--- title: "HSN Code for Petroleum/Gas Well Drilling Machinery (Self-Propelled) | HSN 84304120 GST Rate" description: "Find HSN and GST Rates for 84304120 related to Petroleum/Gas Well Drilling Machinery (Self-Propelled) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84304120/" --- # HSN Code 84304120: Petroleum/Gas Well Drilling Machinery (Self-Propelled) - [Section 16: Guide to HSN Section 16](https://busy.in/hsn/section-16/) - [Chapter 84: Nuclear Reactors, Boilers & Machinery](https://busy.in/hsn/chapter-84/) - [Sub-chapter 8430: Earth boring machinery](https://busy.in/hsn/sub-chapter-8430/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other boring or sinking machinery: Self-propelled : Petroleum and gas well drilling machinery | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84304120 ? It includes Other Machinery, Self-Propelled | Other ### How should mixed supplies be billed when Petroleum/Gas Well Drilling Machinery (Self-Propelled) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Petroleum/Gas Well Drilling Machinery (Self-Propelled); Nil for exempt items if applicable). ### How much GST applies to Petroleum/Gas Well Drilling Machinery (Self-Propelled)? Under HSN 84304120, Petroleum/Gas Well Drilling Machinery (Self-Propelled) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Petroleum/Gas Well Drilling Machinery (Self-Propelled)? 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 Petroleum/Gas Well Drilling Machinery (Self-Propelled)? 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 Petroleum/Gas Well Drilling Machinery (Self-Propelled)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 84304120 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹99 Cr (−47.09% YoY) — 0.0027% of India's total exports - Imports: ₹141 Cr (−46.25% YoY) — 0.0023% of India's total imports - Trade balance: −₹42 Cr (Deficit); surplus rank #10108 of 12657 HSN codes - Share of Sub-Chapter 8430: 5.08% of its exports; import side 4.78% - Rank within Sub-Chapter 8430: #6 of 16 by export value; import-side #7 ### Key metrics - Export CAGR: -15.05% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2674 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +161.80% in FY 2021-22 - Contribution to Sub-Ch. 8430: 5.08% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84304120 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. 8430 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8430 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 263.89 | 0.0115% | — | 17.91% | 279.56 | 0.0078% | — | 10.32% | −15.67 | #1083 | | FY 2019-20 | 109.70 | 0.0050% | −58.43% | 12.84% | 311.60 | 0.0093% | +11.46% | 9.85% | −201.90 | #1920 | | FY 2020-21 | 114.80 | 0.0053% | +4.65% | 11.78% | 159.57 | 0.0055% | −48.79% | 7.09% | −44.77 | #1922 | | FY 2021-22 | 300.55 | 0.0096% | +161.80% | 25.06% | 457.47 | 0.0100% | +186.69% | 13.71% | −156.92 | #1290 | | FY 2022-23 | 246.98 | 0.0068% | −17.82% | 23.15% | 173.39 | 0.0030% | −62.10% | 4.28% | +73.59 | #1512 | | FY 2023-24 | 187.40 | 0.0052% | −24.12% | 5.88% | 262.27 | 0.0047% | +51.26% | 9.19% | −74.87 | #1841 | | FY 2024-25 | 99.15 | 0.0027% | −47.09% | 5.08% | 140.98 | 0.0023% | −46.25% | 4.78% | −41.83 | #2674 | - CAGR (7-year): exports -15.05%/yr, imports -10.78%/yr (consistently Deficit) ## Key trade insights: HSN Code 84304120 export-import analysis ### Export decline: -15.05% CAGR over 7 years India's exports under HSN Code 84304120 have declined at a compound annual rate of -15.05% over 7 fiscal years, falling from ₹263.89 Crore in FY 2018-19 to ₹99.15 Crore in FY 2024-25. ### HSN Code 84304120 ranked #2674 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84304120 ranks #2674 out of 12657 HSN codes by total export value. Within Sub-Chapter 8430, it ranks #6 of 16. By trade surplus, it ranks #10108 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 84304120 exports The strongest single-year export movement for HSN Code 84304120 was recorded in FY 2021-22, when exports surged by 161.80% over the prior year. ### India records a trade deficit of ₹41.83 Crore in HSN Code 84304120 goods In FY 2024-25, India's imports of ₹140.98 Cr exceeded exports of ₹99.15 Cr, resulting in a trade deficit of ₹41.83 Crore — ranking #10108 of 12657 by surplus magnitude. ### Import growth of -10.78% CAGR signals stable import dependency for Petroleum/Gas Well Drilling Machinery (Self-Propelled) India's imports under HSN Code 84304120 have grown at -10.78% CAGR, reaching ₹140.98 Crore in FY 2024-25. ### HSN Code 84304120 contributes 5.08% of Sub-Chapter 8430 exports — ranked #6 Among the 16 HSN codes under Sub-Chapter 8430, HSN Code 84304120 ranks #6 by export value — accounting for 5.08% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.78% share (rank #7). ## Related HSN Codes in Sub-Chapter 8430 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84304900: Other \|Other \|Dichloro Diphenyl Sulphone](https://busy.in/hsn/hsn-84304900/) | ₹671 Cr | | #2 | [HSN Code 84304110: Tube Well/Core Drilling Machinery (Self-Propelled)](https://busy.in/hsn/hsn-84304110/) | ₹374 Cr | | #3 | [HSN Code 84304130: Self-Propelled Rock Drilling Machinery](https://busy.in/hsn/hsn-84304130/) | ₹241 Cr | | #4 | [HSN Code 84305090: Other Machinery, Self-Propelled \| Other](https://busy.in/hsn/hsn-84305090/) | ₹233 Cr | | #5 | [HSN Code 84301010: Pile-drivers and pile-extractors : Pile-drivers](https://busy.in/hsn/hsn-84301010/) | ₹99 Cr | | #6 | HSN Code 84304120: Petroleum/Gas Well Drilling Machinery (Self-Propelled) (this hsn code) | ₹99 Cr | | #7 | [HSN Code 84303190: Tunneling machinery](https://busy.in/hsn/hsn-84303190/) | ₹63 Cr | | #8 | [HSN Code 84304190: Self-propelled boring machinery](https://busy.in/hsn/hsn-84304190/) | ₹60 Cr | | #9 | [HSN Code 84305010: Other Self-Propelled Mining Machinery](https://busy.in/hsn/hsn-84305010/) | ₹32 Cr | | #10 | [HSN Code 84303900: Coal or rock cutters, other](https://busy.in/hsn/hsn-84303900/) | ₹25 Cr |