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 721699.
First 2 digits, (72) represents chapter number.
This chapter is for Iron and steel.
4 digit HSN code for ANGLES, SHAPES AND SECTIONS OF IRON OR NON-ALLOY STEEL
Next 2 digits, (16) represents heading number.
This heading is for ANGLES, SHAPES AND SECTIONS OF IRON OR NON-ALLOY STEEL.
6 digit HSN code for Other
Next 2 digits, (99) represents item or product.
This code is for Other.
8 digit HSN code for Forged
Last 2 digits, (40) represents specific item or product at micro level.
This code is for Forged.
We have filtered GST applicable on Iron and steel including GST on ANGLES, SHAPES AND SECTIONS OF IRON OR NON-ALLOY STEEL, GST on Other, GST on Forged. You can GST on chapter 72 by visiting this link.