--- title: "HSN Code for Iron Ore Lumps (62-65% Fe) | HSN 26011112 GST Rate" description: "Find HSN and GST Rates for 26011112 related to Iron Ore Lumps (62-65% Fe) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-26011112/" --- # HSN Code 26011112: Iron Ore Lumps (62-65% 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) : 62% Fe or more but below 65% Fe | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 26011112 ? It includes Iron Ore Lumps (62-65% Fe) ### Do e‑way bill and e‑invoice apply for Iron Ore Lumps (62-65% 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 (62-65% 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. ### Can we claim ITC on inputs used to trade Iron Ore Lumps (62-65% 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 (62-65% 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 (62-65% Fe); Nil for exempt items if applicable). ### Any common misclassification issue with Iron Ore Lumps (62-65% Fe)? Use the exact HSN and the correct form (fresh/chilled vs. frozen/dried; PPL vs. not). Apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 26011112 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil — 0.0000% of India's total exports - Imports: ₹175 Cr (+1,937.37% YoY) — 0.0029% of India's total imports - Trade balance: −₹175 Cr (Deficit); surplus rank #11219 of 12657 HSN codes - Share of Sub-Chapter 2601: 0.00% of its exports; import side 3.28% ### Key metrics - Peak growth year: +511.24% in FY 2020-21 - Contribution to Sub-Ch. 2601: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 26011112 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% | 542.20 | 0.0151% | — | 9.18% | −542.20 | — | | FY 2019-20 | 15.48 | 0.0007% | — | 0.08% | 161.08 | 0.0048% | −70.29% | 17.28% | −145.60 | #4456 | | FY 2020-21 | 94.62 | 0.0044% | +511.24% | 0.26% | 61.29 | 0.0021% | −61.95% | 7.34% | +33.33 | #2130 | | FY 2021-22 | Nil | 0.0000% | −100.00% | 0.00% | 555.58 | 0.0122% | +806.48% | 15.72% | −555.58 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | 92.50 | 0.0016% | −83.35% | 5.85% | −92.50 | — | | FY 2023-24 | Nil | 0.0000% | — | 0.00% | 8.59 | 0.0002% | −90.71% | 0.20% | −8.59 | — | | FY 2024-25 | Nil | 0.0000% | — | 0.00% | 175.01 | 0.0029% | +1,937.37% | 3.28% | −175.01 | — | - CAGR (7-year): exports —/yr, imports -17.18%/yr (consistently Deficit) ## Key trade insights: HSN Code 26011112 export-import analysis ### Export snapshot for HSN Code 26011112 India exported ₹0.00 Crore worth of Iron Ore Lumps (62-65% Fe) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2020-21 was the strongest growth year for HSN Code 26011112 exports The strongest single-year export movement for HSN Code 26011112 was recorded in FY 2020-21, when exports surged by 511.24% over the prior year. ### India records a trade deficit of ₹175.01 Crore in HSN Code 26011112 goods In FY 2024-25, India's imports of ₹175.01 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹175.01 Crore — ranking #11219 of 12657 by surplus magnitude. ### Import growth of -17.18% CAGR signals stable import dependency for Iron Ore Lumps (62-65% Fe) India's imports under HSN Code 26011112 have grown at -17.18% CAGR, reaching ₹175.01 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 26011112: Iron Ore Lumps (62-65% Fe) (this hsn code) | Nil |