400.44
Exports
447.00 ₹ Cr
0.0142% share
+79.92% YoY
11.48% of Sub-Ch. 7223
Imports
46.56 ₹ Cr
0.0010% share
−9.20% YoY
17.55% of Sub-Ch. 7223
Balance
+375.23
Exports
424.53 ₹ Cr
0.0117% share
−5.03% YoY
11.37% of Sub-Ch. 7223
Imports
49.30 ₹ Cr
0.0009% share
+5.88% YoY
16.72% of Sub-Ch. 7223
Balance
+333.70
Exports
384.04 ₹ Cr
0.0106% share
−9.54% YoY
12.02% of Sub-Ch. 7223
Imports
50.34 ₹ Cr
0.0009% share
+2.11% YoY
17.47% of Sub-Ch. 7223
Balance
+317.43
Exports
371.05 ₹ Cr
0.0101% share
−3.38% YoY
10.42% of Sub-Ch. 7223
Imports
53.62 ₹ Cr
0.0009% share
+6.52% YoY
15.82% of Sub-Ch. 7223
Balance
+282.80
Exports
364.22 ₹ Cr
0.0093% share
−1.84% YoY
10.26% of Sub-Ch. 7223
Imports
81.42 ₹ Cr
0.0012% share
+51.85% YoY
23.75% of Sub-Ch. 7223
CAGR · 8-Year
Exports
5.14% /yr
Imports
6.24% /yr
reference, FY 2025-26
Export
₹3,548.89 Cr
Import
₹342.78 Cr
Trade Balance
+3,206.11
Key Trade Insights: HSN Code 72230099 Export-Import Analysis
Consistent Export Growth: 5.14% CAGR Over 8 Years
India's exports under HSN Code 72230099 have grown at a compound annual rate of 5.14% over 8 fiscal years, rising from ₹256.38 Crore in FY 2018-19 to ₹364.22 Crore in FY 2025-26.
HSN Code 72230099 Ranked #1379 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72230099 ranks #1379 out of 12872 HSN codes by total export value. Within Sub-Chapter 7223, it ranks #3 of 4. By trade surplus, it ranks #989 of 12872.
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 ₹282.80 Crore in HSN Code 72230099 Goods
In FY 2025-26, India's exports of ₹364.22 Cr exceeded imports of ₹81.42 Cr, resulting in a trade surplus of ₹282.80 Crore — ranking #989 of 12872 by surplus magnitude.
Import Growth of 6.24% CAGR Signals Stable Import Dependency for Wire of stainless steel: < 0.46 mm
India's imports under HSN Code 72230099 have grown at 6.24% CAGR, reaching ₹81.42 Crore in FY 2025-26.
HSN Code 72230099 Contributes 10.26% 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 10.26% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 23.75% share (rank #2).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72230099 and GST compliance.
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.