HSN CODE - 72042990 : FERROUS WASTE AND SCRAP; REMELTING SCRAP INGOTS OF IRON OR STEEL OTHERS

Harmonised System of Nomenclature (HSN Codes) 72042990 are used for the FERROUS WASTE AND SCRAP; REMELTING SCRAP INGOTS OF IRON OR STEEL OTHERS 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 72042990

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

Next two digits (04) represent the heading number which is FERROUS WASTE AND SCRAP; REMELTING SCRAP INGOTS OF IRON OR STEEL

Next two digits (29) represent the product code which is Other

Last two digits (90) are for final or deeper classification which is OTHERS

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