--- title: "HSN Code for Stranded Wire of Iron or Steel | HSN 73129000 GST Rate" description: "Find HSN and GST Rates for 73129000 related to Stranded Wire of Iron or Steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-73129000/" --- # HSN Code 73129000: Stranded Wire of Iron or Steel - [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 | | --- | --- | --- | --- | --- | | Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 73129000 ? It includes Stainless steel machinery bands ### How much GST applies to Stranded Wire of Iron or Steel? Under HSN 73129000, Stranded Wire of Iron or Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Stranded Wire of Iron or Steel? 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 Stranded Wire of Iron or Steel? 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 Stranded Wire of Iron or Steel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Stranded Wire of Iron or Steel; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Stranded Wire of Iron or Steel? 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. ## India's trade performance: HSN Code 73129000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹135 Cr (+34.35% YoY) — 0.0037% of India's total exports - Imports: ₹680 Cr (−5.29% YoY) — 0.0112% of India's total imports - Trade balance: −₹546 Cr (Deficit); surplus rank #11955 of 12657 HSN codes - Share of Sub-Chapter 7312: 8.85% of its exports; import side 24.14% - Rank within Sub-Chapter 7312: #4 of 5 by export value; import-side #2 ### Key metrics - Export CAGR: 10.59% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2293 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +60.63% in FY 2020-21 - Contribution to Sub-Ch. 7312: 8.85% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 73129000 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 | 73.74 | 0.0032% | — | 9.14% | 599.04 | 0.0167% | — | 38.10% | −525.30 | #2355 | | FY 2019-20 | 45.72 | 0.0021% | −38.00% | 5.95% | 496.16 | 0.0148% | −17.17% | 35.53% | −450.44 | #3008 | | FY 2020-21 | 73.44 | 0.0034% | +60.63% | 9.54% | 526.36 | 0.0181% | +6.09% | 32.86% | −452.92 | #2421 | | FY 2021-22 | 71.98 | 0.0023% | −1.99% | 6.17% | 668.01 | 0.0146% | +26.91% | 29.69% | −596.03 | #2847 | | FY 2022-23 | 99.87 | 0.0028% | +38.75% | 6.47% | 755.94 | 0.0131% | +13.16% | 27.31% | −656.07 | #2532 | | FY 2023-24 | 100.38 | 0.0028% | +0.51% | 6.65% | 718.35 | 0.0128% | −4.97% | 26.69% | −617.97 | #2571 | | FY 2024-25 | 134.86 | 0.0037% | +34.35% | 8.85% | 680.38 | 0.0112% | −5.29% | 24.14% | −545.52 | #2293 | - CAGR (7-year): exports 10.59%/yr, imports 2.14%/yr (consistently Deficit) ## Key trade insights: HSN Code 73129000 export-import analysis ### Consistent export growth: 10.59% CAGR over 7 years India's exports under HSN Code 73129000 have grown at a compound annual rate of 10.59% over 7 fiscal years, rising from ₹73.74 Crore in FY 2018-19 to ₹134.86 Crore in FY 2024-25. ### HSN Code 73129000 ranked #2293 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 73129000 ranks #2293 out of 12657 HSN codes by total export value. Within Sub-Chapter 7312, it ranks #4 of 5. By trade surplus, it ranks #11955 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 73129000 exports The strongest single-year export movement for HSN Code 73129000 was recorded in FY 2020-21, when exports surged by 60.63% over the prior year. ### India records a trade deficit of ₹545.52 Crore in HSN Code 73129000 goods In FY 2024-25, India's imports of ₹680.38 Cr exceeded exports of ₹134.86 Cr, resulting in a trade deficit of ₹545.52 Crore — ranking #11955 of 12657 by surplus magnitude. ### Import growth of 2.14% CAGR signals stable import dependency for Stranded Wire of Iron or Steel India's imports under HSN Code 73129000 have grown at 2.14% CAGR, reaching ₹680.38 Crore in FY 2024-25. ### HSN Code 73129000 contributes 8.85% of Sub-Chapter 7312 exports — ranked #4 Among the 5 HSN codes under Sub-Chapter 7312, HSN Code 73129000 ranks #4 by export value — accounting for 8.85% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 24.14% share (rank #2). ## 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](https://busy.in/hsn/hsn-73121020/) | ₹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 (this hsn code) | ₹135 Cr | | #5 | [HSN Code 73121090: Stranded Wire, Ropes And Cables \| Other](https://busy.in/hsn/hsn-73121090/) | ₹69 Cr |