Consistent Export Growth: 1.94% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7303 have grown at a compound annual rate of 1.94% over 7 fiscal years, rising from ₹1,188.22 Crore in FY 2018-19 to ₹1,333.77 Crore in FY 2024-25.
HSN Sub Chapter 7303 represents Cast iron tubes and pipes under GST classification. This code helps businesses identify Cast iron tubes and pipes correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7303, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Cast iron tubes and pipes.
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GST Rate for Cast iron tubes and pipes under HSN Code 7303. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Cast iron tubes and pipes.
Tariff HSN
Description
Tubes, pipes and hollow profiles, of cast iron: Rain water pipe
Tariff HSN
Description
Tubes, pipes and hollow profiles, of cast iron: Soil pipe
Tariff HSN
Description
Tubes, pipes and hollow profiles, of cast iron: Spun pipe
Tariff HSN
Description
Tubes, pipes and hollow profiles, of cast iron: Other
India’s Exports
FY 2024-25₹1,334 Cr
0.0360% of India’s total exports
India’s Imports
FY 2024-25₹10 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25₹1,324 Cr
Surplus rank #164 of 1233 subchapters
% of Chapter 73
FY 2024-251.55%
Share of Chapter 73’s total exports in FY 2024-25
Import side: 0.02% of Chapter 73’s imports
Rank Within Chapter 73
FY 2024-25#11 of 26
Position by export value among subchapters in Chapter 73
Import-side rank: #26 of 26
At a glance
1.94%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#339
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+31.70%
Peak Growth Year
FY 2022-23 · strongest single-year move
1.55%
Contribution to Ch. 73
Share of Chapter 73 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
+1,175.14
Exports
1,188.22 ₹ Cr
0.0518% share
— YoY
2.33% of Ch. 73
Imports
13.08 ₹ Cr
0.0004% share
— YoY
0.04% of Ch. 73
Balance
+1,248.99
Exports
1,274.91 ₹ Cr
0.0577% share
+7.30% YoY
2.56% of Ch. 73
Imports
25.92 ₹ Cr
0.0008% share
+98.17% YoY
0.08% of Ch. 73
Balance
+965.44
Exports
973.02 ₹ Cr
0.0452% share
−23.68% YoY
2.00% of Ch. 73
Imports
7.58 ₹ Cr
0.0003% share
−70.76% YoY
0.03% of Ch. 73
Balance
+1,188.24
Exports
1,196.28 ₹ Cr
0.0381% share
+22.95% YoY
1.81% of Ch. 73
Imports
8.04 ₹ Cr
0.0002% share
+6.07% YoY
0.02% of Ch. 73
Balance
+1,557.90
Exports
1,575.48 ₹ Cr
0.0435% share
+31.70% YoY
2.00% of Ch. 73
Imports
17.58 ₹ Cr
0.0003% share
+118.66% YoY
0.05% of Ch. 73
Balance
+1,378.74
Exports
1,423.23 ₹ Cr
0.0393% share
−9.66% YoY
1.73% of Ch. 73
Imports
44.49 ₹ Cr
0.0008% share
+153.07% YoY
0.11% of Ch. 73
Balance
+1,324.03
Exports
1,333.77 ₹ Cr
0.0360% share
−6.29% YoY
1.55% of Ch. 73
Imports
9.74 ₹ Cr
0.0002% share
−78.11% YoY
0.02% of Ch. 73
CAGR · 7-Year
Exports
1.94% /yr
Imports
−4.80% /yr
reference, FY 2024-25
Export
₹86,156.43 Cr
Import
₹44,501.24 Cr
Trade Balance
+41,655.19
India's exports under HSN Sub-Chapter 7303 have grown at a compound annual rate of 1.94% over 7 fiscal years, rising from ₹1,188.22 Crore in FY 2018-19 to ₹1,333.77 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7303 ranks #339 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #11 of 26. By trade surplus, it ranks #164 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7303 was recorded in FY 2022-23, when exports surged by 31.70% over the prior year.
In FY 2024-25, India's exports of ₹1,333.77 Cr exceeded imports of ₹9.74 Cr, resulting in a trade surplus of ₹1,324.03 Crore — ranking #164 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7303 have grown at −4.80% CAGR, reaching ₹9.74 Crore in FY 2024-25.
Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7303 ranks #11 by export value — accounting for 1.55% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #26).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 7303 and GST compliance.
It includes Cast iron tubes and pipes
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.