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 722720.
First 2 digits, (72) represents chapter number.
This chapter is for Iron and steel.
4 digit HSN code for BARS AND RODS, HOT-ROLLED, IN IRREGULARLY WOUND COILS, OF OTHER ALLOY STEEL
Next 2 digits, (27) represents heading number.
This heading is for BARS AND RODS, HOT-ROLLED, IN IRREGULARLY WOUND COILS, OF OTHER ALLOY STEEL.
6 digit HSN code for Nothing assigned
Next 2 digits, (20) represents item or product.
This code is for Not assigned.
8 digit HSN code for Of silico-manganese steel
Last 2 digits, (00) represents specific item or product at micro level.
This code is for Of silico-manganese steel.
We have filtered GST applicable on Iron and steel including GST on BARS AND RODS, HOT-ROLLED, IN IRREGULARLY WOUND COILS, OF OTHER ALLOY STEEL, GST on None, GST on Of silico-manganese steel. You can GST on chapter 72 by visiting this link.