--- title: "HSN Code for Iron Ore Lumps (60-<62% Fe) | HSN 26011111 GST Rate" description: "Find HSN and GST Rates for 26011111 related to Iron Ore Lumps (60-<62% Fe) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-26011111/" --- # HSN Code 26011111: Iron Ore Lumps (60-<62% Fe) - [Section 05: Guide to HSN Section 05](https://busy.in/hsn/section-05/) - [Chapter 26: Ores, Slag and Ash](https://busy.in/hsn/chapter-26/) - [Sub-chapter 2601: Iron ores and extracts](https://busy.in/hsn/sub-chapter-2601/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore lumps (60% Fe or more) : 60% Fe or more but below 62% Fe | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 26011111 ? It includes Iron Ore Lumps (60-<62% Fe) ### Can we claim ITC on inputs used to trade Iron Ore Lumps (60-<62% Fe)? If your outward supply is taxable (5%/12% etc.), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Iron Ore Lumps (60-<62% Fe) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Iron Ore Lumps (60-<62% Fe); Nil for exempt items if applicable). ### How much GST applies to Iron Ore Lumps (60-<62% Fe)? Under HSN 26011111, Iron Ore Lumps (60-<62% Fe) attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Do e‑way bill and e‑invoice apply for Iron Ore Lumps (60-<62% Fe)? Generate an e‑way bill if the consignment value exceeds ₹50,000 (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Does packaging or labelling change the GST for Iron Ore Lumps (60-<62% Fe)? For many agri/food items, GST applies at 5% when they are not fresh/chilled and are sold as pre‑packaged & labelled. Loose or fresh/chilled forms may be Nil. ## India's trade performance: HSN Code 26011111 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7410 of 12657 HSN codes - Share of Sub-Chapter 2601: 0.00% of its exports; import side 0.00% ### Key metrics - Peak growth year: +600.00% in FY 2023-24 - Contribution to Sub-Ch. 2601: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 26011111 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 2601 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2601 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | 393.34 | 0.0110% | — | 6.66% | −393.34 | — | | FY 2019-20 | 19.39 | 0.0009% | — | 0.10% | Nil | 0.0000% | −100.00% | 0.00% | +19.39 | #4155 | | FY 2020-21 | 21.10 | 0.0010% | +8.82% | 0.06% | < ₹1 Crore | 0.0000% | — | 0.00% | +21.06 | #4119 | | FY 2021-22 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — | | FY 2022-23 | < ₹1 Crore | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | −0.03 | #10292 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +600.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | +0.07 | #9929 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | −0.13 | — | - CAGR (7-year): exports —/yr, imports -73.71%/yr (consistently Deficit) ## Key trade insights: HSN Code 26011111 export-import analysis ### Export snapshot for HSN Code 26011111 India exported ₹0.00 Crore worth of Iron Ore Lumps (60-<62% Fe) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2023-24 was the strongest growth year for HSN Code 26011111 exports The strongest single-year export movement for HSN Code 26011111 was recorded in FY 2023-24, when exports surged by 600.00% over the prior year. ### India records a trade deficit of ₹0.13 Crore in HSN Code 26011111 goods In FY 2024-25, India's imports of ₹0.13 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.13 Crore — ranking #7410 of 12657 by surplus magnitude. ### Import growth of -73.71% CAGR signals stable import dependency for Iron Ore Lumps (60-<62% Fe) India's imports under HSN Code 26011111 have grown at -73.71% CAGR, reaching ₹0.13 Crore in FY 2024-25. ## Related HSN Codes in Sub-Chapter 2601 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 26011142: Iron Ore Fines (55-<58% Fe)](https://busy.in/hsn/hsn-26011142/) | ₹8,487 Cr | | #2 | [HSN Code 26011210: Iron Ore Pellets](https://busy.in/hsn/hsn-26011210/) | ₹6,208 Cr | | #3 | [HSN Code 26011141: Iron Ore Fines (<55% Fe)](https://busy.in/hsn/hsn-26011141/) | ₹2,377 Cr | | #4 | [HSN Code 26011122: Iron Ore Lumps (55-58% Fe)](https://busy.in/hsn/hsn-26011122/) | ₹489 Cr | | #5 | [HSN Code 26011121: Iron Ore Lumps (< 55% Fe)](https://busy.in/hsn/hsn-26011121/) | ₹40 Cr | | #6 | [HSN Code 26011290: Other Agglomerated Iron Ores](https://busy.in/hsn/hsn-26011290/) | ₹19 Cr | | #7 | [HSN Code 26011119: Iron Ore Lumps (>=65% Fe)](https://busy.in/hsn/hsn-26011119/) | < ₹1 Crore | | #8 | [HSN Code 26011149: Iron Ore Fines (60-<62% Fe)](https://busy.in/hsn/hsn-26011149/) | < ₹1 Crore | | #9 | [HSN Code 26011190: Other Non-Agglomerated Iron Ores](https://busy.in/hsn/hsn-26011190/) | < ₹1 Crore | | #10 | [HSN Code 26012000: Roasted Iron Pyrites](https://busy.in/hsn/hsn-26012000/) | < ₹1 Crore | | — | HSN Code 26011111: Iron Ore Lumps (60-<62% Fe) (this hsn code) | Nil |