--- title: "HSN Code for Wire of other alloy steel of high speed steel | HSN 72283021 GST Rate" description: "Find HSN and GST Rates for 72283021 related to Wire of other alloy steel of high speed steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72283021/" --- # HSN Code 72283021: Wire of other alloy steel of high speed steel - [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 7228: Alloy Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7228/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Lead bearing steel | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72283021 ? It includes Copper-Nickel-Zinc Base Alloys (Unwrought) ### Can we claim ITC on inputs used to trade Wire of other alloy steel of high speed steel? 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 Wire of other alloy steel of high speed steel? 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 should mixed supplies be billed when Wire of other alloy steel of high speed steel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wire of other alloy steel of high speed steel; Nil for exempt items if applicable). ### How much GST applies to Wire of other alloy steel of high speed steel? Under HSN 72283021, Wire of other alloy steel of high speed steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Wire of other alloy steel of high speed steel? 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 72283021 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports - Imports: ₹2 Cr (−84.35% YoY) — 0.0000% of India's total imports - Trade balance: −₹2 Cr (Deficit); surplus rank #8063 of 12657 HSN codes - Share of Sub-Chapter 7228: 0.00% of its exports; import side 0.05% ### Key metrics - Peak growth year: −16.67% in FY 2023-24 - Contribution to Sub-Ch. 7228: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72283021 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. 7228 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7228 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | −0.08 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | +412.50% | 0.02% | −0.41 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — | | FY 2021-22 | < ₹1 Crore | 0.0000% | — | 0.04% | < ₹1 Crore | 0.0000% | — | 0.02% | +0.14 | #8468 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −89.83% | 0.00% | < ₹1 Crore | 0.0000% | +4.44% | 0.02% | −0.41 | #9835 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −16.67% | 0.00% | 9.65 | 0.0002% | +1,953.19% | 0.30% | −9.60 | #10057 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | 1.51 | 0.0000% | −84.35% | 0.05% | −1.51 | — | - CAGR (7-year): exports —/yr, imports 63.17%/yr (consistently Deficit) ## Key trade insights: HSN Code 72283021 export-import analysis ### Export snapshot for HSN Code 72283021 India exported ₹0.00 Crore worth of Wire of other alloy steel of high speed steel in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2023-24 was the strongest growth year for HSN Code 72283021 exports The strongest single-year export movement for HSN Code 72283021 was recorded in FY 2023-24, when exports declined by 16.67% over the prior year. ### India records a trade deficit of ₹1.51 Crore in HSN Code 72283021 goods In FY 2024-25, India's imports of ₹1.51 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹1.51 Crore — ranking #8063 of 12657 by surplus magnitude. ### Import growth of 63.17% CAGR signals rising demand for Wire of other alloy steel of high speed steel India's imports under HSN Code 72283021 have grown at 63.17% CAGR, reaching ₹1.51 Crore in FY 2024-25. ## Related HSN Codes in Sub-Chapter 7228 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72283029: Other Hot-Rolled/Drawn/Extruded Bars/Rods](https://busy.in/hsn/hsn-72283029/) | ₹371 Cr | | #2 | [HSN Code 72285010: Engine Valve/Cold Heading Steel](https://busy.in/hsn/hsn-72285010/) | ₹132 Cr | | #3 | [HSN Code 72286012: Other bars and rods : Bright bars : Other](https://busy.in/hsn/hsn-72286012/) | ₹122 Cr | | #4 | [HSN Code 72283019: Tin Flat-Rolled Products](https://busy.in/hsn/hsn-72283019/) | ₹118 Cr | | #5 | [HSN Code 72283022: Spring Steel Bars](https://busy.in/hsn/hsn-72283022/) | ₹55 Cr | | #6 | [HSN Code 72282000: Bars and rods, of silico-manganese steel](https://busy.in/hsn/hsn-72282000/) | ₹45 Cr | | #7 | [HSN Code 72285090: Other Cold-Formed/Finished Other Steel Bars/Rods](https://busy.in/hsn/hsn-72285090/) | ₹25 Cr | | #8 | [HSN Code 72284000: Forged bars and rods](https://busy.in/hsn/hsn-72284000/) | ₹24 Cr | | #9 | [HSN Code 72286099: Other Bars And Rods \| Other](https://busy.in/hsn/hsn-72286099/) | ₹24 Cr | | #10 | [HSN Code 72281010: High-Speed Steel Bright Bars](https://busy.in/hsn/hsn-72281010/) | ₹16 Cr | | — | HSN Code 72283021: Wire of other alloy steel of high speed steel (this hsn code) | Nil |