---
title: "HSN Code for Waste and scrap of alloy steel | HSN 72042990 GST Rate"
description: "Find HSN and GST Rates for 72042990 related to Waste and scrap of alloy steel with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72042990/"
---

# HSN Code 72042990: Waste and scrap of alloy steel

- [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 : Other : Other | 9% | 9% | 18% | 0% |

## Frequently asked questions

### 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).

## India's trade performance: HSN Code 72042990 (FY 2024-25)

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

- Exports: ₹11 Cr (+122.94% YoY) — 0.0003% of India's total exports
- Imports: ₹934 Cr (−22.82% YoY) — 0.0154% of India's total imports
- Trade balance: −₹922 Cr (Deficit); surplus rank #12187 of 12657 HSN codes
- Share of Sub-Chapter 7204: 9.30% of its exports; import side 2.16%
- Rank within Sub-Chapter 7204: #4 of 10 by export value; import-side #3

### Key metrics

- Export CAGR: 17.01% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #5651 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +456.61% in FY 2022-23
- Contribution to Sub-Ch. 7204: 9.30% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72042990

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 | 4.43 | 0.0002% | — | 6.83% | 376.21 | 0.0105% | — | 1.47% | −371.78 | #6014 |
| FY 2019-20 | 1.94 | 0.0001% | −56.21% | 2.82% | 464.35 | 0.0139% | +23.43% | 1.92% | −462.41 | #6962 |
| FY 2020-21 | 2.35 | 0.0001% | +21.13% | 3.62% | 459.28 | 0.0158% | −1.09% | 2.15% | −456.93 | #6797 |
| FY 2021-22 | 5.14 | 0.0002% | +118.72% | 5.46% | 512.91 | 0.0112% | +11.68% | 1.59% | −507.77 | #6312 |
| FY 2022-23 | 28.61 | 0.0008% | +456.61% | 18.48% | 830.72 | 0.0144% | +61.96% | 1.53% | −802.11 | #4233 |
| FY 2023-24 | 5.10 | 0.0001% | −82.17% | 4.58% | 1,209.75 | 0.0215% | +45.63% | 2.32% | −1,204.65 | #6559 |
| FY 2024-25 | 11.37 | 0.0003% | +122.94% | 9.30% | 933.69 | 0.0154% | −22.82% | 2.16% | −922.32 | #5651 |

- CAGR (7-year): exports 17.01%/yr, imports 16.36%/yr (consistently Deficit)

## Key trade insights: HSN Code 72042990 export-import analysis

### Consistent export growth: 17.01% CAGR over 7 years

India's exports under HSN Code 72042990 have grown at a compound annual rate of 17.01% over 7 fiscal years, rising from ₹4.43 Crore in FY 2018-19 to ₹11.37 Crore in FY 2024-25.

### HSN Code 72042990 ranked #5651 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72042990 ranks #5651 out of 12657 HSN codes by total export value. Within Sub-Chapter 7204, it ranks #4 of 10. By trade surplus, it ranks #12187 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 72042990 exports

The strongest single-year export movement for HSN Code 72042990 was recorded in FY 2022-23, when exports surged by 456.61% over the prior year.

### India records a trade deficit of ₹922.32 Crore in HSN Code 72042990 goods

In FY 2024-25, India's imports of ₹933.69 Cr exceeded exports of ₹11.37 Cr, resulting in a trade deficit of ₹922.32 Crore — ranking #12187 of 12657 by surplus magnitude.

### Import growth of 16.36% CAGR signals rising demand for Waste and scrap of alloy steel

India's imports under HSN Code 72042990 have grown at 16.36% CAGR, reaching ₹933.69 Crore in FY 2024-25.

### HSN Code 72042990 contributes 9.30% of Sub-Chapter 7204 exports — ranked #4

Among the 10 HSN codes under Sub-Chapter 7204, HSN Code 72042990 ranks #4 by export value — accounting for 9.30% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.16% share (rank #3).

## 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](https://busy.in/hsn/hsn-72042190/) | ₹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 (this hsn code) | ₹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 |