Export HS Code 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) to South Korea
HS Code Details
| Code | 7203 |
| Description | 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 |
| Chapter | 72 |
| Section | XV — Base Metals |
| Duty Rate | Preferential rate may apply under APTA, India-Korea CEPA |
🇰🇷 South Korea
| Capital | Seoul |
| Currency | Won |
| Region | Eastern Asia |
| India Export Rank | #13 |
| Trade Agreement | APTA, India-Korea CEPA |
Exporting 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 to South Korea
Trade Agreement Benefit: India and South Korea have a APTA, India-Korea CEPA which may offer preferential duty rates for this product category.
Exporting 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 (HS Code 7203) from India to South Korea requires careful attention to documentation, packaging standards, and customs regulations.
Indian exporters should ensure compliance with both Indian export regulations (DGFT) and South Korea's import requirements including proper classification under HS 7203, accurate valuation, and meeting any product-specific standards.
Documentation Required
Commercial Invoice
Detailed invoice with buyer/seller details, product description, quantity, price, and Incoterms.
Packing List
Itemized list of contents, weights, dimensions, and package markings for each shipment unit.
Bill of Lading / Airway Bill
Transport document issued by the carrier confirming receipt of goods for shipment.
Certificate of Origin
Certifies that goods originate from India. Required for preferential tariff treatment under trade agreements.
Shipping Bill
Filed with Indian Customs for export clearance. Generated through ICEGATE.
Letter of Credit / Bank Documents
Payment guarantee instrument. Commonly used for first-time trade partners.
Insurance Certificate
Proof of marine/cargo insurance covering the shipment against loss or damage.
Related HS Codes in Chapter 72
Pig iron and spiegeleisen in pigs, blocks or other primary forms
Other: Non-alloy pig iron containing by weight 0.5% or less of phosphorus
Other: Non-alloy pig iron containing by weight more than 0.5% of phosphorus
Alloy pig iron; spiegeleisen:
Alloy pig iron; spiegeleisen: Cast iron
Alloy pig iron; spiegeleisen: Other
Ferro-alloys - Ferro-manganese :
Ferro-manganese: Containing by weight more than 2% of carbon
Other Export Destinations for HS 7203
Export 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 to South Korea with XIMPEX
Get expert guidance on documentation, compliance, duty optimization, and shipping logistics for your export to South Korea.