---
title: "HSN Code for Iodine | HSN 28012000 GST Rate"
description: "Find HSN and GST Rates for 28012000 related to Iodine with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-28012000/"
---

# HSN Code 28012000: Iodine

- [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/)
- [Chapter 28: Inorganic Chemicals & Rare-Earth Metal Compounds](https://busy.in/hsn/chapter-28/)
- [Sub-chapter 2801: Fluorine, chlorine, bromine, iodine](https://busy.in/hsn/sub-chapter-2801/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| CHEMICAL ELEMENTS : Iodine | 6% | 6% | 12% | 0% |

## Frequently asked questions

### What products are classified under HSN 28012000 ?

It includes Iodine

### How should mixed supplies be billed when Iodine is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Iodine; Nil for exempt items if applicable).

### Any common misclassification issue with Iodine?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### Does packaging or labelling change the GST for Iodine?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

### How much GST applies to Iodine?

Under HSN 28012000, Iodine attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Iodine?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

## India's trade performance: HSN Code 28012000 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹55 Cr (+5.28% YoY) — 0.0015% of India's total exports
- Imports: ₹2,690 Cr (+37.81% YoY) — 0.0443% of India's total imports
- Trade balance: −₹2,634 Cr (Deficit); surplus rank #12470 of 12657 HSN codes
- Share of Sub-Chapter 2801: 24.63% of its exports; import side 92.48%
- Rank within Sub-Chapter 2801: #2 of 4 by export value; import-side #1

### Key metrics

- Export CAGR: -3.54% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #3484 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +243.34% in FY 2022-23
- Contribution to Sub-Ch. 2801: 24.63% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 28012000

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 Sub-Ch. 2801 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2801 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 68.79 | 0.0030% | — | 30.72% | 690.84 | 0.0193% | — | 84.51% | −622.05 | #2442 |
| FY 2019-20 | 37.89 | 0.0017% | −44.92% | 21.03% | 873.70 | 0.0261% | +26.47% | 81.09% | −835.81 | #3288 |
| FY 2020-21 | 31.38 | 0.0015% | −17.18% | 12.93% | 675.09 | 0.0232% | −22.73% | 69.41% | −643.71 | #3594 |
| FY 2021-22 | 29.28 | 0.0009% | −6.69% | 6.25% | 908.42 | 0.0199% | +34.56% | 71.03% | −879.14 | #4079 |
| FY 2022-23 | 100.53 | 0.0028% | +243.34% | 17.15% | 1,764.39 | 0.0307% | +94.23% | 81.99% | −1,663.86 | #2521 |
| FY 2023-24 | 52.64 | 0.0015% | −47.64% | 22.48% | 1,951.85 | 0.0348% | +10.62% | 85.98% | −1,899.21 | #3461 |
| FY 2024-25 | 55.42 | 0.0015% | +5.28% | 24.63% | 2,689.75 | 0.0443% | +37.81% | 92.48% | −2,634.33 | #3484 |

- CAGR (7-year): exports -3.54%/yr, imports 25.43%/yr (consistently Deficit)

## Key trade insights: HSN Code 28012000 export-import analysis

### Export decline: -3.54% CAGR over 7 years

India's exports under HSN Code 28012000 have declined at a compound annual rate of -3.54% over 7 fiscal years, falling from ₹68.79 Crore in FY 2018-19 to ₹55.42 Crore in FY 2024-25.

### HSN Code 28012000 ranked #3484 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 28012000 ranks #3484 out of 12657 HSN codes by total export value. Within Sub-Chapter 2801, it ranks #2 of 4. By trade surplus, it ranks #12470 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 28012000 exports

The strongest single-year export movement for HSN Code 28012000 was recorded in FY 2022-23, when exports surged by 243.34% over the prior year.

### India records a trade deficit of ₹2,634.33 Crore in HSN Code 28012000 goods

In FY 2024-25, India's imports of ₹2,689.75 Cr exceeded exports of ₹55.42 Cr, resulting in a trade deficit of ₹2,634.33 Crore — ranking #12470 of 12657 by surplus magnitude.

### Import growth of 25.43% CAGR signals rising demand for Iodine

India's imports under HSN Code 28012000 have grown at 25.43% CAGR, reaching ₹2,689.75 Crore in FY 2024-25.

### HSN Code 28012000 contributes 24.63% of Sub-Chapter 2801 exports — ranked #2

Among the 4 HSN codes under Sub-Chapter 2801, HSN Code 28012000 ranks #2 by export value — accounting for 24.63% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 92.48% share (rank #1).

## Related HSN Codes in Sub-Chapter 2801

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 28013020: Bromine](https://busy.in/hsn/hsn-28013020/) | ₹150 Cr |
| #2 | HSN Code 28012000: Iodine (this hsn code) | ₹55 Cr |
| #3 | [HSN Code 28011000: Chlorine](https://busy.in/hsn/hsn-28011000/) | ₹20 Cr |
| — | [HSN Code 28013010: Fluorine](https://busy.in/hsn/hsn-28013010/) | Nil |