HSN Code 73201020: Leaf-springs: Spring leaves

HSN Code 73201020 represents Leaf-springs: Spring leaves under GST classification. This code helps businesses identify Leaf-springs: Spring leaves correctly for billing, taxation, and trade. With HSN Code 73201020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Leaf-springs: Spring leaves.

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Description of Goods for HSN Code 73201020

HSN Code 73201020 relates to the following description.

Description of Goods

Leaf-springs and leaves therefor : Leaves for springs

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 73201020 not include?

Leaf-springs: Spring leaves 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 73201020 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

₹41 Cr

−7.60% vs FY 2023-24

0.0011% of India’s total exports

India’s Imports

FY 2024-25

₹10 Cr

+144.89% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

₹31 Cr

Trade Surplus

Surplus rank #2511 of 12657 HSN codes

% of Sub-Chapter 7320

FY 2024-25

4.08%

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

Import side: 0.78% of Sub-Chapter 7320’s imports

Rank Within Sub-Chapter 7320

FY 2024-25

#4 of 8

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

Import-side rank: #6 of 8

At a glance

−3.53%

Export CAGR

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

#3901

National Export Rank

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

+18.12%

Peak Growth Year

FY 2021-22 · strongest single-year move

4.08%

Contribution to Sub-Ch. 7320

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

India Export-Import Trade Statistics for HSN Code 73201020

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 #2837

Balance

+37.09

Exports

50.79 ₹ Cr

0.0022% share

— YoY

10.95% of Sub-Ch. 7320

Imports

13.70 ₹ Cr

0.0004% share

— YoY

1.49% of Sub-Ch. 7320

FY 2019-20 Exp. Rank #2939

Balance

+39.99

Exports

47.82 ₹ Cr

0.0022% share

−5.85% YoY

11.18% of Sub-Ch. 7320

Imports

7.83 ₹ Cr

0.0002% share

−42.85% YoY

0.91% of Sub-Ch. 7320

FY 2020-21 Exp. Rank #3107

Balance

+41.12

Exports

44.26 ₹ Cr

0.0021% share

−7.44% YoY

8.59% of Sub-Ch. 7320

Imports

3.14 ₹ Cr

0.0001% share

−59.90% YoY

0.37% of Sub-Ch. 7320

FY 2021-22 Exp. Rank #3308

Balance

+50.92

Exports

52.28 ₹ Cr

0.0017% share

+18.12% YoY

7.37% of Sub-Ch. 7320

Imports

1.36 ₹ Cr

0.0000% share

−56.69% YoY

0.14% of Sub-Ch. 7320

FY 2022-23 Exp. Rank #3610

Balance

+40.64

Exports

45.51 ₹ Cr

0.0013% share

−12.95% YoY

6.66% of Sub-Ch. 7320

Imports

4.87 ₹ Cr

0.0001% share

+258.09% YoY

0.41% of Sub-Ch. 7320

FY 2023-24 Exp. Rank #3701

Balance

+40.11

Exports

44.32 ₹ Cr

0.0012% share

−2.61% YoY

5.96% of Sub-Ch. 7320

Imports

4.21 ₹ Cr

0.0001% share

−13.55% YoY

0.34% of Sub-Ch. 7320

FY 2024-25 Exp. Rank #3901

Balance

+30.64

Exports

40.95 ₹ Cr

0.0011% share

−7.60% YoY

4.08% of Sub-Ch. 7320

Imports

10.31 ₹ Cr

0.0002% share

+144.89% YoY

0.78% of Sub-Ch. 7320

CAGR · 7-Year

Exports

−3.53% /yr

Imports

−4.63% /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 73201020 Export-Import Analysis

Export Decline: −3.53% CAGR Over 7 Years

India's exports under HSN Code 73201020 have declined at a compound annual rate of −3.53% over 7 fiscal years, falling from ₹50.79 Crore in FY 2018-19 to ₹40.95 Crore in FY 2024-25.

HSN Code 73201020 Ranked #3901 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73201020 ranks #3901 out of 12657 HSN codes by total export value. Within Sub-Chapter 7320, it ranks #4 of 8. By trade surplus, it ranks #2511 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 73201020 Exports

The strongest single-year export movement for HSN Code 73201020 was recorded in FY 2021-22, when exports surged by 18.12% over the prior year.

India Maintains a Trade Surplus of ₹30.64 Crore in HSN Code 73201020 Goods

In FY 2024-25, India's exports of ₹40.95 Cr exceeded imports of ₹10.31 Cr, resulting in a trade surplus of ₹30.64 Crore — ranking #2511 of 12657 by surplus magnitude.

Import Growth of −4.63% CAGR Signals Stable Import Dependency for Leaf-springs: Spring leaves

India's imports under HSN Code 73201020 have grown at −4.63% CAGR, reaching ₹10.31 Crore in FY 2024-25.

HSN Code 73201020 Contributes 4.08% of Sub-Chapter 7320 Exports — Ranked #4

Among the 8 HSN codes under Sub-Chapter 7320, HSN Code 73201020 ranks #4 by export value — accounting for 4.08% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.78% share (rank #6).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73201020 and GST compliance.

What products are classified under HSN 73201020 ?

It includes Other | Spring Pins

Do e‑way bill and e‑invoice apply for Leaf-springs: Spring leaves?

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 Leaf-springs: Spring leaves?

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 should mixed supplies be billed when Leaf-springs: Spring leaves is sold with other items?

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

Can we claim ITC on inputs used to trade Leaf-springs: Spring leaves?

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

Any common misclassification issue with Leaf-springs: Spring leaves?

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.