HSN Code 26011142: Iron Ore Fines (55-<58% Fe)

HSN Code 26011142 represents Iron Ore Fines (55-<58% Fe) under GST classification. This code helps businesses identify Iron Ore Fines (55-<58% Fe) correctly for billing, taxation, and trade. With HSN Code 26011142, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron Ore Fines (55-<58% Fe).

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Description of Goods for HSN Code 26011142

HSN Code 26011142 relates to the following description.

Description of Goods

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

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 26011142 not include?

Iron Ore Fines (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 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 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 26011142 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

₹8,487 Cr

−37.87% vs FY 2023-24

0.2306% of India’s total exports

India’s Imports

FY 2024-25

₹614 Cr

−9.10% vs FY 2023-24

0.0101% of India’s total imports

Trade Balance

FY 2024-25

₹7,873 Cr

Trade Surplus

Surplus rank #39 of 12657 HSN codes

% of Sub-Chapter 2601

FY 2024-25

48.16%

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

Import side: 11.50% of Sub-Chapter 2601’s imports

Rank Within Sub-Chapter 2601

FY 2024-25

#1 of 17

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

Import-side rank: #3 of 17

At a glance

71.04%

Export CAGR

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

#48

National Export Rank

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

+1,659.31%

Peak Growth Year

FY 2019-20 · strongest single-year move

48.16%

Contribution to Sub-Ch. 2601

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #907

Balance

−1,385.43

Exports

339.02 ₹ Cr

0.0148% share

— YoY

3.66% of Sub-Ch. 2601

Imports

1,724.45 ₹ Cr

0.0481% share

— YoY

29.19% of Sub-Ch. 2601

FY 2019-20 Exp. Rank #39

Balance

+5,876.97

Exports

5,964.42 ₹ Cr

0.2710% share

+1,659.31% YoY

32.06% of Sub-Ch. 2601

Imports

87.45 ₹ Cr

0.0026% share

−94.93% YoY

9.38% of Sub-Ch. 2601

FY 2020-21 Exp. Rank #22

Balance

+13,757.42

Exports

13,757.42 ₹ Cr

0.6396% share

+130.66% YoY

37.95% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2601

FY 2021-22 Exp. Rank #73

Balance

+5,118.65

Exports

5,880.74 ₹ Cr

0.1874% share

−57.25% YoY

24.36% of Sub-Ch. 2601

Imports

762.09 ₹ Cr

0.0167% share

— YoY

21.57% of Sub-Ch. 2601

FY 2022-23 Exp. Rank #75

Balance

+6,003.88

Exports

6,098.19 ₹ Cr

0.1684% share

+3.70% YoY

42.27% of Sub-Ch. 2601

Imports

94.31 ₹ Cr

0.0016% share

−87.62% YoY

5.97% of Sub-Ch. 2601

FY 2023-24 Exp. Rank #29

Balance

+12,984.56

Exports

13,660.35 ₹ Cr

0.3776% share

+124.01% YoY

42.12% of Sub-Ch. 2601

Imports

675.79 ₹ Cr

0.0120% share

+616.56% YoY

15.41% of Sub-Ch. 2601

FY 2024-25 Exp. Rank #48

Balance

+7,872.61

Exports

8,486.91 ₹ Cr

0.2306% share

−37.87% YoY

48.16% of Sub-Ch. 2601

Imports

614.30 ₹ Cr

0.0101% share

−9.10% YoY

11.50% of Sub-Ch. 2601

CAGR · 7-Year

Exports

71.04% /yr

Imports

−15.80% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 26011142 and GST compliance.

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.

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.