HSN Code 72031000: Ferrous Products from Direct Reduction of Iron Ore

HSN Code 72031000 represents Ferrous Products from Direct Reduction of Iron Ore under GST classification. This code helps businesses identify Ferrous Products from Direct Reduction of Iron Ore correctly for billing, taxation, and trade. With HSN Code 72031000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Ferrous Products from Direct Reduction of Iron Ore.

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Chapter Number	Chapter Name	Sub Chapter Number	Sub Chapter Name	Description of Goods	CGST (%)	SGST (%)	IGST (%)	CESS (%)
72	Iron and steel	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	Ferrous products obtained by direct reduction of iron ore	9%	9%	18%	0%
72	Iron and steel	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	Ferrous products obtained by direct reduction of iron ore	9%	9%	18%	0%

Description of goods

Ferrous products obtained by direct reduction of iron ore

Chapter

72 – Iron and steel

Sub Chapter

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

CGST 9%

SGST 9%

IGST 18%

CESS 0%

Description of goods

Ferrous products obtained by direct reduction of iron ore

Chapter

72 – Iron and steel

Sub Chapter

CGST 9%

SGST 9%

IGST 18%

CESS 0%

HSN Code	Description
72039000	Other
72039000	Other

HSN Code 72039000

Other

HSN Code 72039000

Other

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What products are classified under HSN 72031000 ?

It includes Stainless Steel Waste & Scrap (Cartridge Type)

Does packaging or labelling change the GST for Ferrous Products from Direct Reduction of Iron Ore?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

Any common misclassification issue with Ferrous Products from Direct Reduction of Iron Ore?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Ferrous Products from Direct Reduction of Iron Ore?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

How much GST applies to Ferrous Products from Direct Reduction of Iron Ore?

Under HSN 72031000, Ferrous Products from Direct Reduction of Iron Ore attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Ferrous Products from Direct Reduction of Iron Ore is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ferrous Products from Direct Reduction of Iron Ore; Nil for exempt items if applicable).

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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