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HSN CODE - 26011120 : Iron ore lumps (below 60% Fe, including black iron ore containing upto 10% Mn)
HSN CODE | Description | Policy |
---|---|---|
2601 | IRON ORES AND CONCENTRATES, INCLUDING ROASTED IRON PYRITES | |
260111 | Non-agglomerated | |
26011120 | Iron ore lumps (below 60% Fe, including black iron ore containing upto 10% Mn) | Free |
Harmonised System of Nomenclature (HSN Codes) 26011120 are used for the Iron ore lumps (below 60% Fe, including black iron ore containing upto 10% Mn) products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 26011120
First two digits (26) represent the chapter number which is Chapter 26 - Ores, slag and ash
Next two digits (01) represent the heading number which is IRON ORES AND CONCENTRATES, INCLUDING ROASTED IRON PYRITES
Next two digits (11) represent the product code which is Non-agglomerated
Last two digits (20) are for final or deeper classification which is Iron ore lumps (below 60% Fe, including black iron ore containing upto 10% Mn)
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.