HSN Code 72044100 represents Other Iron and Steel Waste & Scrap under GST classification. This code helps businesses identify Other Iron and Steel Waste & Scrap correctly for billing, taxation, and trade. With HSN Code 72044100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Iron and Steel Waste & Scrap.
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HSN Code 72044100 relates to the following description.
Description of Goods
Other waste and scrap : Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles
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%
Other Iron and Steel Waste & Scrap 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 : 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 : Other
Waste and scrap of tinned iron or steel
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 : 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 : Other
Waste and scrap of tinned iron or steel
Other waste and scrap : Other
Remelting scrap ingots
India’s Exports
FY 2024-25₹28 Cr
0.0008% of India’s total exports
India’s Imports
FY 2024-25₹569 Cr
0.0094% of India’s total imports
Trade Balance
FY 2024-25−₹541 Cr
Surplus rank #11949 of 12657 HSN codes
% of Sub-Chapter 7204
FY 2024-2523.14%
Share of Sub-Chapter 7204’s total exports in FY 2024-25
Import side: 1.31% of Sub-Chapter 7204’s imports
Rank Within Sub-Chapter 7204
FY 2024-25#2 of 10
Position by export value among HSN codes in Sub-Chapter 7204
Import-side rank: #5 of 10
At a glance
80.06%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4413
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+5,054.84%
Peak Growth Year
FY 2020-21 · strongest single-year move
23.14%
Contribution to Sub-Ch. 7204
Share of Sub-Chapter 7204 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−262.27
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
1.28% of Sub-Ch. 7204
Imports
263.10 ₹ Cr
0.0073% share
— YoY
1.03% of Sub-Ch. 7204
Balance
−320.34
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−62.65% YoY
0.45% of Sub-Ch. 7204
Imports
320.65 ₹ Cr
0.0096% share
+21.87% YoY
1.33% of Sub-Ch. 7204
Balance
−206.41
Exports
15.98 ₹ Cr
0.0007% share
+5,054.84% YoY
24.61% of Sub-Ch. 7204
Imports
222.39 ₹ Cr
0.0076% share
−30.64% YoY
1.04% of Sub-Ch. 7204
Balance
−208.26
Exports
11.88 ₹ Cr
0.0004% share
−25.66% YoY
12.62% of Sub-Ch. 7204
Imports
220.14 ₹ Cr
0.0048% share
−1.01% YoY
0.68% of Sub-Ch. 7204
Balance
−429.70
Exports
13.30 ₹ Cr
0.0004% share
+11.95% YoY
8.59% of Sub-Ch. 7204
Imports
443.00 ₹ Cr
0.0077% share
+101.24% YoY
0.82% of Sub-Ch. 7204
Balance
−612.36
Exports
7.38 ₹ Cr
0.0002% share
−44.51% YoY
6.63% of Sub-Ch. 7204
Imports
619.74 ₹ Cr
0.0110% share
+39.90% YoY
1.19% of Sub-Ch. 7204
Balance
−540.90
Exports
28.29 ₹ Cr
0.0008% share
+283.33% YoY
23.14% of Sub-Ch. 7204
Imports
569.19 ₹ Cr
0.0094% share
−8.16% YoY
1.31% of Sub-Ch. 7204
CAGR · 7-Year
Exports
80.06% /yr
Imports
13.73% /yr
reference, FY 2024-25
Export
₹122.25 Cr
Import
₹43,317.53 Cr
Trade Balance
−43,195.28
India's exports under HSN Code 72044100 have grown at a compound annual rate of 80.06% over 7 fiscal years, rising from ₹0.83 Crore in FY 2018-19 to ₹28.29 Crore in FY 2024-25.
In FY 2024-25, HSN Code 72044100 ranks #4413 out of 12657 HSN codes by total export value. Within Sub-Chapter 7204, it ranks #2 of 10. By trade surplus, it ranks #11949 of 12657.
The strongest single-year export movement for HSN Code 72044100 was recorded in FY 2020-21, when exports surged by 5,054.84% over the prior year.
In FY 2024-25, India's imports of ₹569.19 Cr exceeded exports of ₹28.29 Cr, resulting in a trade deficit of ₹540.90 Crore — ranking #11949 of 12657 by surplus magnitude.
India's imports under HSN Code 72044100 have grown at 13.73% CAGR, reaching ₹569.19 Crore in FY 2024-25.
Among the 10 HSN codes under Sub-Chapter 7204, HSN Code 72044100 ranks #2 by export value — accounting for 23.14% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.31% share (rank #5).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 72044100 and GST compliance.
It includes Iron or Non-Alloyed Hot-Rolled Flat Products (Coils)
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.
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 72044100, Other Iron and Steel Waste & Scrap attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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 separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Iron and Steel Waste & Scrap; Nil for exempt items if applicable).