What product does HS code 72.03 refer to?

HS 72.03 falls under Chapter 72 (Iron and steel), heading 72.0 (FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE AND OTHER SPONGY FERROUS PRODUCTS, IN LUMPS, PELLETS OR SIMILA). Specifically: Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or simila.

What documents are required to import HS 72.03 into Philippines?

Typically required: commercial invoice, packing list, bill of lading / airway bill, certificate of origin (for preferential rates). Confirm latest requirements with Bureau of Customs Philippines.

How to calculate landed cost for importing HS 72.03 into Philippines?

Use CIF (goods + freight + insurance) × tariff rate = import duty. Then add VAT/GST for import-stage taxes. Treayo provides an online calculator at https://treayo.cn/en/calculator/philippines.

WCO classification path

Chapter72Iron and steel
Heading7203FERROUS 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
National72.03Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 %, in lumps, pellets or similar forms.

72.03

ACTIVE

What is the Philippines import tariff for HS 72.03 (Ferrous products obtained by direct reduction of i)?

Quick answer: Philippines tariff for HS 72.03 is —.

"Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 %, in lumps, pellets or similar forms."

HS code 72.03 (Chapter 72 "Iron and steel"; Heading 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") under the Philippines tariff schedule classifies "Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 %, in lumps, pellets or similar forms.".

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