HS code is classified under chapter 72 (Iron and steel) of ITC (Indian Tariff Code). Chapter 72 is classified under Section 15 (BASE METAL & ARTICLES OF BASE METAL). You can check GST tax rate on 720421.
First 2 digits, (72) represents chapter number.
This chapter is for Iron and steel.
4 digit HSN code for FERROUS WASTE AND SCRAP; REMELTING SCRAP INGOTS OF IRON OR STEEL
Next 2 digits, (04) represents heading number.
This heading is for FERROUS WASTE AND SCRAP; REMELTING SCRAP INGOTS OF IRON OR STEEL.
6 digit HSN code for Of stainless steel
Next 2 digits, (21) represents item or product.
This code is for Of stainless steel.
8 digit HSN code for Other
Last 2 digits, (90) represents specific item or product at micro level.
This code is for Other.
We have filtered GST applicable on Iron and steel including GST on FERROUS WASTE AND SCRAP; REMELTING SCRAP INGOTS OF IRON OR STEEL, GST on Of stainless steel, GST on Other. You can GST on chapter 72 by visiting this link.