---
title: "HSN Code for Magnesium Borate | HSN 28402010 GST Rate"
description: "Find HSN and GST Rates for 28402010 related to Magnesium Borate with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-28402010/"
---

# HSN Code 28402010: Magnesium Borate

- [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 2840: Borates; peroxoborates (perborates)](https://busy.in/hsn/sub-chapter-2840/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Other borates : Magnesium borate | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 28402010 ?

It includes Magnesium Borate

### Do e‑way bill and e‑invoice apply for Magnesium Borate?

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.

### Does packaging or labelling change the GST for Magnesium Borate?

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 Magnesium Borate?

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 Magnesium Borate?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### How should mixed supplies be billed when Magnesium Borate is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Magnesium Borate; Nil for exempt items if applicable).

## India's trade performance: HSN Code 28402010 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: < ₹1 Crore (+81.82% YoY) — 0.0000% of India's total exports
- Imports: < ₹1 Crore (+44.44% YoY) — 0.0000% of India's total imports
- Trade balance: −< ₹1 Crore (Deficit); surplus rank #7293 of 12657 HSN codes
- Share of Sub-Chapter 2840: 0.29% of its exports; import side 0.03%
- Rank within Sub-Chapter 2840: #5 of 5 by export value; import-side #5

### Key metrics

- National export rank: #9416 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +900.00% in FY 2022-23
- Contribution to Sub-Ch. 2840: 0.29% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 28402010

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. 2840 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2840 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — |
| FY 2019-20 | < ₹1 Crore | 0.0000% | — | 0.31% | < ₹1 Crore | 0.0000% | — | 0.00% | +0.10 | #9131 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | −90.91% | 0.02% | Nil | 0.0000% | −100.00% | 0.00% | +0.01 | #9985 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | 0.00% | 0.02% | < ₹1 Crore | 0.0000% | — | 0.02% | −0.10 | #10198 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | +900.00% | 0.12% | Nil | 0.0000% | −100.00% | 0.00% | +0.10 | #9640 |
| FY 2023-24 | < ₹1 Crore | 0.0000% | +10.00% | 0.18% | < ₹1 Crore | 0.0000% | — | 0.03% | −0.07 | #9729 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | +81.82% | 0.29% | < ₹1 Crore | 0.0000% | +44.44% | 0.03% | −0.06 | #9416 |

## Key trade insights: HSN Code 28402010 export-import analysis

### Export snapshot for HSN Code 28402010

India exported ₹0.20 Crore worth of Magnesium Borate in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

### HSN Code 28402010 ranked #9416 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 28402010 ranks #9416 out of 12657 HSN codes by total export value. Within Sub-Chapter 2840, it ranks #5 of 5. By trade surplus, it ranks #7293 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 28402010 exports

The strongest single-year export movement for HSN Code 28402010 was recorded in FY 2022-23, when exports surged by 900.00% over the prior year.

### India records a trade deficit of ₹0.06 Crore in HSN Code 28402010 goods

In FY 2024-25, India's imports of ₹0.26 Cr exceeded exports of ₹0.20 Cr, resulting in a trade deficit of ₹0.06 Crore — ranking #7293 of 12657 by surplus magnitude.

### HSN Code 28402010 contributes 0.29% of Sub-Chapter 2840 exports — ranked #5

Among the 5 HSN codes under Sub-Chapter 2840, HSN Code 28402010 ranks #5 by export value — accounting for 0.29% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #5).

## Related HSN Codes in Sub-Chapter 2840

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 28402090: Other Borates](https://busy.in/hsn/hsn-28402090/) | ₹50 Cr |
| #2 | [HSN Code 28401900: Other Disodium Tetraborate](https://busy.in/hsn/hsn-28401900/) | ₹13 Cr |
| #3 | [HSN Code 28403000: Peroxoborates](https://busy.in/hsn/hsn-28403000/) | ₹3 Cr |
| #4 | [HSN Code 28401100: Anhydrous Refined Borax](https://busy.in/hsn/hsn-28401100/) | ₹2 Cr |
| #5 | HSN Code 28402010: Magnesium Borate (this hsn code) | < ₹1 Crore |