HSN Code 28012000: Iodine
HSN Code 28012000 represents Iodine under GST classification. This code helps businesses identify Iodine correctly for billing, taxation, and trade. With HSN Code 28012000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Iodine.
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Description of Goods for HSN Code 28012000
HSN Code 28012000 relates to the following description.
What does HSN Code 28012000 not include?
Iodine does not include products with the following descriptions.
CHEMICAL ELEMENTS : Chlorine
CHEMICAL ELEMENTS : Fluorine; bromine : Fluorine
CHEMICAL ELEMENTS : Fluorine; bromine : Bromine
India’s Trade Performance — HSN Code 28012000 in FY 2024-25
India’s Exports
FY 2024-25₹55 Cr
0.0015% of India’s total exports
India’s Imports
FY 2024-25₹2,690 Cr
0.0443% of India’s total imports
Trade Balance
FY 2024-25−₹2,634 Cr
Surplus rank #12470 of 12657 HSN codes
% of Sub-Chapter 2801
FY 2024-2524.63%
Share of Sub-Chapter 2801’s total exports in FY 2024-25
Import side: 92.48% of Sub-Chapter 2801’s imports
Rank Within Sub-Chapter 2801
FY 2024-25#2 of 4
Position by export value among HSN codes in Sub-Chapter 2801
Import-side rank: #1 of 4
At a glance
−3.54%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3484
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+243.34%
Peak Growth Year
FY 2022-23 · strongest single-year move
24.63%
Contribution to Sub-Ch. 2801
Share of Sub-Chapter 2801 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−622.05
Exports
68.79 ₹ Cr
0.0030% share
— YoY
30.72% of Sub-Ch. 2801
Imports
690.84 ₹ Cr
0.0193% share
— YoY
84.51% of Sub-Ch. 2801
Balance
−835.81
Exports
37.89 ₹ Cr
0.0017% share
−44.92% YoY
21.03% of Sub-Ch. 2801
Imports
873.70 ₹ Cr
0.0261% share
+26.47% YoY
81.09% of Sub-Ch. 2801
Balance
−643.71
Exports
31.38 ₹ Cr
0.0015% share
−17.18% YoY
12.93% of Sub-Ch. 2801
Imports
675.09 ₹ Cr
0.0232% share
−22.73% YoY
69.41% of Sub-Ch. 2801
Balance
−879.14
Exports
29.28 ₹ Cr
0.0009% share
−6.69% YoY
6.25% of Sub-Ch. 2801
Imports
908.42 ₹ Cr
0.0199% share
+34.56% YoY
71.03% of Sub-Ch. 2801
Balance
−1,663.86
Exports
100.53 ₹ Cr
0.0028% share
+243.34% YoY
17.15% of Sub-Ch. 2801
Imports
1,764.39 ₹ Cr
0.0307% share
+94.23% YoY
81.99% of Sub-Ch. 2801
Balance
−1,899.21
Exports
52.64 ₹ Cr
0.0015% share
−47.64% YoY
22.48% of Sub-Ch. 2801
Imports
1,951.85 ₹ Cr
0.0348% share
+10.62% YoY
85.98% of Sub-Ch. 2801
Balance
−2,634.33
Exports
55.42 ₹ Cr
0.0015% share
+5.28% YoY
24.63% of Sub-Ch. 2801
Imports
2,689.75 ₹ Cr
0.0443% share
+37.81% YoY
92.48% of Sub-Ch. 2801
CAGR · 7-Year
Exports
−3.54% /yr
Imports
25.43% /yr
reference, FY 2024-25
Export
₹225.03 Cr
Import
₹2,908.53 Cr
Trade Balance
−2,683.50
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 28012000 and GST compliance.
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.