--- title: "HSN Code for Iron Ore Fines (62-<65% Fe) | HSN 26011131 GST Rate" description: "Find HSN and GST Rates for 26011131 related to Iron Ore Fines (62-<65% Fe) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-26011131/" --- # HSN Code 26011131: Iron Ore Fines (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 fines (62% Fe or more ) : 62% Fe or more but below 65% Fe | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 26011131 ? It includes Iron Ore Fines (62-<65% Fe) ### How much GST applies to Iron Ore Fines (62-<65% Fe)? Under HSN 26011131, Iron Ore Fines (62-<65% Fe) attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Any common misclassification issue with Iron Ore Fines (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. ### Can we claim ITC on inputs used to trade Iron Ore Fines (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 Fines (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 Fines (62-<65% Fe); Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Iron Ore Fines (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. ## India's trade performance: HSN Code 26011131 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore — 0.0000% of India's total exports - Imports: ₹2,532 Cr (+669.86% YoY) — 0.0417% of India's total imports - Trade balance: −₹2,532 Cr (Deficit); surplus rank #12463 of 12657 HSN codes - Share of Sub-Chapter 2601: 0.00% of its exports; import side 47.39% - Rank within Sub-Chapter 2601: #11 of 17 by export value; import-side #1 ### Key metrics - Export CAGR: -69.57% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #10305 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,293.05% in FY 2020-21 - Contribution to Sub-Ch. 2601: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 26011131 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 | 25.21 | 0.0011% | — | 0.27% | 386.17 | 0.0108% | — | 6.54% | −360.96 | #3794 | | FY 2019-20 | 41.58 | 0.0019% | +64.93% | 0.22% | Nil | 0.0000% | −100.00% | 0.00% | +41.58 | #3153 | | FY 2020-21 | 995.03 | 0.0463% | +2,293.05% | 2.74% | Nil | 0.0000% | — | 0.00% | +995.03 | #360 | | FY 2021-22 | 671.35 | 0.0214% | −32.53% | 2.78% | 295.96 | 0.0065% | — | 8.38% | +375.39 | #653 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — | | FY 2023-24 | Nil | 0.0000% | — | 0.00% | 328.94 | 0.0059% | — | 7.50% | −328.94 | — | | FY 2024-25 | < ₹1 Crore | 0.0000% | — | 0.00% | 2,532.37 | 0.0417% | +669.86% | 47.39% | −2,532.35 | #10305 | - CAGR (7-year): exports -69.57%/yr, imports 36.81%/yr (consistently Deficit) ## Key trade insights: HSN Code 26011131 export-import analysis ### Export decline: -69.57% CAGR over 7 years India's exports under HSN Code 26011131 have declined at a compound annual rate of -69.57% over 7 fiscal years, falling from ₹25.21 Crore in FY 2018-19 to ₹0.02 Crore in FY 2024-25. ### HSN Code 26011131 ranked #10305 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 26011131 ranks #10305 out of 12657 HSN codes by total export value. Within Sub-Chapter 2601, it ranks #11 of 17. By trade surplus, it ranks #12463 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 26011131 exports The strongest single-year export movement for HSN Code 26011131 was recorded in FY 2020-21, when exports surged by 2,293.05% over the prior year. ### India records a trade deficit of ₹2,532.35 Crore in HSN Code 26011131 goods In FY 2024-25, India's imports of ₹2,532.37 Cr exceeded exports of ₹0.02 Cr, resulting in a trade deficit of ₹2,532.35 Crore — ranking #12463 of 12657 by surplus magnitude. ### Import growth of 36.81% CAGR signals rising demand for Iron Ore Fines (62-<65% Fe) India's imports under HSN Code 26011131 have grown at 36.81% CAGR, reaching ₹2,532.37 Crore in FY 2024-25. ### HSN Code 26011131 contributes 0.00% of Sub-Chapter 2601 exports — ranked #11 Among the 17 HSN codes under Sub-Chapter 2601, HSN Code 26011131 ranks #11 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 47.39% share (rank #1). ## 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 | | #11 | HSN Code 26011131: Iron Ore Fines (62-<65% Fe) (this hsn code) | < ₹1 Crore |