7307 HSN Code: Tool sets for retail sale

HSN Sub Chapter 7307 represents Tool sets for retail sale under GST classification. This code helps businesses identify Tool sets for retail sale correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7307, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Tool sets for retail sale.

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New GST Rate for HSN Code 7307

GST Rate for Tool sets for retail sale under HSN Code 7307. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

73

HSN Code

7307

HSN Description

Tube or pipe fittings (for example, couplings, elbows, sleeves), of iron or steel

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7307

Following tariff HSN codes fall under Tool sets for retail sale.

Tariff HSN

73071110

Description

Cast fittings : Of non-malleable cast iron : Sponge iron cast fittings

Tariff HSN

73071120

Description

Cast fittings : Of non-malleable cast iron : SG iron cast fittings

Tariff HSN

73071190

Description

Cast fittings : Of non-malleable cast iron : Other

Tariff HSN

73071900

Description

Cast fittings : Other

Tariff HSN

73072100

Description

Other, of stainless steel : Flanges

Tariff HSN

73072200

Description

Other, of stainless steel : Threaded elbows, bends and sleeves

Tariff HSN

73072300

Description

Other, of stainless steel : Butt welding fittings

Tariff HSN

73072900

Description

Other, of stainless steel : Other

Tariff HSN

73079110

Description

Other : Flanges : Galvanised

Tariff HSN

73079190

Description

Other : Flanges : Other

Tariff HSN

73079210

Description

Other : Threaded elbows, bends and sleeves : Galvanised

Tariff HSN

73079290

Description

Other : Threaded elbows, bends and sleeves : Other

Tariff HSN

73079310

Description

Other : Butt welding fittings : Galvanised

Tariff HSN

73079390

Description

Other : Butt welding fittings : Other

Tariff HSN

73079910

Description

Other : Other : Galvanised

Tariff HSN

73079990

Description

Other : Other : Other

India’s Trade Performance — HSN Sub-Chapter 7307 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹8,984 Cr

+16.58% vs FY 2023-24

0.2426% of India’s total exports

India’s Imports

FY 2024-25

₹3,221 Cr

+5.74% vs FY 2023-24

0.0528% of India’s total imports

Trade Balance

FY 2024-25

₹5,763 Cr

Trade Surplus

Surplus rank #63 of 1233 subchapters

% of Chapter 73

FY 2024-25

10.43%

Share of Chapter 73’s total exports in FY 2024-25

Import side: 7.24% of Chapter 73’s imports

Rank Within Chapter 73

FY 2024-25

#4 of 26

Position by export value among subchapters in Chapter 73

Import-side rank: #4 of 26

At a glance

10.42%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#78

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+66.73%

Peak Growth Year

FY 2021-22 · strongest single-year move

10.43%

Contribution to Ch. 73

Share of Chapter 73 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7307

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #85

Balance

+3,161.93

Exports

4,956.57 ₹ Cr

0.2159% share

— YoY

9.72% of Ch. 73

Imports

1,794.64 ₹ Cr

0.0500% share

— YoY

5.03% of Ch. 73

FY 2019-20 Exp. Rank #91

Balance

+2,473.77

Exports

4,431.00 ₹ Cr

0.2006% share

−10.60% YoY

8.89% of Ch. 73

Imports

1,957.23 ₹ Cr

0.0583% share

+9.06% YoY

5.94% of Ch. 73

FY 2020-21 Exp. Rank #117

Balance

+1,972.95

Exports

3,770.89 ₹ Cr

0.1753% share

−14.90% YoY

7.73% of Ch. 73

Imports

1,797.94 ₹ Cr

0.0617% share

−8.14% YoY

6.43% of Ch. 73

FY 2021-22 Exp. Rank #88

Balance

+3,949.49

Exports

6,287.19 ₹ Cr

0.2003% share

+66.73% YoY

9.54% of Ch. 73

Imports

2,337.70 ₹ Cr

0.0511% share

+30.02% YoY

6.66% of Ch. 73

FY 2022-23 Exp. Rank #78

Balance

+5,338.57

Exports

7,889.22 ₹ Cr

0.2179% share

+25.48% YoY

10.01% of Ch. 73

Imports

2,550.65 ₹ Cr

0.0444% share

+9.11% YoY

6.63% of Ch. 73

FY 2023-24 Exp. Rank #80

Balance

+4,659.77

Exports

7,706.16 ₹ Cr

0.2130% share

−2.32% YoY

9.36% of Ch. 73

Imports

3,046.39 ₹ Cr

0.0542% share

+19.44% YoY

7.20% of Ch. 73

FY 2024-25 Exp. Rank #78

Balance

+5,762.75

Exports

8,984.02 ₹ Cr

0.2426% share

+16.58% YoY

10.43% of Ch. 73

Imports

3,221.27 ₹ Cr

0.0528% share

+5.74% YoY

7.24% of Ch. 73

CAGR · 7-Year

Exports

10.42% /yr

Imports

10.24% /yr

Consistently Surplus
Chapter 73 total

reference, FY 2024-25

Export

₹86,156.43 Cr

Import

₹44,501.24 Cr

Trade Balance

+41,655.19

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 7307 Export-Import Analysis

Consistent Export Growth: 10.42% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7307 have grown at a compound annual rate of 10.42% over 7 fiscal years, rising from ₹4,956.57 Crore in FY 2018-19 to ₹8,984.02 Crore in FY 2024-25.

HSN Sub-Chapter 7307 Ranked #78 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7307 ranks #78 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #4 of 26. By trade surplus, it ranks #63 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7307 Exports

The strongest single-year export movement for HSN Sub-Chapter 7307 was recorded in FY 2021-22, when exports surged by 66.73% over the prior year.

India Maintains a Trade Surplus of ₹5,762.75 Crore in HSN Sub-Chapter 7307 Goods

In FY 2024-25, India's exports of ₹8,984.02 Cr exceeded imports of ₹3,221.27 Cr, resulting in a trade surplus of ₹5,762.75 Crore — ranking #63 of 1233 by surplus magnitude.

Import Growth of 10.24% CAGR Signals Rising Demand for Tool sets for retail sale

India's imports under HSN Sub-Chapter 7307 have grown at 10.24% CAGR, reaching ₹3,221.27 Crore in FY 2024-25.

HSN Sub-Chapter 7307 Contributes 10.43% of Chapter 73 Exports — Ranked #4

Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7307 ranks #4 by export value — accounting for 10.43% of the chapter's total exports in FY 2024-25. On the import side, it holds 7.24% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7307 and GST compliance.

What products are classified under HSN 7307

It includes Tool sets for retail sale

Can I claim ITC on inputs and services used for Tool sets for retail sale?

If your outward supply of Tool sets for retail sale 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.

Any import/export nuance for Tool sets for retail sale?

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.

How should I document Tool sets for retail sale sent for job work?

Use a delivery challan for sending Tool sets for retail sale to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

Does MRP, weight or pack size change GST treatment for Tool sets for retail sale?

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.

How are warranty replacements of Tool sets for retail sale handled?

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.

Do spares or accessories of Tool sets for retail sale follow the same HSN?

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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