--- title: "HSN Code for Machinery Belt Fasteners | HSN 73269020 GST Rate" description: "Find HSN and GST Rates for 73269020 related to Machinery Belt Fasteners with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-73269020/" --- # HSN Code 73269020: Machinery Belt Fasteners - [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 7326: Other iron/steel articles](https://busy.in/hsn/sub-chapter-7326/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other : Belt fasteners for machinery belts | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 73269020 ? It includes Other appliances : Agricultural or horticultural ### Do e‑way bill and e‑invoice apply for Machinery Belt Fasteners? 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 Machinery Belt Fasteners? Under HSN 73269020, Machinery Belt Fasteners attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Machinery Belt Fasteners is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Machinery Belt Fasteners; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Machinery Belt Fasteners? 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 Machinery Belt Fasteners? 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. ### Any common misclassification issue with Machinery Belt Fasteners? 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 73269020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹7 Cr (−2.55% YoY) — 0.0002% of India's total exports - Imports: ₹8 Cr (−34.40% YoY) — 0.0001% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7870 of 12657 HSN codes - Share of Sub-Chapter 7326: 0.06% of its exports; import side 0.09% - Rank within Sub-Chapter 7326: #13 of 15 by export value; import-side #12 ### Key metrics - Export CAGR: 9.57% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6247 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +41.96% in FY 2021-22 - Contribution to Sub-Ch. 7326: 0.06% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 73269020 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. 7326 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7326 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 3.97 | 0.0002% | — | 0.05% | 6.31 | 0.0002% | — | 0.10% | −2.34 | #6144 | | FY 2019-20 | 2.26 | 0.0001% | −43.07% | 0.03% | 5.40 | 0.0002% | −14.42% | 0.09% | −3.14 | #6805 | | FY 2020-21 | 3.17 | 0.0001% | +40.27% | 0.04% | 7.88 | 0.0003% | +45.93% | 0.15% | −4.71 | #6498 | | FY 2021-22 | 4.50 | 0.0001% | +41.96% | 0.05% | 7.67 | 0.0002% | −2.67% | 0.13% | −3.17 | #6485 | | FY 2022-23 | 5.96 | 0.0002% | +32.44% | 0.06% | 11.58 | 0.0002% | +50.98% | 0.16% | −5.62 | #6267 | | FY 2023-24 | 7.05 | 0.0002% | +18.29% | 0.06% | 11.83 | 0.0002% | +2.16% | 0.15% | −4.78 | #6157 | | FY 2024-25 | 6.87 | 0.0002% | −2.55% | 0.06% | 7.76 | 0.0001% | −34.40% | 0.09% | −0.89 | #6247 | - CAGR (7-year): exports 9.57%/yr, imports 3.51%/yr (consistently Deficit) ## Key trade insights: HSN Code 73269020 export-import analysis ### Consistent export growth: 9.57% CAGR over 7 years India's exports under HSN Code 73269020 have grown at a compound annual rate of 9.57% over 7 fiscal years, rising from ₹3.97 Crore in FY 2018-19 to ₹6.87 Crore in FY 2024-25. ### HSN Code 73269020 ranked #6247 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 73269020 ranks #6247 out of 12657 HSN codes by total export value. Within Sub-Chapter 7326, it ranks #13 of 15. By trade surplus, it ranks #7870 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 73269020 exports The strongest single-year export movement for HSN Code 73269020 was recorded in FY 2021-22, when exports surged by 41.96% over the prior year. ### India records a trade deficit of ₹0.89 Crore in HSN Code 73269020 goods In FY 2024-25, India's imports of ₹7.76 Cr exceeded exports of ₹6.87 Cr, resulting in a trade deficit of ₹0.89 Crore — ranking #7870 of 12657 by surplus magnitude. ### Import growth of 3.51% CAGR signals stable import dependency for Machinery Belt Fasteners India's imports under HSN Code 73269020 have grown at 3.51% CAGR, reaching ₹7.76 Crore in FY 2024-25. ### HSN Code 73269020 contributes 0.06% of Sub-Chapter 7326 exports — ranked #13 Among the 15 HSN codes under Sub-Chapter 7326, HSN Code 73269020 ranks #13 by export value — accounting for 0.06% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.09% share (rank #12). ## Related HSN Codes in Sub-Chapter 7326 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 73269099: Machinery, Appliances & Parts](https://busy.in/hsn/hsn-73269099/) | ₹7,692 Cr | | #2 | [HSN Code 73261910: Forged or stamped – For automobiles and earthmoving equipment](https://busy.in/hsn/hsn-73261910/) | ₹1,580 Cr | | #3 | [HSN Code 73261990: Forged or stamped, other](https://busy.in/hsn/hsn-73261990/) | ₹1,431 Cr | | #4 | [HSN Code 73262090: Steel Wire Articles (Other)](https://busy.in/hsn/hsn-73262090/) | ₹565 Cr | | #5 | [HSN Code 73269060: Other \| Manufactures Of Stainless Steel](https://busy.in/hsn/hsn-73269060/) | ₹293 Cr | | #6 | [HSN Code 73269040: Other \| Enamelled Iron Ware](https://busy.in/hsn/hsn-73269040/) | ₹69 Cr | | #7 | [HSN Code 73269070: Other \| Articles Of Clad Metal](https://busy.in/hsn/hsn-73269070/) | ₹68 Cr | | #8 | [HSN Code 73269030: Drain Covers, Plates & Frames for Sewage & Water Systems](https://busy.in/hsn/hsn-73269030/) | ₹55 Cr | | #9 | [HSN Code 73269080: Articles of Iron or Steel](https://busy.in/hsn/hsn-73269080/) | ₹33 Cr | | #10 | [HSN Code 73269050: Other appliances : Agricultural or horticultural](https://busy.in/hsn/hsn-73269050/) | ₹17 Cr | | #13 | HSN Code 73269020: Machinery Belt Fasteners (this hsn code) | ₹7 Cr |