--- title: "HSN Code for Wire Rope Quality Steel Wire | HSN 72299022 GST Rate" description: "Find HSN and GST Rates for 72299022 related to Wire Rope Quality Steel Wire with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72299022/" --- # HSN Code 72299022: Wire Rope Quality Steel Wire - [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 | | --- | --- | --- | --- | --- | | Other : Electrode quality, wire rope quality and ACSR quality not insulated : Wire rope quality | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72299022 ? It includes Spring Wire ### Any common misclassification issue with Wire Rope Quality Steel Wire? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Wire Rope Quality Steel Wire? 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 Rope Quality Steel Wire? 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. ### Can we claim ITC on inputs used to trade Wire Rope Quality Steel Wire? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Wire Rope Quality Steel Wire? Under HSN 72299022, Wire Rope Quality Steel Wire attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 72299022 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+50.00% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7512 of 12657 HSN codes - Share of Sub-Chapter 7229: 0.07% of its exports; import side 0.04% - Rank within Sub-Chapter 7229: #8 of 24 by export value; import-side #12 ### Key metrics - Export CAGR: -10.91% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9797 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,500.00% in FY 2021-22 - Contribution to Sub-Ch. 7229: 0.07% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72299022 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 | < ₹1 Crore | 0.0000% | — | 0.16% | Nil | 0.0000% | — | 0.00% | +0.18 | #8880 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −88.89% | 0.02% | < ₹1 Crore | 0.0000% | — | 0.17% | −0.82 | #9717 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −50.00% | 0.01% | < ₹1 Crore | 0.0000% | −64.29% | 0.06% | −0.29 | #9985 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +2,500.00% | 0.13% | Nil | 0.0000% | −100.00% | 0.00% | +0.26 | #9031 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2023-24 | < ₹1 Crore | 0.0000% | — | 0.05% | Nil | 0.0000% | — | 0.00% | +0.06 | #9987 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +50.00% | 0.07% | < ₹1 Crore | 0.0000% | — | 0.04% | −0.24 | #9797 | - CAGR (7-year): exports -10.91%/yr, imports —/yr (consistently Deficit) ## Key trade insights: HSN Code 72299022 export-import analysis ### Export decline: -10.91% CAGR over 7 years India's exports under HSN Code 72299022 have declined at a compound annual rate of -10.91% over 7 fiscal years, falling from ₹0.18 Crore in FY 2018-19 to ₹0.09 Crore in FY 2024-25. ### HSN Code 72299022 ranked #9797 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72299022 ranks #9797 out of 12657 HSN codes by total export value. Within Sub-Chapter 7229, it ranks #8 of 24. By trade surplus, it ranks #7512 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72299022 exports The strongest single-year export movement for HSN Code 72299022 was recorded in FY 2021-22, when exports surged by 2,500.00% over the prior year. ### India records a trade deficit of ₹0.24 Crore in HSN Code 72299022 goods In FY 2024-25, India's imports of ₹0.33 Cr exceeded exports of ₹0.09 Cr, resulting in a trade deficit of ₹0.24 Crore — ranking #7512 of 12657 by surplus magnitude. ### HSN Code 72299022 contributes 0.07% of Sub-Chapter 7229 exports — ranked #8 Among the 24 HSN codes under Sub-Chapter 7229, HSN Code 72299022 ranks #8 by export value — accounting for 0.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.04% share (rank #12). ## 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](https://busy.in/hsn/hsn-72292000/) | ₹2 Cr | | #8 | HSN Code 72299022: Wire Rope Quality Steel Wire (this hsn code) | < ₹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 |