Consistent Export Growth: 7.20% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2602 have grown at a compound annual rate of 7.20% over 7 fiscal years, rising from ₹13.81 Crore in FY 2018-19 to ₹20.96 Crore in FY 2024-25.
HSN Sub Chapter 2602 represents Manganese Ores & Extracts under GST classification. This code helps businesses identify Manganese Ores & Extracts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2602, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Manganese Ores & Extracts.
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GST Rate for Manganese Ores & Extracts under HSN Code 2602. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Manganese Ores & Extracts.
Tariff HSN
Description
Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more,calculated on the dry weight : Manganese ore (46% or more)
Tariff HSN
Description
Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more,calculated on the dry weight : Manganese ore (44% or more but below 46%)
Tariff HSN
Description
Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more,calculated on the dry weight : Manganese ore (40% or more but below 44%)
Tariff HSN
Description
Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more,calculated on the dry weight : Manganese ore (35% or more but below 40%)
Tariff HSN
Description
Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more,calculated on the dry weight : Manganese ore (30% or more but below 35%)
Tariff HSN
Description
Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more,calculated on the dry weight : Ferruginous (10% or more but below 30%)
Tariff HSN
Description
Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more,calculated on the dry weight : Manganese ore sinters, agglomerated
Tariff HSN
Description
Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more,calculated on the dry weight : Other
India’s Exports
FY 2024-25₹21 Cr
0.0006% of India’s total exports
India’s Imports
FY 2024-25₹10,267 Cr
0.1684% of India’s total imports
Trade Balance
FY 2024-25−₹10,246 Cr
Surplus rank #1153 of 1233 subchapters
% of Chapter 26
FY 2024-250.11%
Share of Chapter 26’s total exports in FY 2024-25
Import side: 16.78% of Chapter 26’s imports
Rank Within Chapter 26
FY 2024-25#10 of 21
Position by export value among subchapters in Chapter 26
Import-side rank: #2 of 21
At a glance
7.20%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#999
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+9,427.27%
Peak Growth Year
FY 2024-25 · strongest single-year move
0.11%
Contribution to Ch. 26
Share of Chapter 26 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−4,834.64
Exports
13.81 ₹ Cr
0.0006% share
— YoY
0.11% of Ch. 26
Imports
4,848.45 ₹ Cr
0.1350% share
— YoY
16.36% of Ch. 26
Balance
−4,102.75
Exports
25.46 ₹ Cr
0.0012% share
+84.36% YoY
0.11% of Ch. 26
Imports
4,128.21 ₹ Cr
0.1231% share
−14.86% YoY
22.08% of Ch. 26
Balance
−5,426.72
Exports
97.49 ₹ Cr
0.0045% share
+282.91% YoY
0.25% of Ch. 26
Imports
5,524.21 ₹ Cr
0.1896% share
+33.82% YoY
30.72% of Ch. 26
Balance
−9,583.66
Exports
58.82 ₹ Cr
0.0019% share
−39.67% YoY
0.22% of Ch. 26
Imports
9,642.48 ₹ Cr
0.2110% share
+74.55% YoY
22.59% of Ch. 26
Balance
−8,259.94
Exports
2.16 ₹ Cr
0.0001% share
−96.33% YoY
0.01% of Ch. 26
Imports
8,262.10 ₹ Cr
0.1437% share
−14.32% YoY
17.77% of Ch. 26
Balance
−7,750.11
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−89.81% YoY
0.00% of Ch. 26
Imports
7,750.33 ₹ Cr
0.1380% share
−6.19% YoY
15.63% of Ch. 26
Balance
−10,245.98
Exports
20.96 ₹ Cr
0.0006% share
+9,427.27% YoY
0.11% of Ch. 26
Imports
10,266.94 ₹ Cr
0.1684% share
+32.47% YoY
16.78% of Ch. 26
CAGR · 7-Year
Exports
7.20% /yr
Imports
13.32% /yr
reference, FY 2024-25
Export
₹19,892.22 Cr
Import
₹61,194.74 Cr
Trade Balance
−41,302.52
India's exports under HSN Sub-Chapter 2602 have grown at a compound annual rate of 7.20% over 7 fiscal years, rising from ₹13.81 Crore in FY 2018-19 to ₹20.96 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2602 ranks #999 out of 1233 subchapters by total export value. Within Chapter 26, it ranks #10 of 21. By trade surplus, it ranks #1153 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2602 was recorded in FY 2024-25, when exports surged by 9,427.27% over the prior year.
In FY 2024-25, India's imports of ₹10,266.94 Cr exceeded exports of ₹20.96 Cr, resulting in a trade deficit of ₹10,245.98 Crore — ranking #1153 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2602 have grown at 13.32% CAGR, reaching ₹10,266.94 Crore in FY 2024-25.
Among the 21 subchapters under Chapter 26, HSN Sub-Chapter 2602 ranks #10 by export value — accounting for 0.11% of the chapter's total exports in FY 2024-25. On the import side, it holds 16.78% share (rank #2).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 2602 and GST compliance.
It includes Manganese Ores & 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.
If your outward supply of Manganese Ores & Extracts is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
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.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
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.