---
title: "HSN Code for Waste and scrap of cast iron | HSN 72041000 GST Rate"
description: "Find HSN and GST Rates for 72041000 related to Waste and scrap of cast iron with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72041000/"
---

# HSN Code 72041000: Waste and scrap of cast iron

- [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/)
- [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/)
- [Sub-chapter 7204: Ferrous scrap](https://busy.in/hsn/sub-chapter-7204/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Waste and scrap of cast iron | 9% | 9% | 18% | 0% |

## Frequently asked questions

### 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.

## India's trade performance: HSN Code 72041000 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹19 Cr (+81.10% YoY) — 0.0005% of India's total exports
- Imports: ₹746 Cr (+0.67% YoY) — 0.0123% of India's total imports
- Trade balance: −₹727 Cr (Deficit); surplus rank #12091 of 12657 HSN codes
- Share of Sub-Chapter 7204: 15.60% of its exports; import side 1.72%
- Rank within Sub-Chapter 7204: #3 of 10 by export value; import-side #4

### Key metrics

- Export CAGR: 29.73% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4950 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +241.50% in FY 2019-20
- Contribution to Sub-Ch. 7204: 15.60% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72041000

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7204 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7204 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 4.00 | 0.0002% | — | 6.17% | 260.81 | 0.0073% | — | 1.02% | −256.81 | #6132 |
| FY 2019-20 | 13.66 | 0.0006% | +241.50% | 19.85% | 309.23 | 0.0092% | +18.57% | 1.28% | −295.57 | #4621 |
| FY 2020-21 | 9.57 | 0.0004% | −29.94% | 14.74% | 376.90 | 0.0129% | +21.88% | 1.77% | −367.33 | #5141 |
| FY 2021-22 | 7.93 | 0.0003% | −17.14% | 8.43% | 474.55 | 0.0104% | +25.91% | 1.47% | −466.62 | #5781 |
| FY 2022-23 | 14.94 | 0.0004% | +88.40% | 9.65% | 681.51 | 0.0119% | +43.61% | 1.26% | −666.57 | #5075 |
| FY 2023-24 | 10.53 | 0.0003% | −29.52% | 9.47% | 740.95 | 0.0132% | +8.72% | 1.42% | −730.42 | #5670 |
| FY 2024-25 | 19.07 | 0.0005% | +81.10% | 15.60% | 745.92 | 0.0123% | +0.67% | 1.72% | −726.85 | #4950 |

- CAGR (7-year): exports 29.73%/yr, imports 19.14%/yr (consistently Deficit)

## Key trade insights: HSN Code 72041000 export-import analysis

### Consistent export growth: 29.73% CAGR over 7 years

India's exports under HSN Code 72041000 have grown at a compound annual rate of 29.73% over 7 fiscal years, rising from ₹4.00 Crore in FY 2018-19 to ₹19.07 Crore in FY 2024-25.

### HSN Code 72041000 ranked #4950 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72041000 ranks #4950 out of 12657 HSN codes by total export value. Within Sub-Chapter 7204, it ranks #3 of 10. By trade surplus, it ranks #12091 of 12657.

### FY 2019-20 was the strongest growth year for HSN Code 72041000 exports

The strongest single-year export movement for HSN Code 72041000 was recorded in FY 2019-20, when exports surged by 241.50% over the prior year.

### India records a trade deficit of ₹726.85 Crore in HSN Code 72041000 goods

In FY 2024-25, India's imports of ₹745.92 Cr exceeded exports of ₹19.07 Cr, resulting in a trade deficit of ₹726.85 Crore — ranking #12091 of 12657 by surplus magnitude.

### Import growth of 19.14% CAGR signals rising demand for Waste and scrap of cast iron

India's imports under HSN Code 72041000 have grown at 19.14% CAGR, reaching ₹745.92 Crore in FY 2024-25.

### HSN Code 72041000 contributes 15.60% of Sub-Chapter 7204 exports — ranked #3

Among the 10 HSN codes under Sub-Chapter 7204, HSN Code 72041000 ranks #3 by export value — accounting for 15.60% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.72% share (rank #4).

## Related HSN Codes in Sub-Chapter 7204

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 72042190: Alloy steel waste and scrap](https://busy.in/hsn/hsn-72042190/) | ₹54 Cr |
| #2 | [HSN Code 72044100: Other Iron and Steel Waste & Scrap](https://busy.in/hsn/hsn-72044100/) | ₹28 Cr |
| #3 | HSN Code 72041000: Waste and scrap of cast iron (this hsn code) | ₹19 Cr |
| #4 | [HSN Code 72042990: Waste and scrap of alloy steel](https://busy.in/hsn/hsn-72042990/) | ₹11 Cr |
| #5 | [HSN Code 72044900: Other waste and scrap](https://busy.in/hsn/hsn-72044900/) | ₹9 Cr |
| #6 | [HSN Code 72043000: Waste and Scrap of Tinned Iron or Steel](https://busy.in/hsn/hsn-72043000/) | < ₹1 Crore |
| #7 | [HSN Code 72042110: Stainless Steel Waste & Scrap (Cartridge Type)](https://busy.in/hsn/hsn-72042110/) | < ₹1 Crore |
| #8 | [HSN Code 72045000: Remelting Scrap Ingots](https://busy.in/hsn/hsn-72045000/) | < ₹1 Crore |
| — | [HSN Code 72042910: Other Alloy Steel Waste & Scrap (Cartridge Type)](https://busy.in/hsn/hsn-72042910/) | Nil |
| — | [HSN Code 72042920: High Speed Steel Alloy Waste & Scrap](https://busy.in/hsn/hsn-72042920/) | Nil |