HSN Code 73024000: Fish-plates and sole plates

HSN Code 73024000 represents Fish-plates and sole plates under GST classification. This code helps businesses identify Fish-plates and sole plates correctly for billing, taxation, and trade. With HSN Code 73024000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Fish-plates and sole plates.

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Description of Goods for HSN Code 73024000

HSN Code 73024000 relates to the following description.

Description of Goods

Fish-plates and sole plates

Chapter

73 - Articles of iron or steel

Sub Chapter

7302 - Railway or tramway track construction material of iron or steel, the following: rails, check-rails and rack rails, switch blades, crossing frogs, point rods and other crossing pieces, sleepers (cross-ties), fish- plates, chairs, chair wedges, sole plates (base plates), rail clips, bedplates, ties and other material specialized for jointing or fixing rails

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73024000 not include?

Fish-plates and sole plates does not include products with the following descriptions.

Railway or tramway track construction material of iron or steel, the following: rails, check-rails and rack rails, switch blades, crossing frogs, point rods and other crossing pieces, sleepers (cross-ties), fish - plates, chairs, chair wedges, sole plates (base plates), rail clips, bedplates, ties and other material specialized for jointing or fixing rails- rails : for railways

India’s Trade Performance — HSN Code 73024000 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹17 Cr

+2.37% vs FY 2023-24

0.0005% of India’s total exports

India’s Imports

FY 2024-25

₹20 Cr

−49.19% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

−₹2 Cr

Trade Deficit

Surplus rank #8251 of 12657 HSN codes

% of Sub-Chapter 7302

FY 2024-25

2.31%

Share of Sub-Chapter 7302’s total exports in FY 2024-25

Import side: 3.39% of Sub-Chapter 7302’s imports

Rank Within Sub-Chapter 7302

FY 2024-25

#4 of 12

Position by export value among HSN codes in Sub-Chapter 7302

Import-side rank: #5 of 12

At a glance

29.50%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#5076

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+741.86%

Peak Growth Year

FY 2021-22 · strongest single-year move

2.31%

Contribution to Sub-Ch. 7302

Share of Sub-Chapter 7302 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 73024000

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #6239

Balance

+1.21

Exports

3.67 ₹ Cr

0.0002% share

YoY

1.19% of Sub-Ch. 7302

Imports

2.46 ₹ Cr

0.0001% share

YoY

0.33% of Sub-Ch. 7302

FY 2019-20 Exp. Rank #4876

Balance

+7.83

Exports

11.08 ₹ Cr

0.0005% share

+201.91% YoY

2.83% of Sub-Ch. 7302

Imports

3.25 ₹ Cr

0.0001% share

+32.11% YoY

0.49% of Sub-Ch. 7302

FY 2020-21 Exp. Rank #8343

Balance

−1.46

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−96.12% YoY

0.13% of Sub-Ch. 7302

Imports

1.89 ₹ Cr

0.0001% share

−41.85% YoY

0.26% of Sub-Ch. 7302

FY 2021-22 Exp. Rank #6705

Balance

+3.26

Exports

3.62 ₹ Cr

0.0001% share

+741.86% YoY

1.08% of Sub-Ch. 7302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−80.95% YoY

0.05% of Sub-Ch. 7302

FY 2022-23 Exp. Rank #4459

Balance

−4.76

Exports

23.97 ₹ Cr

0.0007% share

+562.15% YoY

7.14% of Sub-Ch. 7302

Imports

28.73 ₹ Cr

0.0005% share

+7,880.56% YoY

4.87% of Sub-Ch. 7302

FY 2023-24 Exp. Rank #4999

Balance

−21.78

Exports

16.91 ₹ Cr

0.0005% share

−29.45% YoY

4.34% of Sub-Ch. 7302

Imports

38.69 ₹ Cr

0.0007% share

+34.67% YoY

3.76% of Sub-Ch. 7302

FY 2024-25 Exp. Rank #5076

Balance

−2.35

Exports

17.31 ₹ Cr

0.0005% share

+2.37% YoY

2.31% of Sub-Ch. 7302

Imports

19.66 ₹ Cr

0.0003% share

−49.19% YoY

3.39% of Sub-Ch. 7302

CAGR · 7-Year

Exports

29.50% /yr

Imports

41.40% /yr

Consistently Deficit
Sub-Chapter 7302 total

reference, FY 2024-25

Export

₹748.20 Cr

Import

₹579.46 Cr

Trade Balance

+168.74

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 73024000 Export-Import Analysis

Consistent Export Growth: 29.50% CAGR Over 7 Years

India's exports under HSN Code 73024000 have grown at a compound annual rate of 29.50% over 7 fiscal years, rising from ₹3.67 Crore in FY 2018-19 to ₹17.31 Crore in FY 2024-25.

HSN Code 73024000 Ranked #5076 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73024000 ranks #5076 out of 12657 HSN codes by total export value. Within Sub-Chapter 7302, it ranks #4 of 12. By trade surplus, it ranks #8251 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 73024000 Exports

The strongest single-year export movement for HSN Code 73024000 was recorded in FY 2021-22, when exports surged by 741.86% over the prior year.

India Records a Trade Deficit of ₹2.35 Crore in HSN Code 73024000 Goods

In FY 2024-25, India's imports of ₹19.66 Cr exceeded exports of ₹17.31 Cr, resulting in a trade deficit of ₹2.35 Crore — ranking #8251 of 12657 by surplus magnitude.

Import Growth of 41.40% CAGR Signals Rising Demand for Fish-plates and sole plates

India's imports under HSN Code 73024000 have grown at 41.40% CAGR, reaching ₹19.66 Crore in FY 2024-25.

HSN Code 73024000 Contributes 2.31% of Sub-Chapter 7302 Exports — Ranked #4

Among the 12 HSN codes under Sub-Chapter 7302, HSN Code 73024000 ranks #4 by export value — accounting for 2.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.39% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73024000 and GST compliance.

What products are classified under HSN 73024000 ?

It includes Cast iron pipes: rainwater pipe

Any common misclassification issue with Fish-plates and sole plates?

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 Fish-plates and sole plates is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Fish-plates and sole plates; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Fish-plates and sole plates?

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 Fish-plates and sole plates?

Under HSN 73024000, Fish-plates and sole plates attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Fish-plates and sole plates?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Fish-plates and sole plates?

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.