HS Code of 7203 (FERROUS PRODUCTS OBTAINED BYDIRECT REDUCTION OF IRON ORE ANDOTHER SPONGY FERROUS PRODUCTS,IN LUMPS, PELLETS OR SIMILARFORMS; IRON HAVING MINIMUMPURITY BY WEIGHT OF 99.94%, IN LUMPS, PELLETS OR SIMILAR FORMS)

Description:

FERROUS PRODUCTS OBTAINED BYDIRECT REDUCTION OF IRON ORE ANDOTHER SPONGY FERROUS PRODUCTS,IN LUMPS, PELLETS OR SIMILARFORMS; IRON HAVING MINIMUMPURITY BY WEIGHT OF 99.94%, IN LUMPS, PELLETS OR SIMILAR FORMS.

HS codes falls under this category.

Incentives of 7203 (FERROUS PRODUCTS OBTAINED BYDIRECT REDUCTION OF IRON ORE ANDOTHER SPONGY FERROUS PRODUCTS,IN LUMPS, PELLETS OR SIMILARFORMS; IRON HAVING MINIMUMPURITY BY WEIGHT OF 99.94%, IN LUMPS, PELLETS OR SIMILAR FORMS)
HS Codes Duty Drawback Unit Drawback Rate Drawback cap per unit in Rs.
720310 Duty Drawback - 1.1 -
720390 Duty Drawback - 1.1 -

REWARD UNDER MERCHANDISE EXPORTS FROM India SCHEME (MEIS) [AS % ON FOB VALUE OF EXPORTS]

PLEASE NOTE: TOTAL INCENTIVE EQUALS SUM OF MEIS AND DUTY DRAWBACK.FOR INSTANCE, FOR Other FALLING UNDER HS CODE: 150290 INCENTIVES FROM THE GOVERNMENT IS 0.15%.

HS Codes Product Description Reward under MEIS
720310 Ferrous products obtained by direct reduction of iron ore -
720390 Other -
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