---
title: "HSN Code for Alloy steel waste and scrap | HSN 72042190 GST Rate"
description: "Find HSN and GST Rates for 72042190 related to Alloy steel waste and scrap with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72042190/"
---

# HSN Code 72042190: Alloy steel waste and scrap

- [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 alloy steel : Of stainless steel : Other | 9% | 9% | 18% | 0% |

## Frequently asked questions

### 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.

## India's trade performance: HSN Code 72042190 (FY 2024-25)

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

- Exports: ₹54 Cr (−32.54% YoY) — 0.0015% of India's total exports
- Imports: ₹15,093 Cr (−6.17% YoY) — 0.2484% of India's total imports
- Trade balance: −₹15,040 Cr (Deficit); surplus rank #12621 of 12657 HSN codes
- Share of Sub-Chapter 7204: 44.00% of its exports; import side 34.84%
- Rank within Sub-Chapter 7204: #1 of 10 by export value; import-side #2

### Key metrics

- Export CAGR: 4.03% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #3521 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +145.51% in FY 2021-22
- Contribution to Sub-Ch. 7204: 44.00% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72042190

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 | 42.43 | 0.0019% | — | 65.43% | 10,592.65 | 0.2955% | — | 41.27% | −10,550.22 | #3118 |
| FY 2019-20 | 43.64 | 0.0020% | +2.85% | 63.40% | 11,244.46 | 0.3359% | +6.15% | 46.50% | −11,200.82 | #3087 |
| FY 2020-21 | 25.93 | 0.0012% | −40.58% | 39.94% | 10,700.56 | 0.3672% | −4.84% | 50.14% | −10,674.63 | #3858 |
| FY 2021-22 | 63.66 | 0.0020% | +145.51% | 67.64% | 18,983.49 | 0.4153% | +77.41% | 58.68% | −18,919.83 | #3020 |
| FY 2022-23 | 89.03 | 0.0025% | +39.85% | 57.52% | 18,673.23 | 0.3248% | −1.63% | 34.45% | −18,584.20 | #2700 |
| FY 2023-24 | 79.74 | 0.0022% | −10.43% | 71.68% | 16,085.78 | 0.2864% | −13.86% | 30.78% | −16,006.04 | #2872 |
| FY 2024-25 | 53.79 | 0.0015% | −32.54% | 44.00% | 15,093.48 | 0.2484% | −6.17% | 34.84% | −15,039.69 | #3521 |

- CAGR (7-year): exports 4.03%/yr, imports 6.08%/yr (consistently Deficit)

## Key trade insights: HSN Code 72042190 export-import analysis

### Consistent export growth: 4.03% CAGR over 7 years

India's exports under HSN Code 72042190 have grown at a compound annual rate of 4.03% over 7 fiscal years, rising from ₹42.43 Crore in FY 2018-19 to ₹53.79 Crore in FY 2024-25.

### HSN Code 72042190 ranked #3521 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72042190 ranks #3521 out of 12657 HSN codes by total export value. Within Sub-Chapter 7204, it ranks #1 of 10. By trade surplus, it ranks #12621 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 72042190 exports

The strongest single-year export movement for HSN Code 72042190 was recorded in FY 2021-22, when exports surged by 145.51% over the prior year.

### India records a trade deficit of ₹15,039.69 Crore in HSN Code 72042190 goods

In FY 2024-25, India's imports of ₹15,093.48 Cr exceeded exports of ₹53.79 Cr, resulting in a trade deficit of ₹15,039.69 Crore — ranking #12621 of 12657 by surplus magnitude.

### Import growth of 6.08% CAGR signals stable import dependency for Alloy steel waste and scrap

India's imports under HSN Code 72042190 have grown at 6.08% CAGR, reaching ₹15,093.48 Crore in FY 2024-25.

### HSN Code 72042190 contributes 44.00% of Sub-Chapter 7204 exports — ranked #1

Among the 10 HSN codes under Sub-Chapter 7204, HSN Code 72042190 ranks #1 by export value — accounting for 44.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 34.84% share (rank #2).

## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-72041000/) | ₹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 |