HSN Code 72031000 -- – Ferrous products obtained by direct reduction of iron ore and other spongy ferro (GST Rate 18%)

HSN Code 72031000

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 - ferrous products obtained by direct reduction of iron ore

HSN72031000

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 - ferrous products obtained by direct reduction of iron ore

18%
IGST
Schedule II
CGST9%
SGST/UTGST9%
CessNil
Chapter: Chapter 72 -- Iron and steel
Heading: 7203
Subheading: 720310
Source: Notification No. 9/2025 - Central Tax (Rate)
Effective from: 2025-09-22
Last verified: 2026-06-03

When does this rate apply?

Use this HSN Code on tax invoices when supplying Ferrous products obtained by direct reduction of iron ore and other spongy ferro. GST is charged at 18% (IGST for inter-state, or CGST 9% + SGST 9% for intra-state). If the supply is exported under LUT, the rate is zero with no IGST charged.

This page is reviewed by CA Tirumalesh. For high-value or unusual transactions, confirm with the latest CBIC notification or consult a chartered accountant before invoicing.

Create an invoice with this code → See all items at 18% →

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Frequently asked questions

What is HSN Code 72031000?
HSN Code 72031000 is the official Harmonized System of Nomenclature code for Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or simila, as per the CBIC GST rate schedule.
What is the GST rate for HSN Code 72031000?
HSN Code 72031000 attracts GST at 18% (IGST). For intra-state supplies, this is split as CGST 9% + SGST 9%. As per Notification No. 9/2025 - Central Tax (Rate).
Which chapter does HSN Code 72031000 belong to?
HSN Code 72031000 falls under Chapter 72 -- Iron and steel of the GST tariff.
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