HSN Code 73062919: Casing and Tubing for Oil/Gas Drilling – Other

HSN Code 73062919 represents Casing and Tubing for Oil/Gas Drilling – Other under GST classification. This code helps businesses identify Casing and Tubing for Oil/Gas Drilling – Other correctly for billing, taxation, and trade. With HSN Code 73062919, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Casing and Tubing for Oil/Gas Drilling – Other.

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Description of Goods for HSN Code 73062919

HSN Code 73062919 relates to the following description.

Description of Goods

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

Chapter

73 - Articles of iron or steel

Sub Chapter

7306 - Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 73062919 not include?

Casing and Tubing for Oil/Gas Drilling – Other does not include products with the following descriptions.

Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - line pipe of a kind used for oil or gas pipelines : galvanised pipes : of iron

Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - line pipe of a kind used for oil or gas pipelines : galvanised pipes : other

Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - line pipe of a kind used for oil or gas pipelines : non-galvanised pipes : of iron

Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - line pipe of a kind used for oil or gas pipelines : non-galvanised pipes : other

Line pipe of a kind used for oil or gas pipelines: Welded ,of stainless steel

Line pipe of a kind used for oil or gas pipelines: Other: Galvanised pipes: Of iron

Line pipe of a kind used for oil or gas pipelines: Other: Galvanised pipes: Other

Line pipe of a kind used for oil or gas pipelines: Other: Non galvanised pipes: Of iron

Line pipe of a kind used for oil or gas pipelines: Other: Non galvanised pipes: Other

Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - casing and tubing of a kind used in drilling for oil or gas : of iron

Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - casing and tubing of a kind used in drilling for oil or gas : other

Casing and tubing of a kind used in drilling for oil or gas: Welded, of stainless steel

Casing and tubing of a kind used in drilling for oil or gas: Other: Of iron

Other, welded, of circular cross-section, of iron or non-alloy steel: Of iron

Other, welded, of circular cross-section, of iron or non-alloy steel: Other

Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - other, welded, of non-circular cross-section : of iron

Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - other, welded, of non-circular cross-section : other

Other, welded, of non-circular cross-section: Of square or rectangular- cross- section

Other, welded, of non-circular cross-section: Of other non-circular cross- section

India’s Trade Performance — HSN Code 73062919 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

< ₹1 Crore

−71.81% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹16 Cr

+27.86% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

−₹15 Cr

Trade Deficit

Surplus rank #9334 of 12657 HSN codes

% of Sub-Chapter 7306

FY 2024-25

0.01%

Share of Sub-Chapter 7306’s total exports in FY 2024-25

Import side: 0.89% of Sub-Chapter 7306’s imports

Rank Within Sub-Chapter 7306

FY 2024-25

#17 of 25

Position by export value among HSN codes in Sub-Chapter 7306

Import-side rank: #11 of 25

At a glance

−26.46%

Export CAGR

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

#8389

National Export Rank

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

+2,167.58%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.01%

Contribution to Sub-Ch. 7306

Share of Sub-Chapter 7306 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 73062919

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 #5792

Balance

−10.02

Exports

5.31 ₹ Cr

0.0002% share

YoY

0.13% of Sub-Ch. 7306

Imports

15.33 ₹ Cr

0.0004% share

YoY

0.47% of Sub-Ch. 7306

FY 2019-20 Exp. Rank #5513

Balance

−19.03

Exports

6.58 ₹ Cr

0.0003% share

+23.92% YoY

0.18% of Sub-Ch. 7306

Imports

25.61 ₹ Cr

0.0008% share

+67.06% YoY

1.01% of Sub-Ch. 7306

FY 2020-21 Exp. Rank #6199

Balance

−6.42

Exports

3.98 ₹ Cr

0.0002% share

−39.51% YoY

0.12% of Sub-Ch. 7306

Imports

10.40 ₹ Cr

0.0004% share

−59.39% YoY

0.55% of Sub-Ch. 7306

FY 2021-22 Exp. Rank #7427

Balance

−9.16

Exports

1.82 ₹ Cr

0.0001% share

−54.27% YoY

0.03% of Sub-Ch. 7306

Imports

10.98 ₹ Cr

0.0002% share

+5.58% YoY

0.51% of Sub-Ch. 7306

FY 2022-23 Exp. Rank #3725

Balance

+30.62

Exports

41.27 ₹ Cr

0.0011% share

+2,167.58% YoY

0.67% of Sub-Ch. 7306

Imports

10.65 ₹ Cr

0.0002% share

−3.01% YoY

0.44% of Sub-Ch. 7306

FY 2023-24 Exp. Rank #7150

Balance

−9.15

Exports

2.98 ₹ Cr

0.0001% share

−92.78% YoY

0.05% of Sub-Ch. 7306

Imports

12.13 ₹ Cr

0.0002% share

+13.90% YoY

0.52% of Sub-Ch. 7306

FY 2024-25 Exp. Rank #8389

Balance

−14.67

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−71.81% YoY

0.01% of Sub-Ch. 7306

Imports

15.51 ₹ Cr

0.0003% share

+27.86% YoY

0.89% of Sub-Ch. 7306

CAGR · 7-Year

Exports

−26.46% /yr

Imports

0.19% /yr

Consistently Deficit
Sub-Chapter 7306 total

reference, FY 2024-25

Export

₹6,127.23 Cr

Import

₹1,744.29 Cr

Trade Balance

+4,382.94

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

Key Trade Insights: HSN Code 73062919 Export-Import Analysis

Export Decline: −26.46% CAGR Over 7 Years

India's exports under HSN Code 73062919 have declined at a compound annual rate of −26.46% over 7 fiscal years, falling from ₹5.31 Crore in FY 2018-19 to ₹0.84 Crore in FY 2024-25.

HSN Code 73062919 Ranked #8389 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 73062919 ranks #8389 out of 12657 HSN codes by total export value. Within Sub-Chapter 7306, it ranks #17 of 25. By trade surplus, it ranks #9334 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 73062919 Exports

The strongest single-year export movement for HSN Code 73062919 was recorded in FY 2022-23, when exports surged by 2,167.58% over the prior year.

India Records a Trade Deficit of ₹14.67 Crore in HSN Code 73062919 Goods

In FY 2024-25, India's imports of ₹15.51 Cr exceeded exports of ₹0.84 Cr, resulting in a trade deficit of ₹14.67 Crore — ranking #9334 of 12657 by surplus magnitude.

Import Growth of 0.19% CAGR Signals Stable Import Dependency for Casing and Tubing for Oil/Gas Drilling – Other

India's imports under HSN Code 73062919 have grown at 0.19% CAGR, reaching ₹15.51 Crore in FY 2024-25.

HSN Code 73062919 Contributes 0.01% of Sub-Chapter 7306 Exports — Ranked #17

Among the 25 HSN codes under Sub-Chapter 7306, HSN Code 73062919 ranks #17 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.89% share (rank #11).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 73062919 and GST compliance.

What products are classified under HSN 73062919 ?

It includes Welded, circular cross-section, steel

Does packaging or labelling change the GST for Casing and Tubing for Oil/Gas Drilling – 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 much GST applies to Casing and Tubing for Oil/Gas Drilling – Other?

Under HSN 73062919, Casing and Tubing for Oil/Gas Drilling – Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Casing and Tubing for Oil/Gas Drilling – Other?

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 Casing and Tubing for Oil/Gas Drilling – Other?

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

Do e‑way bill and e‑invoice apply for Casing and Tubing for Oil/Gas Drilling – 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.

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.