WCO classification path
- Chapter72Iron and steel
- Heading7203FERROUS 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
- Subheading720310Ferrous products obtained by direct reduction of iron ore
- National72031000Ferrous products obtained by direct reduction of iron ore
72031000
What is the India import tariff for HS 72031000 (Ferrous products obtained by direct reduction of i)?
Quick answer: India Basic Customs Duty for HS 72031000 is 5, plus IGST 18. 2 import permit / restriction(s) apply.
"Ferrous products obtained by direct reduction of iron ore"
HS code 72031000 (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"; Subheading 720310 "Ferrous products obtained by direct reduction of iron ore") under the India tariff schedule classifies "Ferrous products obtained by direct reduction of iron ore". India customs apply Basic Customs Duty of 5, IGST 18. Statutory unit of measure: kg. This commodity is subject to 2 import regulations or restrictions; see compliance section below.
Tariff Schedule
| Classification | Rate |
|---|---|
基本关税 (BCD) Basic Customs Duty | 5 |
IGST IGST | 18 |
社会福利附加税 SWS | 0.5 |
综合税负 Total duty | 24.49 |
Compliance & Controls
2 import regulations, restrictions, or permit requirements
Free
SIMS*
Non-tariff barrier requirement
Global Benchmark
HS-6 prefix 7203.10 across other jurisdictions