HSN CODE - 72241000 : INGOTS AND OTHER PRIMARY FORMS

Harmonised System of Nomenclature (HSN Codes) 72241000 are used for the INGOTS AND OTHER PRIMARY FORMS 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 72241000

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

Next two digits (24) represent the heading number which is OTHER ALLOY STEEL IN INGOTS OR OTHER PRIMARY FORMS; SEMI-FINISHED PRODUCTS OF OTHER ALLOY STEEL

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

Last two digits (00) are for final or deeper classification which is INGOTS AND OTHER PRIMARY FORMS

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