---
title: "7320 HSN Code | HSN Code for Springs & leaves of iron or steel in India"
description: "Know more about 7320 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7320 covering Springs & leaves of iron or steel."
canonical: "https://busy.in/hsn/sub-chapter-7320/"
---

# HSN Sub-chapter 7320: Springs & leaves of iron or steel

Springs and leaves for springs, 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 |
| --- | --- |
| 73201011 | [Leaf-springs for vehicles](https://busy.in/hsn/hsn-73201011/) |
| 73201012 | [Leaf-Springs & Leaves for Railways and Tramways](https://busy.in/hsn/hsn-73201012/) |
| 73201019 | [Leaf-springs, other](https://busy.in/hsn/hsn-73201019/) |
| 73201020 | [Leaf-springs: Spring leaves](https://busy.in/hsn/hsn-73201020/) |
| 73202000 | [Helical Springs](https://busy.in/hsn/hsn-73202000/) |
| 73209010 | [Coil springs: Railways, tramways](https://busy.in/hsn/hsn-73209010/) |
| 73209020 | [Other \| Spring Pins](https://busy.in/hsn/hsn-73209020/) |
| 73209090 | [Springs and leaves for springs of iron or steel \| Other](https://busy.in/hsn/hsn-73209090/) |

## Frequently asked questions

### What products are classified under HSN 7320

It includes Springs & leaves of iron or steel

### How do I bill a kit or combo that includes Springs & leaves 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 are warranty replacements of Springs & leaves of iron or 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.

### Can I claim ITC on inputs and services used for Springs & leaves of iron or steel?

If your outward supply of Springs & leaves of iron or steel 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.

### Any import/export nuance for Springs & leaves of iron or steel?

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.

### How should I document Springs & leaves of iron or steel sent for job work?

Use a delivery challan for sending Springs & leaves 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.

### Does MRP, weight or pack size change GST treatment for Springs & leaves of iron or steel?

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.

## India's trade performance: HSN Sub-Chapter 7320 (FY 2024-25)

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

- Exports: ₹1,004 Cr (+35.01% YoY) — 0.0271% of India's total exports
- Imports: ₹1,330 Cr (+8.75% YoY) — 0.0218% of India's total imports
- Trade balance: −₹326 Cr (Deficit); surplus rank #827 of 1233 sub-chapters
- Share of Chapter 73: 1.17% of its exports; import side 2.99%
- Rank within Chapter 73: #13 of 26 by export value; import-side #8

### Key metrics

- Export CAGR: 13.74% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #388 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +37.76% in FY 2021-22
- Contribution to Ch. 73: 1.17% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7320

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 | 463.93 | 0.0202% | — | 0.91% | 922.46 | 0.0257% | — | 2.59% | −458.53 | #437 |
| FY 2019-20 | 427.90 | 0.0194% | −7.77% | 0.86% | 856.40 | 0.0255% | −7.16% | 2.60% | −428.50 | #444 |
| FY 2020-21 | 515.16 | 0.0240% | +20.39% | 1.06% | 842.17 | 0.0289% | −1.66% | 3.01% | −327.01 | #421 |
| FY 2021-22 | 709.69 | 0.0226% | +37.76% | 1.08% | 962.26 | 0.0211% | +14.26% | 2.74% | −252.57 | #409 |
| FY 2022-23 | 683.29 | 0.0189% | −3.72% | 0.87% | 1,186.11 | 0.0206% | +23.26% | 3.08% | −502.82 | #440 |
| FY 2023-24 | 743.78 | 0.0206% | +8.85% | 0.90% | 1,222.98 | 0.0218% | +3.11% | 2.89% | −479.20 | #434 |
| FY 2024-25 | 1,004.21 | 0.0271% | +35.01% | 1.17% | 1,329.93 | 0.0218% | +8.75% | 2.99% | −325.72 | #388 |

- CAGR (7-year): exports 13.74%/yr, imports 6.29%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 7320 export-import analysis

### Consistent export growth: 13.74% CAGR over 7 years

India's exports under HSN Sub-Chapter 7320 have grown at a compound annual rate of 13.74% over 7 fiscal years, rising from ₹463.93 Crore in FY 2018-19 to ₹1,004.21 Crore in FY 2024-25.

### HSN Sub-Chapter 7320 ranked #388 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7320 ranks #388 out of 1233 sub-chapters by total export value. Within Chapter 73, it ranks #13 of 26. By trade surplus, it ranks #827 of 1233.

### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 7320 exports

The strongest single-year export movement for HSN Sub-Chapter 7320 was recorded in FY 2021-22, when exports surged by 37.76% over the prior year.

### India records a trade deficit of ₹325.72 Crore in HSN Sub-Chapter 7320 goods

In FY 2024-25, India's imports of ₹1,329.93 Cr exceeded exports of ₹1,004.21 Cr, resulting in a trade deficit of ₹325.72 Crore — ranking #827 of 1233 by surplus magnitude.

### Import growth of 6.29% CAGR signals stable import dependency for Springs & leaves of iron or steel

India's imports under HSN Sub-Chapter 7320 have grown at 6.29% CAGR, reaching ₹1,329.93 Crore in FY 2024-25.

### HSN Sub-Chapter 7320 contributes 1.17% of Chapter 73 exports — ranked #13

Among the 26 sub-chapters under Chapter 73, HSN Sub-Chapter 7320 ranks #13 by export value — accounting for 1.17% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.99% share (rank #8).

## 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 |
| #13 | HSN Sub-Chapter 7320: Springs & leaves of iron or steel (this hsn sub-chapter) | ₹1,004 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/) |
| 7316 | [Anchors, Grapnels & Parts (Iron/Steel)](https://busy.in/hsn/sub-chapter-7316/) |
| 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/) |
| 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/) |