What products are classified under HSN 72042110 ?
It includes High Speed Steel Alloy Waste & Scrap
HSN Code 72042110 represents Stainless Steel Waste & Scrap (Cartridge Type) under GST classification. This code helps businesses identify Stainless Steel Waste & Scrap (Cartridge Type) correctly for billing, taxation, and trade. With HSN Code 72042110, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Stainless Steel Waste & Scrap (Cartridge Type).
HSN Code 72042110 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 alloy steel : Of stainless steel : Empty or discharged cartridges of all bores and sizes | 9% | 9% | 18% | 0% |
| 72 | Iron and steel | 7204 | Ferrous waste and scrap; remelting scrap ingots of iron or steel | Waste and scrap of alloy steel : Of stainless steel : Empty or discharged cartridges of all bores and sizes | 9% | 9% | 18% | 0% |
Stainless Steel Waste & Scrap (Cartridge Type) does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Waste and scrap of cast iron | |
| Waste and scrap of cast iron | |
| 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 cast iron
Waste and scrap of cast iron
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
It includes High Speed Steel Alloy Waste & Scrap
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Stainless Steel Waste & Scrap (Cartridge Type); Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Under HSN 72042110, Stainless Steel Waste & Scrap (Cartridge Type) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.