---
title: "HSN Code for Sinks, Wash Basins| Stainless Steel | HSN 73241000 GST Rate"
description: "Find HSN and GST Rates for 73241000 related to Sinks, Wash Basins| Stainless Steel with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-73241000/"
---

# HSN Code 73241000: Sinks, Wash Basins| Stainless Steel

- [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/)
- [Chapter 73: Articles Made of Iron/Steel](https://busy.in/hsn/chapter-73/)
- [Sub-chapter 7324: Steel Sanitary Ware](https://busy.in/hsn/sub-chapter-7324/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Sinks and wash basins, of stainless steel | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 73241000 ?

It includes Cast Iron Baths (Other)

### Does packaging or labelling change the GST for Sinks, Wash Basins/ 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.

### How much GST applies to Sinks, Wash Basins/ Stainless Steel?

Under HSN 73241000, Sinks, Wash Basins/ Stainless Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Sinks, Wash Basins/ 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 Sinks, Wash Basins/ 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.

### Any common misclassification issue with Sinks, Wash Basins/ 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.

## India's trade performance: HSN Code 73241000 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹58 Cr (+38.40% YoY) — 0.0016% of India's total exports
- Imports: ₹124 Cr (−11.54% YoY) — 0.0020% of India's total imports
- Trade balance: −₹66 Cr (Deficit); surplus rank #10464 of 12657 HSN codes
- Share of Sub-Chapter 7324: 44.94% of its exports; import side 24.20%
- Rank within Sub-Chapter 7324: #1 of 4 by export value; import-side #3

### Key metrics

- Export CAGR: 17.61% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #3430 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +59.89% in FY 2020-21
- Contribution to Sub-Ch. 7324: 44.94% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 73241000

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7324 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7324 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 21.76 | 0.0010% | — | 33.54% | 59.31 | 0.0017% | — | 21.25% | −37.55 | #3992 |
| FY 2019-20 | 25.08 | 0.0011% | +15.26% | 36.22% | 65.16 | 0.0019% | +9.86% | 25.95% | −40.08 | #3817 |
| FY 2020-21 | 40.10 | 0.0019% | +59.89% | 49.40% | 67.74 | 0.0023% | +3.96% | 28.12% | −27.64 | #3257 |
| FY 2021-22 | 46.50 | 0.0015% | +15.96% | 45.49% | 85.60 | 0.0019% | +26.37% | 25.82% | −39.10 | #3459 |
| FY 2022-23 | 45.09 | 0.0012% | −3.03% | 39.63% | 100.68 | 0.0018% | +17.62% | 24.78% | −55.59 | #3623 |
| FY 2023-24 | 41.61 | 0.0012% | −7.72% | 42.01% | 140.20 | 0.0025% | +39.25% | 30.39% | −98.59 | #3787 |
| FY 2024-25 | 57.59 | 0.0016% | +38.40% | 44.94% | 124.02 | 0.0020% | −11.54% | 24.20% | −66.43 | #3430 |

- CAGR (7-year): exports 17.61%/yr, imports 13.08%/yr (consistently Deficit)

## Key trade insights: HSN Code 73241000 export-import analysis

### Consistent export growth: 17.61% CAGR over 7 years

India's exports under HSN Code 73241000 have grown at a compound annual rate of 17.61% over 7 fiscal years, rising from ₹21.76 Crore in FY 2018-19 to ₹57.59 Crore in FY 2024-25.

### HSN Code 73241000 ranked #3430 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 73241000 ranks #3430 out of 12657 HSN codes by total export value. Within Sub-Chapter 7324, it ranks #1 of 4. By trade surplus, it ranks #10464 of 12657.

### FY 2020-21 was the strongest growth year for HSN Code 73241000 exports

The strongest single-year export movement for HSN Code 73241000 was recorded in FY 2020-21, when exports surged by 59.89% over the prior year.

### India records a trade deficit of ₹66.43 Crore in HSN Code 73241000 goods

In FY 2024-25, India's imports of ₹124.02 Cr exceeded exports of ₹57.59 Cr, resulting in a trade deficit of ₹66.43 Crore — ranking #10464 of 12657 by surplus magnitude.

### Import growth of 13.08% CAGR signals rising demand for Sinks, Wash Basins| Stainless Steel

India's imports under HSN Code 73241000 have grown at 13.08% CAGR, reaching ₹124.02 Crore in FY 2024-25.

### HSN Code 73241000 contributes 44.94% of Sub-Chapter 7324 exports — ranked #1

Among the 4 HSN codes under Sub-Chapter 7324, HSN Code 73241000 ranks #1 by export value — accounting for 44.94% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 24.20% share (rank #3).

## Related HSN Codes in Sub-Chapter 7324

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | HSN Code 73241000: Sinks, Wash Basins\| Stainless Steel (this hsn code) | ₹58 Cr |
| #2 | [HSN Code 73249000: Cast Iron Baths (Other)](https://busy.in/hsn/hsn-73249000/) | ₹51 Cr |
| #3 | [HSN Code 73242900: Other Baths](https://busy.in/hsn/hsn-73242900/) | ₹18 Cr |
| #4 | [HSN Code 73242100: Cast Iron Baths](https://busy.in/hsn/hsn-73242100/) | ₹1 Cr |