HSN Code 72042910: Other Alloy Steel Waste & Scrap (Cartridge Type)
HSN Code 72042910 represents Other Alloy Steel Waste & Scrap (Cartridge Type) under GST classification. This code helps businesses identify Other Alloy Steel Waste & Scrap (Cartridge Type) correctly for billing, taxation, and trade. With HSN Code 72042910, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Alloy Steel Waste & Scrap (Cartridge Type).
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Description of Goods for HSN Code 72042910
HSN Code 72042910 relates to the following description.
What does HSN Code 72042910 not include?
Other Alloy Steel Waste & Scrap (Cartridge Type) does not include products with the following descriptions.
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 : Other
Waste and scrap of alloy steel : Other : Of high speed steel
Waste and scrap of alloy steel : Other : Other
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 : Other
Remelting scrap ingots
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 : Other
Waste and scrap of alloy steel : Other : Of high speed steel
Waste and scrap of alloy steel : Other : Other
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 : Other
Remelting scrap ingots
India’s Trade Performance — HSN Code 72042910 in FY 2024-25
India’s Exports
FY 2024-25Nil
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25−< ₹1 Crore
Surplus rank #7863 of 12657 HSN codes
% of Sub-Chapter 7204
FY 2024-250.00%
Share of Sub-Chapter 7204’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 7204’s imports
India Export-Import Trade Statistics for HSN Code 72042910
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−0.93
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Balance
−1.94
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Imports
1.94 ₹ Cr
0.0001% share
+108.60% YoY
0.01% of Sub-Ch. 7204
Balance
−0.79
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−59.28% YoY
0.00% of Sub-Ch. 7204
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7204
Balance
−0.94
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Balance
−1.09
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Imports
1.09 ₹ Cr
0.0000% share
+15.96% YoY
0.00% of Sub-Ch. 7204
Balance
−0.87
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−20.18% YoY
0.00% of Sub-Ch. 7204
CAGR · 7-Year
Exports
—
Imports
−1.11% /yr
reference, FY 2024-25
Export
₹122.25 Cr
Import
₹43,317.53 Cr
Trade Balance
−43,195.28
Key Trade Insights: HSN Code 72042910 Export-Import Analysis
Export Snapshot for HSN Code 72042910
India exported ₹0.00 Crore worth of Other Alloy Steel Waste & Scrap (Cartridge Type) in FY 2024-25. Multi-year trend data is being compiled for this hsn code.
India Records a Trade Deficit of ₹0.87 Crore in HSN Code 72042910 Goods
In FY 2024-25, India's imports of ₹0.87 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.87 Crore — ranking #7863 of 12657 by surplus magnitude.
Import Growth of −1.11% CAGR Signals Stable Import Dependency for Other Alloy Steel Waste & Scrap (Cartridge Type)
India's imports under HSN Code 72042910 have grown at −1.11% CAGR, reaching ₹0.87 Crore in FY 2024-25.
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Frequently Asked Questions
Clear answers to common queries about HSN Code 72042910 and GST compliance.
What products are classified under HSN 72042910 ?
It includes Waste and Scrap of Tinned Iron or Steel
How should mixed supplies be billed when Other Alloy 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 Other Alloy Steel Waste & Scrap (Cartridge Type); Nil for exempt items if applicable).
Any common misclassification issue with Other Alloy Steel Waste & Scrap (Cartridge Type)?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Does packaging or labelling change the GST for Other Alloy 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.
Do e‑way bill and e‑invoice apply for Other Alloy 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.
Can we claim ITC on inputs used to trade Other Alloy 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.