HS code 2601 11 31: 62% Fe or more but below 65% Fe

HS code 2601 11 31 covers 62% Fe or more but below 65% Fe in chapter 26 (ores, slag and ash). Total import duty is about 21.24% of the import value; DGFT import policy: Free.

Total import dutyabout 21.24%
Basic customs duty2.5%
IGST18%
Import policyFree
Export policySTE
Anti-dumpingNone found

Updated 2026-11-01 from official lists, including Budget 2026 and later customs notifications.

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Key facts

Tariff item (8-digit HS code)2601 11 31
Description62% Fe or more but below 65% Fe
Chapter26: Ores, slag and ash
Heading2601: Iron ore fines (62% Fe or more )
Unitkg.
Basic customs duty (tariff rate)2.5%
Basic customs duty charged2.5%
Social welfare surcharge10% of BCD
IGST18%
Total import dutyabout 21.24% of the import value
DGFT import policyFree
DGFT export policySTE

Import duty (with Budget 2026 changes)

  • About ₹21,240 duty on every ₹1,00,000 of import value (CIF).

DGFT import and export policy

  • Import: Free.
  • Export: STE. Subject to Policy Condition 1 of the Chapter.

India's imports and exports

  • India imported 1,696,010 tonnes in 2025-26 (down 38.4% on 2024-25) under tariff item 26011131, “62% fe or more but below 65% fe”.

Questions about HS code 2601 11 31

What is the import duty on HS code 2601 11 31 in India?

About 21.24% of the import value: basic customs duty 2.5%, social welfare surcharge 10% of BCD and IGST 18%. IGST can usually be claimed back as input tax credit.

Is the import of 62% fe or more but below 65% fe free in India?

DGFT import policy for HS code 2601 11 31 is Free.

Can 62% fe or more but below 65% fe be exported from India?

DGFT export policy for HS code 2601 11 31 is STE.

Other lines under heading 2601

Sources: Customs Tariff of India (CBIC) · Notification 45/2025-Customs and Budget 2026 amendments · IGST rates, Notification 9/2025-Integrated Tax (Rate) · DGFT ITC(HS) import and export policy · CBIC Customs (ADD) notifications · Export Import Data Bank (DGCI&S). Guidance from official lists, not legal advice; confirm the classification with your customs broker.