HSN Code 26140020: Beneficiated Ilmenite (Titanium Ore)

HSN Code 26140020 represents Beneficiated Ilmenite (Titanium Ore) under GST classification. This code helps businesses identify Beneficiated Ilmenite (Titanium Ore) correctly for billing, taxation, and trade. With HSN Code 26140020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Beneficiated Ilmenite (Titanium Ore).

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Description of Goods for HSN Code 26140020

HSN Code 26140020 relates to the following description.

Description of Goods

Titanium ores and concentrates : Ilmenite, upgraded (beneficiated ilmenite including ilmenite ground)

Chapter

26 - Ores, slag and ash

Sub Chapter

2614 - Titanium ores and concentrates

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 26140020 not include?

Beneficiated Ilmenite (Titanium Ore) does not include products with the following descriptions.

HSN Code 26140031

Titanium ores and concentrates : Rutile : Rare earth oxides including rutile sand

India’s Trade Performance — HSN Code 26140020 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

₹508 Cr

−31.69% vs FY 2023-24

0.0138% of India’s total exports

India’s Imports

FY 2024-25

₹10 Cr

−8.01% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

₹498 Cr

Trade Surplus

Surplus rank #638 of 12657 HSN codes

% of Sub-Chapter 2614

FY 2024-25

100.00%

Share of Sub-Chapter 2614’s total exports in FY 2024-25

Import side: 1.74% of Sub-Chapter 2614’s imports

Rank Within Sub-Chapter 2614

FY 2024-25

#1 of 5

Position by export value among HSN codes in Sub-Chapter 2614

Import-side rank: #5 of 5

At a glance

−3.87%

Export CAGR

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

#1002

National Export Rank

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

+18.54%

Peak Growth Year

FY 2022-23 · strongest single-year move

100.00%

Contribution to Sub-Ch. 2614

Share of Sub-Chapter 2614 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #508

Balance

+642.86

Exports

643.88 ₹ Cr

0.0282% share

— YoY

98.05% of Sub-Ch. 2614

Imports

1.02 ₹ Cr

0.0000% share

— YoY

0.34% of Sub-Ch. 2614

FY 2019-20 Exp. Rank #646

Balance

+489.40

Exports

499.28 ₹ Cr

0.0227% share

−22.46% YoY

99.94% of Sub-Ch. 2614

Imports

9.88 ₹ Cr

0.0003% share

+868.63% YoY

2.49% of Sub-Ch. 2614

FY 2020-21 Exp. Rank #647

Balance

+525.31

Exports

534.83 ₹ Cr

0.0249% share

+7.12% YoY

100.00% of Sub-Ch. 2614

Imports

9.52 ₹ Cr

0.0003% share

−3.64% YoY

2.77% of Sub-Ch. 2614

FY 2021-22 Exp. Rank #718

Balance

+551.32

Exports

614.90 ₹ Cr

0.0196% share

+14.97% YoY

99.90% of Sub-Ch. 2614

Imports

63.58 ₹ Cr

0.0014% share

+567.86% YoY

12.01% of Sub-Ch. 2614

FY 2022-23 Exp. Rank #663

Balance

+712.32

Exports

728.90 ₹ Cr

0.0201% share

+18.54% YoY

100.00% of Sub-Ch. 2614

Imports

16.58 ₹ Cr

0.0003% share

−73.92% YoY

3.34% of Sub-Ch. 2614

FY 2023-24 Exp. Rank #666

Balance

+732.61

Exports

743.72 ₹ Cr

0.0206% share

+2.03% YoY

93.96% of Sub-Ch. 2614

Imports

11.11 ₹ Cr

0.0002% share

−32.99% YoY

1.73% of Sub-Ch. 2614

FY 2024-25 Exp. Rank #1002

Balance

+497.80

Exports

508.02 ₹ Cr

0.0138% share

−31.69% YoY

100.00% of Sub-Ch. 2614

Imports

10.22 ₹ Cr

0.0002% share

−8.01% YoY

1.74% of Sub-Ch. 2614

CAGR · 7-Year

Exports

−3.87% /yr

Imports

46.83% /yr

Consistently Surplus
Sub-Chapter 2614 total

reference, FY 2024-25

Export

₹508.03 Cr

Import

₹586.63 Cr

Trade Balance

−78.60

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 26140020 and GST compliance.

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.

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.