What products are classified under HSN 72061020 ?
It includes Charge-Chrome Ferro-Boron
HSN Code 72061020 represents Ferroalloys: Silicomanganese under GST classification. This code helps businesses identify Ferroalloys: Silicomanganese correctly for billing, taxation, and trade. With HSN Code 72061020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Ferroalloys: Silicomanganese.
HSN Code 72061020 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 | 7206 | Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203) | Ingots : Of high carbon steel | 9% | 9% | 18% | 0% |
| 72 | Iron and steel | 7206 | Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203) | Ingots : Of high carbon steel | 9% | 9% | 18% | 0% |
Ferroalloys: Silicomanganese does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Ingots : Of iron | |
| Ingots : Of iron | |
| Ingots : Other | |
| Ingots : Other | |
| Other : Of iron : Puddled bars and pilings | |
| Other : Of iron : Puddled bars and pilings | |
| Other : Of iron : Blocks, lumps and similar forms | |
| Other : Of iron : Blocks, lumps and similar forms | |
| Other : Of iron : Other | |
| Other : Of iron : Other | |
| Other : Other : Puddled bars and pilings | |
| Other : Other : Puddled bars and pilings | |
| Other : Other : Blocks, lumps and similar forms | |
| Other : Other : Blocks, lumps and similar forms | |
| Other : Other : Other | |
| Other : Other : Other |
Ingots : Of iron
Ingots : Of iron
Ingots : Other
Ingots : Other
Other : Of iron : Puddled bars and pilings
Other : Of iron : Puddled bars and pilings
Other : Of iron : Blocks, lumps and similar forms
Other : Of iron : Blocks, lumps and similar forms
Other : Of iron : Other
Other : Of iron : Other
Other : Other : Puddled bars and pilings
Other : Other : Puddled bars and pilings
Other : Other : Blocks, lumps and similar forms
Other : Other : Blocks, lumps and similar forms
Other : Other : Other
Other : Other : Other
It includes Charge-Chrome Ferro-Boron
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 72061020, Ferroalloys: Silicomanganese attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ferroalloys: Silicomanganese; Nil for exempt items if applicable).
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.
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.
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.