HSN Code 72031000

Ferrous products obtained by direct reduction of iron ore

Typical GST rate

Varies

Depends on sub-classification

Type

Goods

HSN classification

Code level

8-digit

Tariff item

Reading code 72031000

The first two digits (72) place this code in chapter 72 — Iron and Steel. Heading 7203 groups the product family, and the remaining digits pin down this specific 8-digit classification. Remember: you can never invent a shorter code by truncating a longer one — only codes that exist in the official tariff are valid.

Primary iron and steel — ingots, HR/CR coils, bars, rods, TMT, and wire. The raw-material chapter for every steel trader, at 18% GST.

Parent 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

Related codes in heading 7203

72039000 — 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 — other — other

Frequently asked questions

The GST rate under 72031000 depends on the specific item and applicable notifications. Check the classification with our HSN code finder and confirm the rate before invoicing.

Businesses with annual aggregate turnover of ₹5 crore or more must report at least 6 digits on e-invoices and e-way bills; below ₹5 crore, 4 digits is the B2B minimum. Exports require 8 digits.

Every line item on a GST tax invoice carries its HSN code alongside the description, quantity, taxable value, and tax breakup. The code also flows into your GSTR-1 HSN summary and e-way bills.

Related tools & guides

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