7309 HSN Code: Iron/steel containers exceeding 300L

HSN Sub Chapter 7309 represents Iron/steel containers exceeding 300L under GST classification. This code helps businesses identify Iron/steel containers exceeding 300L correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7309, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Iron/steel containers exceeding 300L.

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New GST Rate for HSN Code 7309

GST Rate for Iron/steel containers exceeding 300L under HSN Code 7309. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

73

HSN Code

7309

HSN Description

Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heat-insulated, but not fitted with mechanical or thermal equipment

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7309

Following tariff HSN codes fall under Iron/steel containers exceeding 300L.

Tariff HSN

73090010

Description

Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heat-insulated, but not fitted with mechanical or thermal equipment : Galvanized iron tanks

Tariff HSN

73090020

Description

Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heat-insulated, but not fitted with mechanical or thermal equipment : Galvanized iron barrels and drums

Tariff HSN

73090030

Description

Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heat-insulated, but not fitted with mechanical or thermal equipment : Pressed steel tanks

Tariff HSN

73090040

Description

Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heat-insulated, but not fitted with mechanical or thermal equipment : Pressure vessels

Tariff HSN

73090090

Description

Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heat-insulated, but not fitted with mechanical or thermal equipment : Other

India’s Trade Performance — HSN Sub-Chapter 7309 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

₹593 Cr

+10.51% vs FY 2023-24

0.0160% of India’s total exports

India’s Imports

FY 2024-25

₹408 Cr

+63.48% vs FY 2023-24

0.0067% of India’s total imports

Trade Balance

FY 2024-25

₹186 Cr

Trade Surplus

Surplus rank #336 of 1233 subchapters

% of Chapter 73

FY 2024-25

0.69%

Share of Chapter 73’s total exports in FY 2024-25

Import side: 0.92% of Chapter 73’s imports

Rank Within Chapter 73

FY 2024-25

#17 of 26

Position by export value among subchapters in Chapter 73

Import-side rank: #17 of 26

At a glance

14.29%

Export CAGR

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

#498

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+41.23%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.69%

Contribution to Ch. 73

Share of Chapter 73 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7309

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 #554

Balance

+50.10

Exports

266.31 ₹ Cr

0.0116% share

— YoY

0.52% of Ch. 73

Imports

216.21 ₹ Cr

0.0060% share

— YoY

0.61% of Ch. 73

FY 2019-20 Exp. Rank #582

Balance

−28.29

Exports

214.13 ₹ Cr

0.0097% share

−19.59% YoY

0.43% of Ch. 73

Imports

242.42 ₹ Cr

0.0072% share

+12.12% YoY

0.74% of Ch. 73

FY 2020-21 Exp. Rank #576

Balance

+50.54

Exports

232.51 ₹ Cr

0.0108% share

+8.58% YoY

0.48% of Ch. 73

Imports

181.97 ₹ Cr

0.0062% share

−24.94% YoY

0.65% of Ch. 73

FY 2021-22 Exp. Rank #578

Balance

+146.12

Exports

311.54 ₹ Cr

0.0099% share

+33.99% YoY

0.47% of Ch. 73

Imports

165.42 ₹ Cr

0.0036% share

−9.09% YoY

0.47% of Ch. 73

FY 2022-23 Exp. Rank #578

Balance

+120.49

Exports

380.24 ₹ Cr

0.0105% share

+22.05% YoY

0.48% of Ch. 73

Imports

259.75 ₹ Cr

0.0045% share

+57.02% YoY

0.67% of Ch. 73

FY 2023-24 Exp. Rank #499

Balance

+287.75

Exports

537.02 ₹ Cr

0.0148% share

+41.23% YoY

0.65% of Ch. 73

Imports

249.27 ₹ Cr

0.0044% share

−4.03% YoY

0.59% of Ch. 73

FY 2024-25 Exp. Rank #498

Balance

+185.97

Exports

593.47 ₹ Cr

0.0160% share

+10.51% YoY

0.69% of Ch. 73

Imports

407.50 ₹ Cr

0.0067% share

+63.48% YoY

0.92% of Ch. 73

CAGR · 7-Year

Exports

14.29% /yr

Imports

11.14% /yr

Consistently Surplus
Chapter 73 total

reference, FY 2024-25

Export

₹86,156.43 Cr

Import

₹44,501.24 Cr

Trade Balance

+41,655.19

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

Key Trade Insights: HSN Sub-Chapter 7309 Export-Import Analysis

Consistent Export Growth: 14.29% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7309 have grown at a compound annual rate of 14.29% over 7 fiscal years, rising from ₹266.31 Crore in FY 2018-19 to ₹593.47 Crore in FY 2024-25.

HSN Sub-Chapter 7309 Ranked #498 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7309 ranks #498 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #17 of 26. By trade surplus, it ranks #336 of 1233.

FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 7309 Exports

The strongest single-year export movement for HSN Sub-Chapter 7309 was recorded in FY 2023-24, when exports surged by 41.23% over the prior year.

India Maintains a Trade Surplus of ₹185.97 Crore in HSN Sub-Chapter 7309 Goods

In FY 2024-25, India's exports of ₹593.47 Cr exceeded imports of ₹407.50 Cr, resulting in a trade surplus of ₹185.97 Crore — ranking #336 of 1233 by surplus magnitude.

Import Growth of 11.14% CAGR Signals Rising Demand for Iron/steel containers exceeding 300L

India's imports under HSN Sub-Chapter 7309 have grown at 11.14% CAGR, reaching ₹407.50 Crore in FY 2024-25.

HSN Sub-Chapter 7309 Contributes 0.69% of Chapter 73 Exports — Ranked #17

Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7309 ranks #17 by export value — accounting for 0.69% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.92% share (rank #17).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7309 and GST compliance.

What products are classified under HSN 7309

It includes Iron/steel containers exceeding 300L

Does MRP, weight or pack size change GST treatment for Iron/steel containers exceeding 300L?

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.

Any special steps when selling Iron/steel containers exceeding 300L through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

Any import/export nuance for Iron/steel containers exceeding 300L?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

What misclassification mistakes happen with Iron/steel containers exceeding 300L?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

Can I claim ITC on inputs and services used for Iron/steel containers exceeding 300L?

If your outward supply of Iron/steel containers exceeding 300L 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.

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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