What products are classified under HSN 72042990 ?
It includes Other waste and scrap
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.
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% |
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
It includes Other waste and scrap
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.
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 72042990, Waste and scrap of alloy steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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).
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.