The schedule describes tariff item 7204 29 90 as “Other”, the residual line under ferrous waste and scrap; remelting scrap ingots of iron or steel. The standard rate of basic customs duty in the First Schedule to the Customs Tariff Act, 1975 is 2.5%, and integrated tax is 18%. Below is the whole bill worked at an assessable value of ₹10,00,000, with the base each levy is charged on.
| Level | Description |
|---|---|
| 72 | Chapter 72: Iron and steel |
| 7204 | Heading 7204: Ferrous waste and scrap; remelting scrap ingots of iron or steel |
| 7204 29 | Sub-heading 7204 29: Other |
| 7204 29 90 | Other. Unit: kg.. Import policy: Free |
Heading 7204 holds 10 tariff items in this dataset and every one of them carries the same standard rate of 2.5%, so within this heading the choice of eight digit line does not change the duty.
Put your own assessable value in and the whole stack re-works on this line's own rates: basic customs duty at 2.5%, the Social Welfare Surcharge charged on that duty rather than on the value, and integrated tax at 18% on the value plus both. Assessable value is cost, insurance and freight plus landing charges where they apply, not the invoice value on its own.
| Rate | Levy | Amount |
|---|---|---|
| 2.5% | Basic customs duty, of the assessable value | ₹25,000 |
| 10% | Social Welfare Surcharge, of the basic customs duty | ₹2,500 |
| 18% | IGST, of value plus the duties above | ₹1,84,950 |
| 21.25% | Total duty and tax, as a share of the assessable value | ₹2,12,450 |
Appendix 4R carries no entry for tariff item 7204 29 90, so an export on this line earns nothing under RoDTEP. That is an answer rather than a gap: whole chapters of the tariff sit outside the scheme, and an exporter told so plainly is better served than one shown a hedge.
Notification 74/2025-26 ran the scheme to 30 September 2026, which has passed, so check DGFT for a continuation notification before relying on the figure above. Rates come from Appendix 4R and Appendix 4RE as DGFT publishes them. Work the entitlement on your own FOB value and quantity.
This dataset carries no preferential rate for tariff item 7204 29 90, which may mean no trade agreement covers the line or simply that the source did not publish one for it. Check the agreement schedule for the origin you are importing from.
| Code | Description | Duty | IGST | Export rate |
|---|---|---|---|---|
| 7204 10 00 | Waste and scrap of cast iron | 2.5% | 18% | n/a |
| 7204 21 10 | Empty or discharged cartridges of all bores and sizes | 2.5% | 18% | n/a |
| 7204 21 90 | Other | 2.5% | 18% | n/a |
| 7204 29 10 | Empty or discharged cartridges of all bores and sizes | 2.5% | 18% | n/a |
| 7204 29 20 | Of high speed steel | 2.5% | 18% | n/a |
| 7204 30 00 | Waste and scrap of tinned iron or steel | 2.5% | 18% | n/a |
| 7204 41 00 | Turnings, shavings, chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles | 2.5% | 18% | n/a |
| 7204 49 00 | Other | 2.5% | 18% | n/a |
| 7204 50 00 | Remelting scrap ingots | 2.5% | 18% | n/a |
Bring in ₹10,00,000 of ferrous waste and scrap; remelting scrap ingots of iron or steel, other and customs will ask for ₹2,12,450, which is 21.25% of what the consignment is assessed at. That is not one charge. It is four, and each is charged on a base that includes the ones before it.
Of the ₹2,12,450 above, exactly ₹25,000 can be paid with a RoDTEP or RoSCTL duty-credit scrip instead of cash, because Regulation 6(1) of the Electronic Duty Credit Ledger Regulations, 2021 confines the credit in an e-scrip to duties of customs specified in the First Schedule to the Customs Tariff Act, 1975. The remaining ₹1,87,450 is paid in cash.
A scrip bought below face value therefore saves that discount on ₹25,000, not on ₹2,12,450. How the buy side works, or read what a duty-credit scrip is end to end.
The First Schedule states the duty on this line as "5%". Integrated tax is carried under CBIC notification 009/2025. How the figures in this chapter are checked, and when they were last checked is in the meta line at the top of this page.
This is the tariff arithmetic on a published rate, not an assessment. Goods are assessed by the proper officer under section 17 of the Customs Act, 1962, and valuation, exemption notifications, anti-dumping and safeguard duties can all change what is finally payable. A wrong tariff line makes every number on this page wrong together, so this is not classification advice.
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