HSN Code 73151210: Lifting & Hoisting Chain

HSN Code 73151210 represents Lifting & Hoisting Chain under GST classification. This code helps businesses identify Lifting & Hoisting Chain correctly for billing, taxation, and trade. With HSN Code 73151210, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Lifting & Hoisting Chain.

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Description of Goods for HSN Code 73151210

HSN Code 73151210 relates to the following description.

Description of Goods

Articulated link chain and parts thereof : Other chain : Lifting and hoisting chain

Chapter

73 - Articles of iron or steel

Sub Chapter

7315 - Chain and parts thereof, of iron or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73151210 not include?

Lifting & Hoisting Chain does not include products with the following descriptions.

India’s Trade Performance — HSN Code 73151210 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹47 Cr

−10.83% vs FY 2023-24

0.0013% of India’s total exports

India’s Imports

FY 2024-25

₹23 Cr

+2.54% vs FY 2023-24

0.0004% of India’s total imports

Trade Balance

FY 2024-25

₹24 Cr

Trade Surplus

Surplus rank #2703 of 12657 HSN codes

% of Sub-Chapter 7315

FY 2024-25

7.87%

Share of Sub-Chapter 7315’s total exports in FY 2024-25

Import side: 2.68% of Sub-Chapter 7315’s imports

Rank Within Sub-Chapter 7315

FY 2024-25

#5 of 10

Position by export value among HSN codes in Sub-Chapter 7315

Import-side rank: #8 of 10

At a glance

21.43%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#3709

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+99.41%

Peak Growth Year

FY 2020-21 · strongest single-year move

7.87%

Contribution to Sub-Ch. 7315

Share of Sub-Chapter 7315 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 73151210

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #4519

Balance

+6.86

Exports

14.51 ₹ Cr

0.0006% share

— YoY

4.20% of Sub-Ch. 7315

Imports

7.65 ₹ Cr

0.0002% share

— YoY

1.37% of Sub-Ch. 7315

FY 2019-20 Exp. Rank #4632

Balance

+2.36

Exports

13.54 ₹ Cr

0.0006% share

−6.69% YoY

3.83% of Sub-Ch. 7315

Imports

11.18 ₹ Cr

0.0003% share

+46.14% YoY

2.34% of Sub-Ch. 7315

FY 2020-21 Exp. Rank #3799

Balance

+16.29

Exports

27.00 ₹ Cr

0.0013% share

+99.41% YoY

8.02% of Sub-Ch. 7315

Imports

10.71 ₹ Cr

0.0004% share

−4.20% YoY

1.73% of Sub-Ch. 7315

FY 2021-22 Exp. Rank #3388

Balance

+38.59

Exports

49.02 ₹ Cr

0.0016% share

+81.56% YoY

9.80% of Sub-Ch. 7315

Imports

10.43 ₹ Cr

0.0002% share

−2.61% YoY

1.84% of Sub-Ch. 7315

FY 2022-23 Exp. Rank #3298

Balance

+39.25

Exports

57.00 ₹ Cr

0.0016% share

+16.28% YoY

10.42% of Sub-Ch. 7315

Imports

17.75 ₹ Cr

0.0003% share

+70.18% YoY

2.67% of Sub-Ch. 7315

FY 2023-24 Exp. Rank #3472

Balance

+30.08

Exports

52.16 ₹ Cr

0.0014% share

−8.49% YoY

9.85% of Sub-Ch. 7315

Imports

22.08 ₹ Cr

0.0004% share

+24.39% YoY

3.10% of Sub-Ch. 7315

FY 2024-25 Exp. Rank #3709

Balance

+23.87

Exports

46.51 ₹ Cr

0.0013% share

−10.83% YoY

7.87% of Sub-Ch. 7315

Imports

22.64 ₹ Cr

0.0004% share

+2.54% YoY

2.68% of Sub-Ch. 7315

CAGR · 7-Year

Exports

21.43% /yr

Imports

19.82% /yr

Consistently Surplus
Sub-Chapter 7315 total

reference, FY 2024-25

Export

₹590.76 Cr

Import

₹845.26 Cr

Trade Balance

−254.50

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

Key Trade Insights: HSN Code 73151210 Export-Import Analysis

Consistent Export Growth: 21.43% CAGR Over 7 Years

India's exports under HSN Code 73151210 have grown at a compound annual rate of 21.43% over 7 fiscal years, rising from ₹14.51 Crore in FY 2018-19 to ₹46.51 Crore in FY 2024-25.

HSN Code 73151210 Ranked #3709 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73151210 ranks #3709 out of 12657 HSN codes by total export value. Within Sub-Chapter 7315, it ranks #5 of 10. By trade surplus, it ranks #2703 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 73151210 Exports

The strongest single-year export movement for HSN Code 73151210 was recorded in FY 2020-21, when exports surged by 99.41% over the prior year.

India Maintains a Trade Surplus of ₹23.87 Crore in HSN Code 73151210 Goods

In FY 2024-25, India's exports of ₹46.51 Cr exceeded imports of ₹22.64 Cr, resulting in a trade surplus of ₹23.87 Crore — ranking #2703 of 12657 by surplus magnitude.

Import Growth of 19.82% CAGR Signals Rising Demand for Lifting & Hoisting Chain

India's imports under HSN Code 73151210 have grown at 19.82% CAGR, reaching ₹22.64 Crore in FY 2024-25.

HSN Code 73151210 Contributes 7.87% of Sub-Chapter 7315 Exports — Ranked #5

Among the 10 HSN codes under Sub-Chapter 7315, HSN Code 73151210 ranks #5 by export value — accounting for 7.87% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.68% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73151210 and GST compliance.

What products are classified under HSN 73151210 ?

It includes Chain Parts

How should mixed supplies be billed when Lifting & Hoisting Chain is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Lifting & Hoisting Chain; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Lifting & Hoisting Chain?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to Lifting & Hoisting Chain?

Under HSN 73151210, Lifting & Hoisting Chain attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Lifting & Hoisting Chain?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Lifting & Hoisting Chain?

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.

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.