FY 2019-20 Was the Strongest Growth Year for HSN Sub-Chapter 2605 Exports
The strongest single-year export movement for HSN Sub-Chapter 2605 was recorded in FY 2019-20, when exports surged by 111.11% over the prior year.
HSN Sub Chapter 2605 represents Cobalt ores & extracts under GST classification. This code helps businesses identify Cobalt ores & extracts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2605, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Cobalt ores & extracts.
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GST Rate for Cobalt ores & extracts under HSN Code 2605. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Cobalt ores & extracts.
Tariff HSN
Description
Cobalt ores and concentrates
India’s Imports
FY 2024-25₹1 Cr
0.0000% of India’s total imports
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
0.00
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 26
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 26
Balance
+0.02
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+111.11% YoY
0.00% of Ch. 26
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+106.67% YoY
0.01% of Ch. 26
Balance
−0.03
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Ch. 26
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−96.77% YoY
0.00% of Ch. 26
Balance
—
Exports
— ₹ Cr
— share
— YoY
— of Ch. 26
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+2,200.00% YoY
0.00% of Ch. 26
Balance
—
Exports
— ₹ Cr
— share
— YoY
— of Ch. 26
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−73.91% YoY
0.00% of Ch. 26
Balance
—
Exports
— ₹ Cr
— share
— YoY
— of Ch. 26
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−55.56% YoY
0.00% of Ch. 26
Balance
—
Exports
— ₹ Cr
— share
— YoY
— of Ch. 26
Imports
1.02 ₹ Cr
0.0000% share
+1,175.00% YoY
0.00% of Ch. 26
CAGR · 7-Year
Exports
—
Imports
14.61% /yr
reference, FY 2024-25
Export
₹19,892.22 Cr
Import
₹61,194.74 Cr
Trade Balance
−41,302.52
The strongest single-year export movement for HSN Sub-Chapter 2605 was recorded in FY 2019-20, when exports surged by 111.11% over the prior year.
India's imports under HSN Sub-Chapter 2605 have grown at 14.61% CAGR, reaching ₹1.02 Crore in FY 2024-25.
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 2605 and GST compliance.
It includes Cobalt 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.
If your outward supply of Cobalt 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.
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.
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.
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.