---
title: "7316 HSN Code | HSN Code for Anchors, Grapnels & Parts (Iron/Steel) in India"
description: "Know more about 7316 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7316 covering Anchors, Grapnels & Parts (Iron/Steel)."
canonical: "https://busy.in/hsn/sub-chapter-7316/"
---

# HSN Sub-chapter 7316: Anchors, Grapnels & Parts (Iron/Steel)

Anchors, grapnels and parts thereof, of iron or steel

Part of [Chapter 73: Articles Made of Iron/Steel](https://busy.in/hsn/chapter-73/).

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 73160010 | [Anchors, Grapnels & Parts Thereof of Iron or Steel](https://busy.in/hsn/hsn-73160010/) |
| 73160090 | [Anchors and parts: Iron or steel](https://busy.in/hsn/hsn-73160090/) |

## Frequently asked questions

### What products are classified under HSN 7316

It includes Anchors, Grapnels & Parts (Iron/Steel)

### Can reverse charge ever apply to transactions involving Anchors, Grapnels & Parts (Iron/Steel)?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Anchors, Grapnels & Parts (Iron/Steel) are forward charge. Check the current notifications for any special cases before deciding.

### How are warranty replacements of Anchors, Grapnels & Parts (Iron/Steel) 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.

### Does packaging or branding change how GST applies to Anchors, Grapnels & Parts (Iron/Steel)?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Anchors, Grapnels & Parts (Iron/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.

### If I repair and return Anchors, Grapnels & Parts (Iron/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.

### Is the composition scheme suitable if I mainly trade Anchors, Grapnels & Parts (Iron/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.

### What misclassification mistakes happen with Anchors, Grapnels & Parts (Iron/Steel)?

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.

## India's trade performance: HSN Sub-Chapter 7316 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹60 Cr (−74.85% YoY) — 0.0016% of India's total exports
- Imports: ₹20 Cr (−4.19% YoY) — 0.0003% of India's total imports
- Trade balance: ₹39 Cr (Surplus); surplus rank #441 of 1233 sub-chapters
- Share of Chapter 73: 0.07% of its exports; import side 0.05%
- Rank within Chapter 73: #24 of 26 by export value; import-side #24

### Key metrics

- Export CAGR: 11.61% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #889 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +148.69% in FY 2020-21
- Contribution to Ch. 73: 0.07% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7316

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 73 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 73 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 30.93 | 0.0013% | — | 0.06% | 27.07 | 0.0008% | — | 0.08% | +3.86 | #897 |
| FY 2019-20 | 56.89 | 0.0026% | +83.93% | 0.11% | 14.03 | 0.0004% | −48.17% | 0.04% | +42.86 | #820 |
| FY 2020-21 | 141.48 | 0.0066% | +148.69% | 0.29% | 17.07 | 0.0006% | +21.67% | 0.06% | +124.41 | #665 |
| FY 2021-22 | 230.57 | 0.0073% | +62.97% | 0.35% | 12.77 | 0.0003% | −25.19% | 0.04% | +217.80 | #639 |
| FY 2022-23 | 260.51 | 0.0072% | +12.99% | 0.33% | 22.81 | 0.0004% | +78.62% | 0.06% | +237.70 | #639 |
| FY 2023-24 | 237.62 | 0.0066% | −8.79% | 0.29% | 21.23 | 0.0004% | −6.93% | 0.05% | +216.39 | #658 |
| FY 2024-25 | 59.77 | 0.0016% | −74.85% | 0.07% | 20.34 | 0.0003% | −4.19% | 0.05% | +39.43 | #889 |

- CAGR (7-year): exports 11.61%/yr, imports -4.65%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 7316 export-import analysis

### Consistent export growth: 11.61% CAGR over 7 years

India's exports under HSN Sub-Chapter 7316 have grown at a compound annual rate of 11.61% over 7 fiscal years, rising from ₹30.93 Crore in FY 2018-19 to ₹59.77 Crore in FY 2024-25.

### HSN Sub-Chapter 7316 ranked #889 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7316 ranks #889 out of 1233 sub-chapters by total export value. Within Chapter 73, it ranks #24 of 26. By trade surplus, it ranks #441 of 1233.

### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 7316 exports

The strongest single-year export movement for HSN Sub-Chapter 7316 was recorded in FY 2020-21, when exports surged by 148.69% over the prior year.

### India maintains a trade surplus of ₹39.43 Crore in HSN Sub-Chapter 7316 goods

In FY 2024-25, India's exports of ₹59.77 Cr exceeded imports of ₹20.34 Cr, resulting in a trade surplus of ₹39.43 Crore — ranking #441 of 1233 by surplus magnitude.

### Import growth of -4.65% CAGR signals stable import dependency for Anchors, Grapnels & Parts (Iron/Steel)

India's imports under HSN Sub-Chapter 7316 have grown at -4.65% CAGR, reaching ₹20.34 Crore in FY 2024-25.

### HSN Sub-Chapter 7316 contributes 0.07% of Chapter 73 exports — ranked #24

Among the 26 sub-chapters under Chapter 73, HSN Sub-Chapter 7316 ranks #24 by export value — accounting for 0.07% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.05% share (rank #24).

## Related Sub-Chapters in Chapter 73

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7308: Iron & steel Structures](https://busy.in/hsn/sub-chapter-7308/) | ₹15,542 Cr |
| #2 | [HSN Sub-Chapter 7326: Other iron/steel articles](https://busy.in/hsn/sub-chapter-7326/) | ₹11,844 Cr |
| #3 | [HSN Sub-Chapter 7325: Cast Iron Items](https://busy.in/hsn/sub-chapter-7325/) | ₹10,243 Cr |
| #4 | [HSN Sub-Chapter 7307: Tool sets for retail sale](https://busy.in/hsn/sub-chapter-7307/) | ₹8,984 Cr |
| #5 | [HSN Sub-Chapter 7305: Large Steel Pipes](https://busy.in/hsn/sub-chapter-7305/) | ₹8,127 Cr |
| #6 | [HSN Sub-Chapter 7318: Screws, Bolts, Nuts (Iron/Steel)](https://busy.in/hsn/sub-chapter-7318/) | ₹6,957 Cr |
| #7 | [HSN Sub-Chapter 7306: Iron & steel pipes & tubes](https://busy.in/hsn/sub-chapter-7306/) | ₹6,127 Cr |
| #8 | [HSN Sub-Chapter 7323: Household articles of iron or steel](https://busy.in/hsn/sub-chapter-7323/) | ₹4,622 Cr |
| #9 | [HSN Sub-Chapter 7304: Pipe Fittings](https://busy.in/hsn/sub-chapter-7304/) | ₹4,064 Cr |
| #10 | [HSN Sub-Chapter 7312: Iron or steel cables](https://busy.in/hsn/sub-chapter-7312/) | ₹1,525 Cr |
| #24 | HSN Sub-Chapter 7316: Anchors, Grapnels & Parts (Iron/Steel) (this hsn sub-chapter) | ₹60 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7301 | [Iron sheet piling](https://busy.in/hsn/sub-chapter-7301/) |
| 7302 | [Railway Materials](https://busy.in/hsn/sub-chapter-7302/) |
| 7303 | [Cast iron tubes and pipes](https://busy.in/hsn/sub-chapter-7303/) |
| 7304 | [Pipe Fittings](https://busy.in/hsn/sub-chapter-7304/) |
| 7305 | [Large Steel Pipes](https://busy.in/hsn/sub-chapter-7305/) |
| 7306 | [Iron & steel pipes & tubes](https://busy.in/hsn/sub-chapter-7306/) |
| 7307 | [Tool sets for retail sale](https://busy.in/hsn/sub-chapter-7307/) |
| 7308 | [Iron & steel Structures](https://busy.in/hsn/sub-chapter-7308/) |
| 7309 | [Iron/steel containers exceeding 300L](https://busy.in/hsn/sub-chapter-7309/) |
| 7310 | [Iron or steel containers under 300L](https://busy.in/hsn/sub-chapter-7310/) |
| 7311 | [Gas Containers](https://busy.in/hsn/sub-chapter-7311/) |
| 7312 | [Iron or steel cables](https://busy.in/hsn/sub-chapter-7312/) |
| 7313 | [Barbed Wire for Fencing](https://busy.in/hsn/sub-chapter-7313/) |
| 7314 | [Iron or steel cloth & netting](https://busy.in/hsn/sub-chapter-7314/) |
| 7315 | [Chains & parts of iron or steel](https://busy.in/hsn/sub-chapter-7315/) |
| 7317 | [Nails & Pins](https://busy.in/hsn/sub-chapter-7317/) |
| 7318 | [Screws, Bolts, Nuts (Iron/Steel)](https://busy.in/hsn/sub-chapter-7318/) |
| 7319 | [Sewing needles and pins](https://busy.in/hsn/sub-chapter-7319/) |
| 7320 | [Springs & leaves of iron or steel](https://busy.in/hsn/sub-chapter-7320/) |
| 7321 | [Non-electric domestic stoves, cookers](https://busy.in/hsn/sub-chapter-7321/) |
| 7322 | [Radiators, Air Heaters, Iron/Steel](https://busy.in/hsn/sub-chapter-7322/) |
| 7323 | [Household articles of iron or steel](https://busy.in/hsn/sub-chapter-7323/) |
| 7324 | [Steel Sanitary Ware](https://busy.in/hsn/sub-chapter-7324/) |
| 7325 | [Cast Iron Items](https://busy.in/hsn/sub-chapter-7325/) |
| 7326 | [Other iron/steel articles](https://busy.in/hsn/sub-chapter-7326/) |