---
title: "HSN Code for Waste and Scrap of Tinned Iron or Steel | HSN 72043000 GST Rate"
description: "Find HSN and GST Rates for 72043000 related to Waste and Scrap of Tinned Iron or Steel with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-72043000/"
---

# HSN Code 72043000: Waste and Scrap of Tinned Iron or 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 tinned iron or steel | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 72043000 ?

It includes Remelting Scrap Ingots

### How should mixed supplies be billed when Waste and Scrap of Tinned Iron or 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 Tinned Iron or Steel; Nil for exempt items if applicable).

### Any common misclassification issue with Waste and Scrap of Tinned Iron or Steel?

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

### Do e‑way bill and e‑invoice apply for Waste and Scrap of Tinned Iron or 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 Tinned Iron or 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.

### Can we claim ITC on inputs used to trade Waste and Scrap of Tinned Iron or Steel?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

## India's trade performance: HSN Code 72043000 (FY 2024-25)

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

- Exports: < ₹1 Crore (+242.86% YoY) — 0.0000% of India's total exports
- Imports: ₹7 Cr (+131.75% YoY) — 0.0001% of India's total imports
- Trade balance: −₹7 Cr (Deficit); surplus rank #8802 of 12657 HSN codes
- Share of Sub-Chapter 7204: 0.39% of its exports; import side 0.02%
- Rank within Sub-Chapter 7204: #6 of 10 by export value; import-side #7

### Key metrics

- Export CAGR: 8.76% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #8852 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +733.33% in FY 2021-22
- Contribution to Sub-Ch. 7204: 0.39% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 72043000

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 | < ₹1 Crore | 0.0000% | — | 0.45% | 14.75 | 0.0004% | — | 0.06% | −14.46 | #8572 |
| FY 2019-20 | < ₹1 Crore | 0.0000% | 0.00% | 0.42% | 43.38 | 0.0013% | +194.10% | 0.18% | −43.09 | #8585 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | −89.66% | 0.05% | 92.84 | 0.0032% | +114.02% | 0.44% | −92.81 | #9719 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | +733.33% | 0.27% | 15.07 | 0.0003% | −83.77% | 0.05% | −14.82 | #9054 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | −88.00% | 0.02% | 1.89 | 0.0000% | −87.46% | 0.00% | −1.86 | #10045 |
| FY 2023-24 | < ₹1 Crore | 0.0000% | +366.67% | 0.13% | 3.15 | 0.0001% | +66.67% | 0.01% | −3.01 | #9628 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | +242.86% | 0.39% | 7.30 | 0.0001% | +131.75% | 0.02% | −6.82 | #8852 |

- CAGR (7-year): exports 8.76%/yr, imports -11.06%/yr (consistently Deficit)

## Key trade insights: HSN Code 72043000 export-import analysis

### Consistent export growth: 8.76% CAGR over 7 years

India's exports under HSN Code 72043000 have grown at a compound annual rate of 8.76% over 7 fiscal years, rising from ₹0.29 Crore in FY 2018-19 to ₹0.48 Crore in FY 2024-25.

### HSN Code 72043000 ranked #8852 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 72043000 ranks #8852 out of 12657 HSN codes by total export value. Within Sub-Chapter 7204, it ranks #6 of 10. By trade surplus, it ranks #8802 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 72043000 exports

The strongest single-year export movement for HSN Code 72043000 was recorded in FY 2021-22, when exports surged by 733.33% over the prior year.

### India records a trade deficit of ₹6.82 Crore in HSN Code 72043000 goods

In FY 2024-25, India's imports of ₹7.30 Cr exceeded exports of ₹0.48 Cr, resulting in a trade deficit of ₹6.82 Crore — ranking #8802 of 12657 by surplus magnitude.

### Import growth of -11.06% CAGR signals stable import dependency for Waste and Scrap of Tinned Iron or Steel

India's imports under HSN Code 72043000 have grown at -11.06% CAGR, reaching ₹7.30 Crore in FY 2024-25.

### HSN Code 72043000 contributes 0.39% of Sub-Chapter 7204 exports — ranked #6

Among the 10 HSN codes under Sub-Chapter 7204, HSN Code 72043000 ranks #6 by export value — accounting for 0.39% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #7).

## 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](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 (this hsn code) | < ₹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 |