--- title: "HSN Code for Remelting Scrap Ingots | HSN 72045000 GST Rate" description: "Find HSN and GST Rates for 72045000 related to Remelting Scrap Ingots with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72045000/" --- # HSN Code 72045000: Remelting Scrap Ingots - [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 | | --- | --- | --- | --- | --- | | Remelting scrap ingots | 9% | 9% | 18% | 0% | ## Frequently asked questions ### 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. ## India's trade performance: HSN Code 72045000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−87.50% YoY) — 0.0000% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #5588 of 12657 HSN codes - Share of Sub-Chapter 7204: 0.01% of its exports; import side 0.00% - Rank within Sub-Chapter 7204: #8 of 10 by export value ### Key metrics - National export rank: #10437 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +100.00% in FY 2021-22 - Contribution to Sub-Ch. 7204: 0.01% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72045000 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 | Nil | 0.0000% | — | 0.00% | 43.41 | 0.0012% | — | 0.17% | −43.41 | — | | FY 2019-20 | < ₹1 Crore | 0.0000% | — | 0.07% | 25.93 | 0.0008% | −40.27% | 0.11% | −25.88 | #9466 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −80.00% | 0.02% | 42.70 | 0.0015% | +64.67% | 0.20% | −42.69 | #9985 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +100.00% | 0.02% | 63.41 | 0.0014% | +48.50% | 0.20% | −63.39 | #10058 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | 23.66 | 0.0004% | −62.69% | 0.04% | −23.66 | — | | FY 2023-24 | < ₹1 Crore | 0.0000% | — | 0.07% | Nil | 0.0000% | −100.00% | 0.00% | +0.08 | #9881 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −87.50% | 0.01% | Nil | 0.0000% | — | 0.00% | +0.01 | #10437 | ## Key trade insights: HSN Code 72045000 export-import analysis ### Export snapshot for HSN Code 72045000 India exported ₹0.01 Crore worth of Remelting Scrap Ingots in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 72045000 ranked #10437 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72045000 ranks #10437 out of 12657 HSN codes by total export value. Within Sub-Chapter 7204, it ranks #8 of 10. By trade surplus, it ranks #5588 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 72045000 exports The strongest single-year export movement for HSN Code 72045000 was recorded in FY 2021-22, when exports surged by 100.00% over the prior year. ### India maintains a trade surplus of ₹0.01 Crore in HSN Code 72045000 goods In FY 2024-25, India's exports of ₹0.01 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.01 Crore — ranking #5588 of 12657 by surplus magnitude. ### HSN Code 72045000 contributes 0.01% of Sub-Chapter 7204 exports — ranked #8 Among the 10 HSN codes under Sub-Chapter 7204, HSN Code 72045000 ranks #8 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## 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](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 (this hsn code) | < ₹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 |