7229 HSN Code: Alloy Steel Wire

HSN Sub Chapter 7229 represents Alloy Steel Wire under GST classification. This code helps businesses identify Alloy Steel Wire correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7229, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Alloy Steel Wire.

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New GST Rate for HSN Code 7229

GST Rate for Alloy Steel Wire under HSN Code 7229. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

72

HSN Code

7229

HSN Description

Wire of other alloy steel

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7229

Following tariff HSN codes fall under Alloy Steel Wire.

Tariff HSN

72291000

Description

Wire of other alloy steel of high speed steel

Tariff HSN

72292000

Description

Of silico-manganese steel

Tariff HSN

72299011

Description

Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Tinned wire

Tariff HSN

72299012

Description

Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Bronze coated wire

Tariff HSN

72299013

Description

Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Trapezoidal wire

Tariff HSN

72299014

Description

Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Half round wire

Tariff HSN

72299015

Description

Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Crimped wire

Tariff HSN

72299016

Description

Other : Tinned wire, bronze coated wire, trapezoidal wire, half round wire, crimped wire and copper coated wire, not insulated : Copper coated wire

Tariff HSN

72299021

Description

Other : Electrode quality, wire rope quality and ACSR quality not insulated : Electrode quality

Tariff HSN

72299022

Description

Other : Electrode quality, wire rope quality and ACSR quality not insulated : Wire rope quality

Tariff HSN

72299023

Description

Other : Electrode quality, wire rope quality and ACSR quality not insulated : ACSR quality

Tariff HSN

72299031

Description

Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Wire (excluding wire type lead)

Tariff HSN

72299032

Description

Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Spring wire

Tariff HSN

72299033

Description

Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : High tensile wire

Tariff HSN

72299034

Description

Other : Wire (excluding wire type lead), spring, high tensile, hardened and tempered wires, not insulated : Hardened and tempered wire

Tariff HSN

72299040

Description

Other : Other wire

Tariff HSN

72299051

Description

Other : Shaped and profiled wires of cross-section : Half round

Tariff HSN

72299052

Description

Other : Shaped and profiled wires of cross-section : Flat and rectangular

Tariff HSN

72299053

Description

Other : Shaped and profiled wires of cross-section : ‘L’ shape

Tariff HSN

72299054

Description

Other : Shaped and profiled wires of cross-section : ‘Z’ shape

Tariff HSN

72299059

Description

Other : Shaped and profiled wires of cross-section : Other

Tariff HSN

72299060

Description

Other : Electric resistance wire (including electric resistance heating wire)

Tariff HSN

72299070

Description

Other : Crimped wire

Tariff HSN

72299090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 7229 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

₹132 Cr

+4.83% vs FY 2023-24

0.0036% of India’s total exports

India’s Imports

FY 2024-25

₹767 Cr

−2.35% vs FY 2023-24

0.0126% of India’s total imports

Trade Balance

FY 2024-25

−₹635 Cr

Trade Deficit

Surplus rank #897 of 1233 subchapters

% of Chapter 72

FY 2024-25

0.17%

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

Import side: 0.52% of Chapter 72’s imports

Rank Within Chapter 72

FY 2024-25

#28 of 29

Position by export value among subchapters in Chapter 72

Import-side rank: #20 of 29

At a glance

2.78%

Export CAGR

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

#786

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+155.74%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.17%

Contribution to Ch. 72

Share of Chapter 72 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7229

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 #704

Balance

−719.85

Exports

112.02 ₹ Cr

0.0049% share

— YoY

0.16% of Ch. 72

Imports

831.87 ₹ Cr

0.0232% share

— YoY

0.95% of Ch. 72

FY 2019-20 Exp. Rank #755

Balance

−412.69

Exports

83.44 ₹ Cr

0.0038% share

−25.51% YoY

0.13% of Ch. 72

Imports

496.13 ₹ Cr

0.0148% share

−40.36% YoY

0.65% of Ch. 72

FY 2020-21 Exp. Rank #761

Balance

−383.95

Exports

79.90 ₹ Cr

0.0037% share

−4.24% YoY

0.09% of Ch. 72

Imports

463.85 ₹ Cr

0.0159% share

−6.51% YoY

0.76% of Ch. 72

FY 2021-22 Exp. Rank #656

Balance

−555.02

Exports

204.34 ₹ Cr

0.0065% share

+155.74% YoY

0.12% of Ch. 72

Imports

759.36 ₹ Cr

0.0166% share

+63.71% YoY

0.81% of Ch. 72

FY 2022-23 Exp. Rank #746

Balance

−576.24

Exports

143.71 ₹ Cr

0.0040% share

−29.67% YoY

0.13% of Ch. 72

Imports

719.95 ₹ Cr

0.0125% share

−5.19% YoY

0.50% of Ch. 72

FY 2023-24 Exp. Rank #775

Balance

−659.17

Exports

126.00 ₹ Cr

0.0035% share

−12.32% YoY

0.13% of Ch. 72

Imports

785.17 ₹ Cr

0.0140% share

+9.06% YoY

0.51% of Ch. 72

FY 2024-25 Exp. Rank #786

Balance

−634.62

Exports

132.08 ₹ Cr

0.0036% share

+4.83% YoY

0.17% of Ch. 72

Imports

766.70 ₹ Cr

0.0126% share

−2.35% YoY

0.52% of Ch. 72

CAGR · 7-Year

Exports

2.78% /yr

Imports

−1.35% /yr

Consistently Deficit
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 7229 Export-Import Analysis

Consistent Export Growth: 2.78% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7229 have grown at a compound annual rate of 2.78% over 7 fiscal years, rising from ₹112.02 Crore in FY 2018-19 to ₹132.08 Crore in FY 2024-25.

HSN Sub-Chapter 7229 Ranked #786 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7229 ranks #786 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #28 of 29. By trade surplus, it ranks #897 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7229 Exports

The strongest single-year export movement for HSN Sub-Chapter 7229 was recorded in FY 2021-22, when exports surged by 155.74% over the prior year.

India Records a Trade Deficit of ₹634.62 Crore in HSN Sub-Chapter 7229 Goods

In FY 2024-25, India's imports of ₹766.70 Cr exceeded exports of ₹132.08 Cr, resulting in a trade deficit of ₹634.62 Crore — ranking #897 of 1233 by surplus magnitude.

Import Growth of −1.35% CAGR Signals Stable Import Dependency for Alloy Steel Wire

India's imports under HSN Sub-Chapter 7229 have grown at −1.35% CAGR, reaching ₹766.70 Crore in FY 2024-25.

HSN Sub-Chapter 7229 Contributes 0.17% of Chapter 72 Exports — Ranked #28

Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7229 ranks #28 by export value — accounting for 0.17% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.52% share (rank #20).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7229 and GST compliance.

What products are classified under HSN 7229

It includes Alloy Steel Wire

Do spares or accessories of Alloy Steel Wire follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

What should my invoice and records include for Alloy Steel Wire?

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.

Is the composition scheme suitable if I mainly trade Alloy Steel Wire?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Can I claim ITC on inputs and services used for Alloy Steel Wire?

If your outward supply of Alloy Steel Wire 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.

Does MRP, weight or pack size change GST treatment for Alloy Steel Wire?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

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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