--- title: "HSN Code for Wire (Excluding Lead Wire) | HSN 72299031 GST Rate" description: "Find HSN and GST Rates for 72299031 related to Wire (Excluding Lead Wire) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72299031/" --- # HSN Code 72299031: Wire (Excluding Lead 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 : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Wire (excluding wire type lead) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72299031 ? It includes Hardened and Tempered Wire ### Can we claim ITC on inputs used to trade Wire (Excluding Lead Wire)? 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 (Excluding Lead 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. ### How should mixed supplies be billed when Wire (Excluding Lead Wire) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wire (Excluding Lead Wire); Nil for exempt items if applicable). ### How much GST applies to Wire (Excluding Lead Wire)? Under HSN 72299031, Wire (Excluding Lead Wire) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Wire (Excluding Lead Wire)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 72299031 (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: < ₹1 Crore (0.00% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7424 of 12657 HSN codes - Share of Sub-Chapter 7229: 0.00% of its exports; import side 0.02% ### Key metrics - Peak growth year: −75.00% in FY 2021-22 - Contribution to Sub-Ch. 7229: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72299031 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% | < ₹1 Crore | 0.0000% | — | 0.03% | −0.28 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | −60.71% | 0.02% | −0.11 | — | | FY 2020-21 | < ₹1 Crore | 0.0000% | — | 0.15% | < ₹1 Crore | 0.0000% | −63.64% | 0.01% | +0.08 | #9138 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −75.00% | 0.01% | < ₹1 Crore | 0.0000% | +225.00% | 0.02% | −0.10 | #9964 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | −15.38% | 0.02% | −0.11 | — | | FY 2023-24 | < ₹1 Crore | 0.0000% | — | 0.12% | < ₹1 Crore | 0.0000% | +36.36% | 0.02% | 0.00 | #9590 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | 0.00% | 0.02% | −0.15 | — | - CAGR (7-year): exports —/yr, imports -9.88%/yr (consistently Deficit) ## Key trade insights: HSN Code 72299031 export-import analysis ### Export snapshot for HSN Code 72299031 India exported ₹0.00 Crore worth of Wire (Excluding Lead Wire) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2021-22 was the strongest growth year for HSN Code 72299031 exports The strongest single-year export movement for HSN Code 72299031 was recorded in FY 2021-22, when exports declined by 75.00% over the prior year. ### India records a trade deficit of ₹0.15 Crore in HSN Code 72299031 goods In FY 2024-25, India's imports of ₹0.15 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.15 Crore — ranking #7424 of 12657 by surplus magnitude. ### Import growth of -9.88% CAGR signals stable import dependency for Wire (Excluding Lead Wire) India's imports under HSN Code 72299031 have grown at -9.88% CAGR, reaching ₹0.15 Crore in FY 2024-25. ## 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 | | — | HSN Code 72299031: Wire (Excluding Lead Wire) (this hsn code) | Nil |