---
title: "HSN Code for Other Drill Pipe – Iron | HSN 73042310 GST Rate"
description: "Find HSN and GST Rates for 73042310 related to Other Drill Pipe – Iron with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-73042310/"
---

# HSN Code 73042310: Other Drill Pipe – Iron

- [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: Other drill pipe: Of iron | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 73042310 ?

It includes Other Casing & Tubing – Iron

### Can we claim ITC on inputs used to trade Other Drill Pipe – Iron?

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

### Do e‑way bill and e‑invoice apply for Other Drill Pipe – Iron?

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.

### How much GST applies to Other Drill Pipe – Iron?

Under HSN 73042310, Other Drill Pipe – Iron attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Other Drill Pipe – Iron?

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

### How should mixed supplies be billed when Other Drill Pipe – Iron is sold with other items?

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

### Does packaging or labelling change the GST for Other Drill Pipe – Iron?

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 73042310 (FY 2024-25)

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

- Exports: ₹3 Cr (+298.78% YoY) — 0.0001% of India's total exports
- Imports: ₹30 Cr (+38.21% YoY) — 0.0005% of India's total imports
- Trade balance: −₹27 Cr (Deficit); surplus rank #9753 of 12657 HSN codes
- Share of Sub-Chapter 7304: 0.08% of its exports; import side 0.37%
- Rank within Sub-Chapter 7304: #23 of 39 by export value; import-side #25

### Key metrics

- Export CAGR: 59.31% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #7105 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +410.00% in FY 2019-20
- Contribution to Sub-Ch. 7304: 0.08% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 73042310

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 | < ₹1 Crore | 0.0000% | — | 0.01% | 21.54 | 0.0006% | — | 0.31% | −21.34 | #8812 |
| FY 2019-20 | 1.02 | 0.0000% | +410.00% | 0.05% | 37.68 | 0.0011% | +74.93% | 0.54% | −36.66 | #7602 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | −87.25% | 0.01% | 21.56 | 0.0007% | −42.78% | 0.48% | −21.43 | #9098 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | +100.00% | 0.01% | 3.13 | 0.0001% | −85.48% | 0.06% | −2.87 | #9031 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | +61.54% | 0.01% | 8.41 | 0.0001% | +168.69% | 0.13% | −7.99 | #8817 |
| FY 2023-24 | < ₹1 Crore | 0.0000% | +95.24% | 0.02% | 21.54 | 0.0004% | +156.12% | 0.35% | −20.72 | #8412 |
| FY 2024-25 | 3.27 | 0.0001% | +298.78% | 0.08% | 29.77 | 0.0005% | +38.21% | 0.37% | −26.50 | #7105 |

- CAGR (7-year): exports 59.31%/yr, imports 5.54%/yr (consistently Deficit)

## Key trade insights: HSN Code 73042310 export-import analysis

### Consistent export growth: 59.31% CAGR over 7 years

India's exports under HSN Code 73042310 have grown at a compound annual rate of 59.31% over 7 fiscal years, rising from ₹0.20 Crore in FY 2018-19 to ₹3.27 Crore in FY 2024-25.

### HSN Code 73042310 ranked #7105 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 73042310 ranks #7105 out of 12657 HSN codes by total export value. Within Sub-Chapter 7304, it ranks #23 of 39. By trade surplus, it ranks #9753 of 12657.

### FY 2019-20 was the strongest growth year for HSN Code 73042310 exports

The strongest single-year export movement for HSN Code 73042310 was recorded in FY 2019-20, when exports surged by 410.00% over the prior year.

### India records a trade deficit of ₹26.50 Crore in HSN Code 73042310 goods

In FY 2024-25, India's imports of ₹29.77 Cr exceeded exports of ₹3.27 Cr, resulting in a trade deficit of ₹26.50 Crore — ranking #9753 of 12657 by surplus magnitude.

### Import growth of 5.54% CAGR signals stable import dependency for Other Drill Pipe – Iron

India's imports under HSN Code 73042310 have grown at 5.54% CAGR, reaching ₹29.77 Crore in FY 2024-25.

### HSN Code 73042310 contributes 0.08% of Sub-Chapter 7304 exports — ranked #23

Among the 39 HSN codes under Sub-Chapter 7304, HSN Code 73042310 ranks #23 by export value — accounting for 0.08% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.37% share (rank #25).

## 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 |
| #23 | HSN Code 73042310: Other Drill Pipe – Iron (this hsn code) | ₹3 Cr |