Iron scrap HSN Code
GST rates and HSN code for Iron scrap.
| Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
|---|---|---|---|---|---|---|
| <strong>Iron</strong> and steel | Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Waste And Scrap Of Tinned Iron Or Steel | 72043000 | 18% | – | 01/07/2017 | – |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel | 7204 | 18% | – | 01/07/2017 | – | |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Waste And Scrap Of Alloy Steel : Other : Of High Speed Steel | 72042920 | 18% | – | 01/07/2017 | – | |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Other Waste And Scrap : Other | 72044900 | 18% | – | 01/07/2017 | – | |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Waste And Scrap Of Cast Iron | 72041000 | 18% | – | 01/07/2017 | – | |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Remelting Scrap Ingots | 72045000 | 18% | – | 01/07/2017 | – | |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Waste And Scrap Of Alloy Steel : Other : Other | 72042990 | 18% | – | 01/07/2017 | – | |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Waste And Scrap Of Alloy Steel : Of Stainless Steel : Other | 72042190 | 18% | – | 01/07/2017 | – | |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Other Waste And Scrap : Turnings, Shavings, Chips, Milling Waste, Saw Dust, Fillings, Trimmings And Stampings, Whether Or Not ` In Bundles | 72044100 | 18% | – | 01/07/2017 | – | |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Waste And Scrap Of Alloy Steel : Other : Empty Or Discharged Cartridges Of All Bores And Sizes | 72042910 | 18% | – | 01/07/2017 | – | |
| Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel – Waste And Scrap Of Alloy Steel : Of Stainless Steel : Empty Or Discharged Cartridges Of All Bores And Sizes | 72042110 | 18% | – | 01/07/2017 | – | |
| Angles, Shapes And Sections Of Iron Or Non-Alloy Steel – Other: Other : Forged | 72169940 | 18% | – | 01/07/2017 | – | |
| Ores, slag and ash | Slag, Ash And Residues (Other Than From The Manufacture Of Iron Or Steel), Containing Arsenic, Metals Or Their Compounds – Other: Containing Antimony , Beryllium, Cadmium, Chromium Or Their Mixtures | 26209100 | 18% | – | 01/07/2017 | – |
| Articles of <strong>iron</strong> or steel | Screws, Bolts, Nuts, Coach-Screws, Screw Hooks, Rivets, Cotters, Cotter-Pins, Washers (Including Spring Washers) And Similar Articles, Of Iron Or Steel – Threaded Articles | 7318 | 18% | – | 01/07/2017 | – |
| Other Tubes, Pipes And Hollow Profiles (For Example, Open Seam Or Welded, Riveted Or Similarly Closed), Of Iron Or Steel – Line Pipe Of A Kind Used For Oil Or Gas Pipeline — Welded, Of Stailess Steel | 73061100 | 18% | – | 01/07/2017 | – | |
| Reservoirs, Tanks, Vats And Similar Containers For Any Material (Other Than Compressed Or Liquefied Gas), Of Iron Or Steel, Of A Capacity Exceeding 300 L, Whether Or Not Lined Or Heat-Insulated, But Not Fitted With Mechanical Or Thermal Equipment | 730900 | 18% | – | 01/07/2017 | – | |
| Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Other, Of Circular Cross-Section, Of Iorn Or Non-Alloy Steel: — Other — Above 114.3 Mm But Up To 219.1 Mm Outer Diameter: —- Other | 73043929 | 18% | – | 01/07/2017 | – | |
| Plastics and articles thereof | Waste, Parings And Scrap, Of Plastics – Of Polymers Of Styrene | 39152000 | 18% | – | 13/10/2017 | – |
| Other base metals; cermets; articles thereof | Beryllium, Chromium, Germanium, Vanadium, Gallium, Hafnium, Indium, Niobium (Columbium), Rhenium And Thallium, And Articles Of These Metals, Including Waste And Scrap – Vanadium:Waste And Scrap | 81124020 | 18% | – | 01/07/2017 | – |
| Inorganic chemicals, organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive | Chlorides, Chloride Oxides And Chloride Hydroxides; Bromides And Bromide Oxides; Iodides And Iodide Oxides – Other Chlorides : Of Iron | 28273300 | 18% | – | 01/07/2017 | – |
Understanding Iron Scrap HSN Codes: A Comprehensive Guide
The world of scrap metal is vast, and properly classifying materials like iron scrap is essential for businesses involved in recycling, manufacturing, and trade. The Harmonised System of Nomenclature (HSN) code plays a vital role in this classification, ensuring accurate GST (Goods and Services Tax) application and smooth compliance. This blog post delves into the various HSN codes for iron scrap, helping you navigate this important aspect of the industry.
Identifying Iron Scrap HSN Codes
Iron scrap primarily falls under Chapter 72 of the HSN, specifically designated for “Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel.” Within this broad category, various types of iron scrap are further differentiated based on their composition and form.
Common HSN Codes for Iron Scrap
You will encounter several specific HSN codes for different kinds of iron scrap:
- General Ferrous Waste and Scrap: The overarching HSN code 7204 covers ferrous waste and scrap, and remelting scrap ingots of iron or steel.
- Waste and Scrap of Tinned Iron or Steel: If the iron scrap has a tin coating, it is categorized under HSN code 72043000.
- Waste and Scrap of Cast Iron: This specific type of iron scrap has its own distinct HSN code: 72041000.
- Waste and Scrap of Alloy Steel: This category is further broken down:
- Of Stainless Steel:
- General stainless steel scrap: 72042190
- Empty or discharged cartridges of all bores and sizes: 72042110
- Other Alloy Steel:
- Of high-speed steel: 72042920
- Empty or discharged cartridges of all bores and sizes: 72042910
- Other alloy steel scrap: 72042990
- Of Stainless Steel:
- Other Waste and Scrap: This covers more general forms of iron scrap:
- Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings, and stampings (whether or not in bundles): 72044100
- Other miscellaneous waste and scrap: 72044900
- Remelting Scrap Ingots: These are ingots specifically made from scrap for remelting purposes, falling under HSN code 72045000.
GST Rates for Iron Scrap
Across all the mentioned HSN codes for ferrous waste and scrap, including remelting scrap ingots, the GST rate is uniformly 18%. This rate has been effective since July 1, 2017.
It is important to note that while other chapters like “Ores, slag and ash” (Chapter 26) or “Articles of iron or steel” (Chapter 73) may deal with iron-related materials, the specific classification for “scrap” directly points to Chapter 72.
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