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2612 HSN Code: Uranium or thorium ores

HSN Sub Chapter 2612 represents Uranium or thorium ores under GST classification. This code helps businesses identify Uranium or thorium ores correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2612, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Uranium or thorium ores.

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New GST Rate for HSN Code 2612

GST Rate for Uranium or thorium ores under HSN Code 2612. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

26

HSN Code

2612

HSN Description

Uranium or thorium ores and concentrates

New GST Rate

0% or 5%

Exempt for uranium ore concentrate; 5% for uranium and thorium ores.

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 2612

Following tariff HSN codes fall under Uranium or thorium ores.

Tariff HSN

26121000

Description

Uranium ores and concentrates

Tariff HSN

26122000

Description

Thorium ores and concentrates

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India’s Trade Performance — HSN Sub-Chapter 2612 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

Nil

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹417 Cr

+4.80% vs FY 2024-25

0.0061% of India’s total imports

Trade Balance

FY 2025-26

−₹417 Cr

Trade Deficit

Surplus rank #854 of 1233 subchapters

% of Chapter 26

FY 2025-26

0.00%

Share of Chapter 26’s total exports in FY 2025-26

Import side: 0.45% of Chapter 26’s imports

At a glance

+4.15%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.00%

Contribution to Ch. 26

Share of Chapter 26 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Sub-Chapter 2612

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19

Balance

−1,839.23

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 26

Imports

1,839.23 ₹ Cr

0.0512% share

— YoY

6.21% of Ch. 26

FY 2019-20

Balance

—

Exports

— ₹ Cr

— share

— YoY

— of Ch. 26

Imports

1,195.59 ₹ Cr

0.0356% share

−35.00% YoY

6.39% of Ch. 26

FY 2020-21

Balance

—

Exports

— ₹ Cr

— share

— YoY

— of Ch. 26

Imports

1,170.13 ₹ Cr

0.0402% share

−2.13% YoY

6.51% of Ch. 26

FY 2021-22

Balance

—

Exports

— ₹ Cr

— share

— YoY

— of Ch. 26

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 26

FY 2022-23 Exp. Rank #1094

Balance

—

Exports

3.13 ₹ Cr

0.0001% share

— YoY

0.02% of Ch. 26

Imports

— ₹ Cr

— share

— YoY

— of Ch. 26

FY 2023-24 Exp. Rank #1104

Balance

−438.44

Exports

3.26 ₹ Cr

0.0001% share

+4.15% YoY

0.01% of Ch. 26

Imports

441.70 ₹ Cr

0.0079% share

— YoY

0.89% of Ch. 26

FY 2024-25

Balance

−397.51

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 26

Imports

397.51 ₹ Cr

0.0065% share

−10.00% YoY

0.65% of Ch. 26

FY 2025-26

Balance

−416.60

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 26

Imports

416.60 ₹ Cr

0.0061% share

+4.80% YoY

0.45% of Ch. 26

CAGR · 8-Year

Exports

—

Imports

−19.11% /yr

Consistently Deficit
Chapter 26 total

reference, FY 2025-26

Export

₹18,972.57 Cr

Import

₹92,153.14 Cr

Trade Balance

−73,180.57

Peak export growth year Latest available data Not available YoY = change vs previous FY

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 2025-26. 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 ₹416.60 Crore in HSN Sub-Chapter 2612 Goods

In FY 2025-26, India's imports of ₹416.60 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹416.60 Crore — ranking #854 of 1233 by surplus magnitude.

Import Growth of −19.11% CAGR Signals Stable Import Dependency for Uranium or thorium ores

India's imports under HSN Sub-Chapter 2612 have grown at −19.11% CAGR, reaching ₹416.60 Crore in FY 2025-26.

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2612 and GST compliance.

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.

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Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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