Export Decline: −48.69% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2608 have declined at a compound annual rate of −48.69% over 7 fiscal years, falling from ₹7.12 Crore in FY 2018-19 to ₹0.13 Crore in FY 2024-25.
HSN Sub Chapter 2608 represents Zinc ores & extracts under GST classification. This code helps businesses identify Zinc ores & extracts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2608, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Zinc ores & extracts.
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GST Rate for Zinc ores & extracts under HSN Code 2608. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Zinc ores & extracts.
Tariff HSN
Description
Zinc ores and concentrates
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #520 of 1233 subchapters
% of Chapter 26
FY 2024-250.00%
Share of Chapter 26’s total exports in FY 2024-25
Import side: 0.00% of Chapter 26’s imports
Rank Within Chapter 26
FY 2024-25#14 of 21
Position by export value among subchapters in Chapter 26
At a glance
−48.69%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1176
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+289.74%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.00%
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
+3.24
Exports
7.12 ₹ Cr
0.0003% share
— YoY
0.06% of Ch. 26
Imports
3.88 ₹ Cr
0.0001% share
— YoY
0.01% of Ch. 26
Balance
+1.31
Exports
1.58 ₹ Cr
0.0001% share
−77.81% YoY
0.01% of Ch. 26
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−93.04% YoY
0.00% of Ch. 26
Balance
+1.12
Exports
2.07 ₹ Cr
0.0001% share
+31.01% YoY
0.01% of Ch. 26
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+251.85% YoY
0.01% of Ch. 26
Balance
+2.20
Exports
4.68 ₹ Cr
0.0001% share
+126.09% YoY
0.02% of Ch. 26
Imports
2.48 ₹ Cr
0.0001% share
+161.05% YoY
0.01% of Ch. 26
Balance
+14.30
Exports
18.24 ₹ Cr
0.0005% share
+289.74% YoY
0.10% of Ch. 26
Imports
3.94 ₹ Cr
0.0001% share
+58.87% YoY
0.01% of Ch. 26
Balance
+5.34
Exports
6.41 ₹ Cr
0.0002% share
−64.86% YoY
0.02% of Ch. 26
Imports
1.07 ₹ Cr
0.0000% share
−72.84% YoY
0.00% of Ch. 26
Balance
+0.13
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−97.97% YoY
0.00% of Ch. 26
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Ch. 26
CAGR · 7-Year
Exports
−48.69% /yr
Imports
—
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 2608 have declined at a compound annual rate of −48.69% over 7 fiscal years, falling from ₹7.12 Crore in FY 2018-19 to ₹0.13 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2608 ranks #1176 out of 1233 subchapters by total export value. Within Chapter 26, it ranks #14 of 21. By trade surplus, it ranks #520 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2608 was recorded in FY 2022-23, when exports surged by 289.74% over the prior year.
In FY 2024-25, India's exports of ₹0.13 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.13 Crore — ranking #520 of 1233 by surplus magnitude.
Among the 21 subchapters under Chapter 26, HSN Sub-Chapter 2608 ranks #14 by export value — accounting for 0.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.
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 2608 and GST compliance.
It includes Zinc ores & 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.
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.
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 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.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.