Electric arc furnace steelmakers use sponge iron as a scrap substitute and clean iron source.
HSN code 72031000 is classified as Free under India's DGFT ITC(HS) export policy — no export license is required.
This product may be freely exported/imported from India without a license.
HSN Code Details
Ferrous products obtained by direct reduction of iron ore, such as sponge iron and direct reduced iron pellets and lumps, in which oxygen is removed without melting.
DRI is reactive and can heat in contact with water, so ship briquetted or passivated material under IMO solid bulk rules with proper declarations.
Related HSN Codes (Heading 7203)
- 7203continuous casting and also in granular or powder forms, whether or not agglomerated, commonly used as an additive in the manufacture of other alloys or as de-oxidants, de-sulphurising agents or for similar uses in ferrous metallurgy and generally not usefully malleable, containing by weight 4% or mFree
- 72039000OtherFree
Frequently Asked Questions
No. HSN 72031000 is classified as Free under DGFT ITC(HS) policy, so it can be exported from India without an export license or permit.
Sponge iron and DRI are classified in this sub-code.
HSN 72031000 falls under Chapter 72 and Heading 7203 of India's customs tariff schedule.
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