What products are classified under HSN 72039000 ?
It includes Alloy steel waste and scrap
HSN Code 72039000 represents Other Ferrous Products from Iron Ore under GST classification. This code helps businesses identify Other Ferrous Products from Iron Ore correctly for billing, taxation, and trade. With HSN Code 72039000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other Ferrous Products from Iron Ore.
HSN Code 72039000 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 72 | Iron and steel | 7203 | Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having minimum purity by weight of 99.94%, in lumps, pellets or similar forms | Other | 9% | 9% | 18% | 0% |
| 72 | Iron and steel | 7203 | Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having minimum purity by weight of 99.94%, in lumps, pellets or similar forms | Other | 9% | 9% | 18% | 0% |
Description of goods
Other
Chapter
72 – Iron and steel
Sub Chapter
7203 – Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having minimum purity by weight of 99.94%, in lumps, pellets or similar forms
Description of goods
Other
Chapter
72 – Iron and steel
Sub Chapter
7203 – Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having minimum purity by weight of 99.94%, in lumps, pellets or similar forms
Other Ferrous Products from Iron Ore does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Ferrous products obtained by direct reduction of iron ore | |
| Ferrous products obtained by direct reduction of iron ore |
Ferrous products obtained by direct reduction of iron ore
Ferrous products obtained by direct reduction of iron ore
It includes Alloy steel waste and scrap
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Ferrous Products from Iron Ore; Nil for exempt items if applicable).
For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.