HSN code 72042920
Tariff item in chapter 72 — Iron and steel
Ferrous waste and scrap; remelting scrap ingots of iron or steel – other – of high speed steel
Classification
| Code type | HSN — Harmonized System of Nomenclature |
|---|---|
| Level | Tariff item (8 digits) |
| Section | Section XV — Base metals and articles of base metal |
| Chapter 72 | Iron and steel |
| Heading 7204 | Ferrous waste and scrap; remelting scrap ingots of iron or steel |
| Sub-heading 720429 | Ferrous waste and scrap; remelting scrap ingots of iron or steel – other |
| Tariff item 72042920 | Ferrous waste and scrap; remelting scrap ingots of iron or steel – other – of high speed steel |
Other codes under 720429
Using HSN 72042920 in GST
On GST invoices, a business with annual turnover up to ₹5 crore must show at least the first 4 digits (7204) on B2B invoices, and a business above ₹5 crore must show 6 digits (720429) on all invoices. The full 8-digit code is used for imports and exports.
The GST rate depends on the exact goods or service and any conditions in the rate notification, so it is not listed here. Check the official CBIC GST rate finder, then work out the tax with the GST calculator or make a bill with the GST invoice generator.
Frequently asked questions
What is HSN code 72042920?
HSN code 72042920 is the tariff item for: Ferrous waste and scrap; remelting scrap ingots of iron or steel – other – of high speed steel.
What is the GST rate for HSN 72042920?
GST rates are set by CBIC rate notifications and can depend on conditions, so check the CBIC GST rate finder for HSN 72042920 before invoicing.
How many digits of HSN 72042920 should I write on my invoice?
Up to ₹5 crore turnover: at least 4 digits (7204) on B2B invoices. Above ₹5 crore: 6 digits (720429) on all invoices.