Specialty steelmakers and tool steel melters value the high alloy content.
HSN code 72042920 is classified as Free under India's DGFT ITC(HS) export policy β no export license is required.
This product may be freely exported/imported from India without a license.
HSN Code Details
Waste and scrap of high speed steel, such as worn drills, cutters and tool offcuts rich in tungsten, molybdenum and vanadium.
Keep segregated from mixed scrap, declare grade and provide analysis.
Related HSN Codes (Heading 7204)
Frequently Asked Questions
No. HSN 72042920 is classified as Free under DGFT ITC(HS) policy, so it can be exported from India without an export license or permit.
High speed steel scrap is classified in this sub-code.
HSN 72042920 falls under Chapter 72 and Heading 7204 of India's customs tariff schedule.
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