Binding Wire HSN Code
GST rates and HSN code for Binding Wire.
| Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
|---|---|---|---|---|---|---|
| Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | Book-Binding Machinery, Including Book-Sewing Machines – Machinery: Wire Stitching Machinery, Single Headed | 84401010 | 18% | – | 01/07/2017 | – |
| Nickel and articles thereof | Nickel Bars, Rods, Profiles And Wire – Bars, Rods And Profiles | 7505 | 18% | – | 01/07/2017 | – |
| Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | Insulated (Including Enamelled Or Anodised) Wire, Cable (Including Co-Axial Cable) And Other Insulated Electric Conductors, Whether Or Not Fitted With Connectors; Optical Fibre Cables, Made Up Of Individually Sheathed Fibres, Whether Or Not Assembled With | 85445930 | 18% | – | 15/11/2017 1/07/2017 | – |
| Insulated (Including Enamelled Or Anodised) Wire, Cable (Including Co-Axial Cable) And Other Insulated Electric Conductors, Whether Or Not Fitted With Connectors; Optical Fibre Cables, Made Up Of Individually Sheathed Fibres, Whether Or Not Assembled With | 85445130 | 18% | – | 15/11/2017 1/07/2017 | – | |
| Insulated (Including Enamelled Or Anodised) Wire, Cable (Including Co-Axial Cable) And Other Insulated Electric Conductors, Whether Or Not Fitted With Connectors; Optical Fibre Cables, Made Up Of Individually Sheathed Fibres, Whether Or Not Assembled With | 85444293 | 18% | – | 15/11/2017 1/07/2017 | – | |
| Insulated (Including Enamelled Or Anodised) Wire, Cable (Including Co-Axial Cable) And Other Insulated Electric Conductors, Whether Or Not Fitted With Connectors; Optical Fibre Cables, Made Up Of Individually Sheathed Fibres, Whether Or Not Assembled With | 85441930 | 18% | – | 15/11/2017 1/07/2017 | – | |
| Electrical Resistors (Including Rheostats And Potentiometers), Other Than Heating Resistors – Other Fixed Resistors: – For A Power Handling Capacity Not Exceeding 20 W: – Of Insulated Wire : Other | 85332129 | 18% | – | 01/07/2017 | – | |
| Zinc and articles thereof | Zinc Bars, Rods, Profiles And Wire – Zinc Bars, Rods, Profiles And Wire : Profiles : Angles, Shapes And Sections | 79040022 | 18% | – | 01/07/2017 | – |
| Cork and articles of cork | Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork – Other | 45049000 | 12% | – | 01/01/2019 1/01/2019 | – |
| Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork | 4504 | 12% | – | 01/01/2019 1/01/2019 | – | |
| Iron and steel | Wire Of Other Alloy Steel – Other : Tinned Wire, Bronze Coated Wire, Trapezoidal Wire, Half Round Wire, Crimped Wire And Copper Coated Wire, Not Insulated : Trapezoidal Wire | 72299013 | 18% | – | 01/07/2017 | – |
| Wire Of Other Alloy Steel – Other : Tinned Wire, Bronze Coated Wire, Trapezoidal Wire, Half Round Wire, Crimped Wire And Copper Coated Wire, Not Insulated : Bronze Coated Wire | 72299012 | 18% | – | 01/07/2017 | – | |
| Wire Of Other Alloy Steel – Other : Wire (Excluding Wire Type Lead), Spring, High Tensile, Hardened And Tempered Wires, Not Insulated : Crimped Wire | 72299070 | 18% | – | 01/07/2017 | – | |
| Wood and articles of wood; wood charcoal | Particle Board And Similar Board (For Example, Oriented Strand Board And Wafer Board) Of Wood Or Other Ligneous Materials, Whether Or Not Agglomerated With Resins Or Other Organic Binding Substances – Other, Of Wood: Unworked Or Not Further Worked Than Sa | 44103130 | 18% | – | 15/11/2017 | – |
| Other base metals; cermets; articles thereof | Magnesium And Articles Thereof, Including Waste And Scrap – Other:Wire | 81049030 | 18% | – | 01/07/2017 | – |
| Molybdenum And Articles Thereof, Including Waste And Scrap – Other: Wire | 81029600 | 18% | – | 01/07/2017 | – | |
| Copper and articles thereof | Cloth (Including Endless Bands), Grill And Netting, Of Copper Wire; Expanded Metal Of Copper – Cloth : Other | 74142090 | 0 | – | 01/07/2017 | – |
| Articles of iron or steel | Stranded Wire, Ropes And Cables | 731210 | 18% | – | 01/07/2017 | – |
| Stranded Wire, Ropes, Cables, Plaited Bands, Slings And The Like, Of Iron Or Steel, Not Electrically Insulated | 7312 | 18% | – | 01/07/2017 | – | |
| Aluminium and articles thereof | Other Articles Of Aluminium – Other : Cloth, Grill, Netting And Fencing, Of Aluminium Wire | 76169100 | 18% | – | 01/07/2017 | – |
Understand Binding Wire HSN Code and GST Implications
Binding wire is a versatile material used across various industries, from construction for tying reinforcement bars to agriculture for securing plants. Determining the correct Harmonized System of Nomenclature (HSN) code for binding wire is essential for accurate Goods and Services Tax (GST) compliance in India. This blog post aims to clarify the potential HSN codes relevant to binding wire based on the provided data and their corresponding GST rates.
Explore HSN Codes for Binding Wire
The provided data includes several HSN codes related to different types of wire and their applications. Identifying the precise HSN code for “binding wire” requires considering its material composition and intended use. Based on the data:
- Wire of Other Alloy Steel (Non-Insulated): HSN heading 7229 covers wire of other alloy steel, non-insulated. Specific types mentioned include tinned wire, bronze coated wire, trapezoidal wire, half-round wire, crimped wire, and copper-coated wire, all with an 18% GST rate (e.g., 72299013, 72299012, 72299070). If binding wire is made of such alloy steel without insulation, it could fall under these categories.
- Stranded Wire, Ropes, and Cables (Non-Electrically Insulated, of Iron or Steel): HSN heading 7312 covers stranded wire, ropes, and cables of iron or steel, not electrically insulated, with an 18% GST rate (e.g., 731210, broader 7312). Depending on its form, binding wire could be classified here if made of iron or non-alloy steel.
- Nickel Wire: HSN heading 7505 covers nickel bars, rods, profiles, and wire, with an 18% GST rate. If the binding wire is made of nickel, this would be the relevant category.
- Zinc Wire: HSN heading 7904 covers zinc bars, rods, profiles, and wire, with an 18% GST rate (specifically profiles like angles, shapes, and sections under 79040022). If the binding wire is made of zinc, this would apply.
- Magnesium Wire: HSN heading 8104 covers magnesium and its articles, including wire (81049030) with an 18% GST rate.
- Molybdenum Wire: HSN heading 8102 includes molybdenum wire (81029600) with an 18% GST rate.
- Copper Wire Mesh/Netting: HSN 74142090 covers other copper wire cloth, grill, and netting with a 0% GST rate. This is less likely for typical binding wire but relevant if the binding wire is in mesh form.
- Aluminium Wire Mesh/Netting: HSN 76169100 covers other articles of aluminium, including cloth, grill, netting, and fencing of aluminium wire, with an 18% GST rate.
Given the common use of steel binding wire in construction, HSN heading 7312 (Stranded Wire, Ropes, and Cables of Iron or Steel, Not Electrically Insulated) or specific categories under HSN 7229 (Wire of Other Alloy Steel, Non-Insulated) are likely candidates. The GST rate in most cases appears to be 18%.
Know the Applicable GST Rate on Binding Wire
Based on the provided data, the GST rate applicable to binding wire is likely 18%, regardless of whether it’s made of alloy steel or non-alloy steel (iron). Copper wire mesh is an exception with a 0% GST rate, but this is unlikely to be the classification for typical binding wire.
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