HSN Code 72042990: Waste and scrap of alloy steel

HSN Code 72042990 represents Waste and scrap of alloy steel under GST classification. This code helps businesses identify Waste and scrap of alloy steel correctly for billing, taxation, and trade. With HSN Code 72042990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Waste and scrap of alloy steel.

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Description of Goods for Waste and scrap of alloy steel

HSN Code 72042990 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 : Other : 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 : Other : Other 9% 9% 18% 0%

Description of goods

Waste and scrap of alloy steel : Other : 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 : Other : 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 72042990 not include?

Waste and scrap of alloy steel 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 : 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 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 : 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 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 72042990

What products are classified under HSN 72042990 ?

It includes Other waste and scrap

Do e‑way bill and e‑invoice apply for Waste and scrap of alloy steel?

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.

Does packaging or labelling change the GST for Waste and scrap of alloy steel?

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.

Any common misclassification issue with Waste and scrap of alloy steel?

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

How much GST applies to Waste and scrap of alloy steel?

Under HSN 72042990, Waste and scrap of alloy steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Waste and scrap of alloy steel is sold with other items?

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

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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