--- title: "2612 HSN Code | HSN Code for Uranium or thorium ores in India" description: "Know more about 2612 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 2612 covering Uranium or thorium ores." canonical: "https://busy.in/hsn/sub-chapter-2612/" --- # HSN Sub-chapter 2612: Uranium or thorium ores Uranium or thorium ores and concentrates Part of [Chapter 26: Ores, Slag and Ash](https://busy.in/hsn/chapter-26/). - Current GST rate: 5% - Earlier GST rate: 5% ## HSN codes | Code | Title | | --- | --- | | 26121000 | [Uranium Ores And Concentrates](https://busy.in/hsn/hsn-26121000/) | | 26122000 | [Thorium Ores And Concentrates](https://busy.in/hsn/hsn-26122000/) | ## Frequently asked questions ### What products are classified under HSN 2612 It includes Uranium or thorium ores ### What should my invoice and records include for Uranium or thorium ores? 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. ### How are warranty replacements of Uranium or thorium ores 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. ### What misclassification mistakes happen with Uranium or thorium ores? 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. ### Is the composition scheme suitable if I mainly trade Uranium or thorium ores? 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. ### Does packaging or branding change how GST applies to Uranium or thorium ores? Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Uranium or thorium ores is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment. ## India's trade performance: HSN Sub-Chapter 2612 (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: ₹398 Cr (−10.00% YoY) — 0.0065% of India's total imports - Trade balance: −₹398 Cr (Deficit); surplus rank #844 of 1233 sub-chapters - Share of Chapter 26: 0.00% of its exports; import side 0.65% ### Key metrics - Peak growth year: +4.15% in FY 2023-24 - Contribution to Ch. 26: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 2612 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 | Nil | 0.0000% | — | 0.00% | 1,839.23 | 0.0512% | — | 6.21% | −1,839.23 | — | | FY 2019-20 | — | — | — | — | 1,195.59 | 0.0356% | −35.00% | 6.39% | — | — | | FY 2020-21 | — | — | — | — | 1,170.13 | 0.0402% | −2.13% | 6.51% | — | — | | FY 2021-22 | — | — | — | — | Nil | 0.0000% | −100.00% | 0.00% | — | — | | FY 2022-23 | 3.13 | 0.0001% | — | 0.02% | — | — | — | — | — | #1094 | | FY 2023-24 | 3.26 | 0.0001% | +4.15% | 0.01% | 441.70 | 0.0079% | — | 0.89% | −438.44 | #1104 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | 397.51 | 0.0065% | −10.00% | 0.65% | −397.51 | — | - CAGR (7-year): exports —/yr, imports -22.53%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 2612 export-import analysis ### Export snapshot for HSN Sub-Chapter 2612 India exported ₹0.00 Crore worth of Uranium or thorium ores in FY 2024-25. Multi-year trend data is being compiled for this hsn sub-chapter. ### FY 2023-24 was the strongest growth year for HSN Sub-Chapter 2612 exports The strongest single-year export movement for HSN Sub-Chapter 2612 was recorded in FY 2023-24, when exports surged by 4.15% over the prior year. ### India records a trade deficit of ₹397.51 Crore in HSN Sub-Chapter 2612 goods In FY 2024-25, India's imports of ₹397.51 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹397.51 Crore — ranking #844 of 1233 by surplus magnitude. ### Import growth of -22.53% CAGR signals stable import dependency for Uranium or thorium ores India's imports under HSN Sub-Chapter 2612 have grown at -22.53% CAGR, reaching ₹397.51 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 2612: Uranium or thorium ores (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/) | | 2604 | [Nickel ores & extracts](https://busy.in/hsn/sub-chapter-2604/) | | 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/) | | 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/) |