7223 HSN Code: Wire of stainless steel

HSN Sub Chapter 7223 represents Wire of stainless steel under GST classification. This code helps businesses identify Wire of stainless steel correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7223, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wire of stainless steel.

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New GST Rate for HSN Code 7223

GST Rate for Wire of stainless steel under HSN Code 7223. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

72

HSN Code

7223

HSN Description

Wire of stainless steel

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7223

Following tariff HSN codes fall under Wire of stainless steel.

Tariff HSN

72230010

Description

Wire of stainless steel : Electrode quality

Tariff HSN

72230091

Description

Wire of stainless steel : Other : Of thickness of above 1.5 mm

Tariff HSN

72230092

Description

Wire of stainless steel : Other : Of thickness of 0.46 mm and above but not exceeding 1.5 mm

Tariff HSN

72230099

Description

Wire of stainless steel : Other : Of thickness of below 0.46 mm

India’s Trade Performance — HSN Sub-Chapter 7223 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

₹3,561 Cr

+11.49% vs FY 2023-24

0.0962% of India’s total exports

India’s Imports

FY 2024-25

₹339 Cr

+17.67% vs FY 2023-24

0.0056% of India’s total imports

Trade Balance

FY 2024-25

₹3,222 Cr

Trade Surplus

Surplus rank #97 of 1233 subchapters

% of Chapter 72

FY 2024-25

4.55%

Share of Chapter 72’s total exports in FY 2024-25

Import side: 0.23% of Chapter 72’s imports

Rank Within Chapter 72

FY 2024-25

#7 of 29

Position by export value among subchapters in Chapter 72

Import-side rank: #24 of 29

At a glance

8.72%

Export CAGR

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

#177

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+78.58%

Peak Growth Year

FY 2021-22 · strongest single-year move

4.55%

Contribution to Ch. 72

Share of Chapter 72 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #180

Balance

+1,915.14

Exports

2,156.61 ₹ Cr

0.0940% share

— YoY

3.17% of Ch. 72

Imports

241.47 ₹ Cr

0.0067% share

— YoY

0.27% of Ch. 72

FY 2019-20 Exp. Rank #182

Balance

+1,763.86

Exports

2,007.77 ₹ Cr

0.0909% share

−6.90% YoY

3.05% of Ch. 72

Imports

243.91 ₹ Cr

0.0073% share

+1.01% YoY

0.32% of Ch. 72

FY 2020-21 Exp. Rank #175

Balance

+1,975.84

Exports

2,179.89 ₹ Cr

0.1013% share

+8.57% YoY

2.42% of Ch. 72

Imports

204.05 ₹ Cr

0.0070% share

−16.34% YoY

0.33% of Ch. 72

FY 2021-22 Exp. Rank #145

Balance

+3,627.58

Exports

3,892.90 ₹ Cr

0.1240% share

+78.58% YoY

2.28% of Ch. 72

Imports

265.32 ₹ Cr

0.0058% share

+30.03% YoY

0.28% of Ch. 72

FY 2022-23 Exp. Rank #158

Balance

+3,439.11

Exports

3,733.89 ₹ Cr

0.1031% share

−4.08% YoY

3.49% of Ch. 72

Imports

294.78 ₹ Cr

0.0051% share

+11.10% YoY

0.21% of Ch. 72

FY 2023-24 Exp. Rank #178

Balance

+2,906.23

Exports

3,194.35 ₹ Cr

0.0883% share

−14.45% YoY

3.26% of Ch. 72

Imports

288.12 ₹ Cr

0.0051% share

−2.26% YoY

0.19% of Ch. 72

FY 2024-25 Exp. Rank #177

Balance

+3,222.42

Exports

3,561.44 ₹ Cr

0.0962% share

+11.49% YoY

4.55% of Ch. 72

Imports

339.02 ₹ Cr

0.0056% share

+17.67% YoY

0.23% of Ch. 72

CAGR · 7-Year

Exports

8.72% /yr

Imports

5.82% /yr

Consistently Surplus
Chapter 72 total

reference, FY 2024-25

Export

₹78,223.76 Cr

Import

₹1,47,109.35 Cr

Trade Balance

−68,885.59

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

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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7223 ranks #177 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7223 and GST compliance.

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.

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.

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