2601 HSN Code: Iron ores and extracts

HSN Sub Chapter 2601 represents Iron ores and extracts under GST classification. This code helps businesses identify Iron ores and extracts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2601, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Iron ores and extracts.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

New GST Rate for HSN Code 2601

GST Rate for Iron ores and extracts under HSN Code 2601. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

26

HSN Code

2601

HSN Description

Iron ores and concentrates,including roasted iron pyrites

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 2601

Following tariff HSN codes fall under Iron ores and extracts.

Tariff HSN

26011111

Description

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

Tariff HSN

26011112

Description

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

Tariff HSN

26011119

Description

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore lumps (60% Fe or more) : 65% Fe and above

Tariff HSN

26011121

Description

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

Tariff HSN

26011122

Description

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

Tariff HSN

26011129

Description

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

Tariff HSN

26011131

Description

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

Tariff HSN

26011139

Description

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore fines (62% Fe or more ) : 65% Fe and above

Tariff HSN

26011141

Description

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore Fines (below 62% Fe) : below 55% Fe

Tariff HSN

26011142

Description

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

Tariff HSN

26011143

Description

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

Tariff HSN

26011149

Description

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

Tariff HSN

26011150

Description

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Iron ore concentrate

Tariff HSN

26011190

Description

Iron ores and concentrates, other than roasted iron pyrites : Non-agglomerated : Other

Tariff HSN

26011210

Description

Iron ores and concentrates, other than roasted iron pyrites : Agglomerated : Iron ore pellets

Tariff HSN

26011290

Description

Iron ores and concentrates, other than roasted iron pyrites : Agglomerated : Other

Tariff HSN

26012000

Description

Roasted iron pyrites

India’s Trade Performance — HSN Sub-Chapter 2601 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

₹17,621 Cr

−45.67% vs FY 2023-24

0.4758% of India’s total exports

India’s Imports

FY 2024-25

₹5,344 Cr

+21.85% vs FY 2023-24

0.0876% of India’s total imports

Trade Balance

FY 2024-25

₹12,278 Cr

Trade Surplus

Surplus rank #24 of 1233 subchapters

% of Chapter 26

FY 2024-25

88.58%

Share of Chapter 26’s total exports in FY 2024-25

Import side: 8.73% of Chapter 26’s imports

Rank Within Chapter 26

FY 2024-25

#1 of 21

Position by export value among subchapters in Chapter 26

Import-side rank: #3 of 21

At a glance

11.32%

Export CAGR

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

#32

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+124.80%

Peak Growth Year

FY 2023-24 · strongest single-year move

88.58%

Contribution to Ch. 26

Share of Chapter 26 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #35

Balance

+3,351.93

Exports

9,259.75 ₹ Cr

0.4034% share

— YoY

71.73% of Ch. 26

Imports

5,907.82 ₹ Cr

0.1645% share

— YoY

19.94% of Ch. 26

FY 2019-20 Exp. Rank #19

Balance

+17,674.38

Exports

18,606.77 ₹ Cr

0.8424% share

+100.94% YoY

83.06% of Ch. 26

Imports

932.39 ₹ Cr

0.0278% share

−84.22% YoY

4.99% of Ch. 26

FY 2020-21 Exp. Rank #6

Balance

+35,418.20

Exports

36,253.55 ₹ Cr

1.6855% share

+94.84% YoY

93.38% of Ch. 26

Imports

835.35 ₹ Cr

0.0287% share

−10.41% YoY

4.65% of Ch. 26

FY 2021-22 Exp. Rank #19

Balance

+20,611.77

Exports

24,144.98 ₹ Cr

0.7694% share

−33.40% YoY

90.01% of Ch. 26

Imports

3,533.21 ₹ Cr

0.0773% share

+322.96% YoY

8.28% of Ch. 26

FY 2022-23 Exp. Rank #36

Balance

+12,845.87

Exports

14,426.74 ₹ Cr

0.3985% share

−40.25% YoY

82.23% of Ch. 26

Imports

1,580.87 ₹ Cr

0.0275% share

−55.26% YoY

3.40% of Ch. 26

FY 2023-24 Exp. Rank #14

Balance

+28,045.71

Exports

32,431.23 ₹ Cr

0.8963% share

+124.80% YoY

91.73% of Ch. 26

Imports

4,385.52 ₹ Cr

0.0781% share

+177.41% YoY

8.84% of Ch. 26

FY 2024-25 Exp. Rank #32

Balance

+12,277.57

Exports

17,621.46 ₹ Cr

0.4758% share

−45.67% YoY

88.58% of Ch. 26

Imports

5,343.89 ₹ Cr

0.0876% share

+21.85% YoY

8.73% of Ch. 26

CAGR · 7-Year

Exports

11.32% /yr

Imports

−1.66% /yr

Consistently Surplus
Chapter 26 total

reference, FY 2024-25

Export

₹19,892.22 Cr

Import

₹61,194.74 Cr

Trade Balance

−41,302.52

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

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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2601 ranks #32 out of 1233 subchapters 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 subchapters 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).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2601 and GST compliance.

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.

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.

Explore More HSN Codes from Chapter 26