What products are classified under HSN 7201
It includes Pig iron
HSN Sub Chapter 7201 represents Pig iron under GST classification. This code helps businesses identify Pig iron correctly for billing, taxation, and trade. With HSN Sub Chapter 7201, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Pig iron.
GST Rate for Pig iron under HSN Code 7201. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 72 | 7201 | Pig iron and spiegeleisen in pigs, blocks or other primary forms | 3% | 3% |
Chapter: 72
Description: Pig iron and spiegeleisen in pigs, blocks or other primary forms
Following Tariff HSN code falls under Pig iron:
| Tariff HSN | Description |
|---|---|
| Non-alloy pig iron containing by weight 0.5% or less of phosphorus | |
| Non-alloy pig iron containing by weight 0.5% or less of phosphorus | |
| Non-alloy pig iron containing by weight more than 0.5% of phosphorus | |
| Non-alloy pig iron containing by weight more than 0.5% of phosphorus | |
| Alloy pig iron; spiegeleisen : Cast iron | |
| Alloy pig iron; spiegeleisen : Cast iron | |
| Alloy pig iron; spiegeleisen : Other | |
| Alloy pig iron; spiegeleisen : Other |
Non-alloy pig iron containing by weight 0.5% or less of phosphorus
Non-alloy pig iron containing by weight 0.5% or less of phosphorus
Non-alloy pig iron containing by weight more than 0.5% of phosphorus
Non-alloy pig iron containing by weight more than 0.5% of phosphorus
Alloy pig iron; spiegeleisen : Cast iron
Alloy pig iron; spiegeleisen : Cast iron
Alloy pig iron; spiegeleisen : Other
Alloy pig iron; spiegeleisen : Other
| Order Number | Description |
|---|---|
| Narsingh Ispat Limited And Other (Jharkhand High Court, Jharkhand) | |
| M/S. Nmdc Limited (AAR (Authority For Advance Ruling), Madhya Pradesh) |
Narsingh Ispat Limited And Other (Jharkhand High Court, Jharkhand)
M/S. Nmdc Limited (AAR (Authority For Advance Ruling), Madhya Pradesh)
It includes Pig iron
Use a delivery challan for sending Pig iron to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
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.