HSN CODE - 72061020 : INGOTS OF HIGH CARBON STEEL

Harmonised System of Nomenclature (HSN Codes) 72061020 are used for the INGOTS OF HIGH CARBON STEEL 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 72061020

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

Next two digits (06) represent the heading number which is IRON AND NON-ALLOY STEEL IN INGOTS OTHER PRIMARY FORMS (EXCLUDING IRON OF HEADING 7203)

Next two digits (10) represent the product code which is Ingots

Last two digits (20) are for final or deeper classification which is INGOTS OF HIGH CARBON STEEL

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