--- title: "HSN Code for Potassium Ferricyanides | HSN 28372020 GST Rate" description: "Find HSN and GST Rates for 28372020 related to Potassium Ferricyanides with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-28372020/" --- # HSN Code 28372020: Potassium Ferricyanides - [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 2837: Cyanides, cyanide oxides, complexes](https://busy.in/hsn/sub-chapter-2837/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Complex cyanides : Potassium ferricyanides | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 28372020 ? It includes Potassium Ferricyanides ### How should mixed supplies be billed when Potassium Ferricyanides is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Potassium Ferricyanides; Nil for exempt items if applicable). ### Any common misclassification issue with Potassium Ferricyanides? 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 Potassium Ferricyanides? 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. ### Can we claim ITC on inputs used to trade Potassium Ferricyanides? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Potassium Ferricyanides? 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. ## India's trade performance: HSN Code 28372020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+42.98% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (−54.55% YoY) — 0.0000% of India's total imports - Trade balance: ₹2 Cr (Surplus); surplus rank #4322 of 12657 HSN codes - Share of Sub-Chapter 2837: 1.42% of its exports; import side 0.03% - Rank within Sub-Chapter 2837: #4 of 10 by export value; import-side #9 ### Key metrics - Export CAGR: 27.47% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7780 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +294.74% in FY 2019-20 - Contribution to Sub-Ch. 2837: 1.42% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 28372020 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. 2837 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2837 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 1.65% | < ₹1 Crore | 0.0000% | — | 0.18% | +0.06 | #8380 | | FY 2019-20 | 1.50 | 0.0001% | +294.74% | 3.47% | < ₹1 Crore | 0.0000% | +34.38% | 0.13% | +1.07 | #7221 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −62.67% | 9.17% | < ₹1 Crore | 0.0000% | −23.26% | 0.12% | +0.23 | #8154 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −32.14% | 3.17% | < ₹1 Crore | 0.0000% | −81.82% | 0.03% | +0.32 | #8765 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +131.58% | 1.80% | < ₹1 Crore | 0.0000% | +800.00% | 0.23% | +0.34 | #8221 | | FY 2023-24 | 1.14 | 0.0000% | +29.55% | 1.56% | < ₹1 Crore | 0.0000% | −79.63% | 0.06% | +1.03 | #8129 | | FY 2024-25 | 1.63 | 0.0000% | +42.98% | 1.42% | < ₹1 Crore | 0.0000% | −54.55% | 0.03% | +1.58 | #7780 | - CAGR (7-year): exports 27.47%/yr, imports -26.61%/yr (consistently Surplus) ## Key trade insights: HSN Code 28372020 export-import analysis ### Consistent export growth: 27.47% CAGR over 7 years India's exports under HSN Code 28372020 have grown at a compound annual rate of 27.47% over 7 fiscal years, rising from ₹0.38 Crore in FY 2018-19 to ₹1.63 Crore in FY 2024-25. ### HSN Code 28372020 ranked #7780 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 28372020 ranks #7780 out of 12657 HSN codes by total export value. Within Sub-Chapter 2837, it ranks #4 of 10. By trade surplus, it ranks #4322 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 28372020 exports The strongest single-year export movement for HSN Code 28372020 was recorded in FY 2019-20, when exports surged by 294.74% over the prior year. ### India maintains a trade surplus of ₹1.58 Crore in HSN Code 28372020 goods In FY 2024-25, India's exports of ₹1.63 Cr exceeded imports of ₹0.05 Cr, resulting in a trade surplus of ₹1.58 Crore — ranking #4322 of 12657 by surplus magnitude. ### Import growth of -26.61% CAGR signals stable import dependency for Potassium Ferricyanides India's imports under HSN Code 28372020 have grown at -26.61% CAGR, reaching ₹0.05 Crore in FY 2024-25. ### HSN Code 28372020 contributes 1.42% of Sub-Chapter 2837 exports — ranked #4 Among the 10 HSN codes under Sub-Chapter 2837, HSN Code 28372020 ranks #4 by export value — accounting for 1.42% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #9). ## Related HSN Codes in Sub-Chapter 2837 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 28371100: Sodium Cyanide](https://busy.in/hsn/hsn-28371100/) | ₹105 Cr | | #2 | [HSN Code 28372090: Other Complex Cyanides](https://busy.in/hsn/hsn-28372090/) | ₹3 Cr | | #3 | [HSN Code 28372050: Sodium Nitroprusside](https://busy.in/hsn/hsn-28372050/) | ₹3 Cr | | #4 | HSN Code 28372020: Potassium Ferricyanides (this hsn code) | ₹2 Cr | | #5 | [HSN Code 28372030: Potassium Ferrocyanide](https://busy.in/hsn/hsn-28372030/) | < ₹1 Crore | | #6 | [HSN Code 28371990: Other Cyanides](https://busy.in/hsn/hsn-28371990/) | < ₹1 Crore | | #7 | [HSN Code 28372040: Sodium Ferrocyanide](https://busy.in/hsn/hsn-28372040/) | < ₹1 Crore | | #8 | [HSN Code 28372010: Ammonium Sulphocyanide](https://busy.in/hsn/hsn-28372010/) | < ₹1 Crore | | — | [HSN Code 28371910: Potassium Cyanide](https://busy.in/hsn/hsn-28371910/) | Nil | | — | [HSN Code 28371920: Potassium Sodium Cyanide](https://busy.in/hsn/hsn-28371920/) | — |