Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated
Under the Harmonized System of Nomenclature (HSN), the code 7312 specifically identifies stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.
"Classifying stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated correctly is critical to avoid litigation. While the base rate is 18%, always check for anti-dumping duties if importing, especially under the Iron & Steel Products category. AasanKhata automatically monitors these shifts for you."