HSN code 7203
Heading in chapter 72 — Iron and steel
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
Classification
| Code type | HSN — Harmonized System of Nomenclature |
|---|---|
| Level | Heading (4 digits) |
| Section | Section XV — Base metals and articles of base metal |
| Chapter 72 | Iron and steel |
| Heading 7203 | 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 |
2 codes under HSN 7203
Using HSN 7203 in GST
On GST invoices, a business with annual turnover up to ₹5 crore must show at least the first 4 digits (7203) on B2B invoices, and a business above ₹5 crore must show 6 digits on all invoices. The full 8-digit code is used for imports and exports.
The GST rate depends on the exact goods or service and any conditions in the rate notification, so it is not listed here. Check the official CBIC GST rate finder, then work out the tax with the GST calculator or make a bill with the GST invoice generator.
Frequently asked questions
What is HSN code 7203?
HSN code 7203 is the heading 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.
What is the GST rate for HSN 7203?
GST rates are set by CBIC rate notifications and can depend on conditions, so check the CBIC GST rate finder for HSN 7203 before invoicing.
How many codes are under HSN 7203?
2 more detailed codes are listed directly under HSN 7203 in the GST list.