HSN Code 73072300: Other, of stainless steel : Butt welding fittings

HSN Code 73072300 represents Other, of stainless steel : Butt welding fittings under GST classification. This code helps businesses identify Other, of stainless steel : Butt welding fittings correctly for billing, taxation, and trade. With HSN Code 73072300, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other, of stainless steel : Butt welding fittings.

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Description of Goods for HSN Code 73072300

HSN Code 73072300 relates to the following description.

Description of Goods

Other, of stainless steel : Butt welding 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 73072300 not include?

Other, of stainless steel : Butt welding fittings does not include products with the following descriptions.

India’s Trade Performance — HSN Code 73072300 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

₹300 Cr

+157.57% vs FY 2023-24

0.0082% of India’s total exports

India’s Imports

FY 2024-25

₹138 Cr

+53.23% vs FY 2023-24

0.0023% of India’s total imports

Trade Balance

FY 2024-25

₹162 Cr

Trade Surplus

Surplus rank #1287 of 12657 HSN codes

% of Sub-Chapter 7307

FY 2024-25

3.34%

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

Import side: 4.29% of Sub-Chapter 7307’s imports

Rank Within Sub-Chapter 7307

FY 2024-25

#8 of 16

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

Import-side rank: #7 of 16

At a glance

41.91%

Export CAGR

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

#1443

National Export Rank

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

+157.57%

Peak Growth Year

FY 2024-25 · strongest single-year move

3.34%

Contribution to Sub-Ch. 7307

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

India Export-Import Trade Statistics for HSN Code 73072300

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 #3300

Balance

+8.57

Exports

36.79 ₹ Cr

0.0016% share

— YoY

0.74% of Sub-Ch. 7307

Imports

28.22 ₹ Cr

0.0008% share

— YoY

1.57% of Sub-Ch. 7307

FY 2019-20 Exp. Rank #2246

Balance

+20.71

Exports

82.00 ₹ Cr

0.0037% share

+122.89% YoY

1.85% of Sub-Ch. 7307

Imports

61.29 ₹ Cr

0.0018% share

+117.19% YoY

3.13% of Sub-Ch. 7307

FY 2020-21 Exp. Rank #2610

Balance

−29.35

Exports

63.19 ₹ Cr

0.0029% share

−22.94% YoY

1.68% of Sub-Ch. 7307

Imports

92.54 ₹ Cr

0.0032% share

+50.99% YoY

5.15% of Sub-Ch. 7307

FY 2021-22 Exp. Rank #2972

Balance

−0.19

Exports

65.89 ₹ Cr

0.0021% share

+4.27% YoY

1.05% of Sub-Ch. 7307

Imports

66.08 ₹ Cr

0.0014% share

−28.59% YoY

2.83% of Sub-Ch. 7307

FY 2022-23 Exp. Rank #2252

Balance

+58.39

Exports

124.78 ₹ Cr

0.0034% share

+89.38% YoY

1.58% of Sub-Ch. 7307

Imports

66.39 ₹ Cr

0.0012% share

+0.47% YoY

2.60% of Sub-Ch. 7307

FY 2023-24 Exp. Rank #2384

Balance

+26.48

Exports

116.64 ₹ Cr

0.0032% share

−6.52% YoY

1.51% of Sub-Ch. 7307

Imports

90.16 ₹ Cr

0.0016% share

+35.80% YoY

2.96% of Sub-Ch. 7307

FY 2024-25 Exp. Rank #1443

Balance

+162.28

Exports

300.43 ₹ Cr

0.0082% share

+157.57% YoY

3.34% of Sub-Ch. 7307

Imports

138.15 ₹ Cr

0.0023% share

+53.23% YoY

4.29% of Sub-Ch. 7307

CAGR · 7-Year

Exports

41.91% /yr

Imports

30.31% /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 73072300 Export-Import Analysis

Consistent Export Growth: 41.91% CAGR Over 7 Years

India's exports under HSN Code 73072300 have grown at a compound annual rate of 41.91% over 7 fiscal years, rising from ₹36.79 Crore in FY 2018-19 to ₹300.43 Crore in FY 2024-25.

HSN Code 73072300 Ranked #1443 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73072300 ranks #1443 out of 12657 HSN codes by total export value. Within Sub-Chapter 7307, it ranks #8 of 16. By trade surplus, it ranks #1287 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 73072300 Exports

The strongest single-year export movement for HSN Code 73072300 was recorded in FY 2024-25, when exports surged by 157.57% over the prior year.

India Maintains a Trade Surplus of ₹162.28 Crore in HSN Code 73072300 Goods

In FY 2024-25, India's exports of ₹300.43 Cr exceeded imports of ₹138.15 Cr, resulting in a trade surplus of ₹162.28 Crore — ranking #1287 of 12657 by surplus magnitude.

Import Growth of 30.31% CAGR Signals Rising Demand for Other, of stainless steel : Butt welding fittings

India's imports under HSN Code 73072300 have grown at 30.31% CAGR, reaching ₹138.15 Crore in FY 2024-25.

HSN Code 73072300 Contributes 3.34% of Sub-Chapter 7307 Exports — Ranked #8

Among the 16 HSN codes under Sub-Chapter 7307, HSN Code 73072300 ranks #8 by export value — accounting for 3.34% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.29% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73072300 and GST compliance.

What products are classified under HSN 73072300 ?

It includes Other | Flanges

How much GST applies to Other, of stainless steel : Butt welding fittings?

Under HSN 73072300, Other, of stainless steel : Butt welding fittings attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Other, of stainless steel : Butt welding 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.

Any common misclassification issue with Other, of stainless steel : Butt welding fittings?

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 Other, of stainless steel : Butt welding fittings is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other, of stainless steel : Butt welding fittings; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Other, of stainless steel : Butt welding 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.

Can we claim ITC on inputs used to trade Other, of stainless steel : Butt welding fittings?

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

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.