--- title: "HSN Code for Iron Ore Fines (55-<58% Fe) | HSN 26011142 GST Rate" description: "Find HSN and GST Rates for 26011142 related to Iron Ore Fines (55-<58% Fe) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-26011142/" --- # HSN Code 26011142: Iron Ore Fines (55-<58% 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 (below 62% Fe) : 55% Fe or more but below 58% Fe | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 26011142 ? It includes Iron Ore Fines (55-<58% Fe) ### Does packaging or labelling change the GST for Iron Ore Fines (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. ### Do e‑way bill and e‑invoice apply for Iron Ore Fines (55-<58% 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 should mixed supplies be billed when Iron Ore Fines (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 Fines (55-<58% Fe); Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Iron Ore Fines (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 much GST applies to Iron Ore Fines (55-<58% Fe)? Under HSN 26011142, Iron Ore Fines (55-<58% 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 (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. ## India's trade performance: HSN Code 26011142 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹8,487 Cr (−37.87% YoY) — 0.2306% of India's total exports - Imports: ₹614 Cr (−9.10% YoY) — 0.0101% of India's total imports - Trade balance: ₹7,873 Cr (Surplus); surplus rank #39 of 12657 HSN codes - Share of Sub-Chapter 2601: 48.16% of its exports; import side 11.50% - Rank within Sub-Chapter 2601: #1 of 17 by export value; import-side #3 ### Key metrics - Export CAGR: 71.04% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #48 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,659.31% in FY 2019-20 - Contribution to Sub-Ch. 2601: 48.16% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 26011142 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 | 339.02 | 0.0148% | — | 3.66% | 1,724.45 | 0.0481% | — | 29.19% | −1,385.43 | #907 | | FY 2019-20 | 5,964.42 | 0.2710% | +1,659.31% | 32.06% | 87.45 | 0.0026% | −94.93% | 9.38% | +5,876.97 | #39 | | FY 2020-21 | 13,757.42 | 0.6396% | +130.66% | 37.95% | Nil | 0.0000% | −100.00% | 0.00% | +13,757.42 | #22 | | FY 2021-22 | 5,880.74 | 0.1874% | −57.25% | 24.36% | 762.09 | 0.0167% | — | 21.57% | +5,118.65 | #73 | | FY 2022-23 | 6,098.19 | 0.1684% | +3.70% | 42.27% | 94.31 | 0.0016% | −87.62% | 5.97% | +6,003.88 | #75 | | FY 2023-24 | 13,660.35 | 0.3776% | +124.01% | 42.12% | 675.79 | 0.0120% | +616.56% | 15.41% | +12,984.56 | #29 | | FY 2024-25 | 8,486.91 | 0.2306% | −37.87% | 48.16% | 614.30 | 0.0101% | −9.10% | 11.50% | +7,872.61 | #48 | - CAGR (7-year): exports 71.04%/yr, imports -15.80%/yr (consistently Surplus) ## Key trade insights: HSN Code 26011142 export-import analysis ### Consistent export growth: 71.04% CAGR over 7 years India's exports under HSN Code 26011142 have grown at a compound annual rate of 71.04% over 7 fiscal years, rising from ₹339.02 Crore in FY 2018-19 to ₹8,486.91 Crore in FY 2024-25. ### HSN Code 26011142 ranked #48 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 26011142 ranks #48 out of 12657 HSN codes by total export value. Within Sub-Chapter 2601, it ranks #1 of 17. By trade surplus, it ranks #39 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 26011142 exports The strongest single-year export movement for HSN Code 26011142 was recorded in FY 2019-20, when exports surged by 1,659.31% over the prior year. ### India maintains a trade surplus of ₹7,872.61 Crore in HSN Code 26011142 goods In FY 2024-25, India's exports of ₹8,486.91 Cr exceeded imports of ₹614.30 Cr, resulting in a trade surplus of ₹7,872.61 Crore — ranking #39 of 12657 by surplus magnitude. ### Import growth of -15.80% CAGR signals stable import dependency for Iron Ore Fines (55-<58% Fe) India's imports under HSN Code 26011142 have grown at -15.80% CAGR, reaching ₹614.30 Crore in FY 2024-25. ### HSN Code 26011142 contributes 48.16% of Sub-Chapter 2601 exports — ranked #1 Among the 17 HSN codes under Sub-Chapter 2601, HSN Code 26011142 ranks #1 by export value — accounting for 48.16% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.50% share (rank #3). ## 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) (this hsn code) | ₹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 |