HSN Code 72045000: Remelting Scrap Ingots

HSN Code 72045000 represents Remelting Scrap Ingots under GST classification. This code helps businesses identify Remelting Scrap Ingots correctly for billing, taxation, and trade. With HSN Code 72045000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Remelting Scrap Ingots.

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Description of Goods for Remelting Scrap Ingots

HSN Code 72045000 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 Remelting scrap ingots 9% 9% 18% 0%
72 Iron and steel 7204 Ferrous waste and scrap; remelting scrap ingots of iron or steel Remelting scrap ingots 9% 9% 18% 0%

Description of goods

Remelting scrap ingots

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%

Description of goods

Remelting scrap ingots

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 72045000 not include?

Remelting Scrap Ingots 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 alloy steel : Other : Other
Waste and scrap of alloy steel : Other : Other
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

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 alloy steel : Other : Other

Waste and scrap of alloy steel : Other : Other

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

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FAQs for HSN Code 72045000

What products are classified under HSN 72045000 ?

It includes Other Hot-Rolled Flat Products

Do e‑way bill and e‑invoice apply for Remelting Scrap Ingots?

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 Remelting Scrap Ingots?

Under HSN 72045000, Remelting Scrap Ingots attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Remelting Scrap Ingots?

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

Any common misclassification issue with Remelting Scrap Ingots?

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

Does packaging or labelling change the GST for Remelting Scrap Ingots?

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.

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.

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