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<h1>GST on specified ferrous products applies to direct-reduced and high-purity iron forms under the scheduled tax rate.</h1> Applies GST at 18% under Schedule 3 to ferrous products obtained by direct reduction of iron ore and other spongy ferrous products in lumps, pellets or similar forms, and to iron with minimum purity by weight of 99.94% in lumps, pellets or similar forms.