---
title: "7223 HSN Code | HSN Code for Wire of stainless steel in India"
description: "Know more about 7223 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7223 covering Wire of stainless steel."
canonical: "https://busy.in/hsn/sub-chapter-7223/"
---

# HSN Sub-chapter 7223: Wire of stainless steel

Wire of stainless steel

Part of [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/).

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 72230010 | [Wire of stainless steel : Electrode quality](https://busy.in/hsn/hsn-72230010/) |
| 72230091 | [Stainless steel wire: 1.5mm+ thickness](https://busy.in/hsn/hsn-72230091/) |
| 72230092 | [Stainless Steel Wire (0.46-1.5 mm)](https://busy.in/hsn/hsn-72230092/) |
| 72230099 | [Wire of stainless steel: < 0.46 mm](https://busy.in/hsn/hsn-72230099/) |

## Frequently asked questions

### What products are classified under HSN 7223

It includes Wire of stainless steel

### What should my invoice and records include for Wire of stainless steel?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

### Can I claim ITC on inputs and services used for Wire of stainless steel?

If your outward supply of Wire of stainless steel is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

### What are the e‑way bill and e‑invoice points while moving Wire of stainless steel?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

### If I repair and return Wire of stainless steel, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

### How do I bill a kit or combo that includes Wire of stainless steel?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

## India's trade performance: HSN Sub-Chapter 7223 (FY 2024-25)

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

- Exports: ₹3,561 Cr (+11.49% YoY) — 0.0962% of India's total exports
- Imports: ₹339 Cr (+17.67% YoY) — 0.0056% of India's total imports
- Trade balance: ₹3,222 Cr (Surplus); surplus rank #97 of 1233 sub-chapters
- Share of Chapter 72: 4.55% of its exports; import side 0.23%
- Rank within Chapter 72: #7 of 29 by export value; import-side #24

### Key metrics

- Export CAGR: 8.72% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #177 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +78.58% in FY 2021-22
- Contribution to Ch. 72: 4.55% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7223

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 Ch. 72 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 72 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 2,156.61 | 0.0940% | — | 3.17% | 241.47 | 0.0067% | — | 0.27% | +1,915.14 | #180 |
| FY 2019-20 | 2,007.77 | 0.0909% | −6.90% | 3.05% | 243.91 | 0.0073% | +1.01% | 0.32% | +1,763.86 | #182 |
| FY 2020-21 | 2,179.89 | 0.1013% | +8.57% | 2.42% | 204.05 | 0.0070% | −16.34% | 0.33% | +1,975.84 | #175 |
| FY 2021-22 | 3,892.90 | 0.1240% | +78.58% | 2.28% | 265.32 | 0.0058% | +30.03% | 0.28% | +3,627.58 | #145 |
| FY 2022-23 | 3,733.89 | 0.1031% | −4.08% | 3.49% | 294.78 | 0.0051% | +11.10% | 0.21% | +3,439.11 | #158 |
| FY 2023-24 | 3,194.35 | 0.0883% | −14.45% | 3.26% | 288.12 | 0.0051% | −2.26% | 0.19% | +2,906.23 | #178 |
| FY 2024-25 | 3,561.44 | 0.0962% | +11.49% | 4.55% | 339.02 | 0.0056% | +17.67% | 0.23% | +3,222.42 | #177 |

- CAGR (7-year): exports 8.72%/yr, imports 5.82%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 7223 export-import analysis

### Consistent export growth: 8.72% CAGR over 7 years

India's exports under HSN Sub-Chapter 7223 have grown at a compound annual rate of 8.72% over 7 fiscal years, rising from ₹2,156.61 Crore in FY 2018-19 to ₹3,561.44 Crore in FY 2024-25.

### HSN Sub-Chapter 7223 ranked #177 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7223 ranks #177 out of 1233 sub-chapters by total export value. Within Chapter 72, it ranks #7 of 29. By trade surplus, it ranks #97 of 1233.

### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 7223 exports

The strongest single-year export movement for HSN Sub-Chapter 7223 was recorded in FY 2021-22, when exports surged by 78.58% over the prior year.

### India maintains a trade surplus of ₹3,222.42 Crore in HSN Sub-Chapter 7223 goods

In FY 2024-25, India's exports of ₹3,561.44 Cr exceeded imports of ₹339.02 Cr, resulting in a trade surplus of ₹3,222.42 Crore — ranking #97 of 1233 by surplus magnitude.

### Import growth of 5.82% CAGR signals stable import dependency for Wire of stainless steel

India's imports under HSN Sub-Chapter 7223 have grown at 5.82% CAGR, reaching ₹339.02 Crore in FY 2024-25.

### HSN Sub-Chapter 7223 contributes 4.55% of Chapter 72 exports — ranked #7

Among the 29 sub-chapters under Chapter 72, HSN Sub-Chapter 7223 ranks #7 by export value — accounting for 4.55% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.23% share (rank #24).

## Related Sub-Chapters in Chapter 72

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7202: Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) | ₹21,917 Cr |
| #2 | [HSN Sub-Chapter 7222: Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) | ₹9,436 Cr |
| #3 | [HSN Sub-Chapter 7210: Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) | ₹8,733 Cr |
| #4 | [HSN Sub-Chapter 7208: Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) | ₹6,913 Cr |
| #5 | [HSN Sub-Chapter 7219: Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) | ₹4,569 Cr |
| #6 | [HSN Sub-Chapter 7203: Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) | ₹4,077 Cr |
| #7 | HSN Sub-Chapter 7223: Wire of stainless steel (this hsn sub-chapter) | ₹3,561 Cr |
| #8 | [HSN Sub-Chapter 7207: Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) | ₹3,154 Cr |
| #9 | [HSN Sub-Chapter 7209: Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) | ₹2,527 Cr |
| #10 | [HSN Sub-Chapter 7224: Other alloy steel products](https://busy.in/hsn/sub-chapter-7224/) | ₹1,500 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7201 | [Pig iron](https://busy.in/hsn/sub-chapter-7201/) |
| 7202 | [Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) |
| 7203 | [Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) |
| 7204 | [Ferrous scrap](https://busy.in/hsn/sub-chapter-7204/) |
| 7205 | [Iron Powders](https://busy.in/hsn/sub-chapter-7205/) |
| 7206 | [Primary Iron & Steel](https://busy.in/hsn/sub-chapter-7206/) |
| 7207 | [Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) |
| 7208 | [Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) |
| 7209 | [Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) |
| 7210 | [Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) |
| 7211 | [Flat-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7211/) |
| 7212 | [Flat Iron & Steel](https://busy.in/hsn/sub-chapter-7212/) |
| 7213 | [Wood pulp products](https://busy.in/hsn/sub-chapter-7213/) |
| 7214 | [Iron or steel rods and bars](https://busy.in/hsn/sub-chapter-7214/) |
| 7215 | [Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7215/) |
| 7216 | [Iron anchors and grapnels](https://busy.in/hsn/sub-chapter-7216/) |
| 7217 | [Iron/non-alloy steel wire](https://busy.in/hsn/sub-chapter-7217/) |
| 7218 | [Stainless steel products](https://busy.in/hsn/sub-chapter-7218/) |
| 7219 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) |
| 7220 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7220/) |
| 7221 | [Stainless steel bars and rods](https://busy.in/hsn/sub-chapter-7221/) |
| 7222 | [Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) |
| 7224 | [Other alloy steel products](https://busy.in/hsn/sub-chapter-7224/) |
| 7225 | [Alloy steel flat products](https://busy.in/hsn/sub-chapter-7225/) |
| 7226 | [Hot-rolled alloy steel](https://busy.in/hsn/sub-chapter-7226/) |
| 7227 | [Aluminum fittings](https://busy.in/hsn/sub-chapter-7227/) |
| 7228 | [Alloy Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7228/) |
| 7229 | [Alloy Steel Wire](https://busy.in/hsn/sub-chapter-7229/) |