--- title: "HSN Code for Iron Ore Lumps (< 55% Fe) | HSN 26011121 GST Rate" description: "Find HSN and GST Rates for 26011121 related to Iron Ore Lumps (< 55% Fe) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-26011121/" --- # HSN Code 26011121: Iron Ore Lumps (< 55% 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 (below 60% Fe, including black iron ore containing upto 10% Mn) : below 55% Fe | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 26011121 ? It includes Iron Ore Lumps (< 55% Fe) ### Does packaging or labelling change the GST for Iron Ore Lumps (< 55% 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 (< 55% 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. ### Do e‑way bill and e‑invoice apply for Iron Ore Lumps (< 55% 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. ### How much GST applies to Iron Ore Lumps (< 55% Fe)? Under HSN 26011121, Iron Ore Lumps (< 55% Fe) attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### How should mixed supplies be billed when Iron Ore Lumps (< 55% 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 (< 55% Fe); Nil for exempt items if applicable). ### Any common misclassification issue with Iron Ore Lumps (< 55% 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 26011121 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹40 Cr (−92.35% YoY) — 0.0011% of India's total exports - Imports: < ₹1 Crore (−50.00% YoY) — 0.0000% of India's total imports - Trade balance: ₹40 Cr (Surplus); surplus rank #2311 of 12657 HSN codes - Share of Sub-Chapter 2601: 0.23% of its exports; import side 0.00% - Rank within Sub-Chapter 2601: #5 of 17 by export value; import-side #13 ### Key metrics - Export CAGR: -3.92% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3915 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,967.21% in FY 2023-24 - Contribution to Sub-Ch. 2601: 0.23% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 26011121 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 | 51.37 | 0.0022% | — | 0.55% | < ₹1 Crore | 0.0000% | — | 0.00% | +51.35 | #2825 | | FY 2019-20 | 116.79 | 0.0053% | +127.35% | 0.63% | < ₹1 Crore | 0.0000% | +150.00% | 0.01% | +116.74 | #1842 | | FY 2020-21 | 351.35 | 0.0163% | +200.84% | 0.97% | Nil | 0.0000% | −100.00% | 0.00% | +351.35 | #905 | | FY 2021-22 | 118.01 | 0.0038% | −66.41% | 0.49% | Nil | 0.0000% | — | 0.00% | +118.01 | #2201 | | FY 2022-23 | 25.56 | 0.0007% | −78.34% | 0.18% | Nil | 0.0000% | — | 0.00% | +25.56 | #4370 | | FY 2023-24 | 528.38 | 0.0146% | +1,967.21% | 1.63% | < ₹1 Crore | 0.0000% | — | 0.00% | +528.36 | #915 | | FY 2024-25 | 40.40 | 0.0011% | −92.35% | 0.23% | < ₹1 Crore | 0.0000% | −50.00% | 0.00% | +40.39 | #3915 | - CAGR (7-year): exports -3.92%/yr, imports -10.91%/yr (consistently Surplus) ## Key trade insights: HSN Code 26011121 export-import analysis ### Export decline: -3.92% CAGR over 7 years India's exports under HSN Code 26011121 have declined at a compound annual rate of -3.92% over 7 fiscal years, falling from ₹51.37 Crore in FY 2018-19 to ₹40.40 Crore in FY 2024-25. ### HSN Code 26011121 ranked #3915 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 26011121 ranks #3915 out of 12657 HSN codes by total export value. Within Sub-Chapter 2601, it ranks #5 of 17. By trade surplus, it ranks #2311 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 26011121 exports The strongest single-year export movement for HSN Code 26011121 was recorded in FY 2023-24, when exports surged by 1,967.21% over the prior year. ### India maintains a trade surplus of ₹40.39 Crore in HSN Code 26011121 goods In FY 2024-25, India's exports of ₹40.40 Cr exceeded imports of ₹0.01 Cr, resulting in a trade surplus of ₹40.39 Crore — ranking #2311 of 12657 by surplus magnitude. ### Import growth of -10.91% CAGR signals stable import dependency for Iron Ore Lumps (< 55% Fe) India's imports under HSN Code 26011121 have grown at -10.91% CAGR, reaching ₹0.01 Crore in FY 2024-25. ### HSN Code 26011121 contributes 0.23% of Sub-Chapter 2601 exports — ranked #5 Among the 17 HSN codes under Sub-Chapter 2601, HSN Code 26011121 ranks #5 by export value — accounting for 0.23% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #13). ## 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) (this hsn code) | ₹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 |