HSN Code 73042390: Other Drill Pipe – Other

HSN Code 73042390 represents Other Drill Pipe – Other under GST classification. This code helps businesses identify Other Drill Pipe – Other correctly for billing, taxation, and trade. With HSN Code 73042390, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Drill Pipe – Other.

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Description of Goods for HSN Code 73042390

HSN Code 73042390 relates to the following description.

Description of Goods

Casing, tubing and drill pipe, of a kind used in drilling for oil or gas: Other drill pipe: Other

Chapter

73 - Articles of iron or steel

Sub Chapter

7304 - Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73042390 not include?

Other Drill Pipe – Other 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: Blanks for tubes and pipes

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: Drill pipe of stainless steel

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, 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 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

India’s Trade Performance — HSN Code 73042390 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹65 Cr

−39.64% vs FY 2023-24

0.0018% of India’s total exports

India’s Imports

FY 2024-25

₹54 Cr

−45.18% vs FY 2023-24

0.0009% of India’s total imports

Trade Balance

FY 2024-25

₹11 Cr

Trade Surplus

Surplus rank #3248 of 12657 HSN codes

% of Sub-Chapter 7304

FY 2024-25

1.60%

Share of Sub-Chapter 7304’s total exports in FY 2024-25

Import side: 0.67% of Sub-Chapter 7304’s imports

Rank Within Sub-Chapter 7304

FY 2024-25

#8 of 39

Position by export value among HSN codes in Sub-Chapter 7304

Import-side rank: #22 of 39

At a glance

7.46%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#3260

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+177.70%

Peak Growth Year

FY 2022-23 · strongest single-year move

1.60%

Contribution to Sub-Ch. 7304

Share of Sub-Chapter 7304 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 73042390

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

FY 2018-19 Exp. Rank #3134

Balance

−403.52

Exports

42.10 ₹ Cr

0.0018% share

YoY

1.70% of Sub-Ch. 7304

Imports

445.62 ₹ Cr

0.0124% share

YoY

6.49% of Sub-Ch. 7304

FY 2019-20 Exp. Rank #3429

Balance

−478.43

Exports

34.06 ₹ Cr

0.0015% share

−19.10% YoY

1.51% of Sub-Ch. 7304

Imports

512.49 ₹ Cr

0.0153% share

+15.01% YoY

7.34% of Sub-Ch. 7304

FY 2020-21 Exp. Rank #3931

Balance

−101.16

Exports

24.36 ₹ Cr

0.0011% share

−28.48% YoY

1.36% of Sub-Ch. 7304

Imports

125.52 ₹ Cr

0.0043% share

−75.51% YoY

2.81% of Sub-Ch. 7304

FY 2021-22 Exp. Rank #4473

Balance

−32.50

Exports

22.02 ₹ Cr

0.0007% share

−9.61% YoY

0.69% of Sub-Ch. 7304

Imports

54.52 ₹ Cr

0.0012% share

−56.56% YoY

0.97% of Sub-Ch. 7304

FY 2022-23 Exp. Rank #3202

Balance

+10.71

Exports

61.15 ₹ Cr

0.0017% share

+177.70% YoY

0.98% of Sub-Ch. 7304

Imports

50.44 ₹ Cr

0.0009% share

−7.48% YoY

0.81% of Sub-Ch. 7304

FY 2023-24 Exp. Rank #2483

Balance

+9.72

Exports

107.41 ₹ Cr

0.0030% share

+75.65% YoY

2.36% of Sub-Ch. 7304

Imports

97.69 ₹ Cr

0.0017% share

+93.68% YoY

1.58% of Sub-Ch. 7304

FY 2024-25 Exp. Rank #3260

Balance

+11.28

Exports

64.83 ₹ Cr

0.0018% share

−39.64% YoY

1.60% of Sub-Ch. 7304

Imports

53.55 ₹ Cr

0.0009% share

−45.18% YoY

0.67% of Sub-Ch. 7304

CAGR · 7-Year

Exports

7.46% /yr

Imports

−29.75% /yr

Consistently Surplus
Sub-Chapter 7304 total

reference, FY 2024-25

Export

₹4,064.37 Cr

Import

₹7,944.78 Cr

Trade Balance

−3,880.41

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 73042390 Export-Import Analysis

Consistent Export Growth: 7.46% CAGR Over 7 Years

India's exports under HSN Code 73042390 have grown at a compound annual rate of 7.46% over 7 fiscal years, rising from ₹42.10 Crore in FY 2018-19 to ₹64.83 Crore in FY 2024-25.

HSN Code 73042390 Ranked #3260 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73042390 ranks #3260 out of 12657 HSN codes by total export value. Within Sub-Chapter 7304, it ranks #8 of 39. By trade surplus, it ranks #3248 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 73042390 Exports

The strongest single-year export movement for HSN Code 73042390 was recorded in FY 2022-23, when exports surged by 177.70% over the prior year.

India Maintains a Trade Surplus of ₹11.28 Crore in HSN Code 73042390 Goods

In FY 2024-25, India's exports of ₹64.83 Cr exceeded imports of ₹53.55 Cr, resulting in a trade surplus of ₹11.28 Crore — ranking #3248 of 12657 by surplus magnitude.

Import Growth of −29.75% CAGR Signals Stable Import Dependency for Other Drill Pipe – Other

India's imports under HSN Code 73042390 have grown at −29.75% CAGR, reaching ₹53.55 Crore in FY 2024-25.

HSN Code 73042390 Contributes 1.60% of Sub-Chapter 7304 Exports — Ranked #8

Among the 39 HSN codes under Sub-Chapter 7304, HSN Code 73042390 ranks #8 by export value — accounting for 1.60% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.67% share (rank #22).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73042390 and GST compliance.

What products are classified under HSN 73042390 ?

It includes Other Casing/Tubing/Drill Pipe

How much GST applies to Other Drill Pipe – Other?

Under HSN 73042390, Other Drill Pipe – Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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

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

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

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.

How should mixed supplies be billed when Other Drill Pipe – Other 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 – Other; Nil for exempt items if applicable).

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

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.

Any common misclassification issue with Other Drill Pipe – Other?

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

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.