HSN Code 73071120: SG iron cast fittings

HSN Code 73071120 represents SG iron cast fittings under GST classification. This code helps businesses identify SG iron cast fittings correctly for billing, taxation, and trade. With HSN Code 73071120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of SG iron cast fittings.

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Description of Goods for HSN Code 73071120

HSN Code 73071120 relates to the following description.

Description of Goods

Cast fittings : Of non-malleable cast iron : SG 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 73071120 not include?

SG iron cast fittings does not include products with the following descriptions.

India’s Trade Performance — HSN Code 73071120 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

₹1,021 Cr

+46.09% vs FY 2023-24

0.0278% of India’s total exports

India’s Imports

FY 2024-25

₹29 Cr

+283.49% vs FY 2023-24

0.0005% of India’s total imports

Trade Balance

FY 2024-25

₹992 Cr

Trade Surplus

Surplus rank #353 of 12657 HSN codes

% of Sub-Chapter 7307

FY 2024-25

11.37%

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

Import side: 0.91% of Sub-Chapter 7307’s imports

Rank Within Sub-Chapter 7307

FY 2024-25

#3 of 16

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

Import-side rank: #12 of 16

At a glance

18.35%

Export CAGR

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

#512

National Export Rank

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

+70.87%

Peak Growth Year

FY 2021-22 · strongest single-year move

11.37%

Contribution to Sub-Ch. 7307

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

India Export-Import Trade Statistics for HSN Code 73071120

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 #836

Balance

+369.16

Exports

371.72 ₹ Cr

0.0163% share

— YoY

7.50% of Sub-Ch. 7307

Imports

2.56 ₹ Cr

0.0001% share

— YoY

0.14% of Sub-Ch. 7307

FY 2019-20 Exp. Rank #965

Balance

+303.74

Exports

308.91 ₹ Cr

0.0140% share

−16.90% YoY

6.97% of Sub-Ch. 7307

Imports

5.17 ₹ Cr

0.0002% share

+101.95% YoY

0.26% of Sub-Ch. 7307

FY 2020-21 Exp. Rank #805

Balance

+408.86

Exports

415.34 ₹ Cr

0.0193% share

+34.45% YoY

11.01% of Sub-Ch. 7307

Imports

6.48 ₹ Cr

0.0002% share

+25.34% YoY

0.36% of Sub-Ch. 7307

FY 2021-22 Exp. Rank #626

Balance

+698.74

Exports

709.68 ₹ Cr

0.0226% share

+70.87% YoY

11.29% of Sub-Ch. 7307

Imports

10.94 ₹ Cr

0.0002% share

+68.83% YoY

0.47% of Sub-Ch. 7307

FY 2022-23 Exp. Rank #583

Balance

+831.63

Exports

845.90 ₹ Cr

0.0234% share

+19.19% YoY

10.72% of Sub-Ch. 7307

Imports

14.27 ₹ Cr

0.0002% share

+30.44% YoY

0.56% of Sub-Ch. 7307

FY 2023-24 Exp. Rank #713

Balance

+691.52

Exports

699.15 ₹ Cr

0.0193% share

−17.35% YoY

9.07% of Sub-Ch. 7307

Imports

7.63 ₹ Cr

0.0001% share

−46.53% YoY

0.25% of Sub-Ch. 7307

FY 2024-25 Exp. Rank #512

Balance

+992.13

Exports

1,021.39 ₹ Cr

0.0278% share

+46.09% YoY

11.37% of Sub-Ch. 7307

Imports

29.26 ₹ Cr

0.0005% share

+283.49% YoY

0.91% of Sub-Ch. 7307

CAGR · 7-Year

Exports

18.35% /yr

Imports

50.09% /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 73071120 Export-Import Analysis

Consistent Export Growth: 18.35% CAGR Over 7 Years

India's exports under HSN Code 73071120 have grown at a compound annual rate of 18.35% over 7 fiscal years, rising from ₹371.72 Crore in FY 2018-19 to ₹1,021.39 Crore in FY 2024-25.

HSN Code 73071120 Ranked #512 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73071120 ranks #512 out of 12657 HSN codes by total export value. Within Sub-Chapter 7307, it ranks #3 of 16. By trade surplus, it ranks #353 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 73071120 Exports

The strongest single-year export movement for HSN Code 73071120 was recorded in FY 2021-22, when exports surged by 70.87% over the prior year.

India Maintains a Trade Surplus of ₹992.13 Crore in HSN Code 73071120 Goods

In FY 2024-25, India's exports of ₹1,021.39 Cr exceeded imports of ₹29.26 Cr, resulting in a trade surplus of ₹992.13 Crore — ranking #353 of 12657 by surplus magnitude.

Import Growth of 50.09% CAGR Signals Rising Demand for SG iron cast fittings

India's imports under HSN Code 73071120 have grown at 50.09% CAGR, reaching ₹29.26 Crore in FY 2024-25.

HSN Code 73071120 Contributes 11.37% of Sub-Chapter 7307 Exports — Ranked #3

Among the 16 HSN codes under Sub-Chapter 7307, HSN Code 73071120 ranks #3 by export value — accounting for 11.37% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.91% share (rank #12).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73071120 and GST compliance.

What products are classified under HSN 73071120 ?

It includes Other, Of Stainless Steel | Flanges

How much GST applies to SG iron cast fittings?

Under HSN 73071120, SG iron cast fittings attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when SG 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 SG iron cast fittings; Nil for exempt items if applicable).

Any common misclassification issue with SG 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.

Can we claim ITC on inputs used to trade SG 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.

Does packaging or labelling change the GST for SG iron cast fittings?

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.

Do e‑way bill and e‑invoice apply for SG 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.

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.