72042990Tariff Item (8-digit)Section XV

HSN Code 72042990 – Ferrous Waste And Scrap

Full GST classification for Ferrous Waste And Scrap — chapter, heading and tariff hierarchy, and related HSN codes.

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HSN Code

72042990

Chapter

72

Digits

8-digit

Section

XV

What is HSN Code 72042990?

HSN code 72042990 is the Harmonized System of Nomenclature classification for Ferrous Waste And Scrap under India's Goods and Services Tax (GST). It is a 8-digit code sitting at the tariff item (8-digit) level of the HSN hierarchy.

This code belongs to Chapter 72 — Iron And Steel, which is part of Section XV: Base Metals & Articles Thereof. Every GST-registered business supplying ferrous waste and scrap must quote HSN 72042990 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.

Classification breakdown of 72042990

LevelCodeDescription
Chapter72iron and steel
Heading7204ferrous waste and scrap; remelting scrap ingots of iron or steel
Sub-heading720429other :
Tariff72042990other

GST rate for HSN 72042990

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HSN Code 72042990 — FAQs

What is HSN code 72042990?

HSN code 72042990 classifies "Ferrous Waste And Scrap" under India's GST regime. It falls under Chapter 72 (Iron And Steel) of the Harmonized System of Nomenclature.

How many digits is HSN code 72042990?

72042990 is a 8-digit HSN code — a tariff item (8-digit). Businesses declare 4-digit HSN (turnover up to ₹5 crore) or 6-digit HSN (above ₹5 crore) on GST invoices; 8-digit codes are used for exports and imports.

Which chapter does HSN code 72042990 belong to?

HSN 72042990 belongs to Chapter 72 — Iron And Steel, part of Section XV: Base Metals & Articles Thereof.

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