HSN Code 73160090: Anchors and parts: Iron or steel

HSN Code 73160090 represents Anchors and parts: Iron or steel under GST classification. This code helps businesses identify Anchors and parts: Iron or steel correctly for billing, taxation, and trade. With HSN Code 73160090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Anchors and parts: Iron or steel.

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Description of Goods for HSN Code 73160090

HSN Code 73160090 relates to the following description.

Description of Goods

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

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 73160090 not include?

Anchors and parts: Iron or steel does not include products with the following descriptions.

HSN Code 73160010

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

India’s Trade Performance — HSN Code 73160090 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

₹7 Cr

−29.15% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

−69.45% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹4 Cr

Trade Surplus

Surplus rank #3870 of 12657 HSN codes

% of Sub-Chapter 7316

FY 2024-25

11.51%

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

Import side: 14.55% of Sub-Chapter 7316’s imports

Rank Within Sub-Chapter 7316

FY 2024-25

#2 of 2

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

Import-side rank: #2 of 2

At a glance

7.53%

Export CAGR

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

#6243

National Export Rank

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

+115.73%

Peak Growth Year

FY 2019-20 · strongest single-year move

11.51%

Contribution to Sub-Ch. 7316

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

India Export-Import Trade Statistics for HSN Code 73160090

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 #6005

Balance

−2.56

Exports

4.45 ₹ Cr

0.0002% share

— YoY

14.39% of Sub-Ch. 7316

Imports

7.01 ₹ Cr

0.0002% share

— YoY

25.90% of Sub-Ch. 7316

FY 2019-20 Exp. Rank #5067

Balance

+6.30

Exports

9.60 ₹ Cr

0.0004% share

+115.73% YoY

16.87% of Sub-Ch. 7316

Imports

3.30 ₹ Cr

0.0001% share

−52.92% YoY

23.52% of Sub-Ch. 7316

FY 2020-21 Exp. Rank #5661

Balance

+3.49

Exports

6.21 ₹ Cr

0.0003% share

−35.31% YoY

4.39% of Sub-Ch. 7316

Imports

2.72 ₹ Cr

0.0001% share

−17.58% YoY

15.93% of Sub-Ch. 7316

FY 2021-22 Exp. Rank #5449

Balance

+7.27

Exports

10.24 ₹ Cr

0.0003% share

+64.90% YoY

4.44% of Sub-Ch. 7316

Imports

2.97 ₹ Cr

0.0001% share

+9.19% YoY

23.26% of Sub-Ch. 7316

FY 2022-23 Exp. Rank #4697

Balance

+3.34

Exports

19.55 ₹ Cr

0.0005% share

+90.92% YoY

7.50% of Sub-Ch. 7316

Imports

16.21 ₹ Cr

0.0003% share

+445.79% YoY

71.07% of Sub-Ch. 7316

FY 2023-24 Exp. Rank #5767

Balance

+0.02

Exports

9.71 ₹ Cr

0.0003% share

−50.33% YoY

4.09% of Sub-Ch. 7316

Imports

9.69 ₹ Cr

0.0002% share

−40.22% YoY

45.64% of Sub-Ch. 7316

FY 2024-25 Exp. Rank #6243

Balance

+3.92

Exports

6.88 ₹ Cr

0.0002% share

−29.15% YoY

11.51% of Sub-Ch. 7316

Imports

2.96 ₹ Cr

0.0000% share

−69.45% YoY

14.55% of Sub-Ch. 7316

CAGR · 7-Year

Exports

7.53% /yr

Imports

−13.38% /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 73160090 Export-Import Analysis

Consistent Export Growth: 7.53% CAGR Over 7 Years

India's exports under HSN Code 73160090 have grown at a compound annual rate of 7.53% over 7 fiscal years, rising from ₹4.45 Crore in FY 2018-19 to ₹6.88 Crore in FY 2024-25.

HSN Code 73160090 Ranked #6243 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73160090 ranks #6243 out of 12657 HSN codes by total export value. Within Sub-Chapter 7316, it ranks #2 of 2. By trade surplus, it ranks #3870 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 73160090 Exports

The strongest single-year export movement for HSN Code 73160090 was recorded in FY 2019-20, when exports surged by 115.73% over the prior year.

India Maintains a Trade Surplus of ₹3.92 Crore in HSN Code 73160090 Goods

In FY 2024-25, India's exports of ₹6.88 Cr exceeded imports of ₹2.96 Cr, resulting in a trade surplus of ₹3.92 Crore — ranking #3870 of 12657 by surplus magnitude.

Import Growth of −13.38% CAGR Signals Stable Import Dependency for Anchors and parts: Iron or steel

India's imports under HSN Code 73160090 have grown at −13.38% CAGR, reaching ₹2.96 Crore in FY 2024-25.

HSN Code 73160090 Contributes 11.51% of Sub-Chapter 7316 Exports — Ranked #2

Among the 2 HSN codes under Sub-Chapter 7316, HSN Code 73160090 ranks #2 by export value — accounting for 11.51% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 14.55% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73160090 and GST compliance.

What products are classified under HSN 73160090 ?

It includes Iron/Steel Wire Nails

Any common misclassification issue with Anchors and parts: 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.

Do e‑way bill and e‑invoice apply for Anchors and parts: 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.

Does packaging or labelling change the GST for Anchors and parts: 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 and parts: Iron or steel?

Under HSN 73160090, Anchors and parts: Iron or steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Anchors and parts: 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 and parts: Iron or steel; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Anchors and parts: 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.

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.