--- title: "HSN Code for Sponge Iron Cast Fittings | HSN 73071110 GST Rate" description: "Find HSN and GST Rates for 73071110 related to Sponge Iron Cast Fittings with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-73071110/" --- # HSN Code 73071110: Sponge Iron Cast Fittings - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 73: Articles Made of Iron/Steel](https://busy.in/hsn/chapter-73/) - [Sub-chapter 7307: Tool sets for retail sale](https://busy.in/hsn/sub-chapter-7307/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Cast fittings : Of non-malleable cast iron : Sponge iron cast fittings | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 73071110 ? It includes Other Cast Fittings ### Can we claim ITC on inputs used to trade Sponge Iron Cast Fittings? 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 Sponge Iron Cast Fittings? 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 should mixed supplies be billed when Sponge Iron Cast Fittings is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Sponge Iron Cast Fittings; Nil for exempt items if applicable). ### How much GST applies to Sponge Iron Cast Fittings? Under HSN 73071110, Sponge Iron Cast Fittings attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Sponge Iron Cast Fittings? 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 73071110 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹24 Cr (+80.03% YoY) — 0.0006% of India's total exports - Imports: ₹4 Cr (−7.63% YoY) — 0.0001% of India's total imports - Trade balance: ₹19 Cr (Surplus); surplus rank #2840 of 12657 HSN codes - Share of Sub-Chapter 7307: 0.26% of its exports; import side 0.14% - Rank within Sub-Chapter 7307: #15 of 16 by export value; import-side #15 ### Key metrics - Export CAGR: 13.59% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4634 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +180.91% in FY 2021-22 - Contribution to Sub-Ch. 7307: 0.26% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 73071110 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. 7307 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7307 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 11.04 | 0.0005% | — | 0.22% | 1.53 | 0.0000% | — | 0.09% | +9.51 | #4886 | | FY 2019-20 | 7.97 | 0.0004% | −27.81% | 0.18% | 4.03 | 0.0001% | +163.40% | 0.21% | +3.94 | #5296 | | FY 2020-21 | 7.07 | 0.0003% | −11.29% | 0.19% | 6.54 | 0.0002% | +62.28% | 0.36% | +0.53 | #5500 | | FY 2021-22 | 19.86 | 0.0006% | +180.91% | 0.32% | 4.31 | 0.0001% | −34.10% | 0.18% | +15.55 | #4612 | | FY 2022-23 | 30.52 | 0.0008% | +53.68% | 0.39% | 2.31 | 0.0000% | −46.40% | 0.09% | +28.21 | #4149 | | FY 2023-24 | 13.17 | 0.0004% | −56.85% | 0.17% | 4.72 | 0.0001% | +104.33% | 0.15% | +8.45 | #5353 | | FY 2024-25 | 23.71 | 0.0006% | +80.03% | 0.26% | 4.36 | 0.0001% | −7.63% | 0.14% | +19.35 | #4634 | - CAGR (7-year): exports 13.59%/yr, imports 19.07%/yr (consistently Surplus) ## Key trade insights: HSN Code 73071110 export-import analysis ### Consistent export growth: 13.59% CAGR over 7 years India's exports under HSN Code 73071110 have grown at a compound annual rate of 13.59% over 7 fiscal years, rising from ₹11.04 Crore in FY 2018-19 to ₹23.71 Crore in FY 2024-25. ### HSN Code 73071110 ranked #4634 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 73071110 ranks #4634 out of 12657 HSN codes by total export value. Within Sub-Chapter 7307, it ranks #15 of 16. By trade surplus, it ranks #2840 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 73071110 exports The strongest single-year export movement for HSN Code 73071110 was recorded in FY 2021-22, when exports surged by 180.91% over the prior year. ### India maintains a trade surplus of ₹19.35 Crore in HSN Code 73071110 goods In FY 2024-25, India's exports of ₹23.71 Cr exceeded imports of ₹4.36 Cr, resulting in a trade surplus of ₹19.35 Crore — ranking #2840 of 12657 by surplus magnitude. ### Import growth of 19.07% CAGR signals rising demand for Sponge Iron Cast Fittings India's imports under HSN Code 73071110 have grown at 19.07% CAGR, reaching ₹4.36 Crore in FY 2024-25. ### HSN Code 73071110 contributes 0.26% of Sub-Chapter 7307 exports — ranked #15 Among the 16 HSN codes under Sub-Chapter 7307, HSN Code 73071110 ranks #15 by export value — accounting for 0.26% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.14% share (rank #15). ## Related HSN Codes in Sub-Chapter 7307 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 73072100: Other, Of Stainless Steel \| Flanges](https://busy.in/hsn/hsn-73072100/) | ₹2,060 Cr | | #2 | [HSN Code 73079190: Other \| Flanges](https://busy.in/hsn/hsn-73079190/) | ₹1,939 Cr | | #3 | [HSN Code 73071120: SG iron cast fittings](https://busy.in/hsn/hsn-73071120/) | ₹1,021 Cr | | #4 | [HSN Code 73079990: Tube or pipe fittings of iron or steel \| Other](https://busy.in/hsn/hsn-73079990/) | ₹940 Cr | | #5 | [HSN Code 73071900: Other Cast Fittings](https://busy.in/hsn/hsn-73071900/) | ₹648 Cr | | #6 | [HSN Code 73072900: Other, of stainless steel : Other](https://busy.in/hsn/hsn-73072900/) | ₹555 Cr | | #7 | [HSN Code 73079210: Galvanized threaded elbows, bends, sleeves](https://busy.in/hsn/hsn-73079210/) | ₹500 Cr | | #8 | [HSN Code 73072300: Other, of stainless steel : Butt welding fittings](https://busy.in/hsn/hsn-73072300/) | ₹300 Cr | | #9 | [HSN Code 73079910: Other \| Other \| Galvanised](https://busy.in/hsn/hsn-73079910/) | ₹287 Cr | | #10 | [HSN Code 73079290: Threaded elbows, other](https://busy.in/hsn/hsn-73079290/) | ₹227 Cr | | #15 | HSN Code 73071110: Sponge Iron Cast Fittings (this hsn code) | ₹24 Cr |