HSN CODE - 72029200 : FERRO-VANADIUM

Harmonised System of Nomenclature (HSN Codes) 72029200 are used for the FERRO-VANADIUM products under Goods and Service Tax classification.

India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.

Understanding HSN Code 72029200

First two digits (72) represent the chapter number which is Chapter 72 - Iron and steel

Next two digits (02) represent the heading number which is FERRO-ALLOYS

Next two digits (92) represent the product code which is Other

Last two digits (00) are for final or deeper classification which is FERRO-VANADIUM

All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.