HSN Code 73129000: Stranded Wire of Iron or Steel
HSN Code 73129000 represents Stranded Wire of Iron or Steel under GST classification. This code helps businesses identify Stranded Wire of Iron or Steel 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 Stranded Wire of Iron or Steel.
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Description of Goods for HSN Code 73129000
HSN Code 73129000 relates to the following description.
What does HSN Code 73129000 not include?
Stranded Wire of Iron or Steel does not include products with the following descriptions.
Stranded wire, ropes and cables : Wire ropes, black
Stranded wire, ropes and cables : Wire ropes, galvanised
Stranded wire, ropes and cables : Stranded wire
Stranded wire, ropes and cables : Other
India’s Trade Performance — HSN Code 73129000 in FY 2024-25
India’s Exports
FY 2024-25₹135 Cr
0.0037% of India’s total exports
India’s Imports
FY 2024-25₹680 Cr
0.0112% of India’s total imports
Trade Balance
FY 2024-25−₹546 Cr
Surplus rank #11955 of 12657 HSN codes
% of Sub-Chapter 7312
FY 2024-258.85%
Share of Sub-Chapter 7312’s total exports in FY 2024-25
Import side: 24.14% of Sub-Chapter 7312’s imports
Rank Within Sub-Chapter 7312
FY 2024-25#4 of 5
Position by export value among HSN codes in Sub-Chapter 7312
Import-side rank: #2 of 5
At a glance
10.59%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2293
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+60.63%
Peak Growth Year
FY 2020-21 · strongest single-year move
8.85%
Contribution to Sub-Ch. 7312
Share of Sub-Chapter 7312 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
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
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
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
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
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
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
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
CAGR · 7-Year
Exports
10.59% /yr
Imports
2.14% /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 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).
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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 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.