HSN Code 73071110: Sponge Iron Cast Fittings

HSN Code 73071110 represents Sponge Iron Cast Fittings under GST classification. This code helps businesses identify Sponge Iron Cast Fittings correctly for billing, taxation, and trade. With HSN Code 73071110, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Sponge Iron Cast Fittings.

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Description of Goods for HSN Code 73071110

HSN Code 73071110 relates to the following description.

Description of Goods

Cast fittings : Of non-malleable cast iron : Sponge iron cast fittings

Chapter

73 - Articles of iron or steel

Sub Chapter

7307 - Tube or pipe fittings (for example, couplings, elbows, sleeves), of iron or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73071110 not include?

Sponge Iron Cast Fittings does not include products with the following descriptions.

India’s Trade Performance — HSN Code 73071110 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

₹24 Cr

+80.03% vs FY 2023-24

0.0006% of India’s total exports

India’s Imports

FY 2024-25

₹4 Cr

−7.63% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹19 Cr

Trade Surplus

Surplus rank #2840 of 12657 HSN codes

% of Sub-Chapter 7307

FY 2024-25

0.26%

Share of Sub-Chapter 7307’s total exports in FY 2024-25

Import side: 0.14% of Sub-Chapter 7307’s imports

Rank Within Sub-Chapter 7307

FY 2024-25

#15 of 16

Position by export value among HSN codes in Sub-Chapter 7307

Import-side rank: #15 of 16

At a glance

13.59%

Export CAGR

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

#4634

National Export Rank

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

+180.91%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.26%

Contribution to Sub-Ch. 7307

Share of Sub-Chapter 7307 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #4886

Balance

+9.51

Exports

11.04 ₹ Cr

0.0005% share

— YoY

0.22% of Sub-Ch. 7307

Imports

1.53 ₹ Cr

0.0000% share

— YoY

0.09% of Sub-Ch. 7307

FY 2019-20 Exp. Rank #5296

Balance

+3.94

Exports

7.97 ₹ Cr

0.0004% share

−27.81% YoY

0.18% of Sub-Ch. 7307

Imports

4.03 ₹ Cr

0.0001% share

+163.40% YoY

0.21% of Sub-Ch. 7307

FY 2020-21 Exp. Rank #5500

Balance

+0.53

Exports

7.07 ₹ Cr

0.0003% share

−11.29% YoY

0.19% of Sub-Ch. 7307

Imports

6.54 ₹ Cr

0.0002% share

+62.28% YoY

0.36% of Sub-Ch. 7307

FY 2021-22 Exp. Rank #4612

Balance

+15.55

Exports

19.86 ₹ Cr

0.0006% share

+180.91% YoY

0.32% of Sub-Ch. 7307

Imports

4.31 ₹ Cr

0.0001% share

−34.10% YoY

0.18% of Sub-Ch. 7307

FY 2022-23 Exp. Rank #4149

Balance

+28.21

Exports

30.52 ₹ Cr

0.0008% share

+53.68% YoY

0.39% of Sub-Ch. 7307

Imports

2.31 ₹ Cr

0.0000% share

−46.40% YoY

0.09% of Sub-Ch. 7307

FY 2023-24 Exp. Rank #5353

Balance

+8.45

Exports

13.17 ₹ Cr

0.0004% share

−56.85% YoY

0.17% of Sub-Ch. 7307

Imports

4.72 ₹ Cr

0.0001% share

+104.33% YoY

0.15% of Sub-Ch. 7307

FY 2024-25 Exp. Rank #4634

Balance

+19.35

Exports

23.71 ₹ Cr

0.0006% share

+80.03% YoY

0.26% of Sub-Ch. 7307

Imports

4.36 ₹ Cr

0.0001% share

−7.63% YoY

0.14% of Sub-Ch. 7307

CAGR · 7-Year

Exports

13.59% /yr

Imports

19.07% /yr

Consistently Surplus
Sub-Chapter 7307 total

reference, FY 2024-25

Export

₹8,984.02 Cr

Import

₹3,221.27 Cr

Trade Balance

+5,762.75

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73071110 and GST compliance.

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.

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.