Within Chapter 72 – Iron And Steel, HSN Code 72072030 serves as the official classification for Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality. This code determines tax rates and compliance obligations for all entities trading in Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality. CGST applies at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Measurement is standardized in kg..
HSN Codes under Chapter 72 – Iron And Steel
Below are related HSN codes from Chapter 72 – Iron And Steel for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Iron And Steel... | 72011000 | Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72012000 | Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72015010 | Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... | 9.00% | 9.00% | 18.00% |
| Iron And Steel... | 72015090 | Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72021100 | Ferro-Alloys - Ferro-Manganese : Containing By Wei... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72021900 | Ferro-Alloys - Ferro-Manganese : Other | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72022100 | Ferro-Alloys - Ferro-Silicon: Containing By Weight... | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72022900 | Ferro-Alloys - Ferro-Silicon: Other | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72023000 | Ferro-Alloys - Ferro-Silico-Manganese | 0.09 | 0.09 | 0.18 |
| Iron And Steel... | 72024100 | Ferro-Alloys - Ferro-Chromium : Containing By Weig... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 72072030
For Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality classified under HSN Code 72072030, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Iron And Steel under Chapter 72.
Who Should Use HSN Code 72072030?
Manufacturers, wholesalers, retailers, and exporters dealing in Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality are required to mention HSN 72072030 on all tax documents. This classification under Iron And Steel applies to businesses of all sizes operating within Chapter 72. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Planning to trade in Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality? Complete GST registration to legally collect taxes on goods under HSN 72072030. Businesses importing or exporting Iron And Steel products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Accurate HSN Code 72072030 usage for Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 72 – Iron And Steel to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 72072030 belong to?
HSN Code 72072030 falls under Chapter 72 – Iron And Steel in the GST tariff schedule. This chapter covers various goods including Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality.
Is IGST applicable on Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality?
Yes, IGST at 18.00% is applicable when Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Can e-commerce sellers use HSN Code 72072030?
Yes, e-commerce sellers dealing in Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight 0.25% Or More Of Carbon : Seamless Steel Tube Quality must use HSN 72072030 on their invoices. This applies to all online platforms operating under Iron And Steel classification.
How do I start an import business for Iron And Steel goods?
To import goods under Iron And Steel, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
