HSN Code 73160010: Anchors, Grapnels & Parts Thereof of Iron or Steel

HSN Code 73160010 represents Anchors, Grapnels & Parts Thereof of Iron or Steel under GST classification. This code helps businesses identify Anchors, Grapnels & Parts Thereof of Iron or Steel correctly for billing, taxation, and trade. With HSN Code 73160010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Anchors, Grapnels & Parts Thereof of Iron or Steel.

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Description of Goods for HSN Code 73160010

HSN Code 73160010 relates to the following description.

Description of Goods

Anchors, grapnels and parts thereof, of iron or steel : Anchors and grapnels

Chapter

73 - Articles of iron or steel

Sub Chapter

7316 - Anchors, grapnels and parts thereof, of iron or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73160010 not include?

Anchors, Grapnels & Parts Thereof of Iron or Steel does not include products with the following descriptions.

India’s Trade Performance — HSN Code 73160010 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

₹53 Cr

−76.79% vs FY 2023-24

0.0014% of India’s total exports

India’s Imports

FY 2024-25

₹17 Cr

+50.69% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

₹36 Cr

Trade Surplus

Surplus rank #2406 of 12657 HSN codes

% of Sub-Chapter 7316

FY 2024-25

88.49%

Share of Sub-Chapter 7316’s total exports in FY 2024-25

Import side: 85.50% of Sub-Chapter 7316’s imports

Rank Within Sub-Chapter 7316

FY 2024-25

#1 of 2

Position by export value among HSN codes in Sub-Chapter 7316

Import-side rank: #1 of 2

At a glance

12.22%

Export CAGR

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

#3547

National Export Rank

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

+186.10%

Peak Growth Year

FY 2020-21 · strongest single-year move

88.49%

Contribution to Sub-Ch. 7316

Share of Sub-Chapter 7316 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3733

Balance

+6.42

Exports

26.48 ₹ Cr

0.0012% share

— YoY

85.61% of Sub-Ch. 7316

Imports

20.06 ₹ Cr

0.0006% share

— YoY

74.10% of Sub-Ch. 7316

FY 2019-20 Exp. Rank #2957

Balance

+36.55

Exports

47.28 ₹ Cr

0.0021% share

+78.55% YoY

83.11% of Sub-Ch. 7316

Imports

10.73 ₹ Cr

0.0003% share

−46.51% YoY

76.48% of Sub-Ch. 7316

FY 2020-21 Exp. Rank #1760

Balance

+120.91

Exports

135.27 ₹ Cr

0.0063% share

+186.10% YoY

95.61% of Sub-Ch. 7316

Imports

14.36 ₹ Cr

0.0005% share

+33.83% YoY

84.12% of Sub-Ch. 7316

FY 2021-22 Exp. Rank #1553

Balance

+210.53

Exports

220.33 ₹ Cr

0.0070% share

+62.88% YoY

95.56% of Sub-Ch. 7316

Imports

9.80 ₹ Cr

0.0002% share

−31.75% YoY

76.74% of Sub-Ch. 7316

FY 2022-23 Exp. Rank #1540

Balance

+234.36

Exports

240.96 ₹ Cr

0.0067% share

+9.36% YoY

92.50% of Sub-Ch. 7316

Imports

6.60 ₹ Cr

0.0001% share

−32.65% YoY

28.93% of Sub-Ch. 7316

FY 2023-24 Exp. Rank #1650

Balance

+216.37

Exports

227.91 ₹ Cr

0.0063% share

−5.42% YoY

95.91% of Sub-Ch. 7316

Imports

11.54 ₹ Cr

0.0002% share

+74.85% YoY

54.36% of Sub-Ch. 7316

FY 2024-25 Exp. Rank #3547

Balance

+35.50

Exports

52.89 ₹ Cr

0.0014% share

−76.79% YoY

88.49% of Sub-Ch. 7316

Imports

17.39 ₹ Cr

0.0003% share

+50.69% YoY

85.50% of Sub-Ch. 7316

CAGR · 7-Year

Exports

12.22% /yr

Imports

−2.35% /yr

Consistently Surplus
Sub-Chapter 7316 total

reference, FY 2024-25

Export

₹59.77 Cr

Import

₹20.34 Cr

Trade Balance

+39.43

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73160010 and GST compliance.

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.

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.