---
title: "2601 HSN Code | HSN Code for Iron ores and extracts in India"
description: "Know more about 2601 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 2601 covering Iron ores and extracts."
canonical: "https://busy.in/hsn/sub-chapter-2601/"
---

# HSN Sub-chapter 2601: Iron ores and extracts

Iron ores and concentrates,including roasted iron pyrites

Part of [Chapter 26: Ores, Slag and Ash](https://busy.in/hsn/chapter-26/).

- Current GST rate: 5%
- Earlier GST rate: 5%

## HSN codes

| Code | Title |
| --- | --- |
| 26011111 | [Iron Ore Lumps (60-<62% Fe)](https://busy.in/hsn/hsn-26011111/) |
| 26011112 | [Iron Ore Lumps (62-65% Fe)](https://busy.in/hsn/hsn-26011112/) |
| 26011119 | [Iron Ore Lumps (>=65% Fe)](https://busy.in/hsn/hsn-26011119/) |
| 26011121 | [Iron Ore Lumps (< 55% Fe)](https://busy.in/hsn/hsn-26011121/) |
| 26011122 | [Iron Ore Lumps (55-58% Fe)](https://busy.in/hsn/hsn-26011122/) |
| 26011129 | [Iron Ore Lumps (58-60% Fe)](https://busy.in/hsn/hsn-26011129/) |
| 26011131 | [Iron Ore Fines (62-<65% Fe)](https://busy.in/hsn/hsn-26011131/) |
| 26011139 | [Iron Ore Fines (>=65% Fe)](https://busy.in/hsn/hsn-26011139/) |
| 26011141 | [Iron Ore Fines (<55% Fe)](https://busy.in/hsn/hsn-26011141/) |
| 26011142 | [Iron Ore Fines (55-<58% Fe)](https://busy.in/hsn/hsn-26011142/) |
| 26011143 | [Iron Ore Fines (58-<60% Fe)](https://busy.in/hsn/hsn-26011143/) |
| 26011149 | [Iron Ore Fines (60-<62% Fe)](https://busy.in/hsn/hsn-26011149/) |
| 26011150 | [Iron Ore Concentrate](https://busy.in/hsn/hsn-26011150/) |
| 26011190 | [Other Non-Agglomerated Iron Ores](https://busy.in/hsn/hsn-26011190/) |
| 26011210 | [Iron Ore Pellets](https://busy.in/hsn/hsn-26011210/) |
| 26011290 | [Other Agglomerated Iron Ores](https://busy.in/hsn/hsn-26011290/) |
| 26012000 | [Roasted Iron Pyrites](https://busy.in/hsn/hsn-26012000/) |

## Frequently asked questions

### What products are classified under HSN 2601

It includes Iron ores and extracts

### How do I bill a kit or combo that includes Iron ores and extracts?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

### How are warranty replacements of Iron ores and extracts handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

### Can reverse charge ever apply to transactions involving Iron ores and extracts?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Iron ores and extracts are forward charge. Check the current notifications for any special cases before deciding.

### Does MRP, weight or pack size change GST treatment for Iron ores and extracts?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

### Any import/export nuance for Iron ores and extracts?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

### Is the composition scheme suitable if I mainly trade Iron ores and extracts?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

## India's trade performance: HSN Sub-Chapter 2601 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹17,621 Cr (−45.67% YoY) — 0.4758% of India's total exports
- Imports: ₹5,344 Cr (+21.85% YoY) — 0.0876% of India's total imports
- Trade balance: ₹12,278 Cr (Surplus); surplus rank #24 of 1233 sub-chapters
- Share of Chapter 26: 88.58% of its exports; import side 8.73%
- Rank within Chapter 26: #1 of 21 by export value; import-side #3

### Key metrics

- Export CAGR: 11.32% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #32 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +124.80% in FY 2023-24
- Contribution to Ch. 26: 88.58% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 2601

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 Ch. 26 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 26 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 9,259.75 | 0.4034% | — | 71.73% | 5,907.82 | 0.1645% | — | 19.94% | +3,351.93 | #35 |
| FY 2019-20 | 18,606.77 | 0.8424% | +100.94% | 83.06% | 932.39 | 0.0278% | −84.22% | 4.99% | +17,674.38 | #19 |
| FY 2020-21 | 36,253.55 | 1.6855% | +94.84% | 93.38% | 835.35 | 0.0287% | −10.41% | 4.65% | +35,418.20 | #6 |
| FY 2021-22 | 24,144.98 | 0.7694% | −33.40% | 90.01% | 3,533.21 | 0.0773% | +322.96% | 8.28% | +20,611.77 | #19 |
| FY 2022-23 | 14,426.74 | 0.3985% | −40.25% | 82.23% | 1,580.87 | 0.0275% | −55.26% | 3.40% | +12,845.87 | #36 |
| FY 2023-24 | 32,431.23 | 0.8963% | +124.80% | 91.73% | 4,385.52 | 0.0781% | +177.41% | 8.84% | +28,045.71 | #14 |
| FY 2024-25 | 17,621.46 | 0.4758% | −45.67% | 88.58% | 5,343.89 | 0.0876% | +21.85% | 8.73% | +12,277.57 | #32 |

- CAGR (7-year): exports 11.32%/yr, imports -1.66%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 2601 export-import analysis

### Consistent export growth: 11.32% CAGR over 7 years

India's exports under HSN Sub-Chapter 2601 have grown at a compound annual rate of 11.32% over 7 fiscal years, rising from ₹9,259.75 Crore in FY 2018-19 to ₹17,621.46 Crore in FY 2024-25.

### HSN Sub-Chapter 2601 ranked #32 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 2601 ranks #32 out of 1233 sub-chapters by total export value. Within Chapter 26, it ranks #1 of 21. By trade surplus, it ranks #24 of 1233.

### FY 2023-24 was the strongest growth year for HSN Sub-Chapter 2601 exports

The strongest single-year export movement for HSN Sub-Chapter 2601 was recorded in FY 2023-24, when exports surged by 124.80% over the prior year.

### India maintains a trade surplus of ₹12,277.57 Crore in HSN Sub-Chapter 2601 goods

In FY 2024-25, India's exports of ₹17,621.46 Cr exceeded imports of ₹5,343.89 Cr, resulting in a trade surplus of ₹12,277.57 Crore — ranking #24 of 1233 by surplus magnitude.

### Import growth of -1.66% CAGR signals stable import dependency for Iron ores and extracts

India's imports under HSN Sub-Chapter 2601 have grown at -1.66% CAGR, reaching ₹5,343.89 Crore in FY 2024-25.

### HSN Sub-Chapter 2601 contributes 88.58% of Chapter 26 exports — ranked #1

Among the 21 sub-chapters under Chapter 26, HSN Sub-Chapter 2601 ranks #1 by export value — accounting for 88.58% of the chapter's total exports in FY 2024-25. On the import side, it holds 8.73% share (rank #3).

## Related Sub-Chapters in Chapter 26

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | HSN Sub-Chapter 2601: Iron ores and extracts (this hsn sub-chapter) | ₹17,621 Cr |
| #2 | [HSN Sub-Chapter 2621: Slag & ash from waste incineration](https://busy.in/hsn/sub-chapter-2621/) | ₹652 Cr |
| #3 | [HSN Sub-Chapter 2614: Titanium ores & extracts](https://busy.in/hsn/sub-chapter-2614/) | ₹508 Cr |
| #4 | [HSN Sub-Chapter 2619: Waste from iron & steel production](https://busy.in/hsn/sub-chapter-2619/) | ₹401 Cr |
| #5 | [HSN Sub-Chapter 2620: Slag & residues with metals](https://busy.in/hsn/sub-chapter-2620/) | ₹232 Cr |
| #6 | [HSN Sub-Chapter 2603: Copper ores & extracts](https://busy.in/hsn/sub-chapter-2603/) | ₹197 Cr |
| #7 | [HSN Sub-Chapter 2606: Aluminium ores & extracts](https://busy.in/hsn/sub-chapter-2606/) | ₹128 Cr |
| #8 | [HSN Sub-Chapter 2618: Granulated iron slag](https://busy.in/hsn/sub-chapter-2618/) | ₹100 Cr |
| #9 | [HSN Sub-Chapter 2613: Molybdenum ores & extracts](https://busy.in/hsn/sub-chapter-2613/) | ₹24 Cr |
| #10 | [HSN Sub-Chapter 2602: Manganese Ores & Extracts](https://busy.in/hsn/sub-chapter-2602/) | ₹21 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 2602 | [Manganese Ores & Extracts](https://busy.in/hsn/sub-chapter-2602/) |
| 2603 | [Copper ores & extracts](https://busy.in/hsn/sub-chapter-2603/) |
| 2604 | [Nickel ores & extracts](https://busy.in/hsn/sub-chapter-2604/) |
| 2605 | [Cobalt ores & extracts](https://busy.in/hsn/sub-chapter-2605/) |
| 2606 | [Aluminium ores & extracts](https://busy.in/hsn/sub-chapter-2606/) |
| 2607 | [Lead ores & extracts](https://busy.in/hsn/sub-chapter-2607/) |
| 2608 | [Zinc ores & extracts](https://busy.in/hsn/sub-chapter-2608/) |
| 2609 | [Tin ores & extracts](https://busy.in/hsn/sub-chapter-2609/) |
| 2610 | [Chromium ores & extracts](https://busy.in/hsn/sub-chapter-2610/) |
| 2611 | [Tungsten ores & extracts](https://busy.in/hsn/sub-chapter-2611/) |
| 2612 | [Uranium or thorium ores](https://busy.in/hsn/sub-chapter-2612/) |
| 2613 | [Molybdenum ores & extracts](https://busy.in/hsn/sub-chapter-2613/) |
| 2614 | [Titanium ores & extracts](https://busy.in/hsn/sub-chapter-2614/) |
| 2615 | [Niobium ores and extracts](https://busy.in/hsn/sub-chapter-2615/) |
| 2616 | [Precious metal ores & extracts](https://busy.in/hsn/sub-chapter-2616/) |
| 2617 | [Other ores & extracts](https://busy.in/hsn/sub-chapter-2617/) |
| 2618 | [Granulated iron slag](https://busy.in/hsn/sub-chapter-2618/) |
| 2619 | [Waste from iron & steel production](https://busy.in/hsn/sub-chapter-2619/) |
| 2620 | [Slag & residues with metals](https://busy.in/hsn/sub-chapter-2620/) |
| 2621 | [Slag & ash from waste incineration](https://busy.in/hsn/sub-chapter-2621/) |