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HSN Code 73129000: Iron or Steel Plaited Bands, Slings and Similar Articles

HSN Code 73129000 represents Iron or Steel Plaited Bands, Slings and Similar Articles under GST classification. This code helps businesses identify Iron or Steel Plaited Bands, Slings and Similar Articles correctly for billing, taxation, and trade. With HSN Code 73129000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron or Steel Plaited Bands, Slings and Similar Articles.

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Description of Goods for HSN Code 73129000

HSN Code 73129000 relates to the following description.

Description of Goods

Other

Chapter

73 - Articles of iron or steel

Sub Chapter

7312 - Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73129000 not include?

Iron or Steel Plaited Bands, Slings and Similar Articles does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 73129000 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹159 Cr

+18.10% vs FY 2024-25

0.0041% of India’s total exports

India’s Imports

FY 2025-26

₹596 Cr

−12.34% vs FY 2024-25

0.0087% of India’s total imports

Trade Balance

FY 2025-26

−₹437 Cr

Trade Deficit

Surplus rank #11916 of 12872 HSN codes

% of Sub-Chapter 7312

FY 2025-26

10.06%

Share of Sub-Chapter 7312’s total exports in FY 2025-26

Import side: 22.02% of Sub-Chapter 7312’s imports

Rank Within Sub-Chapter 7312

FY 2025-26

#4 of 5

Position by export value among HSN codes in Sub-Chapter 7312

Import-side rank: #2 of 5

At a glance

11.63%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#2241

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+60.63%

Peak Growth Year

FY 2020-21 · strongest single-year move

10.06%

Contribution to Sub-Ch. 7312

Share of Sub-Chapter 7312 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 73129000

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #2355

Balance

−525.30

Exports

73.74 ₹ Cr

0.0032% share

— YoY

9.14% of Sub-Ch. 7312

Imports

599.04 ₹ Cr

0.0167% share

— YoY

38.10% of Sub-Ch. 7312

FY 2019-20 Exp. Rank #3008

Balance

−450.44

Exports

45.72 ₹ Cr

0.0021% share

−38.00% YoY

5.95% of Sub-Ch. 7312

Imports

496.16 ₹ Cr

0.0148% share

−17.17% YoY

35.53% of Sub-Ch. 7312

FY 2020-21 Exp. Rank #2421

Balance

−452.92

Exports

73.44 ₹ Cr

0.0034% share

+60.63% YoY

9.54% of Sub-Ch. 7312

Imports

526.36 ₹ Cr

0.0181% share

+6.09% YoY

32.86% of Sub-Ch. 7312

FY 2021-22 Exp. Rank #2847

Balance

−596.03

Exports

71.98 ₹ Cr

0.0023% share

−1.99% YoY

6.17% of Sub-Ch. 7312

Imports

668.01 ₹ Cr

0.0146% share

+26.91% YoY

29.69% of Sub-Ch. 7312

FY 2022-23 Exp. Rank #2532

Balance

−656.07

Exports

99.87 ₹ Cr

0.0028% share

+38.75% YoY

6.47% of Sub-Ch. 7312

Imports

755.94 ₹ Cr

0.0131% share

+13.16% YoY

27.31% of Sub-Ch. 7312

FY 2023-24 Exp. Rank #2571

Balance

−617.97

Exports

100.38 ₹ Cr

0.0028% share

+0.51% YoY

6.65% of Sub-Ch. 7312

Imports

718.35 ₹ Cr

0.0128% share

−4.97% YoY

26.69% of Sub-Ch. 7312

FY 2024-25 Exp. Rank #2293

Balance

−545.52

Exports

134.86 ₹ Cr

0.0037% share

+34.35% YoY

8.85% of Sub-Ch. 7312

Imports

680.38 ₹ Cr

0.0112% share

−5.29% YoY

24.14% of Sub-Ch. 7312

FY 2025-26 Exp. Rank #2241

Balance

−437.18

Exports

159.27 ₹ Cr

0.0041% share

+18.10% YoY

10.06% of Sub-Ch. 7312

Imports

596.45 ₹ Cr

0.0087% share

−12.34% YoY

22.02% of Sub-Ch. 7312

CAGR · 8-Year

Exports

11.63% /yr

Imports

−0.06% /yr

Consistently Deficit
Sub-Chapter 7312 total

reference, FY 2025-26

Export

₹1,583.32 Cr

Import

₹2,708.93 Cr

Trade Balance

−1,125.61

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 73129000 Export-Import Analysis

Consistent Export Growth: 11.63% CAGR Over 8 Years

India's exports under HSN Code 73129000 have grown at a compound annual rate of 11.63% over 8 fiscal years, rising from ₹73.74 Crore in FY 2018-19 to ₹159.27 Crore in FY 2025-26.

HSN Code 73129000 Ranked #2241 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 73129000 ranks #2241 out of 12872 HSN codes by total export value. Within Sub-Chapter 7312, it ranks #4 of 5. By trade surplus, it ranks #11916 of 12872.

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 ₹437.18 Crore in HSN Code 73129000 Goods

In FY 2025-26, India's imports of ₹596.45 Cr exceeded exports of ₹159.27 Cr, resulting in a trade deficit of ₹437.18 Crore — ranking #11916 of 12872 by surplus magnitude.

Import Growth of −0.06% CAGR Signals Stable Import Dependency for Iron or Steel Plaited Bands, Slings and Similar Articles

India's imports under HSN Code 73129000 have grown at −0.06% CAGR, reaching ₹596.45 Crore in FY 2025-26.

HSN Code 73129000 Contributes 10.06% 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 10.06% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 22.02% share (rank #2).

Frequently Asked Questions

Clear answers to common queries about HSN Code 73129000 and GST compliance.

What products are classified under HSN 73129000 ?

It includes Stainless steel machinery bands

How much GST applies to Iron or Steel Plaited Bands, Slings and Similar Articles?

Under HSN 73129000, Iron or Steel Plaited Bands, Slings and Similar Articles attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Iron or Steel Plaited Bands, Slings and Similar Articles?

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 Iron or Steel Plaited Bands, Slings and Similar Articles?

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 Iron or Steel Plaited Bands, Slings and Similar Articles is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Iron or Steel Plaited Bands, Slings and Similar Articles; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Iron or Steel Plaited Bands, Slings and Similar Articles?

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.

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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.