HSN Code 26011149: Iron Ore Fines (60-<62% Fe)

HSN Code 26011149 represents Iron Ore Fines (60-<62% Fe) under GST classification. This code helps businesses identify Iron Ore Fines (60-<62% Fe) correctly for billing, taxation, and trade. With HSN Code 26011149, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iron Ore Fines (60-<62% Fe).

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Description of Goods for HSN Code 26011149

HSN Code 26011149 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) : 60% Fe or more but below 62% 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 26011149 not include?

Iron Ore Fines (60-<62% 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 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 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 26011149 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

< ₹1 Crore

−99.53% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹1,391 Cr

−32.90% vs FY 2023-24

0.0229% of India’s total imports

Trade Balance

FY 2024-25

−₹1,391 Cr

Trade Deficit

Surplus rank #12322 of 12657 HSN codes

% of Sub-Chapter 2601

FY 2024-25

0.00%

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

Import side: 26.04% of Sub-Chapter 2601’s imports

Rank Within Sub-Chapter 2601

FY 2024-25

#8 of 17

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

Import-side rank: #2 of 17

At a glance

−74.43%

Export CAGR

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

#9538

National Export Rank

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

+223.12%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.00%

Contribution to Sub-Ch. 2601

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

India Export-Import Trade Statistics for HSN Code 26011149

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 #568

Balance

+430.18

Exports

573.04 ₹ Cr

0.0251% share

— YoY

6.19% of Sub-Ch. 2601

Imports

142.86 ₹ Cr

0.0040% share

— YoY

2.42% of Sub-Ch. 2601

FY 2019-20 Exp. Rank #331

Balance

+987.84

Exports

987.84 ₹ Cr

0.0449% share

+72.39% YoY

5.31% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2601

FY 2020-21 Exp. Rank #98

Balance

+3,191.90

Exports

3,191.90 ₹ Cr

0.1484% share

+223.12% YoY

8.80% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2601

FY 2021-22 Exp. Rank #507

Balance

+684.25

Exports

898.75 ₹ Cr

0.0286% share

−71.84% YoY

3.72% of Sub-Ch. 2601

Imports

214.50 ₹ Cr

0.0047% share

— YoY

6.07% of Sub-Ch. 2601

FY 2022-23 Exp. Rank #4191

Balance

+29.70

Exports

29.70 ₹ Cr

0.0008% share

−96.70% YoY

0.21% of Sub-Ch. 2601

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2601

FY 2023-24 Exp. Rank #4075

Balance

−2,039.50

Exports

34.15 ₹ Cr

0.0009% share

+14.98% YoY

0.11% of Sub-Ch. 2601

Imports

2,073.65 ₹ Cr

0.0369% share

— YoY

47.28% of Sub-Ch. 2601

FY 2024-25 Exp. Rank #9538

Balance

−1,391.24

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.53% YoY

0.00% of Sub-Ch. 2601

Imports

1,391.40 ₹ Cr

0.0229% share

−32.90% YoY

26.04% of Sub-Ch. 2601

CAGR · 7-Year

Exports

−74.43% /yr

Imports

46.14% /yr

Consistently Deficit
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 26011149 Export-Import Analysis

Export Decline: −74.43% CAGR Over 7 Years

India's exports under HSN Code 26011149 have declined at a compound annual rate of −74.43% over 7 fiscal years, falling from ₹573.04 Crore in FY 2018-19 to ₹0.16 Crore in FY 2024-25.

HSN Code 26011149 Ranked #9538 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 26011149 ranks #9538 out of 12657 HSN codes by total export value. Within Sub-Chapter 2601, it ranks #8 of 17. By trade surplus, it ranks #12322 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 26011149 Exports

The strongest single-year export movement for HSN Code 26011149 was recorded in FY 2020-21, when exports surged by 223.12% over the prior year.

India Records a Trade Deficit of ₹1,391.24 Crore in HSN Code 26011149 Goods

In FY 2024-25, India's imports of ₹1,391.40 Cr exceeded exports of ₹0.16 Cr, resulting in a trade deficit of ₹1,391.24 Crore — ranking #12322 of 12657 by surplus magnitude.

Import Growth of 46.14% CAGR Signals Rising Demand for Iron Ore Fines (60-<62% Fe)

India's imports under HSN Code 26011149 have grown at 46.14% CAGR, reaching ₹1,391.40 Crore in FY 2024-25.

HSN Code 26011149 Contributes 0.00% of Sub-Chapter 2601 Exports — Ranked #8

Among the 17 HSN codes under Sub-Chapter 2601, HSN Code 26011149 ranks #8 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 26.04% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 26011149 and GST compliance.

What products are classified under HSN 26011149 ?

It includes Iron Ore Fines (60-<62% Fe)

Do e‑way bill and e‑invoice apply for Iron Ore Fines (60-<62% 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.

Does packaging or labelling change the GST for Iron Ore Fines (60-<62% 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.

How should mixed supplies be billed when Iron Ore Fines (60-<62% 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 (60-<62% Fe); Nil for exempt items if applicable).

Any common misclassification issue with Iron Ore Fines (60-<62% 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.

How much GST applies to Iron Ore Fines (60-<62% Fe)?

Under HSN 26011149, Iron Ore Fines (60-<62% Fe) attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

Can we claim ITC on inputs used to trade Iron Ore Fines (60-<62% 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.

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.