HSN Code 26011121: Iron Ore Lumps (< 55% Fe)

HSN Code 26011121 represents Iron Ore Lumps (< 55% Fe) under GST classification. This code helps businesses identify Iron Ore Lumps (< 55% Fe) correctly for billing, taxation, and trade. With HSN Code 26011121, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron Ore Lumps (< 55% Fe).

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 26011121

HSN Code 26011121 relates to the following description.

Description of Goods

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

Chapter

26 - Ores, slag and ash

Sub Chapter

2601 - Iron ores and concentrates,including roasted iron pyrites

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 26011121 not include?

Iron Ore Lumps (< 55% Fe) does not include products with the following descriptions.

HSN Code 26011111

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

HSN Code 26011112

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

HSN Code 26011119

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore lumps (60% Fe or more) : 65% Fe and above

HSN Code 26011122

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) : 55% Fe or more but below 58% Fe

HSN Code 26011129

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) : 58% Fe or more but below 60% Fe

HSN Code 26011131

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore fines (62% Fe or more ) : 62% Fe or more but below 65% Fe

HSN Code 26011139

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore fines (62% Fe or more ) : 65% Fe and above

HSN Code 26011141

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore Fines (below 62% Fe) : below 55% Fe

HSN Code 26011142

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore Fines (below 62% Fe) : 55% Fe or more but below 58% Fe

HSN Code 26011143

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore Fines (below 62% Fe) : 58% Fe or more but below 60% Fe

HSN Code 26011149

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore Fines (below 62% Fe) : 60% Fe or more but below 62% Fe

HSN Code 26011150

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore concentrate

HSN Code 26011190

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Other

HSN Code 26011210

Iron ores and concentrates, other than roasted iron pyrites : Agglomerated : Iron ore pellets

HSN Code 26011290

Iron ores and concentrates, other than roasted iron pyrites : Agglomerated : Other

India’s Trade Performance — HSN Code 26011121 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹40 Cr

−92.35% vs FY 2023-24

0.0011% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−50.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹40 Cr

Trade Surplus

Surplus rank #2311 of 12657 HSN codes

% of Sub-Chapter 2601

FY 2024-25

0.23%

Share of Sub-Chapter 2601’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 2601’s imports

Rank Within Sub-Chapter 2601

FY 2024-25

#5 of 17

Position by export value among HSN codes in Sub-Chapter 2601

Import-side rank: #13 of 17

At a glance

−3.92%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#3915

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+1,967.21%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.23%

Contribution to Sub-Ch. 2601

Share of Sub-Chapter 2601 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #2825

Balance

+51.35

Exports

51.37 ₹ Cr

0.0022% share

— YoY

0.55% of Sub-Ch. 2601

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2601

FY 2019-20 Exp. Rank #1842

Balance

+116.74

Exports

116.79 ₹ Cr

0.0053% share

+127.35% YoY

0.63% of Sub-Ch. 2601

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+150.00% YoY

0.01% of Sub-Ch. 2601

FY 2020-21 Exp. Rank #905

Balance

+351.35

Exports

351.35 ₹ Cr

0.0163% share

+200.84% YoY

0.97% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2601

FY 2021-22 Exp. Rank #2201

Balance

+118.01

Exports

118.01 ₹ Cr

0.0038% share

−66.41% YoY

0.49% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2601

FY 2022-23 Exp. Rank #4370

Balance

+25.56

Exports

25.56 ₹ Cr

0.0007% share

−78.34% YoY

0.18% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2601

FY 2023-24 Exp. Rank #915

Balance

+528.36

Exports

528.38 ₹ Cr

0.0146% share

+1,967.21% YoY

1.63% of Sub-Ch. 2601

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2601

FY 2024-25 Exp. Rank #3915

Balance

+40.39

Exports

40.40 ₹ Cr

0.0011% share

−92.35% YoY

0.23% of Sub-Ch. 2601

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.00% of Sub-Ch. 2601

CAGR · 7-Year

Exports

−3.92% /yr

Imports

−10.91% /yr

Consistently Surplus
Sub-Chapter 2601 total

reference, FY 2024-25

Export

₹17,621.46 Cr

Import

₹5,343.89 Cr

Trade Balance

+12,277.57

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 26011121 and GST compliance.

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.