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 720429.
| Digits | Details |
|---|---|
| 72 | First 2 digits, (72) represents chapter number. This chapter is for Iron and steel. |
| 7204 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. |
720429 6 digit HSN code for Other | Next 2 digits, (29) represents item or product. This code is for Other. |
72042920 8 digit HSN code for Of high speed steel | Last 2 digits, (20) represents specific item or product at micro level. This code is for Of high speed steel. |
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 Other, GST on Of high speed steel. You can GST on chapter 72 by visiting this link.