Find GST Rates & HSN
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 or export of Remelting Scrap Ingots.
Don’t Let HSN Mistakes Affect Your GST Filing
Manage correct HSN codes and GST rates with BUSY.
Description of Goods for HSN Code 72045000
HSN Code 72045000 relates to the following description.
What does HSN Code 72045000 not include?
Remelting Scrap Ingots 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 : Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles
Other waste and scrap : Other
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 : Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles
Other waste and scrap : Other
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Trade Performance — HSN Code 72045000 in FY 2025-26
India’s Exports
FY 2025-26Nil
0.0000% of India’s total exports
India’s Imports
FY 2025-26₹35 Cr
0.0005% of India’s total imports
Trade Balance
FY 2025-26−₹35 Cr
Surplus rank #10030 of 12872 HSN codes
% of Sub-Chapter 7204
FY 2025-260.00%
Share of Sub-Chapter 7204’s total exports in FY 2025-26
Import side: 0.09% of Sub-Chapter 7204’s imports
At a glance
+100.00%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.00%
Contribution to Sub-Ch. 7204
Share of Sub-Chapter 7204 exports in FY 2025-26
India Export-Import Trade Statistics for HSN Code 72045000
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−43.41
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Imports
43.41 ₹ Cr
0.0012% share
— YoY
0.17% of Sub-Ch. 7204
Balance
−25.88
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.07% of Sub-Ch. 7204
Imports
25.93 ₹ Cr
0.0008% share
−40.27% YoY
0.11% of Sub-Ch. 7204
Balance
−42.69
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−80.00% YoY
0.02% of Sub-Ch. 7204
Imports
42.70 ₹ Cr
0.0015% share
+64.67% YoY
0.20% of Sub-Ch. 7204
Balance
−63.39
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+100.00% YoY
0.02% of Sub-Ch. 7204
Imports
63.41 ₹ Cr
0.0014% share
+48.50% YoY
0.20% of Sub-Ch. 7204
Balance
−23.66
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7204
Imports
23.66 ₹ Cr
0.0004% share
−62.69% YoY
0.04% of Sub-Ch. 7204
Balance
+0.08
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.07% of Sub-Ch. 7204
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7204
Balance
+0.01
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−87.50% YoY
0.01% of Sub-Ch. 7204
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7204
Balance
−34.91
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 7204
Imports
34.91 ₹ Cr
0.0005% share
— YoY
0.09% of Sub-Ch. 7204
CAGR · 8-Year
Exports
—
Imports
−3.07% /yr
reference, FY 2025-26
Export
₹195.09 Cr
Import
₹40,129.28 Cr
Trade Balance
−39,934.19
Key Trade Insights: HSN Code 72045000 Export-Import Analysis
Export Snapshot for HSN Code 72045000
India exported ₹0.00 Crore worth of Remelting Scrap Ingots in FY 2025-26. Multi-year trend data is being compiled for this hsn code.
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 Records a Trade Deficit of ₹34.91 Crore in HSN Code 72045000 Goods
In FY 2025-26, India's imports of ₹34.91 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹34.91 Crore — ranking #10030 of 12872 by surplus magnitude.
Import Growth of −3.07% CAGR Signals Stable Import Dependency for Remelting Scrap Ingots
India's imports under HSN Code 72045000 have grown at −3.07% CAGR, reaching ₹34.91 Crore in FY 2025-26.
Frequently Asked Questions
Clear answers to common queries about HSN Code 72045000 and GST compliance.
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.