HSN code 72031000
Tariff item in chapter 72 — Iron and steel
Ferrous products obtained by direct reduction of iron ore
Classification
| Code type | HSN — Harmonized System of Nomenclature |
|---|---|
| Level | Tariff item (8 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 |
| Sub-heading 720310 | Ferrous products obtained by direct reduction of iron ore |
| Tariff item 72031000 | Ferrous products obtained by direct reduction of iron ore |
Using HSN 72031000 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 (720310) 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 72031000?
HSN code 72031000 is the tariff item for: Ferrous products obtained by direct reduction of iron ore.
What is the GST rate for HSN 72031000?
GST rates are set by CBIC rate notifications and can depend on conditions, so check the CBIC GST rate finder for HSN 72031000 before invoicing.
How many digits of HSN 72031000 should I write on my invoice?
Up to ₹5 crore turnover: at least 4 digits (7203) on B2B invoices. Above ₹5 crore: 6 digits (720310) on all invoices.