--- title: "HSN Code for Beneficiated Ilmenite (Titanium Ore) | HSN 26140020 GST Rate" description: "Find HSN and GST Rates for 26140020 related to Beneficiated Ilmenite (Titanium Ore) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-26140020/" --- # HSN Code 26140020: Beneficiated Ilmenite (Titanium Ore) - [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 2614: Titanium ores & extracts](https://busy.in/hsn/sub-chapter-2614/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Titanium ores and concentrates : Ilmenite, upgraded (beneficiated ilmenite including ilmenite ground) | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 26140020 ? It includes Beneficiated Ilmenite (Titanium Ore) ### How much GST applies to Beneficiated Ilmenite (Titanium Ore)? Under HSN 26140020, Beneficiated Ilmenite (Titanium Ore) attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Does packaging or labelling change the GST for Beneficiated Ilmenite (Titanium Ore)? 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. ### Any common misclassification issue with Beneficiated Ilmenite (Titanium Ore)? 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 Beneficiated Ilmenite (Titanium Ore)? 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 Beneficiated Ilmenite (Titanium Ore) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Beneficiated Ilmenite (Titanium Ore); Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Beneficiated Ilmenite (Titanium Ore)? 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 26140020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹508 Cr (−31.69% YoY) — 0.0138% of India's total exports - Imports: ₹10 Cr (−8.01% YoY) — 0.0002% of India's total imports - Trade balance: ₹498 Cr (Surplus); surplus rank #638 of 12657 HSN codes - Share of Sub-Chapter 2614: 100.00% of its exports; import side 1.74% - Rank within Sub-Chapter 2614: #1 of 5 by export value; import-side #5 ### Key metrics - Export CAGR: -3.87% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1002 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +18.54% in FY 2022-23 - Contribution to Sub-Ch. 2614: 100.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 26140020 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. 2614 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2614 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 643.88 | 0.0282% | — | 98.05% | 1.02 | 0.0000% | — | 0.34% | +642.86 | #508 | | FY 2019-20 | 499.28 | 0.0227% | −22.46% | 99.94% | 9.88 | 0.0003% | +868.63% | 2.49% | +489.40 | #646 | | FY 2020-21 | 534.83 | 0.0249% | +7.12% | 100.00% | 9.52 | 0.0003% | −3.64% | 2.77% | +525.31 | #647 | | FY 2021-22 | 614.90 | 0.0196% | +14.97% | 99.90% | 63.58 | 0.0014% | +567.86% | 12.01% | +551.32 | #718 | | FY 2022-23 | 728.90 | 0.0201% | +18.54% | 100.00% | 16.58 | 0.0003% | −73.92% | 3.34% | +712.32 | #663 | | FY 2023-24 | 743.72 | 0.0206% | +2.03% | 93.96% | 11.11 | 0.0002% | −32.99% | 1.73% | +732.61 | #666 | | FY 2024-25 | 508.02 | 0.0138% | −31.69% | 100.00% | 10.22 | 0.0002% | −8.01% | 1.74% | +497.80 | #1002 | - CAGR (7-year): exports -3.87%/yr, imports 46.83%/yr (consistently Surplus) ## Key trade insights: HSN Code 26140020 export-import analysis ### Export decline: -3.87% CAGR over 7 years India's exports under HSN Code 26140020 have declined at a compound annual rate of -3.87% over 7 fiscal years, falling from ₹643.88 Crore in FY 2018-19 to ₹508.02 Crore in FY 2024-25. ### HSN Code 26140020 ranked #1002 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 26140020 ranks #1002 out of 12657 HSN codes by total export value. Within Sub-Chapter 2614, it ranks #1 of 5. By trade surplus, it ranks #638 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 26140020 exports The strongest single-year export movement for HSN Code 26140020 was recorded in FY 2022-23, when exports surged by 18.54% over the prior year. ### India maintains a trade surplus of ₹497.80 Crore in HSN Code 26140020 goods In FY 2024-25, India's exports of ₹508.02 Cr exceeded imports of ₹10.22 Cr, resulting in a trade surplus of ₹497.80 Crore — ranking #638 of 12657 by surplus magnitude. ### Import growth of 46.83% CAGR signals rising demand for Beneficiated Ilmenite (Titanium Ore) India's imports under HSN Code 26140020 have grown at 46.83% CAGR, reaching ₹10.22 Crore in FY 2024-25. ### HSN Code 26140020 contributes 100.00% of Sub-Chapter 2614 exports — ranked #1 Among the 5 HSN codes under Sub-Chapter 2614, HSN Code 26140020 ranks #1 by export value — accounting for 100.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.74% share (rank #5). ## Related HSN Codes in Sub-Chapter 2614 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 26140020: Beneficiated Ilmenite (Titanium Ore) (this hsn code) | ₹508 Cr | | #2 | [HSN Code 26140031: Rare Earth Oxides (Rutile Sand)](https://busy.in/hsn/hsn-26140031/) | < ₹1 Crore | | — | [HSN Code 26140010: Unprocessed Ilmenite (Titanium Ore)](https://busy.in/hsn/hsn-26140010/) | Nil | | — | [HSN Code 26140039: Other Rutile (Titanium Ore)](https://busy.in/hsn/hsn-26140039/) | Nil | | — | [HSN Code 26140090: Titanium Ores And Concentrates \| Other](https://busy.in/hsn/hsn-26140090/) | Nil |