HSN Code 73201011: Leaf-springs for vehicles

HSN Code 73201011 represents Leaf-springs for vehicles under GST classification. This code helps businesses identify Leaf-springs for vehicles correctly for billing, taxation, and trade. With HSN Code 73201011, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Leaf-springs for vehicles.

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Description of Goods for HSN Code 73201011

HSN Code 73201011 relates to the following description.

Description of Goods

Leaf-springs and leaves therefor : Leaf-springs : For motor vehicles

Chapter

73 - Articles of iron or steel

Sub Chapter

7320 - Springs and leaves for springs, of iron or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73201011 not include?

Leaf-springs for vehicles does not include products with the following descriptions.

HSN Code 73201012

Leaf-springs and leaves therefor : Leaf-springs : For railways and tramways

India’s Trade Performance — HSN Code 73201011 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

₹514 Cr

+38.54% vs FY 2023-24

0.0140% of India’s total exports

India’s Imports

FY 2024-25

₹122 Cr

−4.32% vs FY 2023-24

0.0020% of India’s total imports

Trade Balance

FY 2024-25

₹391 Cr

Trade Surplus

Surplus rank #764 of 12657 HSN codes

% of Sub-Chapter 7320

FY 2024-25

51.16%

Share of Sub-Chapter 7320’s total exports in FY 2024-25

Import side: 9.20% of Sub-Chapter 7320’s imports

Rank Within Sub-Chapter 7320

FY 2024-25

#1 of 8

Position by export value among HSN codes in Sub-Chapter 7320

Import-side rank: #3 of 8

At a glance

16.59%

Export CAGR

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

#993

National Export Rank

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

+44.09%

Peak Growth Year

FY 2020-21 · strongest single-year move

51.16%

Contribution to Sub-Ch. 7320

Share of Sub-Chapter 7320 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 73201011

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 #1295

Balance

+100.77

Exports

204.56 ₹ Cr

0.0090% share

— YoY

44.09% of Sub-Ch. 7320

Imports

103.79 ₹ Cr

0.0029% share

— YoY

11.25% of Sub-Ch. 7320

FY 2019-20 Exp. Rank #1343

Balance

+110.82

Exports

196.60 ₹ Cr

0.0089% share

−3.89% YoY

45.95% of Sub-Ch. 7320

Imports

85.78 ₹ Cr

0.0026% share

−17.35% YoY

10.02% of Sub-Ch. 7320

FY 2020-21 Exp. Rank #1065

Balance

+181.33

Exports

283.29 ₹ Cr

0.0132% share

+44.09% YoY

54.99% of Sub-Ch. 7320

Imports

101.96 ₹ Cr

0.0035% share

+18.86% YoY

12.11% of Sub-Ch. 7320

FY 2021-22 Exp. Rank #1066

Balance

+293.07

Exports

382.95 ₹ Cr

0.0122% share

+35.18% YoY

53.96% of Sub-Ch. 7320

Imports

89.88 ₹ Cr

0.0020% share

−11.85% YoY

9.34% of Sub-Ch. 7320

FY 2022-23 Exp. Rank #1233

Balance

+221.08

Exports

335.69 ₹ Cr

0.0093% share

−12.34% YoY

49.13% of Sub-Ch. 7320

Imports

114.61 ₹ Cr

0.0020% share

+27.51% YoY

9.66% of Sub-Ch. 7320

FY 2023-24 Exp. Rank #1221

Balance

+242.98

Exports

370.85 ₹ Cr

0.0102% share

+10.47% YoY

49.86% of Sub-Ch. 7320

Imports

127.87 ₹ Cr

0.0023% share

+11.57% YoY

10.46% of Sub-Ch. 7320

FY 2024-25 Exp. Rank #993

Balance

+391.44

Exports

513.78 ₹ Cr

0.0140% share

+38.54% YoY

51.16% of Sub-Ch. 7320

Imports

122.34 ₹ Cr

0.0020% share

−4.32% YoY

9.20% of Sub-Ch. 7320

CAGR · 7-Year

Exports

16.59% /yr

Imports

2.78% /yr

Consistently Surplus
Sub-Chapter 7320 total

reference, FY 2024-25

Export

₹1,004.21 Cr

Import

₹1,329.93 Cr

Trade Balance

−325.72

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

Key Trade Insights: HSN Code 73201011 Export-Import Analysis

Consistent Export Growth: 16.59% CAGR Over 7 Years

India's exports under HSN Code 73201011 have grown at a compound annual rate of 16.59% over 7 fiscal years, rising from ₹204.56 Crore in FY 2018-19 to ₹513.78 Crore in FY 2024-25.

HSN Code 73201011 Ranked #993 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73201011 ranks #993 out of 12657 HSN codes by total export value. Within Sub-Chapter 7320, it ranks #1 of 8. By trade surplus, it ranks #764 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 73201011 Exports

The strongest single-year export movement for HSN Code 73201011 was recorded in FY 2020-21, when exports surged by 44.09% over the prior year.

India Maintains a Trade Surplus of ₹391.44 Crore in HSN Code 73201011 Goods

In FY 2024-25, India's exports of ₹513.78 Cr exceeded imports of ₹122.34 Cr, resulting in a trade surplus of ₹391.44 Crore — ranking #764 of 12657 by surplus magnitude.

Import Growth of 2.78% CAGR Signals Stable Import Dependency for Leaf-springs for vehicles

India's imports under HSN Code 73201011 have grown at 2.78% CAGR, reaching ₹122.34 Crore in FY 2024-25.

HSN Code 73201011 Contributes 51.16% of Sub-Chapter 7320 Exports — Ranked #1

Among the 8 HSN codes under Sub-Chapter 7320, HSN Code 73201011 ranks #1 by export value — accounting for 51.16% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 9.20% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73201011 and GST compliance.

What products are classified under HSN 73201011 ?

It includes Leaf-springs: Spring leaves

Any common misclassification issue with Leaf-springs for vehicles?

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 Leaf-springs for vehicles is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Leaf-springs for vehicles; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Leaf-springs for vehicles?

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.

Can we claim ITC on inputs used to trade Leaf-springs for vehicles?

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 Leaf-springs for vehicles?

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 Leaf-springs for vehicles?

Under HSN 73201011, Leaf-springs for vehicles attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.