HSN Code 72044900: Other waste and scrap

HSN Code 72044900 represents Other waste and scrap under GST classification. This code helps businesses identify Other waste and scrap correctly for billing, taxation, and trade. With HSN Code 72044900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other waste and scrap.

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Description of Goods for HSN Code 72044900

HSN Code 72044900 relates to the following description.

Description of Goods

Other waste and scrap : 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 72044900 not include?

Other waste and scrap does not include products with the following descriptions.

HSN Code 72042110

Waste and scrap of alloy steel : Of stainless steel : Empty or discharged cartridges of all bores and sizes

HSN Code 72042910

Waste and scrap of alloy steel : Other : Empty or discharged cartridges of all bores and sizes

HSN Code 72044100

Other waste and scrap : Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles

India’s Trade Performance — HSN Code 72044900 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹9 Cr

+11.62% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹25,903 Cr

−22.76% vs FY 2023-24

0.4263% of India’s total imports

Trade Balance

FY 2024-25

−₹25,893 Cr

Trade Deficit

Surplus rank #12637 of 12657 HSN codes

% of Sub-Chapter 7204

FY 2024-25

7.54%

Share of Sub-Chapter 7204’s total exports in FY 2024-25

Import side: 59.80% of Sub-Chapter 7204’s imports

Rank Within Sub-Chapter 7204

FY 2024-25

#5 of 10

Position by export value among HSN codes in Sub-Chapter 7204

Import-side rank: #1 of 10

At a glance

−1.38%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#5878

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+80.60%

Peak Growth Year

FY 2022-23 · strongest single-year move

7.54%

Contribution to Sub-Ch. 7204

Share of Sub-Chapter 7204 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 72044900

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #4987

Balance

−14,087.56

Exports

10.02 ₹ Cr

0.0004% share

— YoY

15.45% of Sub-Ch. 7204

Imports

14,097.58 ₹ Cr

0.3933% share

— YoY

54.92% of Sub-Ch. 7204

FY 2019-20 Exp. Rank #5212

Balance

−11,735.35

Exports

8.54 ₹ Cr

0.0004% share

−14.77% YoY

12.41% of Sub-Ch. 7204

Imports

11,743.89 ₹ Cr

0.3508% share

−16.70% YoY

48.57% of Sub-Ch. 7204

FY 2020-21 Exp. Rank #4941

Balance

−9,419.81

Exports

11.03 ₹ Cr

0.0005% share

+29.16% YoY

16.99% of Sub-Ch. 7204

Imports

9,430.84 ₹ Cr

0.3237% share

−19.70% YoY

44.19% of Sub-Ch. 7204

FY 2021-22 Exp. Rank #6440

Balance

−12,062.29

Exports

4.64 ₹ Cr

0.0001% share

−57.93% YoY

4.93% of Sub-Ch. 7204

Imports

12,066.93 ₹ Cr

0.2640% share

+27.95% YoY

37.30% of Sub-Ch. 7204

FY 2022-23 Exp. Rank #5860

Balance

−33,518.70

Exports

8.38 ₹ Cr

0.0002% share

+80.60% YoY

5.41% of Sub-Ch. 7204

Imports

33,527.08 ₹ Cr

0.5831% share

+177.84% YoY

61.85% of Sub-Ch. 7204

FY 2023-24 Exp. Rank #5973

Balance

−33,526.77

Exports

8.26 ₹ Cr

0.0002% share

−1.43% YoY

7.43% of Sub-Ch. 7204

Imports

33,535.03 ₹ Cr

0.5971% share

+0.02% YoY

64.18% of Sub-Ch. 7204

FY 2024-25 Exp. Rank #5878

Balance

−25,893.41

Exports

9.22 ₹ Cr

0.0003% share

+11.62% YoY

7.54% of Sub-Ch. 7204

Imports

25,902.63 ₹ Cr

0.4263% share

−22.76% YoY

59.80% of Sub-Ch. 7204

CAGR · 7-Year

Exports

−1.38% /yr

Imports

10.67% /yr

Consistently Deficit
Sub-Chapter 7204 total

reference, FY 2024-25

Export

₹122.25 Cr

Import

₹43,317.53 Cr

Trade Balance

−43,195.28

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 72044900 Export-Import Analysis

Export Decline: −1.38% CAGR Over 7 Years

India's exports under HSN Code 72044900 have declined at a compound annual rate of −1.38% over 7 fiscal years, falling from ₹10.02 Crore in FY 2018-19 to ₹9.22 Crore in FY 2024-25.

HSN Code 72044900 Ranked #5878 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 72044900 ranks #5878 out of 12657 HSN codes by total export value. Within Sub-Chapter 7204, it ranks #5 of 10. By trade surplus, it ranks #12637 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 72044900 Exports

The strongest single-year export movement for HSN Code 72044900 was recorded in FY 2022-23, when exports surged by 80.60% over the prior year.

India Records a Trade Deficit of ₹25,893.41 Crore in HSN Code 72044900 Goods

In FY 2024-25, India's imports of ₹25,902.63 Cr exceeded exports of ₹9.22 Cr, resulting in a trade deficit of ₹25,893.41 Crore — ranking #12637 of 12657 by surplus magnitude.

Import Growth of 10.67% CAGR Signals Rising Demand for Other waste and scrap

India's imports under HSN Code 72044900 have grown at 10.67% CAGR, reaching ₹25,902.63 Crore in FY 2024-25.

HSN Code 72044900 Contributes 7.54% of Sub-Chapter 7204 Exports — Ranked #5

Among the 10 HSN codes under Sub-Chapter 7204, HSN Code 72044900 ranks #5 by export value — accounting for 7.54% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 59.80% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 72044900 and GST compliance.

What products are classified under HSN 72044900 ?

It includes Alloy Hot-Rolled Flat Products (Coils)

How should mixed supplies be billed when Other waste and scrap is sold with other items?

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

Do e‑way bill and e‑invoice apply for 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.

How much GST applies to Other waste and scrap?

Under HSN 72044900, Other waste and scrap attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Other waste and scrap?

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 Other waste and scrap?

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

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.