--- title: "HSN Code for Other Nitrates | HSN 28342990 GST Rate" description: "Find HSN and GST Rates for 28342990 related to Other Nitrates with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-28342990/" --- # HSN Code 28342990: Other Nitrates - [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 : Other : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 28342990 ? It includes Other Nitrates ### Does packaging or labelling change the GST for Other Nitrates? 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. ### Do e‑way bill and e‑invoice apply for Other Nitrates? 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 much GST applies to Other Nitrates? Under HSN 28342990, Other Nitrates attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Other Nitrates? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Other Nitrates? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 28342990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹57 Cr (−20.98% YoY) — 0.0016% of India's total exports - Imports: ₹34 Cr (−25.78% YoY) — 0.0006% of India's total imports - Trade balance: ₹24 Cr (Surplus); surplus rank #2709 of 12657 HSN codes - Share of Sub-Chapter 2834: 24.23% of its exports; import side 25.92% - Rank within Sub-Chapter 2834: #2 of 7 by export value; import-side #2 ### Key metrics - Export CAGR: 25.88% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3432 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +109.08% in FY 2022-23 - Contribution to Sub-Ch. 2834: 24.23% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 28342990 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 | 14.45 | 0.0006% | — | 12.81% | 13.31 | 0.0004% | — | 13.21% | +1.14 | #4524 | | FY 2019-20 | 21.72 | 0.0010% | +50.31% | 18.35% | 19.20 | 0.0006% | +44.25% | 20.90% | +2.52 | #4002 | | FY 2020-21 | 19.20 | 0.0009% | −11.60% | 16.88% | 11.78 | 0.0004% | −38.65% | 19.38% | +7.42 | #4245 | | FY 2021-22 | 33.25 | 0.0011% | +73.18% | 21.13% | 13.82 | 0.0003% | +17.32% | 13.57% | +19.43 | #3913 | | FY 2022-23 | 69.52 | 0.0019% | +109.08% | 23.83% | 79.89 | 0.0014% | +478.08% | 40.65% | −10.37 | #3049 | | FY 2023-24 | 72.74 | 0.0020% | +4.63% | 27.90% | 45.58 | 0.0008% | −42.95% | 42.12% | +27.16 | #3018 | | FY 2024-25 | 57.48 | 0.0016% | −20.98% | 24.23% | 33.83 | 0.0006% | −25.78% | 25.92% | +23.65 | #3432 | - CAGR (7-year): exports 25.88%/yr, imports 16.82%/yr (consistently Surplus) ## Key trade insights: HSN Code 28342990 export-import analysis ### Consistent export growth: 25.88% CAGR over 7 years India's exports under HSN Code 28342990 have grown at a compound annual rate of 25.88% over 7 fiscal years, rising from ₹14.45 Crore in FY 2018-19 to ₹57.48 Crore in FY 2024-25. ### HSN Code 28342990 ranked #3432 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 28342990 ranks #3432 out of 12657 HSN codes by total export value. Within Sub-Chapter 2834, it ranks #2 of 7. By trade surplus, it ranks #2709 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 28342990 exports The strongest single-year export movement for HSN Code 28342990 was recorded in FY 2022-23, when exports surged by 109.08% over the prior year. ### India maintains a trade surplus of ₹23.65 Crore in HSN Code 28342990 goods In FY 2024-25, India's exports of ₹57.48 Cr exceeded imports of ₹33.83 Cr, resulting in a trade surplus of ₹23.65 Crore — ranking #2709 of 12657 by surplus magnitude. ### Import growth of 16.82% CAGR signals rising demand for Other Nitrates India's imports under HSN Code 28342990 have grown at 16.82% CAGR, reaching ₹33.83 Crore in FY 2024-25. ### HSN Code 28342990 contributes 24.23% of Sub-Chapter 2834 exports — ranked #2 Among the 7 HSN codes under Sub-Chapter 2834, HSN Code 28342990 ranks #2 by export value — accounting for 24.23% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 25.92% share (rank #2). ## 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 (this hsn code) | ₹57 Cr | | #3 | [HSN Code 28342100: Potassium Nitrates: Salts & Peroxysalts of Inorganic Acids](https://busy.in/hsn/hsn-28342100/) | ₹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 |