7312 HSN Code: Iron or steel cables

HSN Sub Chapter 7312 represents Iron or steel cables under GST classification. This code helps businesses identify Iron or steel cables correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7312, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Iron or steel cables.

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New GST Rate for HSN Code 7312

GST Rate for Iron or steel cables under HSN Code 7312. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

73

HSN Code

7312

HSN Description

Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated

New GST Rate

12 %
Standard

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 7312

Following tariff HSN codes fall under Iron or steel cables.

Tariff HSN

73121010

Description

Stranded wire, ropes and cables : Wire ropes, black

Tariff HSN

73121020

Description

Stranded wire, ropes and cables : Wire ropes, galvanised

Tariff HSN

73121030

Description

Stranded wire, ropes and cables : Stranded wire

Tariff HSN

73121090

Description

Stranded wire, ropes and cables : Other

Tariff HSN

73129000

Description

Other

India’s Trade Performance — HSN Sub-Chapter 7312 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

₹1,525 Cr

+1.03% vs FY 2023-24

0.0412% of India’s total exports

India’s Imports

FY 2024-25

₹2,819 Cr

+4.74% vs FY 2023-24

0.0462% of India’s total imports

Trade Balance

FY 2024-25

−₹1,294 Cr

Trade Deficit

Surplus rank #987 of 1233 subchapters

% of Chapter 73

FY 2024-25

1.77%

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

Import side: 6.33% of Chapter 73’s imports

Rank Within Chapter 73

FY 2024-25

#10 of 26

Position by export value among subchapters in Chapter 73

Import-side rank: #6 of 26

At a glance

11.18%

Export CAGR

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

#313

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+51.58%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.77%

Contribution to Ch. 73

Share of Chapter 73 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7312

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 #328

Balance

−765.06

Exports

807.09 ₹ Cr

0.0352% share

— YoY

1.58% of Ch. 73

Imports

1,572.15 ₹ Cr

0.0438% share

— YoY

4.41% of Ch. 73

FY 2019-20 Exp. Rank #335

Balance

−628.03

Exports

768.52 ₹ Cr

0.0348% share

−4.78% YoY

1.54% of Ch. 73

Imports

1,396.55 ₹ Cr

0.0416% share

−11.17% YoY

4.24% of Ch. 73

FY 2020-21 Exp. Rank #348

Balance

−831.68

Exports

769.97 ₹ Cr

0.0358% share

+0.19% YoY

1.58% of Ch. 73

Imports

1,601.65 ₹ Cr

0.0550% share

+14.69% YoY

5.73% of Ch. 73

FY 2021-22 Exp. Rank #337

Balance

−1,082.53

Exports

1,167.10 ₹ Cr

0.0372% share

+51.58% YoY

1.77% of Ch. 73

Imports

2,249.63 ₹ Cr

0.0492% share

+40.46% YoY

6.41% of Ch. 73

FY 2022-23 Exp. Rank #297

Balance

−1,224.32

Exports

1,543.85 ₹ Cr

0.0426% share

+32.28% YoY

1.96% of Ch. 73

Imports

2,768.17 ₹ Cr

0.0481% share

+23.05% YoY

7.19% of Ch. 73

FY 2023-24 Exp. Rank #308

Balance

−1,182.23

Exports

1,509.09 ₹ Cr

0.0417% share

−2.25% YoY

1.83% of Ch. 73

Imports

2,691.32 ₹ Cr

0.0479% share

−2.78% YoY

6.36% of Ch. 73

FY 2024-25 Exp. Rank #313

Balance

−1,294.29

Exports

1,524.62 ₹ Cr

0.0412% share

+1.03% YoY

1.77% of Ch. 73

Imports

2,818.91 ₹ Cr

0.0462% share

+4.74% YoY

6.33% of Ch. 73

CAGR · 7-Year

Exports

11.18% /yr

Imports

10.22% /yr

Consistently Deficit
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 7312 Export-Import Analysis

Consistent Export Growth: 11.18% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7312 have grown at a compound annual rate of 11.18% over 7 fiscal years, rising from ₹807.09 Crore in FY 2018-19 to ₹1,524.62 Crore in FY 2024-25.

HSN Sub-Chapter 7312 Ranked #313 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7312 ranks #313 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #10 of 26. By trade surplus, it ranks #987 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7312 Exports

The strongest single-year export movement for HSN Sub-Chapter 7312 was recorded in FY 2021-22, when exports surged by 51.58% over the prior year.

India Records a Trade Deficit of ₹1,294.29 Crore in HSN Sub-Chapter 7312 Goods

In FY 2024-25, India's imports of ₹2,818.91 Cr exceeded exports of ₹1,524.62 Cr, resulting in a trade deficit of ₹1,294.29 Crore — ranking #987 of 1233 by surplus magnitude.

Import Growth of 10.22% CAGR Signals Rising Demand for Iron or steel cables

India's imports under HSN Sub-Chapter 7312 have grown at 10.22% CAGR, reaching ₹2,818.91 Crore in FY 2024-25.

HSN Sub-Chapter 7312 Contributes 1.77% of Chapter 73 Exports — Ranked #10

Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7312 ranks #10 by export value — accounting for 1.77% of the chapter's total exports in FY 2024-25. On the import side, it holds 6.33% share (rank #6).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7312 and GST compliance.

What products are classified under HSN 7312

It includes Iron or steel cables

How are warranty replacements of Iron or steel cables handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

Do spares or accessories of Iron or steel cables 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.

Does MRP, weight or pack size change GST treatment for Iron or steel cables?

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.

Can I claim ITC on inputs and services used for Iron or steel cables?

If your outward supply of Iron or steel cables 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 Iron or steel cables?

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.

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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