2618 HSN Code: Granulated iron slag

HSN Sub Chapter 2618 represents Granulated iron slag under GST classification. This code helps businesses identify Granulated iron slag correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2618, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Granulated iron slag.

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New GST Rate for HSN Code 2618

GST Rate for Granulated iron slag under HSN Code 2618. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

26

HSN Code

2618

HSN Description

Granulated slag (slag sand) from the manufacture of iron or steel

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2618

Following tariff HSN codes fall under Granulated iron slag.

Tariff HSN

26180000

Description

Granulated slag (slag sand) from the manufacture of iron or steel

India’s Trade Performance — HSN Sub-Chapter 2618 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹100 Cr

−57.12% vs FY 2023-24

0.0027% of India’s total exports

India’s Imports

FY 2024-25

₹81 Cr

+1,14,957.14% vs FY 2023-24

0.0013% of India’s total imports

Trade Balance

FY 2024-25

₹20 Cr

Trade Surplus

Surplus rank #460 of 1233 subchapters

% of Chapter 26

FY 2024-25

0.50%

Share of Chapter 26’s total exports in FY 2024-25

Import side: 0.13% of Chapter 26’s imports

Rank Within Chapter 26

FY 2024-25

#8 of 21

Position by export value among subchapters in Chapter 26

Import-side rank: #13 of 21

At a glance

−21.17%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#826

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+43.29%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.50%

Contribution to Ch. 26

Share of Chapter 26 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2618

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #456

Balance

+417.64

Exports

417.71 ₹ Cr

0.0182% share

— YoY

3.24% of Ch. 26

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 26

FY 2019-20 Exp. Rank #457

Balance

+400.86

Exports

401.09 ₹ Cr

0.0182% share

−3.98% YoY

1.79% of Ch. 26

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+228.57% YoY

0.00% of Ch. 26

FY 2020-21 Exp. Rank #485

Balance

+360.94

Exports

361.54 ₹ Cr

0.0168% share

−9.86% YoY

0.93% of Ch. 26

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+160.87% YoY

0.00% of Ch. 26

FY 2021-22 Exp. Rank #548

Balance

+370.90

Exports

371.46 ₹ Cr

0.0118% share

+2.74% YoY

1.38% of Ch. 26

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−6.67% YoY

0.00% of Ch. 26

FY 2022-23 Exp. Rank #498

Balance

+532.19

Exports

532.28 ₹ Cr

0.0147% share

+43.29% YoY

3.03% of Ch. 26

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−83.93% YoY

0.00% of Ch. 26

FY 2023-24 Exp. Rank #662

Balance

+233.65

Exports

233.72 ₹ Cr

0.0065% share

−56.09% YoY

0.66% of Ch. 26

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−22.22% YoY

0.00% of Ch. 26

FY 2024-25 Exp. Rank #826

Balance

+19.68

Exports

100.22 ₹ Cr

0.0027% share

−57.12% YoY

0.50% of Ch. 26

Imports

80.54 ₹ Cr

0.0013% share

+1,14,957.14% YoY

0.13% of Ch. 26

CAGR · 7-Year

Exports

−21.17% /yr

Imports

223.71% /yr

Consistently Surplus
Chapter 26 total

reference, FY 2024-25

Export

₹19,892.22 Cr

Import

₹61,194.74 Cr

Trade Balance

−41,302.52

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

Key Trade Insights: HSN Sub-Chapter 2618 Export-Import Analysis

Export Decline: −21.17% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2618 have declined at a compound annual rate of −21.17% over 7 fiscal years, falling from ₹417.71 Crore in FY 2018-19 to ₹100.22 Crore in FY 2024-25.

HSN Sub-Chapter 2618 Ranked #826 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2618 ranks #826 out of 1233 subchapters by total export value. Within Chapter 26, it ranks #8 of 21. By trade surplus, it ranks #460 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 2618 Exports

The strongest single-year export movement for HSN Sub-Chapter 2618 was recorded in FY 2022-23, when exports surged by 43.29% over the prior year.

India Maintains a Trade Surplus of ₹19.68 Crore in HSN Sub-Chapter 2618 Goods

In FY 2024-25, India's exports of ₹100.22 Cr exceeded imports of ₹80.54 Cr, resulting in a trade surplus of ₹19.68 Crore — ranking #460 of 1233 by surplus magnitude.

Import Growth of 223.71% CAGR Signals Rising Demand for Granulated iron slag

India's imports under HSN Sub-Chapter 2618 have grown at 223.71% CAGR, reaching ₹80.54 Crore in FY 2024-25.

HSN Sub-Chapter 2618 Contributes 0.50% of Chapter 26 Exports — Ranked #8

Among the 21 subchapters under Chapter 26, HSN Sub-Chapter 2618 ranks #8 by export value — accounting for 0.50% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.13% share (rank #13).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2618 and GST compliance.

What products are classified under HSN 2618

It includes Granulated iron slag

Do spares or accessories of Granulated iron slag 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.

Any special steps when selling Granulated iron slag through an e‑commerce platform?

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.

Can reverse charge ever apply to transactions involving Granulated iron slag?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Granulated iron slag are forward charge. Check the current notifications for any special cases before deciding.

What should my invoice and records include for Granulated iron slag?

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 Granulated iron slag 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.

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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