What products are classified under HSN 7204
It includes Ferrous scrap
HSN Sub Chapter 7204 represents Ferrous scrap under GST classification. This code helps businesses identify Ferrous scrap correctly for billing, taxation, and trade. With HSN Sub Chapter 7204, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Ferrous scrap.
GST Rate for Ferrous scrap under HSN Code 7204. 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 | 7204 | Ferrous waste and scrap; remelting scrap ingots of iron or steel | 18% | 18% |
Chapter: 72
Description: Ferrous waste and scrap; remelting scrap ingots of iron or steel
Following Tariff HSN code falls under Ferrous scrap:
| Tariff HSN | 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 | |
| Remelting scrap ingots | |
| Remelting scrap ingots |
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
Remelting scrap ingots
Remelting scrap ingots
| Order Number | Description |
|---|---|
| Narsingh Ispat Limited And Other (Jharkhand High Court, Jharkhand) | |
| Royal Carbon Black Private Limited (AAR (Authority For Advance Ruling), Maharashtra) | |
| M/S. Aditya Industries (AAR (Authority For Advance Ruling), Himachal Pradesh) | |
| M/S. Department Of Printing, Stationery And Publications (AAR (Authority For Advance Ruling), Karnataka) | |
| M.J.S. ENTERPRISES, H.B. ENTERPRISES, ROYAL AUTOMOBILES, M.G. AUTOMOBILES, S.A. AUTOMOBILES, T.S. ENTERPRISES, INDUS STEEL TRADERS, M.M. ENTERPRISES, A.M.K. ENTERPRISES, A.J. ENTERPRISES, FARHAN STEEL (Karnataka High Court, Karnataka) |
Narsingh Ispat Limited And Other (Jharkhand High Court, Jharkhand)
Royal Carbon Black Private Limited (AAR (Authority For Advance Ruling), Maharashtra)
M/S. Aditya Industries (AAR (Authority For Advance Ruling), Himachal Pradesh)
M/S. Department Of Printing, Stationery And Publications (AAR (Authority For Advance Ruling), Karnataka)
M.J.S. ENTERPRISES, H.B. ENTERPRISES, ROYAL AUTOMOBILES, M.G. AUTOMOBILES, S.A. AUTOMOBILES, T.S. ENTERPRISES, INDUS STEEL TRADERS, M.M. ENTERPRISES, A.M.K. ENTERPRISES, A.J. ENTERPRISES, FARHAN STEEL (Karnataka High Court, Karnataka)
It includes Ferrous scrap
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
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.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
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.