7323 HSN Code: Household articles of iron or steel

HSN Sub Chapter 7323 represents Household articles of iron or steel under GST classification. This code helps businesses identify Household articles of iron or steel correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7323, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Household articles of iron or steel.

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New GST Rate for HSN Code 7323

GST Rate for Household articles of iron or steel under HSN Code 7323. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

73

HSN Code

7323

HSN Description

Table, kitchen or other household articles and parts thereof, of iron or steel; iron or steel wool; pot scourers and scouring or polishing pads, gloves and the like, of iron or steel

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 7323

Following tariff HSN codes fall under Household articles of iron or steel.

Tariff HSN

73231000

Description

Iron or steel wool; pot scourers and scouring or polishing pads, gloves and the like

Tariff HSN

73239110

Description

Other : Of cast iron, not enamelled : Pans

Tariff HSN

73239190

Description

Other : Of cast iron, not enamelled : Other

Tariff HSN

73239200

Description

Other : Of cast iron, enamelled

Tariff HSN

73239310

Description

Other : Of stainless steel : Pressure cookers

Tariff HSN

73239390

Description

Other : Of stainless steel : Other

Tariff HSN

73239410

Description

Other : Of iron (other than cast iron) or steel, enamelled : Ghamellas

Tariff HSN

73239420

Description

Other : Of iron (other than cast iron) or steel, enamelled : Utensils

Tariff HSN

73239490

Description

Other : Of iron (other than cast iron) or steel, enamelled : Other

Tariff HSN

73239910

Description

Other : Other : Utensils of galvanised iron

Tariff HSN

73239920

Description

Other : Other : Other utensils

Tariff HSN

73239990

Description

Other : Other : Other

India’s Trade Performance — HSN Sub-Chapter 7323 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

₹4,622 Cr

+4.52% vs FY 2023-24

0.1248% of India’s total exports

India’s Imports

FY 2024-25

₹678 Cr

+10.06% vs FY 2023-24

0.0111% of India’s total imports

Trade Balance

FY 2024-25

₹3,943 Cr

Trade Surplus

Surplus rank #86 of 1233 subchapters

% of Chapter 73

FY 2024-25

5.36%

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

Import side: 1.52% of Chapter 73’s imports

Rank Within Chapter 73

FY 2024-25

#8 of 26

Position by export value among subchapters in Chapter 73

Import-side rank: #10 of 26

At a glance

3.50%

Export CAGR

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

#142

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+30.16%

Peak Growth Year

FY 2021-22 · strongest single-year move

5.36%

Contribution to Ch. 73

Share of Chapter 73 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7323

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 #116

Balance

+3,150.96

Exports

3,759.04 ₹ Cr

0.1638% share

— YoY

7.37% of Ch. 73

Imports

608.08 ₹ Cr

0.0169% share

— YoY

1.71% of Ch. 73

FY 2019-20 Exp. Rank #104

Balance

+3,249.74

Exports

3,898.46 ₹ Cr

0.1765% share

+3.71% YoY

7.82% of Ch. 73

Imports

648.72 ₹ Cr

0.0193% share

+6.68% YoY

1.97% of Ch. 73

FY 2020-21 Exp. Rank #115

Balance

+3,452.44

Exports

3,857.78 ₹ Cr

0.1794% share

−1.04% YoY

7.91% of Ch. 73

Imports

405.34 ₹ Cr

0.0139% share

−37.52% YoY

1.45% of Ch. 73

FY 2021-22 Exp. Rank #116

Balance

+4,603.23

Exports

5,021.11 ₹ Cr

0.1600% share

+30.16% YoY

7.62% of Ch. 73

Imports

417.88 ₹ Cr

0.0091% share

+3.09% YoY

1.19% of Ch. 73

FY 2022-23 Exp. Rank #138

Balance

+4,069.91

Exports

4,562.39 ₹ Cr

0.1260% share

−9.14% YoY

5.79% of Ch. 73

Imports

492.48 ₹ Cr

0.0086% share

+17.85% YoY

1.28% of Ch. 73

FY 2023-24 Exp. Rank #145

Balance

+3,805.44

Exports

4,421.84 ₹ Cr

0.1222% share

−3.08% YoY

5.37% of Ch. 73

Imports

616.40 ₹ Cr

0.0110% share

+25.16% YoY

1.46% of Ch. 73

FY 2024-25 Exp. Rank #142

Balance

+3,943.09

Exports

4,621.51 ₹ Cr

0.1248% share

+4.52% YoY

5.36% of Ch. 73

Imports

678.42 ₹ Cr

0.0111% share

+10.06% YoY

1.52% of Ch. 73

CAGR · 7-Year

Exports

3.50% /yr

Imports

1.84% /yr

Consistently Surplus
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 7323 Export-Import Analysis

Consistent Export Growth: 3.50% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7323 have grown at a compound annual rate of 3.50% over 7 fiscal years, rising from ₹3,759.04 Crore in FY 2018-19 to ₹4,621.51 Crore in FY 2024-25.

HSN Sub-Chapter 7323 Ranked #142 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7323 ranks #142 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #8 of 26. By trade surplus, it ranks #86 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7323 Exports

The strongest single-year export movement for HSN Sub-Chapter 7323 was recorded in FY 2021-22, when exports surged by 30.16% over the prior year.

India Maintains a Trade Surplus of ₹3,943.09 Crore in HSN Sub-Chapter 7323 Goods

In FY 2024-25, India's exports of ₹4,621.51 Cr exceeded imports of ₹678.42 Cr, resulting in a trade surplus of ₹3,943.09 Crore — ranking #86 of 1233 by surplus magnitude.

Import Growth of 1.84% CAGR Signals Stable Import Dependency for Household articles of iron or steel

India's imports under HSN Sub-Chapter 7323 have grown at 1.84% CAGR, reaching ₹678.42 Crore in FY 2024-25.

HSN Sub-Chapter 7323 Contributes 5.36% of Chapter 73 Exports — Ranked #8

Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7323 ranks #8 by export value — accounting for 5.36% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.52% share (rank #10).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7323 and GST compliance.

What products are classified under HSN 7323

It includes Household articles of iron or steel

Any special steps when selling Household articles of iron or steel through an e‑commerce platform?

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.

Can I claim ITC on inputs and services used for Household articles of iron or steel?

If your outward supply of Household articles 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.

Can reverse charge ever apply to transactions involving Household articles of iron or steel?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Household articles of iron or steel are forward charge. Check the current notifications for any special cases before deciding.

Do spares or accessories of Household articles of iron or 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.

Does packaging or branding change how GST applies to Household articles 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 Household articles 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.

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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