HSN Code 72042190: Alloy steel waste and scrap

HSN Code 72042190 represents Alloy steel waste and scrap under GST classification. This code helps businesses identify Alloy steel waste and scrap correctly for billing, taxation, and trade. With HSN Code 72042190, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Alloy steel waste and scrap.

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Description of Goods for Alloy steel waste and scrap

HSN Code 72042190 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 : Other 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 : Other 9% 9% 18% 0%

Description of goods

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

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 alloy steel : Of stainless steel : Other

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 72042190 not include?

Alloy steel waste and scrap 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 : 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 : 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 : 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 : 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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FAQs for HSN Code 72042190

What products are classified under HSN 72042190 ?

It includes Waste and scrap of alloy steel

Does packaging or labelling change the GST for Alloy steel waste and scrap?

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.

How much GST applies to Alloy steel waste and scrap?

Under HSN 72042190, Alloy steel waste and scrap attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Alloy steel waste and scrap?

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

How should mixed supplies be billed when Alloy steel waste and scrap is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Alloy steel waste and scrap; Nil for exempt items if applicable).

Any common misclassification issue with Alloy steel waste and scrap?

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

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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