7318 HSN Code: Screws, Bolts, Nuts (Iron/Steel)

HSN Sub Chapter 7318 represents Screws, Bolts, Nuts (Iron/Steel) under GST classification. This code helps businesses identify Screws, Bolts, Nuts (Iron/Steel) correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7318, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Screws, Bolts, Nuts (Iron/Steel).

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New GST Rate for HSN Code 7318

GST Rate for Screws, Bolts, Nuts (Iron/Steel) under HSN Code 7318. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

73

HSN Code

7318

HSN Description

Screws, bolts, nuts, coach-screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7318

Following tariff HSN codes fall under Screws, Bolts, Nuts (Iron/Steel).

Tariff HSN

73181110

Description

Threaded articles : Coach screws : Machine screws

Tariff HSN

73181190

Description

Threaded articles : Coach screws : Other

Tariff HSN

73181200

Description

Threaded articles : Other wood screws

Tariff HSN

73181300

Description

Threaded articles : Screw hooks and screw rings

Tariff HSN

73181400

Description

Threaded articles : Self-tapping screws

Tariff HSN

73181500

Description

Threaded articles : Other screws and bolts, whether or not with their nuts or washers

Tariff HSN

73181600

Description

Threaded articles : Nuts

Tariff HSN

73181900

Description

Threaded articles : Other

Tariff HSN

73182100

Description

Non-threaded articles : Spring washers and other lock washers

Tariff HSN

73182200

Description

Non-threaded articles : Other washers

Tariff HSN

73182300

Description

Non-threaded articles : Rivets

Tariff HSN

73182400

Description

Non-threaded articles : Cotters and cotter-pins

Tariff HSN

73182910

Description

Non-threaded articles : Other : Circlips

Tariff HSN

73182990

Description

Non-threaded articles : Other : Other

India’s Trade Performance — HSN Sub-Chapter 7318 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

₹6,957 Cr

−2.64% vs FY 2023-24

0.1878% of India’s total exports

India’s Imports

FY 2024-25

₹9,416 Cr

+0.96% vs FY 2023-24

0.1544% of India’s total imports

Trade Balance

FY 2024-25

−₹2,459 Cr

Trade Deficit

Surplus rank #1052 of 1233 subchapters

% of Chapter 73

FY 2024-25

8.07%

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

Import side: 21.16% of Chapter 73’s imports

Rank Within Chapter 73

FY 2024-25

#6 of 26

Position by export value among subchapters in Chapter 73

Import-side rank: #1 of 26

At a glance

8.74%

Export CAGR

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

#100

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+59.36%

Peak Growth Year

FY 2021-22 · strongest single-year move

8.07%

Contribution to Ch. 73

Share of Chapter 73 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7318

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 #98

Balance

−2,454.85

Exports

4,208.03 ₹ Cr

0.1833% share

— YoY

8.25% of Ch. 73

Imports

6,662.88 ₹ Cr

0.1855% share

— YoY

18.69% of Ch. 73

FY 2019-20 Exp. Rank #102

Balance

−1,684.96

Exports

3,932.46 ₹ Cr

0.1780% share

−6.55% YoY

7.89% of Ch. 73

Imports

5,617.42 ₹ Cr

0.1675% share

−15.69% YoY

17.05% of Ch. 73

FY 2020-21 Exp. Rank #123

Balance

−1,326.11

Exports

3,650.40 ₹ Cr

0.1697% share

−7.17% YoY

7.49% of Ch. 73

Imports

4,976.51 ₹ Cr

0.1708% share

−11.41% YoY

17.81% of Ch. 73

FY 2021-22 Exp. Rank #97

Balance

−567.11

Exports

5,817.35 ₹ Cr

0.1854% share

+59.36% YoY

8.82% of Ch. 73

Imports

6,384.46 ₹ Cr

0.1397% share

+28.29% YoY

18.19% of Ch. 73

FY 2022-23 Exp. Rank #98

Balance

−1,271.18

Exports

6,647.23 ₹ Cr

0.1836% share

+14.27% YoY

8.43% of Ch. 73

Imports

7,918.41 ₹ Cr

0.1377% share

+24.03% YoY

20.57% of Ch. 73

FY 2023-24 Exp. Rank #90

Balance

−2,181.19

Exports

7,145.10 ₹ Cr

0.1975% share

+7.49% YoY

8.68% of Ch. 73

Imports

9,326.29 ₹ Cr

0.1661% share

+17.78% YoY

22.03% of Ch. 73

FY 2024-25 Exp. Rank #100

Balance

−2,459.38

Exports

6,956.77 ₹ Cr

0.1878% share

−2.64% YoY

8.07% of Ch. 73

Imports

9,416.15 ₹ Cr

0.1544% share

+0.96% YoY

21.16% of Ch. 73

CAGR · 7-Year

Exports

8.74% /yr

Imports

5.93% /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 7318 Export-Import Analysis

Consistent Export Growth: 8.74% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7318 have grown at a compound annual rate of 8.74% over 7 fiscal years, rising from ₹4,208.03 Crore in FY 2018-19 to ₹6,956.77 Crore in FY 2024-25.

HSN Sub-Chapter 7318 Ranked #100 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7318 ranks #100 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #6 of 26. By trade surplus, it ranks #1052 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7318 Exports

The strongest single-year export movement for HSN Sub-Chapter 7318 was recorded in FY 2021-22, when exports surged by 59.36% over the prior year.

India Records a Trade Deficit of ₹2,459.38 Crore in HSN Sub-Chapter 7318 Goods

In FY 2024-25, India's imports of ₹9,416.15 Cr exceeded exports of ₹6,956.77 Cr, resulting in a trade deficit of ₹2,459.38 Crore — ranking #1052 of 1233 by surplus magnitude.

Import Growth of 5.93% CAGR Signals Stable Import Dependency for Screws, Bolts, Nuts (Iron/Steel)

India's imports under HSN Sub-Chapter 7318 have grown at 5.93% CAGR, reaching ₹9,416.15 Crore in FY 2024-25.

HSN Sub-Chapter 7318 Contributes 8.07% of Chapter 73 Exports — Ranked #6

Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7318 ranks #6 by export value — accounting for 8.07% of the chapter's total exports in FY 2024-25. On the import side, it holds 21.16% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7318 and GST compliance.

What products are classified under HSN 7318

It includes Screws, Bolts, Nuts (Iron/Steel)

Do spares or accessories of Screws, Bolts, Nuts (Iron/Steel) 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 Screws, Bolts, Nuts (Iron/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.

If I repair and return Screws, Bolts, Nuts (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.

What are the e‑way bill and e‑invoice points while moving Screws, Bolts, Nuts (Iron/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.

Can reverse charge ever apply to transactions involving Screws, Bolts, Nuts (Iron/Steel)?

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

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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