Consistent Export Growth: 19.62% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7305 have grown at a compound annual rate of 19.62% over 7 fiscal years, rising from ₹2,773.58 Crore in FY 2018-19 to ₹8,126.89 Crore in FY 2024-25.
HSN Sub Chapter 7305 represents Large Steel Pipes under GST classification. This code helps businesses identify Large Steel Pipes correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7305, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Large Steel Pipes.
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GST Rate for Large Steel Pipes under HSN Code 7305. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Large Steel Pipes.
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Longitudinally submerged arc welded : Galvanised pipes : Of iron
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Longitudinally submerged arc welded : Galvanised pipes : Other
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Longitudinally submerged arc welded : Non-galvanised pipes : Of iron
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Longitudinally submerged arc welded : Non-galvanised pipes : Other
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Other, longitudinally welded : Galvanised pipes : Of iron
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Other, longitudinally welded : Galvanised pipes : Other
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Other, longitudinally welded : Non-galvanised pipes : Of iron
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Other, longitudinally welded : Non-galvanised pipes : Other
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Other, longitudinally welded : Other: Galvanised pipes : Of iron
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Other, longitudinally welded : Other: Galvanised pipes : Other
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Other, longitudinally welded : Other: Non-galvanised (black) pipes : Of iron
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines : Other, longitudinally welded : Other: Non-galvanised (black) pipes : Other
Tariff HSN
Description
Casing of a kind used in drilling for oil or gas : Of iron
Tariff HSN
Description
Casing of a kind used in drilling for oil or gas : Other
Tariff HSN
Description
Other, welded : Longitudinally welded: Of iron
Tariff HSN
Description
Other, welded : Longitudinally welded: Other
Tariff HSN
Description
Other, welded : Other : Of iron
Tariff HSN
Description
Other, welded : Other : Other
Tariff HSN
Description
Other : High pressure hydroelectric conduits of steel
Tariff HSN
Description
Other : ERW precision tubes : Of iron
Tariff HSN
Description
Other : ERW precision tubes : Other
Tariff HSN
Description
Other : Other : Of iron
Tariff HSN
Description
Other : Other : Other
India’s Exports
FY 2024-25₹8,127 Cr
0.2194% of India’s total exports
India’s Imports
FY 2024-25₹111 Cr
0.0018% of India’s total imports
Trade Balance
FY 2024-25₹8,016 Cr
Surplus rank #42 of 1233 subchapters
% of Chapter 73
FY 2024-259.43%
Share of Chapter 73’s total exports in FY 2024-25
Import side: 0.25% of Chapter 73’s imports
Rank Within Chapter 73
FY 2024-25#5 of 26
Position by export value among subchapters in Chapter 73
Import-side rank: #22 of 26
At a glance
19.62%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#84
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+95.07%
Peak Growth Year
FY 2022-23 · strongest single-year move
9.43%
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
+2,629.27
Exports
2,773.58 ₹ Cr
0.1208% share
— YoY
5.44% of Ch. 73
Imports
144.31 ₹ Cr
0.0040% share
— YoY
0.40% of Ch. 73
Balance
+3,414.67
Exports
3,777.58 ₹ Cr
0.1710% share
+36.20% YoY
7.58% of Ch. 73
Imports
362.91 ₹ Cr
0.0108% share
+151.48% YoY
1.10% of Ch. 73
Balance
+4,477.14
Exports
4,537.33 ₹ Cr
0.2110% share
+20.11% YoY
9.31% of Ch. 73
Imports
60.19 ₹ Cr
0.0021% share
−83.41% YoY
0.22% of Ch. 73
Balance
+1,758.87
Exports
1,985.10 ₹ Cr
0.0633% share
−56.25% YoY
3.01% of Ch. 73
Imports
226.23 ₹ Cr
0.0049% share
+275.86% YoY
0.64% of Ch. 73
Balance
+3,527.10
Exports
3,872.28 ₹ Cr
0.1069% share
+95.07% YoY
4.91% of Ch. 73
Imports
345.18 ₹ Cr
0.0060% share
+52.58% YoY
0.90% of Ch. 73
Balance
+6,216.70
Exports
6,850.21 ₹ Cr
0.1893% share
+76.90% YoY
8.32% of Ch. 73
Imports
633.51 ₹ Cr
0.0113% share
+83.53% YoY
1.50% of Ch. 73
Balance
+8,015.98
Exports
8,126.89 ₹ Cr
0.2194% share
+18.64% YoY
9.43% of Ch. 73
Imports
110.91 ₹ Cr
0.0018% share
−82.49% YoY
0.25% of Ch. 73
CAGR · 7-Year
Exports
19.62% /yr
Imports
−4.29% /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 7305 have grown at a compound annual rate of 19.62% over 7 fiscal years, rising from ₹2,773.58 Crore in FY 2018-19 to ₹8,126.89 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7305 ranks #84 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #5 of 26. By trade surplus, it ranks #42 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7305 was recorded in FY 2022-23, when exports surged by 95.07% over the prior year.
In FY 2024-25, India's exports of ₹8,126.89 Cr exceeded imports of ₹110.91 Cr, resulting in a trade surplus of ₹8,015.98 Crore — ranking #42 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7305 have grown at −4.29% CAGR, reaching ₹110.91 Crore in FY 2024-25.
Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7305 ranks #5 by export value — accounting for 9.43% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.25% share (rank #22).
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 7305 and GST compliance.
It includes Large Steel Pipes
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Large Steel Pipes are forward charge. Check the current notifications for any special cases before deciding.
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.
If your outward supply of Large Steel Pipes is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
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.
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.