HSN CODE - 72029916 : Ferro-tantalum

Harmonised System of Nomenclature (HSN Codes) 72029916 are used for the Ferro-tantalum 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 72029916

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 (99) represent the product code which is Ferro-phosphorus, Ferro-selenium, Ferro-cobalt, Ferro-columbium, Ferro-zirconium, Ferro-tantalum

Last two digits (16) are for final or deeper classification which is Ferro-tantalum

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