72299023 is the designated HSN classification for Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Acsr Quality, categorized under Chapter 72 – Iron And Steel in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Acsr Quality must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
HSN Codes under Chapter 72 – Iron And Steel
Below are related HSN codes from Chapter 72 – Iron And Steel for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Iron And Steel... | 72011000 | Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72012000 | Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72015010 | Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... | 9.00% | 9.00% | 18.00% |
| Iron And Steel... | 72015090 | Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72021100 | Ferro-Alloys - Ferro-Manganese : Containing By Wei... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72021900 | Ferro-Alloys - Ferro-Manganese : Other | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72022100 | Ferro-Alloys - Ferro-Silicon: Containing By Weight... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72022900 | Ferro-Alloys - Ferro-Silicon: Other | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72023000 | Ferro-Alloys - Ferro-Silico-Manganese | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72024100 | Ferro-Alloys - Ferro-Chromium : Containing By Weig... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 72299023
For Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Acsr Quality classified under HSN Code 72299023, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Iron And Steel under Chapter 72.
Who Should Use HSN Code 72299023?
Any business engaged in supplying Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Acsr Quality must apply HSN 72299023 on invoices. The Iron And Steel category under Chapter 72 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Entering the Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Acsr Quality market requires essential registrations. GST registration enables legal tax collection on HSN 72299023 goods. For cross-border trade in Iron And Steel items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Using HSN Code 72299023 accurately for Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Acsr Quality avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 72 – Iron And Steel to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
HSN Code 72299023 falls under Chapter 72 – Iron And Steel in the GST tariff schedule. This chapter covers various goods including Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Acsr Quality.
Yes, IGST at 18.00% is applicable when Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Acsr Quality is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Yes, e-commerce sellers dealing in Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Acsr Quality must use HSN 72299023 on their invoices. This applies to all online platforms operating under Iron And Steel classification.
To import goods under Iron And Steel, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.