HSN CODE - 72031000 : FERS PRDCT OBTND BY DRCT RDCTN OF IRON ORE

Harmonised System of Nomenclature (HSN Codes) 72031000 are used for the FERS PRDCT OBTND BY DRCT RDCTN OF IRON ORE products under Goods and Service Tax classification.

India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.

Understanding HSN Code 72031000

First two digits (72) represent the chapter number which is Chapter 72 - Iron and steel

Next two digits (03) represent the heading number which is 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

Next two digits (10) represent the product code which is

Last two digits (00) are for final or deeper classification which is FERS PRDCT OBTND BY DRCT RDCTN OF IRON ORE

All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.