---
title: "7204 HSN Code | HSN Code for Ferrous scrap in India"
description: "Know more about 7204 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7204 covering Ferrous scrap."
canonical: "https://busy.in/hsn/sub-chapter-7204/"
---

# HSN Sub-chapter 7204: Ferrous scrap

Ferrous waste and scrap; remelting scrap ingots of iron or steel

Part of [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/).

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 72041000 | [Waste and scrap of cast iron](https://busy.in/hsn/hsn-72041000/) |
| 72042110 | [Stainless Steel Waste & Scrap (Cartridge Type)](https://busy.in/hsn/hsn-72042110/) |
| 72042190 | [Alloy steel waste and scrap](https://busy.in/hsn/hsn-72042190/) |
| 72042910 | [Other Alloy Steel Waste & Scrap (Cartridge Type)](https://busy.in/hsn/hsn-72042910/) |
| 72042920 | [High Speed Steel Alloy Waste & Scrap](https://busy.in/hsn/hsn-72042920/) |
| 72042990 | [Waste and scrap of alloy steel](https://busy.in/hsn/hsn-72042990/) |
| 72043000 | [Waste and Scrap of Tinned Iron or Steel](https://busy.in/hsn/hsn-72043000/) |
| 72044100 | [Other Iron and Steel Waste & Scrap](https://busy.in/hsn/hsn-72044100/) |
| 72044900 | [Other waste and scrap](https://busy.in/hsn/hsn-72044900/) |
| 72045000 | [Remelting Scrap Ingots](https://busy.in/hsn/hsn-72045000/) |

## Frequently asked questions

### What products are classified under HSN 7204

It includes Ferrous scrap

### How do I bill a kit or combo that 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.

### Any special steps when selling Ferrous scrap through an e‑commerce platform?

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.

### What misclassification mistakes happen with Ferrous scrap?

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.

### Do spares or accessories of Ferrous scrap follow the same HSN?

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.

### If I repair and return Ferrous scrap, how should I charge GST?

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.

## India's trade performance: HSN Sub-Chapter 7204 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹122 Cr (+9.90% YoY) — 0.0033% of India's total exports
- Imports: ₹43,318 Cr (−17.10% YoY) — 0.7103% of India's total imports
- Trade balance: −₹43,195 Cr (Deficit); surplus rank #1201 of 1233 sub-chapters
- Share of Chapter 72: 0.16% of its exports; import side 29.45%
- Rank within Chapter 72: #29 of 29 by export value; import-side #1

### Key metrics

- Export CAGR: 11.15% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #797 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +64.45% in FY 2022-23
- Contribution to Ch. 72: 0.16% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7204

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 Ch. 72 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 72 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 64.85 | 0.0028% | — | 0.10% | 25,669.48 | 0.7148% | — | 29.17% | −25,604.63 | #795 |
| FY 2019-20 | 68.83 | 0.0031% | +6.14% | 0.10% | 24,179.17 | 0.7208% | −5.81% | 31.88% | −24,110.34 | #796 |
| FY 2020-21 | 64.92 | 0.0030% | −5.68% | 0.07% | 21,340.48 | 0.7324% | −11.74% | 34.82% | −21,275.56 | #798 |
| FY 2021-22 | 94.12 | 0.0030% | +44.98% | 0.06% | 32,351.47 | 0.7078% | +51.60% | 34.40% | −32,257.35 | #792 |
| FY 2022-23 | 154.78 | 0.0043% | +64.45% | 0.14% | 54,205.83 | 0.9428% | +67.55% | 37.93% | −54,051.05 | #735 |
| FY 2023-24 | 111.24 | 0.0031% | −28.13% | 0.11% | 52,255.45 | 0.9305% | −3.60% | 33.83% | −52,144.21 | #797 |
| FY 2024-25 | 122.25 | 0.0033% | +9.90% | 0.16% | 43,317.53 | 0.7103% | −17.10% | 29.45% | −43,195.28 | #797 |

- CAGR (7-year): exports 11.15%/yr, imports 9.11%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 7204 export-import analysis

### Consistent export growth: 11.15% CAGR over 7 years

India's exports under HSN Sub-Chapter 7204 have grown at a compound annual rate of 11.15% over 7 fiscal years, rising from ₹64.85 Crore in FY 2018-19 to ₹122.25 Crore in FY 2024-25.

### HSN Sub-Chapter 7204 ranked #797 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7204 ranks #797 out of 1233 sub-chapters by total export value. Within Chapter 72, it ranks #29 of 29. By trade surplus, it ranks #1201 of 1233.

### FY 2022-23 was the strongest growth year for HSN Sub-Chapter 7204 exports

The strongest single-year export movement for HSN Sub-Chapter 7204 was recorded in FY 2022-23, when exports surged by 64.45% over the prior year.

### India records a trade deficit of ₹43,195.28 Crore in HSN Sub-Chapter 7204 goods

In FY 2024-25, India's imports of ₹43,317.53 Cr exceeded exports of ₹122.25 Cr, resulting in a trade deficit of ₹43,195.28 Crore — ranking #1201 of 1233 by surplus magnitude.

### Import growth of 9.11% CAGR signals stable import dependency for Ferrous scrap

India's imports under HSN Sub-Chapter 7204 have grown at 9.11% CAGR, reaching ₹43,317.53 Crore in FY 2024-25.

### HSN Sub-Chapter 7204 contributes 0.16% of Chapter 72 exports — ranked #29

Among the 29 sub-chapters under Chapter 72, HSN Sub-Chapter 7204 ranks #29 by export value — accounting for 0.16% of the chapter's total exports in FY 2024-25. On the import side, it holds 29.45% share (rank #1).

## Related Sub-Chapters in Chapter 72

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7202: Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) | ₹21,917 Cr |
| #2 | [HSN Sub-Chapter 7222: Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) | ₹9,436 Cr |
| #3 | [HSN Sub-Chapter 7210: Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) | ₹8,733 Cr |
| #4 | [HSN Sub-Chapter 7208: Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) | ₹6,913 Cr |
| #5 | [HSN Sub-Chapter 7219: Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) | ₹4,569 Cr |
| #6 | [HSN Sub-Chapter 7203: Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) | ₹4,077 Cr |
| #7 | [HSN Sub-Chapter 7223: Wire of stainless steel](https://busy.in/hsn/sub-chapter-7223/) | ₹3,561 Cr |
| #8 | [HSN Sub-Chapter 7207: Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) | ₹3,154 Cr |
| #9 | [HSN Sub-Chapter 7209: Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) | ₹2,527 Cr |
| #10 | [HSN Sub-Chapter 7224: Other alloy steel products](https://busy.in/hsn/sub-chapter-7224/) | ₹1,500 Cr |
| #29 | HSN Sub-Chapter 7204: Ferrous scrap (this hsn sub-chapter) | ₹122 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7201 | [Pig iron](https://busy.in/hsn/sub-chapter-7201/) |
| 7202 | [Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) |
| 7203 | [Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) |
| 7205 | [Iron Powders](https://busy.in/hsn/sub-chapter-7205/) |
| 7206 | [Primary Iron & Steel](https://busy.in/hsn/sub-chapter-7206/) |
| 7207 | [Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) |
| 7208 | [Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) |
| 7209 | [Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) |
| 7210 | [Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) |
| 7211 | [Flat-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7211/) |
| 7212 | [Flat Iron & Steel](https://busy.in/hsn/sub-chapter-7212/) |
| 7213 | [Wood pulp products](https://busy.in/hsn/sub-chapter-7213/) |
| 7214 | [Iron or steel rods and bars](https://busy.in/hsn/sub-chapter-7214/) |
| 7215 | [Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7215/) |
| 7216 | [Iron anchors and grapnels](https://busy.in/hsn/sub-chapter-7216/) |
| 7217 | [Iron/non-alloy steel wire](https://busy.in/hsn/sub-chapter-7217/) |
| 7218 | [Stainless steel products](https://busy.in/hsn/sub-chapter-7218/) |
| 7219 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) |
| 7220 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7220/) |
| 7221 | [Stainless steel bars and rods](https://busy.in/hsn/sub-chapter-7221/) |
| 7222 | [Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) |
| 7223 | [Wire of stainless steel](https://busy.in/hsn/sub-chapter-7223/) |
| 7224 | [Other alloy steel products](https://busy.in/hsn/sub-chapter-7224/) |
| 7225 | [Alloy steel flat products](https://busy.in/hsn/sub-chapter-7225/) |
| 7226 | [Hot-rolled alloy steel](https://busy.in/hsn/sub-chapter-7226/) |
| 7227 | [Aluminum fittings](https://busy.in/hsn/sub-chapter-7227/) |
| 7228 | [Alloy Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7228/) |
| 7229 | [Alloy Steel Wire](https://busy.in/hsn/sub-chapter-7229/) |