--- title: "HSN Code for ACSR Quality Wire (Non-Insulated) | HSN 72299023 GST Rate" description: "Find HSN and GST Rates for 72299023 related to ACSR Quality Wire (Non-Insulated) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72299023/" --- # HSN Code 72299023: ACSR Quality Wire (Non-Insulated) - [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 : ACSR quality | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72299023 ? It includes High Tensile Wire ### How much GST applies to ACSR Quality Wire (Non-Insulated)? Under HSN 72299023, ACSR Quality Wire (Non-Insulated) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with ACSR Quality Wire (Non-Insulated)? 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 ACSR Quality Wire (Non-Insulated)? 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 should mixed supplies be billed when ACSR Quality Wire (Non-Insulated) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for ACSR Quality Wire (Non-Insulated); Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade ACSR Quality Wire (Non-Insulated)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 72299023 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (0.00% YoY) — 0.0000% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #5468 of 12657 HSN codes - Share of Sub-Chapter 7229: 0.02% of its exports; import side 0.00% - Rank within Sub-Chapter 7229: #12 of 24 by export value ### Key metrics - National export rank: #10193 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +200.00% in FY 2023-24 - Contribution to Sub-Ch. 7229: 0.02% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72299023 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 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | < ₹1 Crore | 0.0000% | — | 0.02% | Nil | 0.0000% | — | 0.00% | +0.02 | #9717 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −50.00% | 0.01% | Nil | 0.0000% | — | 0.00% | +0.01 | #9985 | | FY 2021-22 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2022-23 | < ₹1 Crore | 0.0000% | — | 0.01% | Nil | 0.0000% | — | 0.00% | +0.01 | #10292 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +200.00% | 0.02% | Nil | 0.0000% | — | 0.00% | +0.03 | #10223 | | FY 2024-25 | < ₹1 Crore | 0.0000% | 0.00% | 0.02% | Nil | 0.0000% | — | 0.00% | +0.03 | #10193 | ## Key trade insights: HSN Code 72299023 export-import analysis ### Export snapshot for HSN Code 72299023 India exported ₹0.03 Crore worth of ACSR Quality Wire (Non-Insulated) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 72299023 ranked #10193 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72299023 ranks #10193 out of 12657 HSN codes by total export value. Within Sub-Chapter 7229, it ranks #12 of 24. By trade surplus, it ranks #5468 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 72299023 exports The strongest single-year export movement for HSN Code 72299023 was recorded in FY 2023-24, when exports surged by 200.00% over the prior year. ### India maintains a trade surplus of ₹0.03 Crore in HSN Code 72299023 goods In FY 2024-25, India's exports of ₹0.03 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.03 Crore — ranking #5468 of 12657 by surplus magnitude. ### HSN Code 72299023 contributes 0.02% of Sub-Chapter 7229 exports — ranked #12 Among the 24 HSN codes under Sub-Chapter 7229, HSN Code 72299023 ranks #12 by export value — accounting for 0.02% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## 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](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 | | #12 | HSN Code 72299023: ACSR Quality Wire (Non-Insulated) (this hsn code) | < ₹1 Crore |