HSN Code 73231000: Iron/Steel Wool & Scouring/Polishing Pads/Gloves

HSN Code 73231000 represents Iron/Steel Wool & Scouring/Polishing Pads/Gloves under GST classification. This code helps businesses identify Iron/Steel Wool & Scouring/Polishing Pads/Gloves correctly for billing, taxation, and trade. With HSN Code 73231000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron/Steel Wool & Scouring/Polishing Pads/Gloves.

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Description of Goods for HSN Code 73231000

HSN Code 73231000 relates to the following description.

Description of Goods

Iron or steel wool; pot scourers and scouring or polishing pads, gloves and the like

Chapter

73 - Articles of iron or steel

Sub Chapter

7323 - Table, kitchen or other household articles and parts thereof, of iron or steel; iron or steel wool; pot scourers and scouring or polishing pads, gloves and the like, of iron or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73231000 not include?

Iron/Steel Wool & Scouring/Polishing Pads/Gloves does not include products with the following descriptions.

India’s Trade Performance — HSN Code 73231000 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

₹66 Cr

+24.06% vs FY 2023-24

0.0018% of India’s total exports

India’s Imports

FY 2024-25

₹17 Cr

+70.81% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

₹49 Cr

Trade Surplus

Surplus rank #2183 of 12657 HSN codes

% of Sub-Chapter 7323

FY 2024-25

1.42%

Share of Sub-Chapter 7323’s total exports in FY 2024-25

Import side: 2.45% of Sub-Chapter 7323’s imports

Rank Within Sub-Chapter 7323

FY 2024-25

#6 of 12

Position by export value among HSN codes in Sub-Chapter 7323

Import-side rank: #8 of 12

At a glance

29.85%

Export CAGR

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

#3250

National Export Rank

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

+119.13%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.42%

Contribution to Sub-Ch. 7323

Share of Sub-Chapter 7323 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 73231000

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 #4616

Balance

−41.49

Exports

13.67 ₹ Cr

0.0006% share

YoY

0.36% of Sub-Ch. 7323

Imports

55.16 ₹ Cr

0.0015% share

YoY

9.07% of Sub-Ch. 7323

FY 2019-20 Exp. Rank #4682

Balance

−22.97

Exports

12.95 ₹ Cr

0.0006% share

−5.27% YoY

0.33% of Sub-Ch. 7323

Imports

35.92 ₹ Cr

0.0011% share

−34.88% YoY

5.54% of Sub-Ch. 7323

FY 2020-21 Exp. Rank #4052

Balance

−19.62

Exports

22.37 ₹ Cr

0.0010% share

+72.74% YoY

0.58% of Sub-Ch. 7323

Imports

41.99 ₹ Cr

0.0014% share

+16.90% YoY

10.36% of Sub-Ch. 7323

FY 2021-22 Exp. Rank #3388

Balance

+41.30

Exports

49.02 ₹ Cr

0.0016% share

+119.13% YoY

0.98% of Sub-Ch. 7323

Imports

7.72 ₹ Cr

0.0002% share

−81.61% YoY

1.85% of Sub-Ch. 7323

FY 2022-23 Exp. Rank #3705

Balance

+33.42

Exports

42.10 ₹ Cr

0.0012% share

−14.12% YoY

0.92% of Sub-Ch. 7323

Imports

8.68 ₹ Cr

0.0002% share

+12.44% YoY

1.76% of Sub-Ch. 7323

FY 2023-24 Exp. Rank #3449

Balance

+43.09

Exports

52.82 ₹ Cr

0.0015% share

+25.46% YoY

1.19% of Sub-Ch. 7323

Imports

9.73 ₹ Cr

0.0002% share

+12.10% YoY

1.58% of Sub-Ch. 7323

FY 2024-25 Exp. Rank #3250

Balance

+48.91

Exports

65.53 ₹ Cr

0.0018% share

+24.06% YoY

1.42% of Sub-Ch. 7323

Imports

16.62 ₹ Cr

0.0003% share

+70.81% YoY

2.45% of Sub-Ch. 7323

CAGR · 7-Year

Exports

29.85% /yr

Imports

−18.12% /yr

Consistently Surplus
Sub-Chapter 7323 total

reference, FY 2024-25

Export

₹4,621.51 Cr

Import

₹678.42 Cr

Trade Balance

+3,943.09

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

Key Trade Insights: HSN Code 73231000 Export-Import Analysis

Consistent Export Growth: 29.85% CAGR Over 7 Years

India's exports under HSN Code 73231000 have grown at a compound annual rate of 29.85% over 7 fiscal years, rising from ₹13.67 Crore in FY 2018-19 to ₹65.53 Crore in FY 2024-25.

HSN Code 73231000 Ranked #3250 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73231000 ranks #3250 out of 12657 HSN codes by total export value. Within Sub-Chapter 7323, it ranks #6 of 12. By trade surplus, it ranks #2183 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 73231000 Exports

The strongest single-year export movement for HSN Code 73231000 was recorded in FY 2021-22, when exports surged by 119.13% over the prior year.

India Maintains a Trade Surplus of ₹48.91 Crore in HSN Code 73231000 Goods

In FY 2024-25, India's exports of ₹65.53 Cr exceeded imports of ₹16.62 Cr, resulting in a trade surplus of ₹48.91 Crore — ranking #2183 of 12657 by surplus magnitude.

Import Growth of −18.12% CAGR Signals Stable Import Dependency for Iron/Steel Wool & Scouring/Polishing Pads/Gloves

India's imports under HSN Code 73231000 have grown at −18.12% CAGR, reaching ₹16.62 Crore in FY 2024-25.

HSN Code 73231000 Contributes 1.42% of Sub-Chapter 7323 Exports — Ranked #6

Among the 12 HSN codes under Sub-Chapter 7323, HSN Code 73231000 ranks #6 by export value — accounting for 1.42% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.45% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73231000 and GST compliance.

What products are classified under HSN 73231000 ?

It includes Other | Of Cast Iron, Enamelled

How much GST applies to Iron/Steel Wool & Scouring/Polishing Pads/Gloves?

Under HSN 73231000, Iron/Steel Wool & Scouring/Polishing Pads/Gloves attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Iron/Steel Wool & Scouring/Polishing Pads/Gloves?

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 Iron/Steel Wool & Scouring/Polishing Pads/Gloves?

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.

Do e‑way bill and e‑invoice apply for Iron/Steel Wool & Scouring/Polishing Pads/Gloves?

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.

How should mixed supplies be billed when Iron/Steel Wool & Scouring/Polishing Pads/Gloves is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Iron/Steel Wool & Scouring/Polishing Pads/Gloves; Nil for exempt items if applicable).

Any common misclassification issue with Iron/Steel Wool & Scouring/Polishing Pads/Gloves?

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.