Anchors, grapnels and parts thereof, of iron or steel
Under the Harmonized System of Nomenclature (HSN), the code 7316 specifically identifies anchors, grapnels and parts thereof, of iron or steel for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.
"Classifying anchors, grapnels and parts thereof, of iron or steel 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."