--- title: "HSN Code for Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids | HSN 28342100 GST Rate" description: "Find HSN and GST Rates for 28342100 related to Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-28342100/" --- # HSN Code 28342100: Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids - [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 2834: Nitrites; nitrates](https://busy.in/hsn/sub-chapter-2834/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Of potassium | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 28342100 ? It includes Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids ### Do e‑way bill and e‑invoice apply for Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### How should mixed supplies be billed when Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids; Nil for exempt items if applicable). ### Any common misclassification issue with Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids? Under HSN 28342100, Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids? 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. ## India's trade performance: HSN Code 28342100 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹38 Cr (+11.43% YoY) — 0.0010% of India's total exports - Imports: ₹18 Cr (+31.78% YoY) — 0.0003% of India's total imports - Trade balance: ₹20 Cr (Surplus); surplus rank #2835 of 12657 HSN codes - Share of Sub-Chapter 2834: 15.99% of its exports; import side 14.10% - Rank within Sub-Chapter 2834: #3 of 7 by export value; import-side #3 ### Key metrics - Export CAGR: 16.08% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3988 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +35.20% in FY 2023-24 - Contribution to Sub-Ch. 2834: 15.99% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 28342100 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. 2834 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2834 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 15.50 | 0.0007% | — | 13.74% | 1.17 | 0.0000% | — | 1.16% | +14.33 | #4420 | | FY 2019-20 | 16.81 | 0.0008% | +8.45% | 14.20% | 3.44 | 0.0001% | +194.02% | 3.75% | +13.37 | #4349 | | FY 2020-21 | 16.59 | 0.0008% | −1.31% | 14.58% | < ₹1 Crore | 0.0000% | −77.91% | 1.25% | +15.83 | #4450 | | FY 2021-22 | 18.79 | 0.0006% | +13.26% | 11.94% | 1.65 | 0.0000% | +117.11% | 1.62% | +17.14 | #4684 | | FY 2022-23 | 25.17 | 0.0007% | +33.95% | 8.63% | 5.95 | 0.0001% | +260.61% | 3.03% | +19.22 | #4395 | | FY 2023-24 | 34.03 | 0.0009% | +35.20% | 13.05% | 13.97 | 0.0002% | +134.79% | 12.91% | +20.06 | #4079 | | FY 2024-25 | 37.92 | 0.0010% | +11.43% | 15.99% | 18.41 | 0.0003% | +31.78% | 14.10% | +19.51 | #3988 | - CAGR (7-year): exports 16.08%/yr, imports 58.30%/yr (consistently Surplus) ## Key trade insights: HSN Code 28342100 export-import analysis ### Consistent export growth: 16.08% CAGR over 7 years India's exports under HSN Code 28342100 have grown at a compound annual rate of 16.08% over 7 fiscal years, rising from ₹15.50 Crore in FY 2018-19 to ₹37.92 Crore in FY 2024-25. ### HSN Code 28342100 ranked #3988 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 28342100 ranks #3988 out of 12657 HSN codes by total export value. Within Sub-Chapter 2834, it ranks #3 of 7. By trade surplus, it ranks #2835 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 28342100 exports The strongest single-year export movement for HSN Code 28342100 was recorded in FY 2023-24, when exports surged by 35.20% over the prior year. ### India maintains a trade surplus of ₹19.51 Crore in HSN Code 28342100 goods In FY 2024-25, India's exports of ₹37.92 Cr exceeded imports of ₹18.41 Cr, resulting in a trade surplus of ₹19.51 Crore — ranking #2835 of 12657 by surplus magnitude. ### Import growth of 58.30% CAGR signals rising demand for Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids India's imports under HSN Code 28342100 have grown at 58.30% CAGR, reaching ₹18.41 Crore in FY 2024-25. ### HSN Code 28342100 contributes 15.99% of Sub-Chapter 2834 exports — ranked #3 Among the 7 HSN codes under Sub-Chapter 2834, HSN Code 28342100 ranks #3 by export value — accounting for 15.99% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 14.10% share (rank #3). ## Related HSN Codes in Sub-Chapter 2834 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 28341010: Sodium Nitrite](https://busy.in/hsn/hsn-28341010/) | ₹128 Cr | | #2 | [HSN Code 28342990: Other Nitrates](https://busy.in/hsn/hsn-28342990/) | ₹57 Cr | | #3 | HSN Code 28342100: Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids (this hsn code) | ₹38 Cr | | #4 | [HSN Code 28341090: Nitrites – Other](https://busy.in/hsn/hsn-28341090/) | ₹10 Cr | | #5 | [HSN Code 28342930: Barium Nitrate](https://busy.in/hsn/hsn-28342930/) | ₹1 Cr | | #6 | [HSN Code 28342910: Strontium Nitrate](https://busy.in/hsn/hsn-28342910/) | ₹1 Cr | | #7 | [HSN Code 28342920: Magnesium Nitrate](https://busy.in/hsn/hsn-28342920/) | < ₹1 Crore |