HSN Code 73269020: Machinery Belt Fasteners

HSN Code 73269020 represents Machinery Belt Fasteners under GST classification. This code helps businesses identify Machinery Belt Fasteners correctly for billing, taxation, and trade. With HSN Code 73269020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Machinery Belt Fasteners.

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Description of Goods for HSN Code 73269020

HSN Code 73269020 relates to the following description.

Description of Goods

Other : Belt fasteners for machinery belts

Chapter

73 - Articles of iron or steel

Sub Chapter

7326 - Other articles of iron or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73269020 not include?

Machinery Belt Fasteners does not include products with the following descriptions.

HSN Code 73261100

Forged or stamped, but not further worked : Grinding balls and similar articles for mills

HSN Code 73261910

Forged or stamped, but not further worked : Other: For automobiles and earth moving equipments

HSN Code 73262010

Articles of iron or steel wire : Tyre bead wire rings intended for use in the manufacture of tyres for cycles and cyclerickshaws

HSN Code 73269030

Other : Drain covers, plates, and frames for sewages, water or similar system

HSN Code 73269080

Other : Parts of ships, floating structure and vessels (excluding hull, propellers and paddle-wheels)

India’s Trade Performance — HSN Code 73269020 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

₹7 Cr

−2.55% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

₹8 Cr

−34.40% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7870 of 12657 HSN codes

% of Sub-Chapter 7326

FY 2024-25

0.06%

Share of Sub-Chapter 7326’s total exports in FY 2024-25

Import side: 0.09% of Sub-Chapter 7326’s imports

Rank Within Sub-Chapter 7326

FY 2024-25

#13 of 15

Position by export value among HSN codes in Sub-Chapter 7326

Import-side rank: #12 of 15

At a glance

9.57%

Export CAGR

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

#6247

National Export Rank

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

+41.96%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.06%

Contribution to Sub-Ch. 7326

Share of Sub-Chapter 7326 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6144

Balance

−2.34

Exports

3.97 ₹ Cr

0.0002% share

— YoY

0.05% of Sub-Ch. 7326

Imports

6.31 ₹ Cr

0.0002% share

— YoY

0.10% of Sub-Ch. 7326

FY 2019-20 Exp. Rank #6805

Balance

−3.14

Exports

2.26 ₹ Cr

0.0001% share

−43.07% YoY

0.03% of Sub-Ch. 7326

Imports

5.40 ₹ Cr

0.0002% share

−14.42% YoY

0.09% of Sub-Ch. 7326

FY 2020-21 Exp. Rank #6498

Balance

−4.71

Exports

3.17 ₹ Cr

0.0001% share

+40.27% YoY

0.04% of Sub-Ch. 7326

Imports

7.88 ₹ Cr

0.0003% share

+45.93% YoY

0.15% of Sub-Ch. 7326

FY 2021-22 Exp. Rank #6485

Balance

−3.17

Exports

4.50 ₹ Cr

0.0001% share

+41.96% YoY

0.05% of Sub-Ch. 7326

Imports

7.67 ₹ Cr

0.0002% share

−2.67% YoY

0.13% of Sub-Ch. 7326

FY 2022-23 Exp. Rank #6267

Balance

−5.62

Exports

5.96 ₹ Cr

0.0002% share

+32.44% YoY

0.06% of Sub-Ch. 7326

Imports

11.58 ₹ Cr

0.0002% share

+50.98% YoY

0.16% of Sub-Ch. 7326

FY 2023-24 Exp. Rank #6157

Balance

−4.78

Exports

7.05 ₹ Cr

0.0002% share

+18.29% YoY

0.06% of Sub-Ch. 7326

Imports

11.83 ₹ Cr

0.0002% share

+2.16% YoY

0.15% of Sub-Ch. 7326

FY 2024-25 Exp. Rank #6247

Balance

−0.89

Exports

6.87 ₹ Cr

0.0002% share

−2.55% YoY

0.06% of Sub-Ch. 7326

Imports

7.76 ₹ Cr

0.0001% share

−34.40% YoY

0.09% of Sub-Ch. 7326

CAGR · 7-Year

Exports

9.57% /yr

Imports

3.51% /yr

Consistently Deficit
Sub-Chapter 7326 total

reference, FY 2024-25

Export

₹11,843.51 Cr

Import

₹8,857.66 Cr

Trade Balance

+2,985.85

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73269020 and GST compliance.

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.

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.