HSN Codes · Chapter 72: Iron and Steel
HSN Code 72042920
Ferrous waste and scrap; remelting scrap ingots of iron or steel — other — of high speed steel
Typical GST rate
Varies
Depends on sub-classification
Type
Goods
HSN classification
Code level
8-digit
Tariff item
Reading code 72042920
The first two digits (72) place this code in chapter 72 — Iron and Steel. Heading 7204 groups the product family, and the remaining digits pin down this specific 8-digit classification. 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.
Parent heading
7204 — Ferrous waste and scrap; remelting scrap ingots of iron or steel
Related codes in heading 7204
- 72041000 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — waste and scrap of cast iron — waste and scrap of cast iron
- 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
- 72042910 — Empty or discharged cartridges of all bores and sizes
- 72042990 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — other — other
- 72043000 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — waste and scrap of tinned iron or steel — waste and scrap of tinned iron or steel
- 72044100 — Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles
- 72044900 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — other — other
- 72045000 — Ferrous waste and scrap; remelting scrap ingots of iron or steel — remelting scrap ingots — remelting scrap ingots
Frequently asked questions
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