720430Sub-heading (6-digit)Section XV

HSN Code 720430 – Waste And Scrap Of Tinned Iron Or Steel

Full GST classification for Waste And Scrap Of Tinned Iron Or Steel — chapter, heading and tariff hierarchy, GST rate slabs and related HSN codes. Updated for India GST.

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HSN Code

720430

Chapter

72

Digits

6-digit

Section

XV

What is HSN Code 720430?

HSN code 720430 is the Harmonized System of Nomenclature classification for Waste And Scrap Of Tinned Iron Or Steel under India's Goods and Services Tax (GST). It is a 6-digit code sitting at the sub-heading (6-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 waste and scrap of tinned iron or steel must quote HSN 720430 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.

Classification breakdown of 720430

LevelCodeDescription
Chapter72iron and steel
Heading7204ferrous waste and scrap; remelting scrap ingots of iron or steel
Sub-heading720430waste and scrap of tinned iron or steel

GST rate for HSN 720430

Goods under HSN 720430 attract GST at one of the five standard slabs. The exact rate depends on the specific product and the latest GST Council notification — always confirm before invoicing.

0%

Nil / Exempt

Fresh produce, milk, cereals, books

5%

Merit rate

Essentials, packaged food, transport

12%

Standard-low

Processed food, mobiles, apparel > ₹1,000

18%

Standard

Most goods, electronics, services

28%

Demerit / luxury

Cars, cement, aerated drinks, tobacco

Find the exact GST rate for Waste And Scrap Of Tinned Iron Or Steel →

HSN Code 720430 — FAQs

What is HSN code 720430?

HSN code 720430 classifies "Waste And Scrap Of Tinned Iron Or Steel" 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 720430?

720430 is a 6-digit HSN code — a sub-heading (6-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.

What is the GST rate for HSN code 720430?

Goods under HSN 720430 are taxed at one of the GST slabs — 0%, 5%, 12%, 18% or 28% — depending on the exact product and the latest GST Council notification. Use the Laabam.One GST Rate Finder to confirm the current rate for Waste And Scrap Of Tinned Iron Or Steel.

Which chapter does HSN code 720430 belong to?

HSN 720430 belongs to Chapter 72 — Iron And Steel, part of Section XV: Base Metals & Articles Thereof.

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