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 720310.
| Digits | Details |
|---|---|
| 72 | First 2 digits, (72) represents chapter number. This chapter is for Iron and steel. |
| 7203 4 digit HSN code for FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE AND OTHER SPONGY FERROUS PRODUCTS, IN LUMPS, PELLETS OR SIMILAR FORMS; IRON HAVING MINIMUM PURITY BY WEIGHT OF 99.94%, IN LUMPS, PELLETS OR SIMILAR FORMS | Next 2 digits, (03) represents heading number. This heading is for FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE AND OTHER SPONGY FERROUS PRODUCTS, IN LUMPS, PELLETS OR SIMILAR FORMS; IRON HAVING MINIMUM PURITY BY WEIGHT OF 99.94%, IN LUMPS, PELLETS OR SIMILAR FORMS. |
720310 6 digit HSN code for Nothing assigned | Next 2 digits, (10) represents item or product. This code is for Not assigned. |
72031000 8 digit HSN code for Ferrous products obtained by direct reduction of iron ore | Last 2 digits, (00) represents specific item or product at micro level. This code is for Ferrous products obtained by direct reduction of iron ore. |
We have filtered GST applicable on Iron and steel including GST on FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE AND OTHER SPONGY FERROUS PRODUCTS, IN LUMPS, PELLETS OR SIMILAR FORMS; IRON HAVING MINIMUM PURITY BY WEIGHT OF 99.94%, IN LUMPS, PELLETS OR SIMILAR FORMS, GST on None, GST on Ferrous products obtained by direct reduction of iron ore. You can GST on chapter 72 by visiting this link.