HSN Code 28342990 represents Other Nitrates under GST classification. This code helps businesses identify Other Nitrates correctly for billing, taxation, and trade. With HSN Code 28342990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Nitrates.
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HSN Code 28342990 relates to the following description.
Description of Goods
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Other
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%
Other Nitrates 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 : Of potassium
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 : Nitrites : Sodium nitrite
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrites : Other
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Of potassium
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
India’s Exports
FY 2024-25₹57 Cr
0.0016% of India’s total exports
India’s Imports
FY 2024-25₹34 Cr
0.0006% of India’s total imports
Trade Balance
FY 2024-25₹24 Cr
Surplus rank #2709 of 12657 HSN codes
% of Sub-Chapter 2834
FY 2024-2524.23%
Share of Sub-Chapter 2834’s total exports in FY 2024-25
Import side: 25.92% of Sub-Chapter 2834’s imports
Rank Within Sub-Chapter 2834
FY 2024-25#2 of 7
Position by export value among HSN codes in Sub-Chapter 2834
Import-side rank: #2 of 7
At a glance
25.88%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3432
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+109.08%
Peak Growth Year
FY 2022-23 · strongest single-year move
24.23%
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
+1.14
Exports
14.45 ₹ Cr
0.0006% share
— YoY
12.81% of Sub-Ch. 2834
Imports
13.31 ₹ Cr
0.0004% share
— YoY
13.21% of Sub-Ch. 2834
Balance
+2.52
Exports
21.72 ₹ Cr
0.0010% share
+50.31% YoY
18.35% of Sub-Ch. 2834
Imports
19.20 ₹ Cr
0.0006% share
+44.25% YoY
20.90% of Sub-Ch. 2834
Balance
+7.42
Exports
19.20 ₹ Cr
0.0009% share
−11.60% YoY
16.88% of Sub-Ch. 2834
Imports
11.78 ₹ Cr
0.0004% share
−38.65% YoY
19.38% of Sub-Ch. 2834
Balance
+19.43
Exports
33.25 ₹ Cr
0.0011% share
+73.18% YoY
21.13% of Sub-Ch. 2834
Imports
13.82 ₹ Cr
0.0003% share
+17.32% YoY
13.57% of Sub-Ch. 2834
Balance
−10.37
Exports
69.52 ₹ Cr
0.0019% share
+109.08% YoY
23.83% of Sub-Ch. 2834
Imports
79.89 ₹ Cr
0.0014% share
+478.08% YoY
40.65% of Sub-Ch. 2834
Balance
+27.16
Exports
72.74 ₹ Cr
0.0020% share
+4.63% YoY
27.90% of Sub-Ch. 2834
Imports
45.58 ₹ Cr
0.0008% share
−42.95% YoY
42.12% of Sub-Ch. 2834
Balance
+23.65
Exports
57.48 ₹ Cr
0.0016% share
−20.98% YoY
24.23% of Sub-Ch. 2834
Imports
33.83 ₹ Cr
0.0006% share
−25.78% YoY
25.92% of Sub-Ch. 2834
CAGR · 7-Year
Exports
25.88% /yr
Imports
16.82% /yr
reference, FY 2024-25
Export
₹237.21 Cr
Import
₹130.53 Cr
Trade Balance
+106.68
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.
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.
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.
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.
India's imports under HSN Code 28342990 have grown at 16.82% CAGR, reaching ₹33.83 Crore in FY 2024-25.
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).
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 28342990 and GST compliance.
It includes 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.
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.
Under HSN 28342990, Other Nitrates attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.