HSN Code 85051110: Ferrite Cores

HSN Code 85051110 represents Ferrite Cores under GST classification. This code helps businesses identify Ferrite Cores correctly for billing, taxation, and trade. With HSN Code 85051110, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ferrite Cores.

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Description of Goods for HSN Code 85051110

HSN Code 85051110 relates to the following description.

Description of Goods

Permanent magnets and articles intended to become permanent magnets after magneti-sation: Of metal : Ferrite cores

Chapter

85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles

Sub Chapter

8505 - Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electromagnetic lifting heads

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 85051110 not include?

Ferrite Cores does not include products with the following descriptions.

HSN Code 85051190

Permanent magnets and articles intended to become permanent magnets after magneti-sation: Of metal : Other

HSN Code 85051900

Permanent magnets and articles intended to become permanent magnets after magneti-sation: Other

HSN Code 85053000

Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads - electro-magnetic lifting heads

India’s Trade Performance — HSN Code 85051110 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

₹122 Cr

−10.74% vs FY 2023-24

0.0033% of India’s total exports

India’s Imports

FY 2024-25

₹592 Cr

−5.40% vs FY 2023-24

0.0097% of India’s total imports

Trade Balance

FY 2024-25

−₹470 Cr

Trade Deficit

Surplus rank #11858 of 12657 HSN codes

% of Sub-Chapter 8505

FY 2024-25

26.41%

Share of Sub-Chapter 8505’s total exports in FY 2024-25

Import side: 17.62% of Sub-Chapter 8505’s imports

Rank Within Sub-Chapter 8505

FY 2024-25

#2 of 6

Position by export value among HSN codes in Sub-Chapter 8505

Import-side rank: #4 of 6

At a glance

−2.60%

Export CAGR

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

#2417

National Export Rank

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

+66.05%

Peak Growth Year

FY 2021-22 · strongest single-year move

26.41%

Contribution to Sub-Ch. 8505

Share of Sub-Chapter 8505 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 85051110

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 #1644

Balance

−101.82

Exports

142.79 ₹ Cr

0.0062% share

— YoY

47.14% of Sub-Ch. 8505

Imports

244.61 ₹ Cr

0.0068% share

— YoY

19.73% of Sub-Ch. 8505

FY 2019-20 Exp. Rank #1917

Balance

−109.65

Exports

109.86 ₹ Cr

0.0050% share

−23.06% YoY

41.25% of Sub-Ch. 8505

Imports

219.51 ₹ Cr

0.0066% share

−10.26% YoY

19.43% of Sub-Ch. 8505

FY 2020-21 Exp. Rank #1876

Balance

−119.08

Exports

121.53 ₹ Cr

0.0057% share

+10.62% YoY

45.33% of Sub-Ch. 8505

Imports

240.61 ₹ Cr

0.0083% share

+9.61% YoY

18.41% of Sub-Ch. 8505

FY 2021-22 Exp. Rank #1643

Balance

−193.51

Exports

201.80 ₹ Cr

0.0064% share

+66.05% YoY

47.82% of Sub-Ch. 8505

Imports

395.31 ₹ Cr

0.0086% share

+64.29% YoY

20.40% of Sub-Ch. 8505

FY 2022-23 Exp. Rank #1809

Balance

−308.07

Exports

186.44 ₹ Cr

0.0051% share

−7.61% YoY

41.79% of Sub-Ch. 8505

Imports

494.51 ₹ Cr

0.0086% share

+25.09% YoY

17.51% of Sub-Ch. 8505

FY 2023-24 Exp. Rank #2221

Balance

−489.64

Exports

136.56 ₹ Cr

0.0038% share

−26.75% YoY

32.33% of Sub-Ch. 8505

Imports

626.20 ₹ Cr

0.0112% share

+26.63% YoY

20.60% of Sub-Ch. 8505

FY 2024-25 Exp. Rank #2417

Balance

−470.48

Exports

121.90 ₹ Cr

0.0033% share

−10.74% YoY

26.41% of Sub-Ch. 8505

Imports

592.38 ₹ Cr

0.0097% share

−5.40% YoY

17.62% of Sub-Ch. 8505

CAGR · 7-Year

Exports

−2.60% /yr

Imports

15.88% /yr

Consistently Deficit
Sub-Chapter 8505 total

reference, FY 2024-25

Export

₹461.63 Cr

Import

₹3,362.42 Cr

Trade Balance

−2,900.79

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

Key Trade Insights: HSN Code 85051110 Export-Import Analysis

Export Decline: −2.60% CAGR Over 7 Years

India's exports under HSN Code 85051110 have declined at a compound annual rate of −2.60% over 7 fiscal years, falling from ₹142.79 Crore in FY 2018-19 to ₹121.90 Crore in FY 2024-25.

HSN Code 85051110 Ranked #2417 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 85051110 ranks #2417 out of 12657 HSN codes by total export value. Within Sub-Chapter 8505, it ranks #2 of 6. By trade surplus, it ranks #11858 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 85051110 Exports

The strongest single-year export movement for HSN Code 85051110 was recorded in FY 2021-22, when exports surged by 66.05% over the prior year.

India Records a Trade Deficit of ₹470.48 Crore in HSN Code 85051110 Goods

In FY 2024-25, India's imports of ₹592.38 Cr exceeded exports of ₹121.90 Cr, resulting in a trade deficit of ₹470.48 Crore — ranking #11858 of 12657 by surplus magnitude.

Import Growth of 15.88% CAGR Signals Rising Demand for Ferrite Cores

India's imports under HSN Code 85051110 have grown at 15.88% CAGR, reaching ₹592.38 Crore in FY 2024-25.

HSN Code 85051110 Contributes 26.41% of Sub-Chapter 8505 Exports — Ranked #2

Among the 6 HSN codes under Sub-Chapter 8505, HSN Code 85051110 ranks #2 by export value — accounting for 26.41% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 17.62% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 85051110 and GST compliance.

What products are classified under HSN 85051110 ?

It includes Silver Oxide

Do e‑way bill and e‑invoice apply for Ferrite Cores?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Does packaging or labelling change the GST for Ferrite Cores?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

Any common misclassification issue with Ferrite Cores?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Ferrite Cores is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ferrite Cores; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Ferrite Cores?

If your outward supply is taxable, 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.