--- title: "HSN Code for Anchors, Grapnels & Parts Thereof of Iron or Steel | HSN 73160010 GST Rate" description: "Find HSN and GST Rates for 73160010 related to Anchors, Grapnels & Parts Thereof of Iron or Steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-73160010/" --- # HSN Code 73160010: Anchors, Grapnels & Parts Thereof 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 7316: Anchors, Grapnels & Parts (Iron/Steel)](https://busy.in/hsn/sub-chapter-7316/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Anchors, grapnels and parts thereof, of iron or steel : Anchors and grapnels | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 73160010 ? It includes Nails for heel strips ### How should mixed supplies be billed when Anchors, Grapnels & Parts Thereof 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 Anchors, Grapnels & Parts Thereof of Iron or Steel; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Anchors, Grapnels & Parts Thereof of Iron or Steel? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Anchors, Grapnels & Parts Thereof 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. ### How much GST applies to Anchors, Grapnels & Parts Thereof of Iron or Steel? Under HSN 73160010, Anchors, Grapnels & Parts Thereof of Iron or Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Anchors, Grapnels & Parts Thereof 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. ## India's trade performance: HSN Code 73160010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹53 Cr (−76.79% YoY) — 0.0014% of India's total exports - Imports: ₹17 Cr (+50.69% YoY) — 0.0003% of India's total imports - Trade balance: ₹36 Cr (Surplus); surplus rank #2406 of 12657 HSN codes - Share of Sub-Chapter 7316: 88.49% of its exports; import side 85.50% - Rank within Sub-Chapter 7316: #1 of 2 by export value; import-side #1 ### Key metrics - Export CAGR: 12.22% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3547 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +186.10% in FY 2020-21 - Contribution to Sub-Ch. 7316: 88.49% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 73160010 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. 7316 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7316 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 26.48 | 0.0012% | — | 85.61% | 20.06 | 0.0006% | — | 74.10% | +6.42 | #3733 | | FY 2019-20 | 47.28 | 0.0021% | +78.55% | 83.11% | 10.73 | 0.0003% | −46.51% | 76.48% | +36.55 | #2957 | | FY 2020-21 | 135.27 | 0.0063% | +186.10% | 95.61% | 14.36 | 0.0005% | +33.83% | 84.12% | +120.91 | #1760 | | FY 2021-22 | 220.33 | 0.0070% | +62.88% | 95.56% | 9.80 | 0.0002% | −31.75% | 76.74% | +210.53 | #1553 | | FY 2022-23 | 240.96 | 0.0067% | +9.36% | 92.50% | 6.60 | 0.0001% | −32.65% | 28.93% | +234.36 | #1540 | | FY 2023-24 | 227.91 | 0.0063% | −5.42% | 95.91% | 11.54 | 0.0002% | +74.85% | 54.36% | +216.37 | #1650 | | FY 2024-25 | 52.89 | 0.0014% | −76.79% | 88.49% | 17.39 | 0.0003% | +50.69% | 85.50% | +35.50 | #3547 | - CAGR (7-year): exports 12.22%/yr, imports -2.35%/yr (consistently Surplus) ## Key trade insights: HSN Code 73160010 export-import analysis ### Consistent export growth: 12.22% CAGR over 7 years India's exports under HSN Code 73160010 have grown at a compound annual rate of 12.22% over 7 fiscal years, rising from ₹26.48 Crore in FY 2018-19 to ₹52.89 Crore in FY 2024-25. ### HSN Code 73160010 ranked #3547 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 73160010 ranks #3547 out of 12657 HSN codes by total export value. Within Sub-Chapter 7316, it ranks #1 of 2. By trade surplus, it ranks #2406 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 73160010 exports The strongest single-year export movement for HSN Code 73160010 was recorded in FY 2020-21, when exports surged by 186.10% over the prior year. ### India maintains a trade surplus of ₹35.50 Crore in HSN Code 73160010 goods In FY 2024-25, India's exports of ₹52.89 Cr exceeded imports of ₹17.39 Cr, resulting in a trade surplus of ₹35.50 Crore — ranking #2406 of 12657 by surplus magnitude. ### Import growth of -2.35% CAGR signals stable import dependency for Anchors, Grapnels & Parts Thereof of Iron or Steel India's imports under HSN Code 73160010 have grown at -2.35% CAGR, reaching ₹17.39 Crore in FY 2024-25. ### HSN Code 73160010 contributes 88.49% of Sub-Chapter 7316 exports — ranked #1 Among the 2 HSN codes under Sub-Chapter 7316, HSN Code 73160010 ranks #1 by export value — accounting for 88.49% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 85.50% share (rank #1). ## Related HSN Codes in Sub-Chapter 7316 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 73160010: Anchors, Grapnels & Parts Thereof of Iron or Steel (this hsn code) | ₹53 Cr | | #2 | [HSN Code 73160090: Anchors and parts: Iron or steel](https://busy.in/hsn/hsn-73160090/) | ₹7 Cr |