--- title: "2604 HSN Code | HSN Code for Nickel ores & extracts in India" description: "Know more about 2604 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 2604 covering Nickel ores & extracts." canonical: "https://busy.in/hsn/sub-chapter-2604/" --- # HSN Sub-chapter 2604: Nickel ores & extracts Nickel ores and concentrates Part of [Chapter 26: Ores, Slag and Ash](https://busy.in/hsn/chapter-26/). - Current GST rate: 18% - Earlier GST rate: 18% ## HSN codes | Code | Title | | --- | --- | | 26040000 | [Nickel Ores And Concentrates](https://busy.in/hsn/hsn-26040000/) | ## Frequently asked questions ### What products are classified under HSN 2604 It includes Nickel ores & extracts ### What are the e‑way bill and e‑invoice points while moving Nickel ores & extracts? Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself. ### Is the composition scheme suitable if I mainly trade Nickel 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. ### Do spares or accessories of Nickel ores & extracts follow the same HSN? Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice. ### How should I document Nickel ores & extracts sent for job work? Use a delivery challan for sending Nickel ores & extracts to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN. ### What should my invoice and records include for Nickel ores & extracts? Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail. ## India's trade performance: HSN Sub-Chapter 2604 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #530 of 1233 sub-chapters - Share of Chapter 26: 0.00% of its exports; import side 0.00% ### Key metrics - Peak growth year: −100.00% in FY 2019-20 - Contribution to Ch. 26: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 2604 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 | < ₹1 Crore | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | +0.14 | #1178 | | FY 2019-20 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | −0.02 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | +3,100.00% | 0.00% | −0.64 | — | | FY 2021-22 | < ₹1 Crore | 0.0000% | — | 0.00% | 1.62 | 0.0000% | +153.13% | 0.00% | −1.10 | #1150 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | −97.53% | 0.00% | −0.04 | — | | FY 2023-24 | < ₹1 Crore | 0.0000% | — | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | +0.30 | #1173 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | −0.31 | — | - CAGR (7-year): exports —/yr, imports 57.90%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 2604 export-import analysis ### Export snapshot for HSN Sub-Chapter 2604 India exported ₹0.00 Crore worth of Nickel ores & extracts in FY 2024-25. Multi-year trend data is being compiled for this hsn sub-chapter. ### FY 2019-20 was the strongest growth year for HSN Sub-Chapter 2604 exports The strongest single-year export movement for HSN Sub-Chapter 2604 was recorded in FY 2019-20, when exports declined by 100.00% over the prior year. ### India records a trade deficit of ₹0.31 Crore in HSN Sub-Chapter 2604 goods In FY 2024-25, India's imports of ₹0.31 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.31 Crore — ranking #530 of 1233 by surplus magnitude. ### Import growth of 57.90% CAGR signals rising demand for Nickel ores & extracts India's imports under HSN Sub-Chapter 2604 have grown at 57.90% CAGR, reaching ₹0.31 Crore in FY 2024-25. ## 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](https://busy.in/hsn/sub-chapter-2601/) | ₹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 | | — | HSN Sub-Chapter 2604: Nickel ores & extracts (this hsn sub-chapter) | Nil | ## Other sub-chapters | Code | Title | | --- | --- | | 2601 | [Iron ores and extracts](https://busy.in/hsn/sub-chapter-2601/) | | 2602 | [Manganese Ores & Extracts](https://busy.in/hsn/sub-chapter-2602/) | | 2603 | [Copper ores & extracts](https://busy.in/hsn/sub-chapter-2603/) | | 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/) |