HS Code for Ferrous scrap
The classification of Ferrous Scrap under HS code 7204.49 is governed by the General Rules for the Interpretation (GRI) of the Harmonized System. Specifically, Chapter 72 covers iron and steel, and Heading 7204 is dedicated to ferrous waste and scrap, as well as remelting scrap ingots. Within this heading, the system differentiates between various types of scrap based on their composition and origin. Subheading 7204.49 serves as a residual category, often referred to as other ferrous waste and scrap. This means it includes materials that do not meet the specific definitions of cast iron, alloy steel, or tinned iron or steel. To qualify for this code, the material must be fit only for the recovery of metal through remelting or for use in the manufacture of chemical compounds. It typically consists of miscellaneous steel scrap from industrial processes or end-of-life products that have been collected and processed for recycling. The classification relies on the fact that the product is no longer usable for its original purpose and is being traded as a raw material for the steel industry. This code is essential for the global recycling industry, facilitating the trade of miscellaneous steel scrap used in electric arc furnaces.
Products Included
- Mixed heavy melting steel scrap (HMS 1 and 2)
- Shredded steel scrap not containing alloy steel
- Miscellaneous iron and steel turnings and shavings
- Crushed steel borings and chips
- Baled steel scrap from industrial stamping
Common Misclassification
Ferrous scrap is frequently misclassified under other subheadings of 7204. For instance, scrap consisting of stainless steel must be classified under 7204.21, while other alloy steel scrap falls under 7204.29. Waste and scrap of cast iron are specifically assigned to 7204.10. Another common error involves tinned iron or steel scrap, which belongs under 7204.30. It is crucial to distinguish between general ferrous scrap and these specific categories to ensure correct duty application.
FAQ
What is the HS code for Ferrous scrap?
The HS code for general ferrous waste and scrap not elsewhere specified is 7204.49.
Does this code include stainless steel scrap?
No, stainless steel scrap is specifically classified under HS code 7204.21 due to its high chromium content and different recycling value.
Industry
Frequently Asked Questions
What is the HS code for Ferrous scrap?
The HS code for Ferrous scrap is 720449 (Ferrous waste and scrap; n.e.c. in heading no. 7204).
How do I classify Ferrous scrap for customs?
Ferrous scrap is classified under HS code 720449 — Ferrous waste and scrap; n.e.c. in heading no. 7204. This is a 6-digit subheading level code.
Is the HS code for Ferrous scrap the same in all countries?
The base HS code 720449 for Ferrous scrap is internationally standardized for the first 6 digits across 200+ countries. Individual countries may add additional digits for national tariff lines and specific classifications.