HSN Code 72299023: ACSR Quality Wire (Non-Insulated)
HSN Code 72299023 represents ACSR Quality Wire (Non-Insulated) under GST classification. This code helps businesses identify ACSR Quality Wire (Non-Insulated) correctly for billing, taxation, and trade. With HSN Code 72299023, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of ACSR Quality Wire (Non-Insulated).
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Description of Goods for HSN Code 72299023
HSN Code 72299023 relates to the following description.
What does HSN Code 72299023 not include?
ACSR Quality Wire (Non-Insulated) does not include products with the following descriptions.
Wire of other alloy steel of high speed steel
Of silico-manganese steel
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Tinned wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Bronze coated wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Trapezoidal wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Half round wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Crimped wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Copper coated wire
Other : Electrode quality, wire rope quality and ACSR quality not insulated : Electrode quality
Other : Electrode quality, wire rope quality and ACSR quality not insulated : Wire rope quality
Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Wire (excluding wire type lead)
Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Spring wire
Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : High tensile wire
Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Hardened and tempered wire
Other : Other wire
Other : Shaped and profiled wires of cross-section : Half round
Other : Shaped and profiled wires of cross-section : Flat and rectangular
Other : Shaped and profiled wires of cross-section : ‘L’ shape
Other : Shaped and profiled wires of cross-section : ‘Z’ shape
Other : Shaped and profiled wires of cross-section : Other
Other : Electric resistance wire (including electric resistance heating wire)
Other : Crimped wire
Other : Other
Wire of other alloy steel of high speed steel
Of silico-manganese steel
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Tinned wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Bronze coated wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Trapezoidal wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Half round wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Crimped wire
Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Copper coated wire
Other : Electrode quality, wire rope quality and ACSR quality not insulated : Electrode quality
Other : Electrode quality, wire rope quality and ACSR quality not insulated : Wire rope quality
Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Wire (excluding wire type lead)
Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Spring wire
Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : High tensile wire
Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Hardened and tempered wire
Other : Other wire
Other : Shaped and profiled wires of cross-section : Half round
Other : Shaped and profiled wires of cross-section : Flat and rectangular
Other : Shaped and profiled wires of cross-section : ‘L’ shape
Other : Shaped and profiled wires of cross-section : ‘Z’ shape
Other : Shaped and profiled wires of cross-section : Other
Other : Electric resistance wire (including electric resistance heating wire)
Other : Crimped wire
Other : Other
India’s Trade Performance — HSN Code 72299023 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #5468 of 12657 HSN codes
% of Sub-Chapter 7229
FY 2024-250.02%
Share of Sub-Chapter 7229’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 7229’s imports
Rank Within Sub-Chapter 7229
FY 2024-25#12 of 24
Position by export value among HSN codes in Sub-Chapter 7229
At a glance
#10193
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+200.00%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.02%
Contribution to Sub-Ch. 7229
Share of Sub-Chapter 7229 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7229
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7229
Balance
+0.02
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.02% of Sub-Ch. 7229
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7229
Balance
+0.01
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−50.00% YoY
0.01% of Sub-Ch. 7229
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7229
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7229
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7229
Balance
+0.01
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.01% of Sub-Ch. 7229
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7229
Balance
+0.03
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+200.00% YoY
0.02% of Sub-Ch. 7229
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7229
Balance
+0.03
Exports
< ₹1 Crore ₹ Cr
0.0000% share
0.00% YoY
0.02% of Sub-Ch. 7229
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7229
reference, FY 2024-25
Export
₹132.08 Cr
Import
₹766.70 Cr
Trade Balance
−634.62
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.
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72299023 and GST compliance.
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.