--- title: "HSN Code for Galvanised wire ropes | HSN 73121020 GST Rate" description: "Find HSN and GST Rates for 73121020 related to Galvanised wire ropes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-73121020/" --- # HSN Code 73121020: Galvanised wire ropes - [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 7312: Iron or steel cables](https://busy.in/hsn/sub-chapter-7312/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Stranded wire, ropes and cables : Wire ropes, galvanised | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 73121020 ? It includes Stranded Wire of Iron or Steel ### Can we claim ITC on inputs used to trade Galvanised wire ropes? 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 Galvanised wire ropes? 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. ### Does packaging or labelling change the GST for Galvanised wire ropes? 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 should mixed supplies be billed when Galvanised wire ropes is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Galvanised wire ropes; Nil for exempt items if applicable). ### Any common misclassification issue with Galvanised wire ropes? 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 73121020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹800 Cr (+3.28% YoY) — 0.0217% of India's total exports - Imports: ₹666 Cr (+20.23% YoY) — 0.0110% of India's total imports - Trade balance: ₹134 Cr (Surplus); surplus rank #1403 of 12657 HSN codes - Share of Sub-Chapter 7312: 52.45% of its exports; import side 23.63% - Rank within Sub-Chapter 7312: #1 of 5 by export value; import-side #3 ### Key metrics - Export CAGR: 16.14% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #639 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +53.11% in FY 2022-23 - Contribution to Sub-Ch. 7312: 52.45% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 73121020 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. 7312 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7312 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 325.92 | 0.0143% | — | 40.38% | 304.43 | 0.0085% | — | 19.36% | +21.49 | #935 | | FY 2019-20 | 347.18 | 0.0158% | +6.52% | 45.18% | 254.72 | 0.0076% | −16.33% | 18.24% | +92.46 | #885 | | FY 2020-21 | 360.33 | 0.0168% | +3.79% | 46.80% | 332.52 | 0.0114% | +30.54% | 20.76% | +27.81 | #885 | | FY 2021-22 | 525.61 | 0.0167% | +45.87% | 45.04% | 521.95 | 0.0114% | +56.97% | 23.20% | +3.66 | #826 | | FY 2022-23 | 804.77 | 0.0222% | +53.11% | 52.13% | 559.17 | 0.0097% | +7.13% | 20.20% | +245.60 | #605 | | FY 2023-24 | 774.32 | 0.0214% | −3.78% | 51.31% | 554.06 | 0.0099% | −0.91% | 20.59% | +220.26 | #637 | | FY 2024-25 | 799.71 | 0.0217% | +3.28% | 52.45% | 666.13 | 0.0110% | +20.23% | 23.63% | +133.58 | #639 | - CAGR (7-year): exports 16.14%/yr, imports 13.94%/yr (consistently Surplus) ## Key trade insights: HSN Code 73121020 export-import analysis ### Consistent export growth: 16.14% CAGR over 7 years India's exports under HSN Code 73121020 have grown at a compound annual rate of 16.14% over 7 fiscal years, rising from ₹325.92 Crore in FY 2018-19 to ₹799.71 Crore in FY 2024-25. ### HSN Code 73121020 ranked #639 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 73121020 ranks #639 out of 12657 HSN codes by total export value. Within Sub-Chapter 7312, it ranks #1 of 5. By trade surplus, it ranks #1403 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 73121020 exports The strongest single-year export movement for HSN Code 73121020 was recorded in FY 2022-23, when exports surged by 53.11% over the prior year. ### India maintains a trade surplus of ₹133.58 Crore in HSN Code 73121020 goods In FY 2024-25, India's exports of ₹799.71 Cr exceeded imports of ₹666.13 Cr, resulting in a trade surplus of ₹133.58 Crore — ranking #1403 of 12657 by surplus magnitude. ### Import growth of 13.94% CAGR signals rising demand for Galvanised wire ropes India's imports under HSN Code 73121020 have grown at 13.94% CAGR, reaching ₹666.13 Crore in FY 2024-25. ### HSN Code 73121020 contributes 52.45% of Sub-Chapter 7312 exports — ranked #1 Among the 5 HSN codes under Sub-Chapter 7312, HSN Code 73121020 ranks #1 by export value — accounting for 52.45% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 23.63% share (rank #3). ## Related HSN Codes in Sub-Chapter 7312 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 73121020: Galvanised wire ropes (this hsn code) | ₹800 Cr | | #2 | [HSN Code 73121030: Stranded wire, ropes and cables : Stranded wire](https://busy.in/hsn/hsn-73121030/) | ₹318 Cr | | #3 | [HSN Code 73121010: Wire ropes, black](https://busy.in/hsn/hsn-73121010/) | ₹204 Cr | | #4 | [HSN Code 73129000: Stranded Wire of Iron or Steel](https://busy.in/hsn/hsn-73129000/) | ₹135 Cr | | #5 | [HSN Code 73121090: Stranded Wire, Ropes And Cables \| Other](https://busy.in/hsn/hsn-73121090/) | ₹69 Cr |