HSN Code 28342100 represents Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids under GST classification. This code helps businesses identify Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids correctly for billing, taxation, and trade. With HSN Code 28342100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids.
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HSN Code 28342100 relates to the following description.
Description of Goods
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Of potassium
Chapter
28 - Inorganic chemicals, organic or inorganic compounds of precious metals,of rare-earth metals, of radioactive elements or of isotopes
Sub Chapter
2834 - Nitrites; nitrates
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids does not include products with the following descriptions.
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrites : Sodium nitrite
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrites : Other
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Strontium nitrate
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Magnesium nitrate
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Barium nitrate
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Other
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrites : Sodium nitrite
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrites : Other
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Strontium nitrate
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Magnesium nitrate
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Barium nitrate
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Other
India’s Exports
FY 2024-25₹38 Cr
0.0010% of India’s total exports
India’s Imports
FY 2024-25₹18 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25₹20 Cr
Surplus rank #2835 of 12657 HSN codes
% of Sub-Chapter 2834
FY 2024-2515.99%
Share of Sub-Chapter 2834’s total exports in FY 2024-25
Import side: 14.10% of Sub-Chapter 2834’s imports
Rank Within Sub-Chapter 2834
FY 2024-25#3 of 7
Position by export value among HSN codes in Sub-Chapter 2834
Import-side rank: #3 of 7
At a glance
16.08%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3988
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+35.20%
Peak Growth Year
FY 2023-24 · strongest single-year move
15.99%
Contribution to Sub-Ch. 2834
Share of Sub-Chapter 2834 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+14.33
Exports
15.50 ₹ Cr
0.0007% share
— YoY
13.74% of Sub-Ch. 2834
Imports
1.17 ₹ Cr
0.0000% share
— YoY
1.16% of Sub-Ch. 2834
Balance
+13.37
Exports
16.81 ₹ Cr
0.0008% share
+8.45% YoY
14.20% of Sub-Ch. 2834
Imports
3.44 ₹ Cr
0.0001% share
+194.02% YoY
3.75% of Sub-Ch. 2834
Balance
+15.83
Exports
16.59 ₹ Cr
0.0008% share
−1.31% YoY
14.58% of Sub-Ch. 2834
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−77.91% YoY
1.25% of Sub-Ch. 2834
Balance
+17.14
Exports
18.79 ₹ Cr
0.0006% share
+13.26% YoY
11.94% of Sub-Ch. 2834
Imports
1.65 ₹ Cr
0.0000% share
+117.11% YoY
1.62% of Sub-Ch. 2834
Balance
+19.22
Exports
25.17 ₹ Cr
0.0007% share
+33.95% YoY
8.63% of Sub-Ch. 2834
Imports
5.95 ₹ Cr
0.0001% share
+260.61% YoY
3.03% of Sub-Ch. 2834
Balance
+20.06
Exports
34.03 ₹ Cr
0.0009% share
+35.20% YoY
13.05% of Sub-Ch. 2834
Imports
13.97 ₹ Cr
0.0002% share
+134.79% YoY
12.91% of Sub-Ch. 2834
Balance
+19.51
Exports
37.92 ₹ Cr
0.0010% share
+11.43% YoY
15.99% of Sub-Ch. 2834
Imports
18.41 ₹ Cr
0.0003% share
+31.78% YoY
14.10% of Sub-Ch. 2834
CAGR · 7-Year
Exports
16.08% /yr
Imports
58.30% /yr
reference, FY 2024-25
Export
₹237.21 Cr
Import
₹130.53 Cr
Trade Balance
+106.68
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.
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.
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.
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.
India's imports under HSN Code 28342100 have grown at 58.30% CAGR, reaching ₹18.41 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 28342100 and GST compliance.
It includes 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.
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).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 28342100, Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.