Consistent Export Growth: 7.16% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7306 have grown at a compound annual rate of 7.16% over 7 fiscal years, rising from ₹4,045.37 Crore in FY 2018-19 to ₹6,127.23 Crore in FY 2024-25.
HSN Sub Chapter 7306 represents Iron & steel pipes & tubes under GST classification. This code helps businesses identify Iron & steel pipes & tubes correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7306, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Iron & steel pipes & tubes.
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GST Rate for Iron & steel pipes & tubes under HSN Code 7306. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Iron & steel pipes & tubes.
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines: Welded ,of stainless steel
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines: Other: Galvanised pipes: Of iron
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines: Other: Galvanised pipes: Other
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines: Other: Non galvanised pipes: Of iron
Tariff HSN
Description
Line pipe of a kind used for oil or gas pipelines: Other: Non galvanised pipes: Other
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
Casing and tubing of a kind used in drilling for oil or gas: Welded, of stainless steel
Tariff HSN
Description
Casing and tubing of a kind used in drilling for oil or gas: Other: Of iron
Tariff HSN
Description
Casing and tubing of a kind used in drilling for oil or gas: Other: Other
Tariff HSN
Description
Other, welded, of circular cross-section, of iron or non-alloy steel: Of iron
Tariff HSN
Description
Other, welded, of circular cross-section, of iron or non-alloy steel: Other
Tariff HSN
Description
Other, welded, of circular cross- section, of stainless steel
Tariff HSN
Description
Other, welded, of circular cross- section, of other alloy steel
Tariff HSN
Description
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
Tariff HSN
Description
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
Tariff HSN
Description
Other, welded, of non-circular cross-section: Of square or rectangular- cross- section
Tariff HSN
Description
Other, welded, of non-circular cross-section: Of other non-circular cross- section
Tariff HSN
Description
Other: ERW precision tubes: Of iron
Tariff HSN
Description
Other: ERW precision tubes: Other
Tariff HSN
Description
Other: Other
India’s Exports
FY 2024-25₹6,127 Cr
0.1654% of India’s total exports
India’s Imports
FY 2024-25₹1,744 Cr
0.0286% of India’s total imports
Trade Balance
FY 2024-25₹4,383 Cr
Surplus rank #82 of 1233 subchapters
% of Chapter 73
FY 2024-257.11%
Share of Chapter 73’s total exports in FY 2024-25
Import side: 3.92% of Chapter 73’s imports
Rank Within Chapter 73
FY 2024-25#7 of 26
Position by export value among subchapters in Chapter 73
Import-side rank: #7 of 26
At a glance
7.16%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#114
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+97.09%
Peak Growth Year
FY 2021-22 · strongest single-year move
7.11%
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
+809.07
Exports
4,045.37 ₹ Cr
0.1762% share
— YoY
7.93% of Ch. 73
Imports
3,236.30 ₹ Cr
0.0901% share
— YoY
9.08% of Ch. 73
Balance
+1,083.84
Exports
3,618.10 ₹ Cr
0.1638% share
−10.56% YoY
7.26% of Ch. 73
Imports
2,534.26 ₹ Cr
0.0755% share
−21.69% YoY
7.69% of Ch. 73
Balance
+1,309.56
Exports
3,202.76 ₹ Cr
0.1489% share
−11.48% YoY
6.57% of Ch. 73
Imports
1,893.20 ₹ Cr
0.0650% share
−25.30% YoY
6.77% of Ch. 73
Balance
+4,161.41
Exports
6,312.41 ₹ Cr
0.2011% share
+97.09% YoY
9.57% of Ch. 73
Imports
2,151.00 ₹ Cr
0.0471% share
+13.62% YoY
6.13% of Ch. 73
Balance
+3,740.22
Exports
6,162.96 ₹ Cr
0.1702% share
−2.37% YoY
7.82% of Ch. 73
Imports
2,422.74 ₹ Cr
0.0421% share
+12.63% YoY
6.29% of Ch. 73
Balance
+3,877.23
Exports
6,191.18 ₹ Cr
0.1711% share
+0.46% YoY
7.52% of Ch. 73
Imports
2,313.95 ₹ Cr
0.0412% share
−4.49% YoY
5.47% of Ch. 73
Balance
+4,382.94
Exports
6,127.23 ₹ Cr
0.1654% share
−1.03% YoY
7.11% of Ch. 73
Imports
1,744.29 ₹ Cr
0.0286% share
−24.62% YoY
3.92% of Ch. 73
CAGR · 7-Year
Exports
7.16% /yr
Imports
−9.79% /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 7306 have grown at a compound annual rate of 7.16% over 7 fiscal years, rising from ₹4,045.37 Crore in FY 2018-19 to ₹6,127.23 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7306 ranks #114 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #7 of 26. By trade surplus, it ranks #82 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7306 was recorded in FY 2021-22, when exports surged by 97.09% over the prior year.
In FY 2024-25, India's exports of ₹6,127.23 Cr exceeded imports of ₹1,744.29 Cr, resulting in a trade surplus of ₹4,382.94 Crore — ranking #82 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7306 have grown at −9.79% CAGR, reaching ₹1,744.29 Crore in FY 2024-25.
Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7306 ranks #7 by export value — accounting for 7.11% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.92% 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 Sub Chapter 7306 and GST compliance.
It includes Iron & steel pipes & tubes
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Iron & steel pipes & tubes is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
If your outward supply of Iron & steel pipes & tubes 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.