HSN Code 73042200: Stainless Steel Drill Pipe
HSN Code 73042200 represents Stainless Steel Drill Pipe under GST classification. This code helps businesses identify Stainless Steel Drill Pipe correctly for billing, taxation, and trade. With HSN Code 73042200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Stainless Steel Drill Pipe.
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Description of Goods for HSN Code 73042200
HSN Code 73042200 relates to the following description.
What does HSN Code 73042200 not include?
Stainless Steel Drill Pipe does not include products with the following descriptions.
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : pipes of iron or steel : of iron
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : pipes of iron or steel : other
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : blanks for tubes and pipes: of iron
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : blanks for tubes and pipes: other
Line pipe of a kind used for oil and gas pipelines: Of stainless steel: Tubes and pipes
Line pipe of a kind used for oil and gas pipelines: Of stainless steel: Blanks for tubes and pipes
Line pipe of a kind used for oil and gas pipelines: Of stainless steel: Other
Line pipe of a kind used for oil and gas pipelines: Other: Tubes and pipes
Line pipe of a kind used for oil and gas pipelines: Other: Blanks for tubes and pipes
Line pipe of a kind used for oil and gas pipelines: Other: Other
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - casing, tubing and drill pipe, of a kind used in drilling for oil or gas : drill pipe : of iron
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - casing, tubing and drill pipe, of a kind used in drilling for oil or gas : drill pipe : other
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other drill pipe: Of iron
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other drill pipe: Other
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other, of stainless steel
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other: Of iron
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other: Other
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Up to 114.3 mm outer diameter: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Up to 114.3 mm outer diameter: Other
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 114.3 mm but up to 219.1 mm outer diameter : Of iron
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 114.3 mm but up to 219.1 mm outer diameter : Other
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 219.1 mm diameter: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 219.1 mm diameter: Other
Other, of circular cross-section, of iron or nonalloy steel: Other: Up to 114.3 mm outer diameter: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Other: Up to 114.3 mm outer diameter: Other
Other, of circular cross-section, of iron or nonalloy steel: Other: Above 114.3 mm but up to 219.1 mm outer diameters: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Other: Above 114.3 mm but up to 219.1 mm outer diameters: Other
Other, of circular cross-section, of iron or nonalloy steel: Other: Above 219.1 mm diameter: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Other: Above 219.1 mm diameter: Other
Other, of circular cross section, of stainless steel: Cold-drawn or cold-rolled (cold-reduced)
Other, of circular cross section, of stainless steel: Other
Other, of circular cross section,of alloy steel: Cold-drawn or cold rolled (cold-reduced): Up to 114.3 mm diameter
Other, of circular cross section,of alloy steel: Cold-drawn or cold rolled (cold-reduced): Above 114.3 mm but up to 219.1 mm outer diameter
Other, of circular cross section,of alloy steel: Cold-drawn or cold rolled (cold-reduced): Above 219.1 mm outer diameter
Other, of circular cross section,of alloy steel: Other: Up to 114.3 mm diameter
Other, of circular cross section,of alloy steel: Other: Above 114.3 mm but up to 219.1 mm outer diameter
Other, of circular cross section,of alloy steel: Other: Above 219.1 mm outer diameter
Other, of circular cross section,of alloy steel: Other: Other
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : pipes of iron or steel : of iron
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : pipes of iron or steel : other
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : blanks for tubes and pipes: of iron
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - line pipe of a kind used for oil or gas pipelines : blanks for tubes and pipes: other
Line pipe of a kind used for oil and gas pipelines: Of stainless steel: Tubes and pipes
Line pipe of a kind used for oil and gas pipelines: Of stainless steel: Blanks for tubes and pipes
Line pipe of a kind used for oil and gas pipelines: Of stainless steel: Other
Line pipe of a kind used for oil and gas pipelines: Other: Tubes and pipes
Line pipe of a kind used for oil and gas pipelines: Other: Blanks for tubes and pipes
Line pipe of a kind used for oil and gas pipelines: Other: Other
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - casing, tubing and drill pipe, of a kind used in drilling for oil or gas : drill pipe : of iron
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel - casing, tubing and drill pipe, of a kind used in drilling for oil or gas : drill pipe : other
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other drill pipe: Of iron
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other drill pipe: Other
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other, of stainless steel
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other: Of iron
Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other: Other
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Up to 114.3 mm outer diameter: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Up to 114.3 mm outer diameter: Other
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 114.3 mm but up to 219.1 mm outer diameter : Of iron
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 114.3 mm but up to 219.1 mm outer diameter : Other
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 219.1 mm diameter: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Cold-drawn or cold-rolled (cold-reduced): Above 219.1 mm diameter: Other
Other, of circular cross-section, of iron or nonalloy steel: Other: Up to 114.3 mm outer diameter: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Other: Up to 114.3 mm outer diameter: Other
Other, of circular cross-section, of iron or nonalloy steel: Other: Above 114.3 mm but up to 219.1 mm outer diameters: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Other: Above 114.3 mm but up to 219.1 mm outer diameters: Other
Other, of circular cross-section, of iron or nonalloy steel: Other: Above 219.1 mm diameter: Of iron
Other, of circular cross-section, of iron or nonalloy steel: Other: Above 219.1 mm diameter: Other
Other, of circular cross section, of stainless steel: Cold-drawn or cold-rolled (cold-reduced)
Other, of circular cross section, of stainless steel: Other
Other, of circular cross section,of alloy steel: Cold-drawn or cold rolled (cold-reduced): Up to 114.3 mm diameter
Other, of circular cross section,of alloy steel: Cold-drawn or cold rolled (cold-reduced): Above 114.3 mm but up to 219.1 mm outer diameter
Other, of circular cross section,of alloy steel: Cold-drawn or cold rolled (cold-reduced): Above 219.1 mm outer diameter
Other, of circular cross section,of alloy steel: Other: Up to 114.3 mm diameter
Other, of circular cross section,of alloy steel: Other: Above 114.3 mm but up to 219.1 mm outer diameter
Other, of circular cross section,of alloy steel: Other: Above 219.1 mm outer diameter
Other, of circular cross section,of alloy steel: Other: Other
India’s Trade Performance — HSN Code 73042200 in FY 2024-25
India’s Exports
FY 2024-25₹5 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹31 Cr
0.0005% of India’s total imports
Trade Balance
FY 2024-25−₹25 Cr
Surplus rank #9719 of 12657 HSN codes
% of Sub-Chapter 7304
FY 2024-250.13%
Share of Sub-Chapter 7304’s total exports in FY 2024-25
Import side: 0.39% of Sub-Chapter 7304’s imports
Rank Within Sub-Chapter 7304
FY 2024-25#20 of 39
Position by export value among HSN codes in Sub-Chapter 7304
Import-side rank: #24 of 39
At a glance
−25.39%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6543
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+148.87%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.13%
Contribution to Sub-Ch. 7304
Share of Sub-Chapter 7304 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+30.38
Exports
30.61 ₹ Cr
0.0013% share
— YoY
1.24% of Sub-Ch. 7304
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7304
Balance
+7.88
Exports
15.64 ₹ Cr
0.0007% share
−48.91% YoY
0.69% of Sub-Ch. 7304
Imports
7.76 ₹ Cr
0.0002% share
+3,273.91% YoY
0.11% of Sub-Ch. 7304
Balance
+6.05
Exports
6.20 ₹ Cr
0.0003% share
−60.36% YoY
0.35% of Sub-Ch. 7304
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−98.07% YoY
0.00% of Sub-Ch. 7304
Balance
+6.86
Exports
15.43 ₹ Cr
0.0005% share
+148.87% YoY
0.48% of Sub-Ch. 7304
Imports
8.57 ₹ Cr
0.0002% share
+5,613.33% YoY
0.15% of Sub-Ch. 7304
Balance
+1.91
Exports
12.14 ₹ Cr
0.0003% share
−21.32% YoY
0.20% of Sub-Ch. 7304
Imports
10.23 ₹ Cr
0.0002% share
+19.37% YoY
0.16% of Sub-Ch. 7304
Balance
+13.59
Exports
16.69 ₹ Cr
0.0005% share
+37.48% YoY
0.37% of Sub-Ch. 7304
Imports
3.10 ₹ Cr
0.0001% share
−69.70% YoY
0.05% of Sub-Ch. 7304
Balance
−25.47
Exports
5.28 ₹ Cr
0.0001% share
−68.36% YoY
0.13% of Sub-Ch. 7304
Imports
30.75 ₹ Cr
0.0005% share
+891.94% YoY
0.39% of Sub-Ch. 7304
CAGR · 7-Year
Exports
−25.39% /yr
Imports
126.13% /yr
reference, FY 2024-25
Export
₹4,064.37 Cr
Import
₹7,944.78 Cr
Trade Balance
−3,880.41
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 73042200 and GST compliance.
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.