I apologize for not giving much details earlier. The Server on which SCSP agent is installed is a Web facing server and the ~30000 IPs are a part of the globally shared SPAM, Mischievious IPs and hence random. This is why we cannot use Block Ranges like 192.168.1.0/24. Also, Please correct me if I am wrong but according to the document, it says
"The Core policy prevents remote computers from making inbound network connections to an agent computer. Exception lists allow specific remote computers to make inbound network connections."
What I understand from this statement is, that the concept is of Whitelist and not Blacklist i.e. it will block all the IPs and allow only which are mentioned in the list and not the other way around. Please do correct me if I got this statement wrong.