HSN Code 73121020: Galvanised wire ropes
HSN Code 73121020 represents Galvanised wire ropes under GST classification. This code helps businesses identify Galvanised wire ropes correctly for billing, taxation, and trade. With HSN Code 73121020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Galvanised wire ropes.
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Description of Goods for HSN Code 73121020
HSN Code 73121020 relates to the following description.
What does HSN Code 73121020 not include?
Galvanised wire ropes does not include products with the following descriptions.
Stranded wire, ropes and cables : Wire ropes, black
Stranded wire, ropes and cables : Stranded wire
Stranded wire, ropes and cables : Other
Other
India’s Trade Performance — HSN Code 73121020 in FY 2024-25
India’s Exports
FY 2024-25₹800 Cr
0.0217% of India’s total exports
India’s Imports
FY 2024-25₹666 Cr
0.0110% of India’s total imports
Trade Balance
FY 2024-25₹134 Cr
Surplus rank #1403 of 12657 HSN codes
% of Sub-Chapter 7312
FY 2024-2552.45%
Share of Sub-Chapter 7312’s total exports in FY 2024-25
Import side: 23.63% of Sub-Chapter 7312’s imports
Rank Within Sub-Chapter 7312
FY 2024-25#1 of 5
Position by export value among HSN codes in Sub-Chapter 7312
Import-side rank: #3 of 5
At a glance
16.14%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#639
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+53.11%
Peak Growth Year
FY 2022-23 · strongest single-year move
52.45%
Contribution to Sub-Ch. 7312
Share of Sub-Chapter 7312 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+21.49
Exports
325.92 ₹ Cr
0.0143% share
— YoY
40.38% of Sub-Ch. 7312
Imports
304.43 ₹ Cr
0.0085% share
— YoY
19.36% of Sub-Ch. 7312
Balance
+92.46
Exports
347.18 ₹ Cr
0.0158% share
+6.52% YoY
45.18% of Sub-Ch. 7312
Imports
254.72 ₹ Cr
0.0076% share
−16.33% YoY
18.24% of Sub-Ch. 7312
Balance
+27.81
Exports
360.33 ₹ Cr
0.0168% share
+3.79% YoY
46.80% of Sub-Ch. 7312
Imports
332.52 ₹ Cr
0.0114% share
+30.54% YoY
20.76% of Sub-Ch. 7312
Balance
+3.66
Exports
525.61 ₹ Cr
0.0167% share
+45.87% YoY
45.04% of Sub-Ch. 7312
Imports
521.95 ₹ Cr
0.0114% share
+56.97% YoY
23.20% of Sub-Ch. 7312
Balance
+245.60
Exports
804.77 ₹ Cr
0.0222% share
+53.11% YoY
52.13% of Sub-Ch. 7312
Imports
559.17 ₹ Cr
0.0097% share
+7.13% YoY
20.20% of Sub-Ch. 7312
Balance
+220.26
Exports
774.32 ₹ Cr
0.0214% share
−3.78% YoY
51.31% of Sub-Ch. 7312
Imports
554.06 ₹ Cr
0.0099% share
−0.91% YoY
20.59% of Sub-Ch. 7312
Balance
+133.58
Exports
799.71 ₹ Cr
0.0217% share
+3.28% YoY
52.45% of Sub-Ch. 7312
Imports
666.13 ₹ Cr
0.0110% share
+20.23% YoY
23.63% of Sub-Ch. 7312
CAGR · 7-Year
Exports
16.14% /yr
Imports
13.94% /yr
reference, FY 2024-25
Export
₹1,524.62 Cr
Import
₹2,818.91 Cr
Trade Balance
−1,294.29
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 73121020 and GST compliance.
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.