HSN Code 28402010 represents Magnesium Borate under GST classification. This code helps businesses identify Magnesium Borate correctly for billing, taxation, and trade. With HSN Code 28402010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Magnesium Borate.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 28402010 relates to the following description.
Description of Goods
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Other borates : Magnesium borate
Chapter
28 - Inorganic chemicals, organic or inorganic compounds of precious metals,of rare-earth metals, of radioactive elements or of isotopes
Sub Chapter
2840 - Borates; peroxoborates (perborates)
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Magnesium Borate does not include products with the following descriptions.
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Disodium tetraborate (refined borax) : Anhydrous
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Disodium tetraborate (refined borax) : Other
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Other borates : Other
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Peroxoborates (perborates)
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Disodium tetraborate (refined borax) : Anhydrous
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Disodium tetraborate (refined borax) : Other
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Other borates : Other
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Peroxoborates (perborates)
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25−< ₹1 Crore
Surplus rank #7293 of 12657 HSN codes
% of Sub-Chapter 2840
FY 2024-250.29%
Share of Sub-Chapter 2840’s total exports in FY 2024-25
Import side: 0.03% of Sub-Chapter 2840’s imports
Rank Within Sub-Chapter 2840
FY 2024-25#5 of 5
Position by export value among HSN codes in Sub-Chapter 2840
Import-side rank: #5 of 5
At a glance
#9416
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+900.00%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.29%
Contribution to Sub-Ch. 2840
Share of Sub-Chapter 2840 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
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 2840
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 2840
Balance
+0.10
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.31% of Sub-Ch. 2840
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 2840
Balance
+0.01
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−90.91% YoY
0.02% of Sub-Ch. 2840
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 2840
Balance
−0.10
Exports
< ₹1 Crore ₹ Cr
0.0000% share
0.00% YoY
0.02% of Sub-Ch. 2840
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.02% of Sub-Ch. 2840
Balance
+0.10
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+900.00% YoY
0.12% of Sub-Ch. 2840
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 2840
Balance
−0.07
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+10.00% YoY
0.18% of Sub-Ch. 2840
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.03% of Sub-Ch. 2840
Balance
−0.06
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+81.82% YoY
0.29% of Sub-Ch. 2840
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+44.44% YoY
0.03% of Sub-Ch. 2840
reference, FY 2024-25
Export
₹68.74 Cr
Import
₹926.62 Cr
Trade Balance
−857.88
India exported ₹0.20 Crore worth of Magnesium Borate in FY 2024-25. Multi-year trend data is being compiled for this hsn code.
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.
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.
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.
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).
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 28402010 and GST compliance.
It includes 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.
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.
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.
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).