HS Heading 7203
Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or the like; iron having a minimum purity of 99.94%, in lumps, pellets or similar forms
2 tariff lines in this heading, within chapter 72 (Iron and steel). Click any HS code for the full breakdown and a duty calculation.
| HS Code | Description | CD | SD | VAT | AIT | RD | AT | TTI |
|---|---|---|---|---|---|---|---|---|
| 72031000 | Ferrous Products Obtained By Direct Reduction Of Iron Ore, In Lumps... | 0 | 0 | 1000 | 600 | 0 | 7.5 | — |
| 72039000 | Spongy Ferrous Products, Nes, And 99.94% Pure Iron, In Lumps, Pellets... | 0 | 0 | 1000 | 600 | 0 | 7.5 | — |
Recorded imports
Between December 2025 and May 2026, NBR recorded commercial imports worth BDT 8,522,492,492 (179,375,980 kg) under this heading, across 1 of its 2 tariff lines. The remaining 1 recorded no commercial import in that window.
| Month | Lines with imports | Net weight | Assessable value |
|---|---|---|---|
| December 2025 | 1 | 30,775,650 kg | BDT 1,509,746,623 |
| January 2026 | 1 | 27,220,460 kg | BDT 1,339,077,976 |
| February 2026 | 1 | 24,722,240 kg | BDT 1,220,064,737 |
| March 2026 | 1 | 17,098,690 kg | BDT 849,695,449 |
| April 2026 | 1 | 46,170,880 kg | BDT 2,084,537,104 |
| May 2026 | 1 | 33,388,060 kg | BDT 1,519,370,603 |
The largest lines by assessable value in May 2026:
- 72031000 — Ferrous Products Obtained By Direct Reduction Of Iron Ore, In Lumps... — BDT 1,519,370,603
Bonded imports. A further BDT 1,153,558 (2,100 kg) entered under the bonded-warehouse regime over the same months — duty-free inputs imported against an undertaking to re-export them. That is 0.0% of the total value imported under this heading.
Import figures: NBR Import Statements (IM-4 commercial, IM-7 bonded), December 2025 – May 2026. Assessable value is the customs value on which duty is charged, not the retail or invoice price.