HSN Code 26011122: Iron Ore Lumps (55-58% Fe)

HSN Code 26011122 represents Iron Ore Lumps (55-58% Fe) under GST classification. This code helps businesses identify Iron Ore Lumps (55-58% Fe) correctly for billing, taxation, and trade. With HSN Code 26011122, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron Ore Lumps (55-58% Fe).

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Description of Goods for HSN Code 26011122

HSN Code 26011122 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) : 55% Fe or more but below 58% 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 26011122 not include?

Iron Ore Lumps (55-58% 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 26011121

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

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 26011122 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

₹489 Cr

−54.58% vs FY 2023-24

0.0133% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+63.33% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹489 Cr

Trade Surplus

Surplus rank #651 of 12657 HSN codes

% of Sub-Chapter 2601

FY 2024-25

2.78%

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

Import side: 0.01% of Sub-Chapter 2601’s imports

Rank Within Sub-Chapter 2601

FY 2024-25

#4 of 17

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

Import-side rank: #11 of 17

At a glance

85.18%

Export CAGR

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

#1029

National Export Rank

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

+2,359.29%

Peak Growth Year

FY 2023-24 · strongest single-year move

2.78%

Contribution to Sub-Ch. 2601

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

India Export-Import Trade Statistics for HSN Code 26011122

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 #4758

Balance

−15.16

Exports

12.14 ₹ Cr

0.0005% share

— YoY

0.13% of Sub-Ch. 2601

Imports

27.30 ₹ Cr

0.0008% share

— YoY

0.46% of Sub-Ch. 2601

FY 2019-20 Exp. Rank #2851

Balance

+50.79

Exports

50.79 ₹ Cr

0.0023% share

+318.37% YoY

0.27% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2601

FY 2020-21 Exp. Rank #1287

Balance

+216.83

Exports

216.83 ₹ Cr

0.0101% share

+326.91% YoY

0.60% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2601

FY 2021-22 Exp. Rank #2898

Balance

+68.80

Exports

68.80 ₹ Cr

0.0022% share

−68.27% YoY

0.28% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2601

FY 2022-23 Exp. Rank #3660

Balance

+43.82

Exports

43.82 ₹ Cr

0.0012% share

−36.31% YoY

0.30% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2601

FY 2023-24 Exp. Rank #482

Balance

+1,077.36

Exports

1,077.66 ₹ Cr

0.0298% share

+2,359.29% YoY

3.32% of Sub-Ch. 2601

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 2601

FY 2024-25 Exp. Rank #1029

Balance

+488.97

Exports

489.46 ₹ Cr

0.0133% share

−54.58% YoY

2.78% of Sub-Ch. 2601

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+63.33% YoY

0.01% of Sub-Ch. 2601

CAGR · 7-Year

Exports

85.18% /yr

Imports

−48.83% /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 26011122 Export-Import Analysis

Consistent Export Growth: 85.18% CAGR Over 7 Years

India's exports under HSN Code 26011122 have grown at a compound annual rate of 85.18% over 7 fiscal years, rising from ₹12.14 Crore in FY 2018-19 to ₹489.46 Crore in FY 2024-25.

HSN Code 26011122 Ranked #1029 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 26011122 ranks #1029 out of 12657 HSN codes by total export value. Within Sub-Chapter 2601, it ranks #4 of 17. By trade surplus, it ranks #651 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 26011122 Exports

The strongest single-year export movement for HSN Code 26011122 was recorded in FY 2023-24, when exports surged by 2,359.29% over the prior year.

India Maintains a Trade Surplus of ₹488.97 Crore in HSN Code 26011122 Goods

In FY 2024-25, India's exports of ₹489.46 Cr exceeded imports of ₹0.49 Cr, resulting in a trade surplus of ₹488.97 Crore — ranking #651 of 12657 by surplus magnitude.

Import Growth of −48.83% CAGR Signals Stable Import Dependency for Iron Ore Lumps (55-58% Fe)

India's imports under HSN Code 26011122 have grown at −48.83% CAGR, reaching ₹0.49 Crore in FY 2024-25.

HSN Code 26011122 Contributes 2.78% of Sub-Chapter 2601 Exports — Ranked #4

Among the 17 HSN codes under Sub-Chapter 2601, HSN Code 26011122 ranks #4 by export value — accounting for 2.78% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #11).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 26011122 and GST compliance.

What products are classified under HSN 26011122 ?

It includes Iron Ore Lumps (55-58% Fe)

Any common misclassification issue with Iron Ore Lumps (55-58% 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.

Does packaging or labelling change the GST for Iron Ore Lumps (55-58% 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 (55-58% 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 (55-58% 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 (55-58% Fe); Nil for exempt items if applicable).

How much GST applies to Iron Ore Lumps (55-58% Fe)?

Under HSN 26011122, Iron Ore Lumps (55-58% Fe) attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

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.