--- title: "HSN Code for Electric Resistance Wire, Including Heating Wire | HSN 72299060 GST Rate" description: "Find HSN and GST Rates for 72299060 related to Electric Resistance Wire, Including Heating Wire with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72299060/" --- # HSN Code 72299060: Electric Resistance Wire, Including Heating 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 : Electric resistance wire (including electric resistance heating wire) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72299060 ? It includes Sheet Piling ### Can we claim ITC on inputs used to trade Electric Resistance Wire, Including Heating 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 Electric Resistance Wire, Including Heating Wire is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Electric Resistance Wire, Including Heating Wire; Nil for exempt items if applicable). ### Any common misclassification issue with Electric Resistance Wire, Including Heating Wire? 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 Electric Resistance Wire, Including Heating 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. ### How much GST applies to Electric Resistance Wire, Including Heating Wire? Under HSN 72299060, Electric Resistance Wire, Including Heating Wire attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 72299060 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+20.00% YoY) — 0.0000% of India's total exports - Imports: ₹11 Cr (−14.70% YoY) — 0.0002% of India's total imports - Trade balance: −₹11 Cr (Deficit); surplus rank #9130 of 12657 HSN codes - Share of Sub-Chapter 7229: 0.05% of its exports; import side 1.43% - Rank within Sub-Chapter 7229: #9 of 24 by export value; import-side #6 ### Key metrics - Export CAGR: -21.68% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9965 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +400.00% in FY 2022-23 - Contribution to Sub-Ch. 7229: 0.05% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72299060 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 | < ₹1 Crore | 0.0000% | — | 0.23% | 36.05 | 0.0010% | — | 4.33% | −35.79 | #8641 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −84.62% | 0.05% | 24.20 | 0.0007% | −32.87% | 4.88% | −24.16 | #9534 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −75.00% | 0.01% | 17.37 | 0.0006% | −28.22% | 3.74% | −17.36 | #9985 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +300.00% | 0.02% | 14.68 | 0.0003% | −15.49% | 1.93% | −14.64 | #9874 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +400.00% | 0.14% | 10.52 | 0.0002% | −28.34% | 1.46% | −10.32 | #9286 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −75.00% | 0.04% | 12.86 | 0.0002% | +22.24% | 1.64% | −12.81 | #10057 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +20.00% | 0.05% | 10.97 | 0.0002% | −14.70% | 1.43% | −10.91 | #9965 | - CAGR (7-year): exports -21.68%/yr, imports -17.99%/yr (consistently Deficit) ## Key trade insights: HSN Code 72299060 export-import analysis ### Export decline: -21.68% CAGR over 7 years India's exports under HSN Code 72299060 have declined at a compound annual rate of -21.68% over 7 fiscal years, falling from ₹0.26 Crore in FY 2018-19 to ₹0.06 Crore in FY 2024-25. ### HSN Code 72299060 ranked #9965 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72299060 ranks #9965 out of 12657 HSN codes by total export value. Within Sub-Chapter 7229, it ranks #9 of 24. By trade surplus, it ranks #9130 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 72299060 exports The strongest single-year export movement for HSN Code 72299060 was recorded in FY 2022-23, when exports surged by 400.00% over the prior year. ### India records a trade deficit of ₹10.91 Crore in HSN Code 72299060 goods In FY 2024-25, India's imports of ₹10.97 Cr exceeded exports of ₹0.06 Cr, resulting in a trade deficit of ₹10.91 Crore — ranking #9130 of 12657 by surplus magnitude. ### Import growth of -17.99% CAGR signals stable import dependency for Electric Resistance Wire, Including Heating Wire India's imports under HSN Code 72299060 have grown at -17.99% CAGR, reaching ₹10.97 Crore in FY 2024-25. ### HSN Code 72299060 contributes 0.05% of Sub-Chapter 7229 exports — ranked #9 Among the 24 HSN codes under Sub-Chapter 7229, HSN Code 72299060 ranks #9 by export value — accounting for 0.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.43% share (rank #6). ## 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 (this hsn code) | < ₹1 Crore | | #10 | [HSN Code 72299059: Shaped and profiled wires](https://busy.in/hsn/hsn-72299059/) | < ₹1 Crore |