HSN Code 84304120 represents Petroleum/Gas Well Drilling Machinery (Self-Propelled) under GST classification. This code helps businesses identify Petroleum/Gas Well Drilling Machinery (Self-Propelled) correctly for billing, taxation, and trade. With HSN Code 84304120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Petroleum/Gas Well Drilling Machinery (Self-Propelled).
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HSN Code 84304120 relates to the following description.
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
Other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; pile-drivers and pile-extractors; snowploughs and snow-blowers
Other boring or sinking machinery: Self-propelled : Petroleum and gas well drilling machinery
9%
9%
18%
0%
Description of Goods
Other boring or sinking machinery: Self-propelled : Petroleum and gas well drilling machinery
Chapter
84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
Sub Chapter
8430 - Other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; pile-drivers and pile-extractors; snowploughs and snow-blowers
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Petroleum/Gas Well Drilling Machinery (Self-Propelled) does not include products with the following descriptions.
Pile-drivers and pile-extractors : Pile-drivers
Pile-drivers and pile-extractors : Pile-extractors
Snow-ploughs and snow-blowers
Coal or rock cutters and tunneling machinery: Self-propelled: Coal cutters
Coal or rock cutters and tunneling machinery: Self-propelled: Tunneling machinery
Coal or rock cutters and tunneling machinery: Self-propelled: Other
Coal or rock cutters and tunneling machinery: Other
Other boring or sinking machinery: Self-propelled : Tube well drilling and core drilling machinery
Other boring or sinking machinery: Self-propelled : Rock drilling machinery
Other boring or sinking machinery: Self-propelled : Other
Other boring or sinking machinery: Other
Other machinery, self-propelled : Mining machinery (excluding coal mining)
Other machinery, self-propelled : Other
Other machinery, not self-propelled: Tamping or compacting machinery
Other machinery, not self-propelled: Other
Pile-drivers and pile-extractors : Pile-drivers
Pile-drivers and pile-extractors : Pile-extractors
Snow-ploughs and snow-blowers
Coal or rock cutters and tunneling machinery: Self-propelled: Coal cutters
Coal or rock cutters and tunneling machinery: Self-propelled: Tunneling machinery
Coal or rock cutters and tunneling machinery: Self-propelled: Other
Coal or rock cutters and tunneling machinery: Other
Other boring or sinking machinery: Self-propelled : Tube well drilling and core drilling machinery
Other boring or sinking machinery: Self-propelled : Rock drilling machinery
Other boring or sinking machinery: Self-propelled : Other
Other boring or sinking machinery: Other
Other machinery, self-propelled : Mining machinery (excluding coal mining)
Other machinery, self-propelled : Other
Other machinery, not self-propelled: Tamping or compacting machinery
Other machinery, not self-propelled: Other
India’s Exports
FY 2024-25₹99 Cr
0.0027% of India’s total exports
India’s Imports
FY 2024-25₹141 Cr
0.0023% of India’s total imports
Trade Balance
FY 2024-25−₹42 Cr
Surplus rank #10108 of 12657 HSN codes
% of Sub-Chapter 8430
FY 2024-255.08%
Share of Sub-Chapter 8430’s total exports in FY 2024-25
Import side: 4.78% of Sub-Chapter 8430’s imports
Rank Within Sub-Chapter 8430
FY 2024-25#6 of 16
Position by export value among HSN codes in Sub-Chapter 8430
Import-side rank: #7 of 16
At a glance
−15.05%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2674
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+161.80%
Peak Growth Year
FY 2021-22 · strongest single-year move
5.08%
Contribution to Sub-Ch. 8430
Share of Sub-Chapter 8430 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−15.67
Exports
263.89 ₹ Cr
0.0115% share
— YoY
17.91% of Sub-Ch. 8430
Imports
279.56 ₹ Cr
0.0078% share
— YoY
10.32% of Sub-Ch. 8430
Balance
−201.90
Exports
109.70 ₹ Cr
0.0050% share
−58.43% YoY
12.84% of Sub-Ch. 8430
Imports
311.60 ₹ Cr
0.0093% share
+11.46% YoY
9.85% of Sub-Ch. 8430
Balance
−44.77
Exports
114.80 ₹ Cr
0.0053% share
+4.65% YoY
11.78% of Sub-Ch. 8430
Imports
159.57 ₹ Cr
0.0055% share
−48.79% YoY
7.09% of Sub-Ch. 8430
Balance
−156.92
Exports
300.55 ₹ Cr
0.0096% share
+161.80% YoY
25.06% of Sub-Ch. 8430
Imports
457.47 ₹ Cr
0.0100% share
+186.69% YoY
13.71% of Sub-Ch. 8430
Balance
+73.59
Exports
246.98 ₹ Cr
0.0068% share
−17.82% YoY
23.15% of Sub-Ch. 8430
Imports
173.39 ₹ Cr
0.0030% share
−62.10% YoY
4.28% of Sub-Ch. 8430
Balance
−74.87
Exports
187.40 ₹ Cr
0.0052% share
−24.12% YoY
5.88% of Sub-Ch. 8430
Imports
262.27 ₹ Cr
0.0047% share
+51.26% YoY
9.19% of Sub-Ch. 8430
Balance
−41.83
Exports
99.15 ₹ Cr
0.0027% share
−47.09% YoY
5.08% of Sub-Ch. 8430
Imports
140.98 ₹ Cr
0.0023% share
−46.25% YoY
4.78% of Sub-Ch. 8430
CAGR · 7-Year
Exports
−15.05% /yr
Imports
−10.78% /yr
reference, FY 2024-25
Export
₹1,952.31 Cr
Import
₹2,951.52 Cr
Trade Balance
−999.21
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.
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.
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.
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.
India's imports under HSN Code 84304120 have grown at −10.78% CAGR, reaching ₹140.98 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 84304120 and GST compliance.
It includes Other Machinery, Self-Propelled | Other
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).
Under HSN 84304120, Petroleum/Gas Well Drilling Machinery (Self-Propelled) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.