Drill Bit HSN Code
GST rates and HSN code for Drill Bit.
| Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
|---|---|---|---|---|---|---|
| Iron and steel | Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Hollow Drill Bars And Rods : Of Alloy Steel | 72288010 | 18% | – | 01/07/2017 | – |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Other Bars And Rods, Not Further Worked Than Cold-Formed Or Cold-Finished : Other | 72285090 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Other Bars And Rods, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded : Bright Bars : Of Alloy | 72283011 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Other Bars And Rods, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded : Bright Bars : Other | 72283019 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Other Bars And Rods : Other : Tool And Die Steel | 72286094 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Hollow Drill Bars And Rods : Of Non Alloy Steel, Forged | 72288020 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Bars And Rods, Of Silico-Manganese Steel | 72282000 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Other Bars And Rods : Other : Lead Bearing Steel | 72286091 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Hollow Drill Bars And Rods : Other | 72288090 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Other Bars And Rods : Other : Other | 72286099 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Other Bars And Rods, Not Further Worked Than Cold-Formed Or Cold-Finished : Of Engine Valves And Cold He | 72285010 | 18% | – | 01/07/2017 | – | |
| Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Other Bars And Rods, Not Further Worked Than Forged | 72284000 | 18% | – | 01/07/2017 | – | |
| Articles of iron or steel | Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: — Other, Of Stailess Steel | 73042400 | 18% | – | 01/07/2017 | – |
| Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: — Other Drill Pipe: — Other | 73042390 | 18% | – | 01/07/2017 | – | |
| Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: — Other Drill Pipe: — Of Iron | 73042310 | 18% | – | 01/07/2017 | – | |
| Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: — Other — Other | 73042990 | 18% | – | 01/07/2017 | – | |
| Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: — Other — Of Iron | 73042910 | 18% | – | 01/07/2017 | – | |
| Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: — Drill Pipe Of Stailess Steel | 73042200 | 18% | – | 01/07/2017 | – | |
| Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas : Drill Pipe : Other | 73042190 | 18% | – | 01/07/2017 | – | |
| Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas : Drill Pipe : Of Iron | 73042110 | 18% | – | 01/07/2017 | – |
Understanding the Drill Bit HSN Code
Navigating the Goods and Services Tax (GST) system requires a clear understanding of the Harmonized System of Nomenclature (HSN) codes for various goods. If your business deals with drill bits, knowing the correct HSN code is essential for accurate invoicing and compliance. Let’s explore the HSN codes and GST rates applicable to drill bits based on the provided data.
The data indicates that drill bits can fall under several HSN codes, primarily within the chapter “Iron and steel” and “Articles of iron or steel”. Here’s a breakdown of the potential HSN codes and their corresponding details:
- 72288010: This code specifies “Hollow Drill Bars And Rods : Of Alloy Steel”. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72285090: This HSN code covers “Other Bars And Rods, Not Further Worked Than Cold-Formed Or Cold-Finished : Other”. This could include certain types of drill bit blanks or rods before final processing. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72283011: This code applies to “Other Bars And Rods, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded : Bright Bars : Of Alloy”. This might encompass alloy steel bars used in the manufacturing of drill bits. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72283019: Similar to the above, this HSN code is for “Other Bars And Rods, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded : Bright Bars : Other” (non-alloy). This could also relate to the raw material for some drill bits. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72286094: This code is for “Other Bars And Rods : Other : Tool And Die Steel”. Certain specialized drill bits made from tool and die steel might fall under this category. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72288020: This HSN code describes “Hollow Drill Bars And Rods : Of Non Alloy Steel, Forged”. This specifically covers forged non-alloy steel hollow drill bars and rods. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72282000: This code is for “Bars And Rods, Of Silico-Manganese Steel”. Drill bits made from this specific type of steel would be classified here. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72286091: This HSN code covers “Other Bars And Rods : Other : Lead Bearing Steel”. Drill bits made with lead-bearing steel would fall under this. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72288090: This is a broader category for “Hollow Drill Bars And Rods : Other” (alloy or non-alloy steel not elsewhere specified). The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72286099: This is another residual category for “Other Bars And Rods : Other : Other”. Certain specialized drill bit materials might be classified here. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72285010: This code is specifically for “Other Bars And Rods, Not Further Worked Than Cold-Formed Or Cold-Finished : Of Engine Valves And Cold He”. While seemingly specific, it highlights that the classification can depend on the intended use or material composition. The GST rate is 18% with no CESS, effective from 01/07/2017.
- 72284000: This HSN code covers “Other Bars And Rods, Not Further Worked Than Forged”. Forged drill bit blanks could be classified here. The GST rate is 18% with no CESS, effective from 01/07/2017.
Additionally, the data includes HSN codes under the chapter “Articles of iron or steel” that pertain to tubes, pipes, and hollow profiles used in drilling, which could include certain types of drill pipes or components:
- 73042400, 73042390, 73042310, 73042990, 73042910, 73042200, 73042190, 73042110: These HSN codes all relate to “Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas”. The GST rate for all these codes is 18% with no CESS, effective from 01/07/2017.
Determining the precise HSN code for a specific drill bit depends on its material composition (alloy or non-alloy steel, silico-manganese steel, etc.), its form (hollow bars, rods, bright bars), and whether it’s further worked or forged. Consulting with a tax professional is recommended for accurate classification.
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