7315 HSN Code: Chains & parts of iron or steel

HSN Sub Chapter 7315 represents Chains & parts of iron or steel under GST classification. This code helps businesses identify Chains & parts of iron or steel correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7315, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Chains & parts of iron or steel.

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New GST Rate for HSN Code 7315

GST Rate for Chains & parts of iron or steel under HSN Code 7315. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

73

HSN Code

7315

HSN Description

Chain and parts thereof, of iron or steel

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7315

Following tariff HSN codes fall under Chains & parts of iron or steel.

Tariff HSN

73151100

Description

Articulated link chain and parts thereof : Roller chain

Tariff HSN

73151210

Description

Articulated link chain and parts thereof : Other chain : Lifting and hoisting chain

Tariff HSN

73151220

Description

Articulated link chain and parts thereof : Other chain : Ship chain

Tariff HSN

73151290

Description

Articulated link chain and parts thereof : Other chain : Other

Tariff HSN

73151900

Description

Articulated link chain and parts thereof : Parts

Tariff HSN

73152000

Description

Skid chain

Tariff HSN

73158100

Description

Other chain : Stud-link

Tariff HSN

73158200

Description

Other chain : Other, welded link

Tariff HSN

73158900

Description

Other chain : Other

Tariff HSN

73159000

Description

Other parts

India’s Trade Performance — HSN Sub-Chapter 7315 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

₹591 Cr

+11.56% vs FY 2023-24

0.0160% of India’s total exports

India’s Imports

FY 2024-25

₹845 Cr

+18.83% vs FY 2023-24

0.0139% of India’s total imports

Trade Balance

FY 2024-25

−₹255 Cr

Trade Deficit

Surplus rank #809 of 1233 subchapters

% of Chapter 73

FY 2024-25

0.69%

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

Import side: 1.90% of Chapter 73’s imports

Rank Within Chapter 73

FY 2024-25

#18 of 26

Position by export value among subchapters in Chapter 73

Import-side rank: #9 of 26

At a glance

9.35%

Export CAGR

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

#501

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+48.55%

Peak Growth Year

FY 2021-22 · 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 7315

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 #491

Balance

−213.79

Exports

345.55 ₹ Cr

0.0151% share

— YoY

0.68% of Ch. 73

Imports

559.34 ₹ Cr

0.0156% share

— YoY

1.57% of Ch. 73

FY 2019-20 Exp. Rank #488

Balance

−124.40

Exports

353.51 ₹ Cr

0.0160% share

+2.30% YoY

0.71% of Ch. 73

Imports

477.91 ₹ Cr

0.0142% share

−14.56% YoY

1.45% of Ch. 73

FY 2020-21 Exp. Rank #498

Balance

−280.78

Exports

336.73 ₹ Cr

0.0157% share

−4.75% YoY

0.69% of Ch. 73

Imports

617.51 ₹ Cr

0.0212% share

+29.21% YoY

2.21% of Ch. 73

FY 2021-22 Exp. Rank #479

Balance

−65.49

Exports

500.20 ₹ Cr

0.0159% share

+48.55% YoY

0.76% of Ch. 73

Imports

565.69 ₹ Cr

0.0124% share

−8.39% YoY

1.61% of Ch. 73

FY 2022-23 Exp. Rank #488

Balance

−118.65

Exports

547.15 ₹ Cr

0.0151% share

+9.39% YoY

0.69% of Ch. 73

Imports

665.80 ₹ Cr

0.0116% share

+17.70% YoY

1.73% of Ch. 73

FY 2023-24 Exp. Rank #503

Balance

−181.73

Exports

529.56 ₹ Cr

0.0146% share

−3.21% YoY

0.64% of Ch. 73

Imports

711.29 ₹ Cr

0.0127% share

+6.83% YoY

1.68% of Ch. 73

FY 2024-25 Exp. Rank #501

Balance

−254.50

Exports

590.76 ₹ Cr

0.0160% share

+11.56% YoY

0.69% of Ch. 73

Imports

845.26 ₹ Cr

0.0139% share

+18.83% YoY

1.90% of Ch. 73

CAGR · 7-Year

Exports

9.35% /yr

Imports

7.12% /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 7315 Export-Import Analysis

Consistent Export Growth: 9.35% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7315 have grown at a compound annual rate of 9.35% over 7 fiscal years, rising from ₹345.55 Crore in FY 2018-19 to ₹590.76 Crore in FY 2024-25.

HSN Sub-Chapter 7315 Ranked #501 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7315 ranks #501 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #18 of 26. By trade surplus, it ranks #809 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7315 Exports

The strongest single-year export movement for HSN Sub-Chapter 7315 was recorded in FY 2021-22, when exports surged by 48.55% over the prior year.

India Records a Trade Deficit of ₹254.50 Crore in HSN Sub-Chapter 7315 Goods

In FY 2024-25, India's imports of ₹845.26 Cr exceeded exports of ₹590.76 Cr, resulting in a trade deficit of ₹254.50 Crore — ranking #809 of 1233 by surplus magnitude.

Import Growth of 7.12% CAGR Signals Stable Import Dependency for Chains & parts of iron or steel

India's imports under HSN Sub-Chapter 7315 have grown at 7.12% CAGR, reaching ₹845.26 Crore in FY 2024-25.

HSN Sub-Chapter 7315 Contributes 0.69% of Chapter 73 Exports — Ranked #18

Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7315 ranks #18 by export value — accounting for 0.69% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.90% share (rank #9).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7315 and GST compliance.

What products are classified under HSN 7315

It includes Chains & parts of iron or steel

Does packaging or branding change how GST applies to Chains & parts of iron or steel?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Chains & parts of iron or steel is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

How do I bill a kit or combo that includes Chains & parts of iron or 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.

How should I document Chains & parts of iron or steel sent for job work?

Use a delivery challan for sending Chains & parts of iron or steel to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

What are the e‑way bill and e‑invoice points while moving Chains & parts of iron or 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.

What should my invoice and records include for Chains & parts of iron or 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.

Is the composition scheme suitable if I mainly trade Chains & parts of iron or steel?

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.

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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