Consistent Export Growth: 28.21% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7322 have grown at a compound annual rate of 28.21% over 7 fiscal years, rising from ₹5.66 Crore in FY 2018-19 to ₹25.14 Crore in FY 2024-25.
HSN Sub Chapter 7322 represents Radiators, Air Heaters, Iron/Steel under GST classification. This code helps businesses identify Radiators, Air Heaters, Iron/Steel correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7322, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Radiators, Air Heaters, Iron/Steel.
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GST Rate for Radiators, Air Heaters, Iron/Steel under HSN Code 7322. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
73HSN Code
HSN Description
Radiators for central heating, not electrically heated, and parts thereof, of iron or steel; air heaters and hot air distributors (including distributors which can also distribute fresh or conditioned air), not electrically heated, incorporating a motordriven fan or blower, and parts thereof, of iron or steel
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Radiators, Air Heaters, Iron/Steel.
Tariff HSN
Description
Radiators and parts thereof : Of cast iron
Tariff HSN
Description
Radiators and parts thereof : Other
Tariff HSN
Description
Other : Air heaters and hot air distributors
Tariff HSN
Description
Other : Parts of air heaters and hot air distributors
India’s Exports
FY 2024-25₹25 Cr
0.0007% of India’s total exports
India’s Imports
FY 2024-25₹33 Cr
0.0005% of India’s total imports
Trade Balance
FY 2024-25−₹8 Cr
Surplus rank #579 of 1233 subchapters
% of Chapter 73
FY 2024-250.03%
Share of Chapter 73’s total exports in FY 2024-25
Import side: 0.07% of Chapter 73’s imports
Rank Within Chapter 73
FY 2024-25#25 of 26
Position by export value among subchapters in Chapter 73
Import-side rank: #23 of 26
At a glance
28.21%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#980
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+656.31%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.03%
Contribution to Ch. 73
Share of Chapter 73 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−11.10
Exports
5.66 ₹ Cr
0.0002% share
— YoY
0.01% of Ch. 73
Imports
16.76 ₹ Cr
0.0005% share
— YoY
0.05% of Ch. 73
Balance
−15.73
Exports
6.85 ₹ Cr
0.0003% share
+21.02% YoY
0.01% of Ch. 73
Imports
22.58 ₹ Cr
0.0007% share
+34.73% YoY
0.07% of Ch. 73
Balance
−18.32
Exports
3.41 ₹ Cr
0.0002% share
−50.22% YoY
0.01% of Ch. 73
Imports
21.73 ₹ Cr
0.0007% share
−3.76% YoY
0.08% of Ch. 73
Balance
−4.58
Exports
25.79 ₹ Cr
0.0008% share
+656.31% YoY
0.04% of Ch. 73
Imports
30.37 ₹ Cr
0.0007% share
+39.76% YoY
0.09% of Ch. 73
Balance
+4.61
Exports
40.82 ₹ Cr
0.0011% share
+58.28% YoY
0.05% of Ch. 73
Imports
36.21 ₹ Cr
0.0006% share
+19.23% YoY
0.09% of Ch. 73
Balance
−18.42
Exports
34.99 ₹ Cr
0.0010% share
−14.28% YoY
0.04% of Ch. 73
Imports
53.41 ₹ Cr
0.0010% share
+47.50% YoY
0.13% of Ch. 73
Balance
−7.62
Exports
25.14 ₹ Cr
0.0007% share
−28.15% YoY
0.03% of Ch. 73
Imports
32.76 ₹ Cr
0.0005% share
−38.66% YoY
0.07% of Ch. 73
CAGR · 7-Year
Exports
28.21% /yr
Imports
11.82% /yr
reference, FY 2024-25
Export
₹86,156.43 Cr
Import
₹44,501.24 Cr
Trade Balance
+41,655.19
India's exports under HSN Sub-Chapter 7322 have grown at a compound annual rate of 28.21% over 7 fiscal years, rising from ₹5.66 Crore in FY 2018-19 to ₹25.14 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7322 ranks #980 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #25 of 26. By trade surplus, it ranks #579 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7322 was recorded in FY 2021-22, when exports surged by 656.31% over the prior year.
In FY 2024-25, India's imports of ₹32.76 Cr exceeded exports of ₹25.14 Cr, resulting in a trade deficit of ₹7.62 Crore — ranking #579 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7322 have grown at 11.82% CAGR, reaching ₹32.76 Crore in FY 2024-25.
Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7322 ranks #25 by export value — accounting for 0.03% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.07% share (rank #23).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 7322 and GST compliance.
It includes Radiators, Air Heaters, Iron/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.
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.
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.
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.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Radiators, Air Heaters, 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.