--- title: "HSN Code for Of silico-manganese steel | HSN 72292000 GST Rate" description: "Find HSN and GST Rates for 72292000 related to Of silico-manganese steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72292000/" --- # HSN Code 72292000: Of silico-manganese 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 7229: Alloy Steel Wire](https://busy.in/hsn/sub-chapter-7229/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of silico-manganese steel | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72292000 ? It includes Trapezoidal Wire ### Can we claim ITC on inputs used to trade Of silico-manganese steel? 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 Of silico-manganese steel? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Of silico-manganese 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. ### How much GST applies to Of silico-manganese steel? Under HSN 72292000, Of silico-manganese steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Of silico-manganese steel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of silico-manganese steel; Nil for exempt items if applicable). ## India's trade performance: HSN Code 72292000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (−67.59% YoY) — 0.0000% of India's total exports - Imports: ₹11 Cr (−75.02% YoY) — 0.0002% of India's total imports - Trade balance: −₹9 Cr (Deficit); surplus rank #9017 of 12657 HSN codes - Share of Sub-Chapter 7229: 1.33% of its exports; import side 1.42% - Rank within Sub-Chapter 7229: #7 of 24 by export value; import-side #7 ### Key metrics - Export CAGR: -39.62% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7718 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +109.23% in FY 2021-22 - Contribution to Sub-Ch. 7229: 1.33% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72292000 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. 7229 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7229 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 36.11 | 0.0016% | — | 32.24% | 6.40 | 0.0002% | — | 0.77% | +29.71 | #3332 | | FY 2019-20 | 24.57 | 0.0011% | −31.96% | 29.45% | 9.20 | 0.0003% | +43.75% | 1.85% | +15.37 | #3845 | | FY 2020-21 | 14.95 | 0.0007% | −39.15% | 18.71% | 14.13 | 0.0005% | +53.59% | 3.05% | +0.82 | #4581 | | FY 2021-22 | 31.28 | 0.0010% | +109.23% | 15.31% | 12.76 | 0.0003% | −9.70% | 1.68% | +18.52 | #3998 | | FY 2022-23 | 8.67 | 0.0002% | −72.28% | 6.03% | 38.85 | 0.0007% | +204.47% | 5.40% | −30.18 | #5814 | | FY 2023-24 | 5.40 | 0.0001% | −37.72% | 4.29% | 43.68 | 0.0008% | +12.43% | 5.56% | −38.28 | #6494 | | FY 2024-25 | 1.75 | 0.0000% | −67.59% | 1.33% | 10.91 | 0.0002% | −75.02% | 1.42% | −9.16 | #7718 | - CAGR (7-year): exports -39.62%/yr, imports 9.30%/yr (consistently Deficit) ## Key trade insights: HSN Code 72292000 export-import analysis ### Export decline: -39.62% CAGR over 7 years India's exports under HSN Code 72292000 have declined at a compound annual rate of -39.62% over 7 fiscal years, falling from ₹36.11 Crore in FY 2018-19 to ₹1.75 Crore in FY 2024-25. ### HSN Code 72292000 ranked #7718 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72292000 ranks #7718 out of 12657 HSN codes by total export value. Within Sub-Chapter 7229, it ranks #7 of 24. By trade surplus, it ranks #9017 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72292000 exports The strongest single-year export movement for HSN Code 72292000 was recorded in FY 2021-22, when exports surged by 109.23% over the prior year. ### India records a trade deficit of ₹9.16 Crore in HSN Code 72292000 goods In FY 2024-25, India's imports of ₹10.91 Cr exceeded exports of ₹1.75 Cr, resulting in a trade deficit of ₹9.16 Crore — ranking #9017 of 12657 by surplus magnitude. ### Import growth of 9.30% CAGR signals stable import dependency for Of silico-manganese steel India's imports under HSN Code 72292000 have grown at 9.30% CAGR, reaching ₹10.91 Crore in FY 2024-25. ### HSN Code 72292000 contributes 1.33% of Sub-Chapter 7229 exports — ranked #7 Among the 24 HSN codes under Sub-Chapter 7229, HSN Code 72292000 ranks #7 by export value — accounting for 1.33% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.42% share (rank #7). ## Related HSN Codes in Sub-Chapter 7229 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72299016: Copper Coated Wire](https://busy.in/hsn/hsn-72299016/) | ₹47 Cr | | #2 | [HSN Code 72299090: Other : Other](https://busy.in/hsn/hsn-72299090/) | ₹37 Cr | | #3 | [HSN Code 72299032: Spring Wire](https://busy.in/hsn/hsn-72299032/) | ₹24 Cr | | #4 | [HSN Code 72299011: Tinned Wire](https://busy.in/hsn/hsn-72299011/) | ₹16 Cr | | #5 | [HSN Code 72299040: Other : Other wire](https://busy.in/hsn/hsn-72299040/) | ₹3 Cr | | #6 | [HSN Code 72299021: Electrode Quality Wire (Non-Insulated)](https://busy.in/hsn/hsn-72299021/) | ₹2 Cr | | #7 | HSN Code 72292000: Of silico-manganese steel (this hsn code) | ₹2 Cr | | #8 | [HSN Code 72299022: Wire Rope Quality Steel Wire](https://busy.in/hsn/hsn-72299022/) | < ₹1 Crore | | #9 | [HSN Code 72299060: Electric Resistance Wire, Including Heating Wire](https://busy.in/hsn/hsn-72299060/) | < ₹1 Crore | | #10 | [HSN Code 72299059: Shaped and profiled wires](https://busy.in/hsn/hsn-72299059/) | < ₹1 Crore |