---
title: "HSN Code for Stainless Steel Drill Pipe | HSN 73042200 GST Rate"
description: "Find HSN and GST Rates for 73042200 related to Stainless Steel Drill Pipe with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-73042200/"
---

# HSN Code 73042200: Stainless Steel Drill Pipe

- [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/)
- [Chapter 73: Articles Made of Iron/Steel](https://busy.in/hsn/chapter-73/)
- [Sub-chapter 7304: Pipe Fittings](https://busy.in/hsn/sub-chapter-7304/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Drill pipe of stainless steel | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 73042200 ?

It includes Other Stainless Steel Casing/Tubing/Drill Pipe

### Can we claim ITC on inputs used to trade Stainless Steel Drill Pipe?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Any common misclassification issue with Stainless Steel Drill Pipe?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### How much GST applies to Stainless Steel Drill Pipe?

Under HSN 73042200, Stainless Steel Drill Pipe attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### How should mixed supplies be billed when Stainless Steel Drill Pipe is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Stainless Steel Drill Pipe; Nil for exempt items if applicable).

### Do e‑way bill and e‑invoice apply for Stainless Steel Drill Pipe?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

### Does packaging or labelling change the GST for Stainless Steel Drill Pipe?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

## India's trade performance: HSN Code 73042200 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹5 Cr (−68.36% YoY) — 0.0001% of India's total exports
- Imports: ₹31 Cr (+891.94% YoY) — 0.0005% of India's total imports
- Trade balance: −₹25 Cr (Deficit); surplus rank #9719 of 12657 HSN codes
- Share of Sub-Chapter 7304: 0.13% of its exports; import side 0.39%
- Rank within Sub-Chapter 7304: #20 of 39 by export value; import-side #24

### Key metrics

- Export CAGR: -25.39% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #6543 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +148.87% in FY 2021-22
- Contribution to Sub-Ch. 7304: 0.13% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 73042200

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7304 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7304 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 30.61 | 0.0013% | — | 1.24% | < ₹1 Crore | 0.0000% | — | 0.00% | +30.38 | #3548 |
| FY 2019-20 | 15.64 | 0.0007% | −48.91% | 0.69% | 7.76 | 0.0002% | +3,273.91% | 0.11% | +7.88 | #4449 |
| FY 2020-21 | 6.20 | 0.0003% | −60.36% | 0.35% | < ₹1 Crore | 0.0000% | −98.07% | 0.00% | +6.05 | #5667 |
| FY 2021-22 | 15.43 | 0.0005% | +148.87% | 0.48% | 8.57 | 0.0002% | +5,613.33% | 0.15% | +6.86 | #4938 |
| FY 2022-23 | 12.14 | 0.0003% | −21.32% | 0.20% | 10.23 | 0.0002% | +19.37% | 0.16% | +1.91 | #5369 |
| FY 2023-24 | 16.69 | 0.0005% | +37.48% | 0.37% | 3.10 | 0.0001% | −69.70% | 0.05% | +13.59 | #5018 |
| FY 2024-25 | 5.28 | 0.0001% | −68.36% | 0.13% | 30.75 | 0.0005% | +891.94% | 0.39% | −25.47 | #6543 |

- CAGR (7-year): exports -25.39%/yr, imports 126.13%/yr (consistently Deficit)

## Key trade insights: HSN Code 73042200 export-import analysis

### Export decline: -25.39% CAGR over 7 years

India's exports under HSN Code 73042200 have declined at a compound annual rate of -25.39% over 7 fiscal years, falling from ₹30.61 Crore in FY 2018-19 to ₹5.28 Crore in FY 2024-25.

### HSN Code 73042200 ranked #6543 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 73042200 ranks #6543 out of 12657 HSN codes by total export value. Within Sub-Chapter 7304, it ranks #20 of 39. By trade surplus, it ranks #9719 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 73042200 exports

The strongest single-year export movement for HSN Code 73042200 was recorded in FY 2021-22, when exports surged by 148.87% over the prior year.

### India records a trade deficit of ₹25.47 Crore in HSN Code 73042200 goods

In FY 2024-25, India's imports of ₹30.75 Cr exceeded exports of ₹5.28 Cr, resulting in a trade deficit of ₹25.47 Crore — ranking #9719 of 12657 by surplus magnitude.

### Import growth of 126.13% CAGR signals rising demand for Stainless Steel Drill Pipe

India's imports under HSN Code 73042200 have grown at 126.13% CAGR, reaching ₹30.75 Crore in FY 2024-25.

### HSN Code 73042200 contributes 0.13% of Sub-Chapter 7304 exports — ranked #20

Among the 39 HSN codes under Sub-Chapter 7304, HSN Code 73042200 ranks #20 by export value — accounting for 0.13% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.39% share (rank #24).

## Related HSN Codes in Sub-Chapter 7304

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 73044100: Cold-Drawn/Rolled Stainless Steel Pipes (Circular)](https://busy.in/hsn/hsn-73044100/) | ₹2,163 Cr |
| #2 | [HSN Code 73041910: Line Pipe for Oil & Gas Pipelines: Other Tubes & Pipes](https://busy.in/hsn/hsn-73041910/) | ₹605 Cr |
| #3 | [HSN Code 73049000: Alloy steel: Circular cross section: Other](https://busy.in/hsn/hsn-73049000/) | ₹278 Cr |
| #4 | [HSN Code 73044900: Stainless steel: Other](https://busy.in/hsn/hsn-73044900/) | ₹225 Cr |
| #5 | [HSN Code 73043119: Other Cold-Drawn Steel (<= 114.3 mm)](https://busy.in/hsn/hsn-73043119/) | ₹176 Cr |
| #6 | [HSN Code 73041110: Stainless Steel Line Pipes](https://busy.in/hsn/hsn-73041110/) | ₹101 Cr |
| #7 | [HSN Code 73042990: Other Casing/Tubing/Drill Pipe](https://busy.in/hsn/hsn-73042990/) | ₹89 Cr |
| #8 | [HSN Code 73042390: Other Drill Pipe – Other](https://busy.in/hsn/hsn-73042390/) | ₹65 Cr |
| #9 | [HSN Code 73043919: Non-Alloy Steel Pipes ≤114.3 mm](https://busy.in/hsn/hsn-73043919/) | ₹64 Cr |
| #10 | [HSN Code 73045110: Alloy Steel Pipes (≤114.3mm)](https://busy.in/hsn/hsn-73045110/) | ₹48 Cr |
| #20 | HSN Code 73042200: Stainless Steel Drill Pipe (this hsn code) | ₹5 Cr |