Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203)
Under the Harmonized System of Nomenclature (HSN), the code 7206 specifically identifies iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203) for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.
"Classifying iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203) correctly is critical to avoid litigation. While the base rate is 18%, always check for anti-dumping duties if importing, especially under the Iron & Steel category. AasanKhata automatically monitors these shifts for you."