HSN Codes · Chapter 72: Iron and Steel

HSN Code 7204

Ferrous waste and scrap; remelting scrap ingots of iron or steel

Typical GST rate

Varies

Depends on sub-classification

Type

Goods

HSN classification

Code level

4-digit

Heading

Reading code 7204

The first two digits (72) place this code in chapter 72 — Iron and Steel. As a 4-digit heading it groups a whole product family; 6 and 8-digit codes underneath it get more specific. Remember: you can never invent a shorter code by truncating a longer one — only codes that exist in the official tariff are valid.

Primary iron and steel — ingots, HR/CR coils, bars, rods, TMT, and wire. The raw-material chapter for every steel trader, at 18% GST.

More specific codes under 7204

  • 720410 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — waste and scrap of cast iron
  • 72041000 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — waste and scrap of cast iron — waste and scrap of cast iron
  • 720421 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — of stainless steel
  • 72042110 — Empty or discharged cartridges of all bores and sizes
  • 72042190 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — of stainless steel — other
  • 720429 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — other
  • 72042910 — Empty or discharged cartridges of all bores and sizes
  • 72042920 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — other — of high speed steel
  • 72042990 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — other — other
  • 720430 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — waste and scrap of tinned iron or steel

Frequently asked questions

The GST rate under 7204 depends on the specific item and applicable notifications. Check the classification with our HSN code finder and confirm the rate before invoicing.
Businesses with annual aggregate turnover of ₹5 crore or more must report at least 6 digits on e-invoices and e-way bills; below ₹5 crore, 4 digits is the B2B minimum. Exports require 8 digits.
Every line item on a GST tax invoice carries its HSN code alongside the description, quantity, taxable value, and tax breakup. The code also flows into your GSTR-1 HSN summary and e-way bills.

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