HSN Code 72299032: Spring Wire
HSN Code 72299032 represents Spring Wire under GST classification. This code helps businesses identify Spring Wire correctly for billing, taxation, and trade. With HSN Code 72299032, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Spring Wire.
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Description of Goods for HSN Code 72299032
HSN Code 72299032 relates to the following description.
What does HSN Code 72299032 not include?
Spring Wire 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 : Electrode quality, wire rope quality and ACSR quality not insulated : ACSR 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 : 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 : Electrode quality, wire rope quality and ACSR quality not insulated : ACSR 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 : 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 72299032 in FY 2024-25
India’s Exports
FY 2024-25₹24 Cr
0.0007% of India’s total exports
India’s Imports
FY 2024-25₹55 Cr
0.0009% of India’s total imports
Trade Balance
FY 2024-25−₹31 Cr
Surplus rank #9875 of 12657 HSN codes
% of Sub-Chapter 7229
FY 2024-2518.15%
Share of Sub-Chapter 7229’s total exports in FY 2024-25
Import side: 7.22% of Sub-Chapter 7229’s imports
Rank Within Sub-Chapter 7229
FY 2024-25#3 of 24
Position by export value among HSN codes in Sub-Chapter 7229
Import-side rank: #2 of 24
At a glance
11.51%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4616
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+196.95%
Peak Growth Year
FY 2021-22 · strongest single-year move
18.15%
Contribution to Sub-Ch. 7229
Share of Sub-Chapter 7229 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 72299032
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−106.51
Exports
12.47 ₹ Cr
0.0005% share
— YoY
11.13% of Sub-Ch. 7229
Imports
118.98 ₹ Cr
0.0033% share
— YoY
14.30% of Sub-Ch. 7229
Balance
−31.09
Exports
19.04 ₹ Cr
0.0009% share
+52.69% YoY
22.82% of Sub-Ch. 7229
Imports
50.13 ₹ Cr
0.0015% share
−57.87% YoY
10.10% of Sub-Ch. 7229
Balance
−29.89
Exports
11.13 ₹ Cr
0.0005% share
−41.54% YoY
13.93% of Sub-Ch. 7229
Imports
41.02 ₹ Cr
0.0014% share
−18.17% YoY
8.84% of Sub-Ch. 7229
Balance
−27.12
Exports
33.05 ₹ Cr
0.0011% share
+196.95% YoY
16.17% of Sub-Ch. 7229
Imports
60.17 ₹ Cr
0.0013% share
+46.68% YoY
7.92% of Sub-Ch. 7229
Balance
−39.06
Exports
37.00 ₹ Cr
0.0010% share
+11.95% YoY
25.75% of Sub-Ch. 7229
Imports
76.06 ₹ Cr
0.0013% share
+26.41% YoY
10.56% of Sub-Ch. 7229
Balance
−30.77
Exports
25.43 ₹ Cr
0.0007% share
−31.27% YoY
20.18% of Sub-Ch. 7229
Imports
56.20 ₹ Cr
0.0010% share
−26.11% YoY
7.16% of Sub-Ch. 7229
Balance
−31.40
Exports
23.97 ₹ Cr
0.0007% share
−5.74% YoY
18.15% of Sub-Ch. 7229
Imports
55.37 ₹ Cr
0.0009% share
−1.48% YoY
7.22% of Sub-Ch. 7229
CAGR · 7-Year
Exports
11.51% /yr
Imports
−11.97% /yr
reference, FY 2024-25
Export
₹132.08 Cr
Import
₹766.70 Cr
Trade Balance
−634.62
Key Trade Insights: HSN Code 72299032 Export-Import Analysis
Consistent Export Growth: 11.51% CAGR Over 7 Years
India's exports under HSN Code 72299032 have grown at a compound annual rate of 11.51% over 7 fiscal years, rising from ₹12.47 Crore in FY 2018-19 to ₹23.97 Crore in FY 2024-25.
HSN Code 72299032 Ranked #4616 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 72299032 ranks #4616 out of 12657 HSN codes by total export value. Within Sub-Chapter 7229, it ranks #3 of 24. By trade surplus, it ranks #9875 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 72299032 Exports
The strongest single-year export movement for HSN Code 72299032 was recorded in FY 2021-22, when exports surged by 196.95% over the prior year.
India Records a Trade Deficit of ₹31.40 Crore in HSN Code 72299032 Goods
In FY 2024-25, India's imports of ₹55.37 Cr exceeded exports of ₹23.97 Cr, resulting in a trade deficit of ₹31.40 Crore — ranking #9875 of 12657 by surplus magnitude.
Import Growth of −11.97% CAGR Signals Stable Import Dependency for Spring Wire
India's imports under HSN Code 72299032 have grown at −11.97% CAGR, reaching ₹55.37 Crore in FY 2024-25.
HSN Code 72299032 Contributes 18.15% of Sub-Chapter 7229 Exports — Ranked #3
Among the 24 HSN codes under Sub-Chapter 7229, HSN Code 72299032 ranks #3 by export value — accounting for 18.15% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.22% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72299032 and GST compliance.
What products are classified under HSN 72299032 ?
It includes Other : Other wire
Any common misclassification issue with Spring 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 Spring 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.
Can we claim ITC on inputs used to trade Spring 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 should mixed supplies be billed when Spring Wire is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Spring Wire; Nil for exempt items if applicable).
Do e‑way bill and e‑invoice apply for Spring 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.