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HSN Code 72299040: Other Non-Insulated Alloy Steel Wire
HSN Code 72299040 represents Other Non-Insulated Alloy Steel Wire under GST classification. This code helps businesses identify Other Non-Insulated Alloy Steel Wire correctly for billing, taxation, and trade. With HSN Code 72299040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Non-Insulated Alloy Steel Wire.
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Description of Goods for HSN Code 72299040
HSN Code 72299040 relates to the following description.
What does HSN Code 72299040 not include?
Other Non-Insulated Alloy Steel 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 : 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 : 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 : 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 : 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
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India’s Trade Performance — HSN Code 72299040 in FY 2025-26
India’s Exports
FY 2025-26₹4 Cr
0.0001% of India’s total exports
India’s Imports
FY 2025-26₹15 Cr
0.0002% of India’s total imports
Trade Balance
FY 2025-26−₹11 Cr
Surplus rank #9175 of 12872 HSN codes
% of Sub-Chapter 7229
FY 2025-263.30%
Share of Sub-Chapter 7229’s total exports in FY 2025-26
Import side: 1.90% of Sub-Chapter 7229’s imports
Rank Within Sub-Chapter 7229
FY 2025-26#5 of 24
Position by export value among HSN codes in Sub-Chapter 7229
Import-side rank: #5 of 24
At a glance
9.70%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#7021
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+357.58%
Peak Growth Year
FY 2022-23 · strongest single-year move
3.30%
Contribution to Sub-Ch. 7229
Share of Sub-Chapter 7229 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72299040
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−16.48
Exports
2.14 ₹ Cr
0.0001% share
— YoY
1.91% of Sub-Ch. 7229
Imports
18.62 ₹ Cr
0.0005% share
— YoY
2.24% of Sub-Ch. 7229
Balance
−12.71
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−62.62% YoY
0.96% of Sub-Ch. 7229
Imports
13.51 ₹ Cr
0.0004% share
−27.44% YoY
2.72% of Sub-Ch. 7229
Balance
−17.05
Exports
2.39 ₹ Cr
0.0001% share
+198.75% YoY
2.99% of Sub-Ch. 7229
Imports
19.44 ₹ Cr
0.0007% share
+43.89% YoY
4.19% of Sub-Ch. 7229
Balance
−37.19
Exports
1.32 ₹ Cr
0.0000% share
−44.77% YoY
0.65% of Sub-Ch. 7229
Imports
38.51 ₹ Cr
0.0008% share
+98.10% YoY
5.07% of Sub-Ch. 7229
Balance
−40.58
Exports
6.04 ₹ Cr
0.0002% share
+357.58% YoY
4.20% of Sub-Ch. 7229
Imports
46.62 ₹ Cr
0.0008% share
+21.06% YoY
6.48% of Sub-Ch. 7229
Balance
−63.50
Exports
1.50 ₹ Cr
0.0000% share
−75.17% YoY
1.19% of Sub-Ch. 7229
Imports
65.00 ₹ Cr
0.0012% share
+39.43% YoY
8.28% of Sub-Ch. 7229
Balance
−26.39
Exports
3.41 ₹ Cr
0.0001% share
+127.33% YoY
2.58% of Sub-Ch. 7229
Imports
29.80 ₹ Cr
0.0005% share
−54.15% YoY
3.89% of Sub-Ch. 7229
Balance
−10.92
Exports
4.09 ₹ Cr
0.0001% share
+19.94% YoY
3.30% of Sub-Ch. 7229
Imports
15.01 ₹ Cr
0.0002% share
−49.63% YoY
1.90% of Sub-Ch. 7229
CAGR · 8-Year
Exports
9.70% /yr
Imports
−3.03% /yr
reference, FY 2025-26
Export
₹123.84 Cr
Import
₹789.07 Cr
Trade Balance
−665.23
Key Trade Insights: HSN Code 72299040 Export-Import Analysis
Consistent Export Growth: 9.70% CAGR Over 8 Years
India's exports under HSN Code 72299040 have grown at a compound annual rate of 9.70% over 8 fiscal years, rising from ₹2.14 Crore in FY 2018-19 to ₹4.09 Crore in FY 2025-26.
HSN Code 72299040 Ranked #7021 Among All 12872 HSN codes by Export Value
In FY 2025-26, HSN Code 72299040 ranks #7021 out of 12872 HSN codes by total export value. Within Sub-Chapter 7229, it ranks #5 of 24. By trade surplus, it ranks #9175 of 12872.
FY 2022-23 Was the Strongest Growth Year for HSN Code 72299040 Exports
The strongest single-year export movement for HSN Code 72299040 was recorded in FY 2022-23, when exports surged by 357.58% over the prior year.
India Records a Trade Deficit of ₹10.92 Crore in HSN Code 72299040 Goods
In FY 2025-26, India's imports of ₹15.01 Cr exceeded exports of ₹4.09 Cr, resulting in a trade deficit of ₹10.92 Crore — ranking #9175 of 12872 by surplus magnitude.
Import Growth of −3.03% CAGR Signals Stable Import Dependency for Other Non-Insulated Alloy Steel Wire
India's imports under HSN Code 72299040 have grown at −3.03% CAGR, reaching ₹15.01 Crore in FY 2025-26.
HSN Code 72299040 Contributes 3.30% of Sub-Chapter 7229 Exports — Ranked #5
Among the 24 HSN codes under Sub-Chapter 7229, HSN Code 72299040 ranks #5 by export value — accounting for 3.30% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 1.90% share (rank #5).
Frequently Asked Questions
Clear answers to common queries about HSN Code 72299040 and GST compliance.
What products are classified under HSN 72299040 ?
It includes L’ shape wires: Shaped/profiled
Does packaging or labelling change the GST for Other Non-Insulated Alloy 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.
How much GST applies to Other Non-Insulated Alloy Steel Wire?
Under HSN 72299040, Other Non-Insulated Alloy Steel Wire attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Do e‑way bill and e‑invoice apply for Other Non-Insulated Alloy 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 Other Non-Insulated Alloy 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.
Any common misclassification issue with Other Non-Insulated Alloy 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.
How should mixed supplies be billed when Other Non-Insulated Alloy Steel Wire is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Non-Insulated Alloy Steel Wire; Nil for exempt items if applicable).