HSN Code 73239390: Other | Of Stainless Steel

HSN Code 73239390 represents Other | Of Stainless Steel under GST classification. This code helps businesses identify Other | Of Stainless Steel correctly for billing, taxation, and trade. With HSN Code 73239390, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Of Stainless Steel.

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Description of Goods for HSN Code 73239390

HSN Code 73239390 relates to the following description.

Description of Goods

Other : Of stainless steel : Other

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

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 73239390 not include?

Other | Of Stainless Steel does not include products with the following descriptions.

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

India’s Trade Performance — HSN Code 73239390 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

₹3,522 Cr

+7.55% vs FY 2023-24

0.0957% of India’s total exports

India’s Imports

FY 2024-25

₹328 Cr

+41.74% vs FY 2023-24

0.0054% of India’s total imports

Trade Balance

FY 2024-25

₹3,194 Cr

Trade Surplus

Surplus rank #106 of 12657 HSN codes

% of Sub-Chapter 7323

FY 2024-25

76.21%

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

Import side: 48.28% of Sub-Chapter 7323’s imports

Rank Within Sub-Chapter 7323

FY 2024-25

#1 of 12

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

Import-side rank: #1 of 12

At a glance

7.37%

Export CAGR

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

#142

National Export Rank

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

+32.12%

Peak Growth Year

FY 2021-22 · strongest single-year move

76.21%

Contribution to Sub-Ch. 7323

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

India Export-Import Trade Statistics for HSN Code 73239390

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 #132

Balance

+2,137.30

Exports

2,298.29 ₹ Cr

0.1006% share

YoY

61.14% of Sub-Ch. 7323

Imports

160.99 ₹ Cr

0.0045% share

YoY

26.48% of Sub-Ch. 7323

FY 2019-20 Exp. Rank #125

Balance

+2,361.88

Exports

2,546.26 ₹ Cr

0.1157% share

+10.79% YoY

65.31% of Sub-Ch. 7323

Imports

184.38 ₹ Cr

0.0055% share

+14.53% YoY

28.42% of Sub-Ch. 7323

FY 2020-21 Exp. Rank #130

Balance

+2,436.61

Exports

2,580.88 ₹ Cr

0.1200% share

+1.36% YoY

66.90% of Sub-Ch. 7323

Imports

144.27 ₹ Cr

0.0050% share

−21.75% YoY

35.59% of Sub-Ch. 7323

FY 2021-22 Exp. Rank #131

Balance

+3,241.09

Exports

3,409.74 ₹ Cr

0.1086% share

+32.12% YoY

67.91% of Sub-Ch. 7323

Imports

168.65 ₹ Cr

0.0037% share

+16.90% YoY

40.36% of Sub-Ch. 7323

FY 2022-23 Exp. Rank #150

Balance

+3,025.03

Exports

3,218.18 ₹ Cr

0.0889% share

−5.62% YoY

70.54% of Sub-Ch. 7323

Imports

193.15 ₹ Cr

0.0034% share

+14.53% YoY

39.22% of Sub-Ch. 7323

FY 2023-24 Exp. Rank #155

Balance

+3,043.69

Exports

3,274.79 ₹ Cr

0.0905% share

+1.76% YoY

74.06% of Sub-Ch. 7323

Imports

231.10 ₹ Cr

0.0041% share

+19.65% YoY

37.49% of Sub-Ch. 7323

FY 2024-25 Exp. Rank #142

Balance

+3,194.42

Exports

3,521.97 ₹ Cr

0.0957% share

+7.55% YoY

76.21% of Sub-Ch. 7323

Imports

327.55 ₹ Cr

0.0054% share

+41.74% YoY

48.28% of Sub-Ch. 7323

CAGR · 7-Year

Exports

7.37% /yr

Imports

12.57% /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 73239390 Export-Import Analysis

Consistent Export Growth: 7.37% CAGR Over 7 Years

India's exports under HSN Code 73239390 have grown at a compound annual rate of 7.37% over 7 fiscal years, rising from ₹2,298.29 Crore in FY 2018-19 to ₹3,521.97 Crore in FY 2024-25.

HSN Code 73239390 Ranked #142 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73239390 ranks #142 out of 12657 HSN codes by total export value. Within Sub-Chapter 7323, it ranks #1 of 12. By trade surplus, it ranks #106 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 73239390 Exports

The strongest single-year export movement for HSN Code 73239390 was recorded in FY 2021-22, when exports surged by 32.12% over the prior year.

India Maintains a Trade Surplus of ₹3,194.42 Crore in HSN Code 73239390 Goods

In FY 2024-25, India's exports of ₹3,521.97 Cr exceeded imports of ₹327.55 Cr, resulting in a trade surplus of ₹3,194.42 Crore — ranking #106 of 12657 by surplus magnitude.

Import Growth of 12.57% CAGR Signals Rising Demand for Other | Of Stainless Steel

India's imports under HSN Code 73239390 have grown at 12.57% CAGR, reaching ₹327.55 Crore in FY 2024-25.

HSN Code 73239390 Contributes 76.21% of Sub-Chapter 7323 Exports — Ranked #1

Among the 12 HSN codes under Sub-Chapter 7323, HSN Code 73239390 ranks #1 by export value — accounting for 76.21% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 48.28% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73239390 and GST compliance.

What products are classified under HSN 73239390 ?

It includes Enamelled iron/steel

Does packaging or labelling change the GST for Other / Of Stainless 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.

Can we claim ITC on inputs used to trade Other / Of Stainless Steel?

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

Do e‑way bill and e‑invoice apply for Other / Of Stainless 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.

How much GST applies to Other / Of Stainless Steel?

Under HSN 73239390, Other / Of Stainless Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Other / Of Stainless Steel?

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 Other / Of Stainless Steel is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other / Of Stainless Steel; Nil for exempt items if applicable).

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.