HSN Code 72041000: Waste and scrap of cast iron

HSN Code 72041000 represents Waste and scrap of cast iron under GST classification. This code helps businesses identify Waste and scrap of cast iron correctly for billing, taxation, and trade. With HSN Code 72041000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Waste and scrap of cast iron.

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Description of Goods for Waste and scrap of cast iron

HSN Code 72041000 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 7204 Ferrous waste and scrap; remelting scrap ingots of iron or steel Waste and scrap of cast iron 9% 9% 18% 0%
72 Iron and steel 7204 Ferrous waste and scrap; remelting scrap ingots of iron or steel Waste and scrap of cast iron 9% 9% 18% 0%

Description of goods

Waste and scrap of cast iron

Chapter

72 – Iron and steel

Sub Chapter

7204 – Ferrous waste and scrap; remelting scrap ingots of iron or steel

CGST 9%
SGST 9%
IGST 18%
CESS 0%

Description of goods

Waste and scrap of cast iron

Chapter

72 – Iron and steel

Sub Chapter

7204 – Ferrous waste and scrap; remelting scrap ingots of iron or steel

CGST 9%
SGST 9%
IGST 18%
CESS 0%

What does HSN Code 72041000 not include?

Waste and scrap of cast iron does not include products with the following descriptions:

HSN Code Description
Waste and scrap of alloy steel : Of stainless steel : Empty or discharged cartridges of all bores and sizes
Waste and scrap of alloy steel : Of stainless steel : Empty or discharged cartridges of all bores and sizes
Waste and scrap of alloy steel : Of stainless steel : Other
Waste and scrap of alloy steel : Of stainless steel : Other
Waste and scrap of alloy steel : Other : Empty or discharged cartridges of all bores and sizes
Waste and scrap of alloy steel : Other : Empty or discharged cartridges of all bores and sizes
Waste and scrap of alloy steel : Other : Of high speed steel
Waste and scrap of alloy steel : Other : Of high speed steel
Waste and scrap of alloy steel : Other : Other
Waste and scrap of alloy steel : Other : Other
Waste and scrap of tinned iron or steel
Waste and scrap of tinned iron or steel
Other waste and scrap : Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles
Other waste and scrap : Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles
Other waste and scrap : Other
Other waste and scrap : Other
Remelting scrap ingots
Remelting scrap ingots

Waste and scrap of alloy steel : Of stainless steel : Empty or discharged cartridges of all bores and sizes

Waste and scrap of alloy steel : Of stainless steel : Empty or discharged cartridges of all bores and sizes

Waste and scrap of alloy steel : Of stainless steel : Other

Waste and scrap of alloy steel : Of stainless steel : Other

Waste and scrap of alloy steel : Other : Empty or discharged cartridges of all bores and sizes

Waste and scrap of alloy steel : Other : Empty or discharged cartridges of all bores and sizes

Waste and scrap of alloy steel : Other : Of high speed steel

Waste and scrap of alloy steel : Other : Of high speed steel

Waste and scrap of alloy steel : Other : Other

Waste and scrap of alloy steel : Other : Other

Waste and scrap of tinned iron or steel

Waste and scrap of tinned iron or steel

Other waste and scrap : Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles

Other waste and scrap : Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles

Other waste and scrap : Other

Other waste and scrap : Other

Remelting scrap ingots

Remelting scrap ingots

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Case Laws Related to HSN Code 72041000

Order Number Description
Narsingh Ispat Limited And Other (Jharkhand High Court, Jharkhand)
Royal Carbon Black Private Limited (AAR (Authority For Advance Ruling), Maharashtra)

Narsingh Ispat Limited And Other (Jharkhand High Court, Jharkhand)

Royal Carbon Black Private Limited (AAR (Authority For Advance Ruling), Maharashtra)

FAQs for HSN Code 72041000

What products are classified under HSN 72041000 ?

It includes Other Alloy Steel Waste & Scrap (Cartridge Type)

How should mixed supplies be billed when Waste and scrap of cast iron is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Waste and scrap of cast iron; Nil for exempt items if applicable).

Any common misclassification issue with Waste and scrap of cast iron?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Waste and scrap of cast iron?

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.

How much GST applies to Waste and scrap of cast iron?

Under HSN 72041000, Waste and scrap of cast iron attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Waste and scrap of cast iron?

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.

Can we claim ITC on inputs used to trade Waste and scrap of cast iron?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Important Disclaimer

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.

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