HSN Code 72042110: Stainless Steel Waste & Scrap (Cartridge Type)

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 or export of Stainless Steel Waste & Scrap (Cartridge Type).

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Description of Goods for HSN Code 72042110

HSN Code 72042110 relates to the following description.

Description of Goods

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

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 72042110 not include?

Stainless Steel Waste & Scrap (Cartridge Type) does not include products with the following descriptions.

HSN Code 72042910

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

HSN Code 72044100

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

India’s Trade Performance — HSN Code 72042110 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

< ₹1 Crore

+100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

+882.76% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−₹3 Cr

Trade Deficit

Surplus rank #8340 of 12657 HSN codes

% of Sub-Chapter 7204

FY 2024-25

0.02%

Share of Sub-Chapter 7204’s total exports in FY 2024-25

Import side: 0.01% of Sub-Chapter 7204’s imports

Rank Within Sub-Chapter 7204

FY 2024-25

#7 of 10

Position by export value among HSN codes in Sub-Chapter 7204

Import-side rank: #8 of 10

At a glance

#10305

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+100.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.02%

Contribution to Sub-Ch. 7204

Share of Sub-Chapter 7204 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72042110

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

FY 2018-19

Balance

−2.81

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7204

Imports

2.81 ₹ Cr

0.0001% share

— YoY

0.01% of Sub-Ch. 7204

FY 2019-20

Balance

−5.74

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7204

Imports

5.74 ₹ Cr

0.0002% share

+104.27% YoY

0.02% of Sub-Ch. 7204

FY 2020-21

Balance

−0.50

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7204

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−91.29% YoY

0.00% of Sub-Ch. 7204

FY 2021-22 Exp. Rank #8985

Balance

−2.41

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.30% of Sub-Ch. 7204

Imports

2.69 ₹ Cr

0.0001% share

+438.00% YoY

0.01% of Sub-Ch. 7204

FY 2022-23 Exp. Rank #8672

Balance

+0.06

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+78.57% YoY

0.32% of Sub-Ch. 7204

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−83.64% YoY

0.00% of Sub-Ch. 7204

FY 2023-24 Exp. Rank #10473

Balance

−0.28

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−98.00% YoY

0.01% of Sub-Ch. 7204

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−34.09% YoY

0.00% of Sub-Ch. 7204

FY 2024-25 Exp. Rank #10305

Balance

−2.83

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.02% of Sub-Ch. 7204

Imports

2.85 ₹ Cr

0.0000% share

+882.76% YoY

0.01% of Sub-Ch. 7204

CAGR · 7-Year

Exports

—

Imports

0.24% /yr

Consistently Deficit
Sub-Chapter 7204 total

reference, FY 2024-25

Export

₹122.25 Cr

Import

₹43,317.53 Cr

Trade Balance

−43,195.28

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72042110 Export-Import Analysis

Export Snapshot for HSN Code 72042110

India exported ₹0.02 Crore worth of Stainless Steel Waste & Scrap (Cartridge Type) in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 72042110 Ranked #10305 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72042110 ranks #10305 out of 12657 HSN codes by total export value. Within Sub-Chapter 7204, it ranks #7 of 10. By trade surplus, it ranks #8340 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 72042110 Exports

The strongest single-year export movement for HSN Code 72042110 was recorded in FY 2024-25, when exports surged by 100.00% over the prior year.

India Records a Trade Deficit of ₹2.83 Crore in HSN Code 72042110 Goods

In FY 2024-25, India's imports of ₹2.85 Cr exceeded exports of ₹0.02 Cr, resulting in a trade deficit of ₹2.83 Crore — ranking #8340 of 12657 by surplus magnitude.

Import Growth of 0.24% CAGR Signals Stable Import Dependency for Stainless Steel Waste & Scrap (Cartridge Type)

India's imports under HSN Code 72042110 have grown at 0.24% CAGR, reaching ₹2.85 Crore in FY 2024-25.

HSN Code 72042110 Contributes 0.02% of Sub-Chapter 7204 Exports — Ranked #7

Among the 10 HSN codes under Sub-Chapter 7204, HSN Code 72042110 ranks #7 by export value — accounting for 0.02% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72042110 and GST compliance.

What products are classified under HSN 72042110 ?

It includes High Speed Steel Alloy Waste & Scrap

How should mixed supplies be billed when Stainless Steel Waste & Scrap (Cartridge Type) is sold with other items?

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).

Can we claim ITC on inputs used to trade Stainless Steel Waste & Scrap (Cartridge Type)?

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

Do e‑way bill and e‑invoice apply for Stainless Steel Waste & Scrap (Cartridge Type)?

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 Stainless Steel Waste & Scrap (Cartridge Type)?

Under HSN 72042110, Stainless Steel Waste & Scrap (Cartridge Type) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Stainless Steel Waste & Scrap (Cartridge Type)?

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.

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.