--- title: "HSN Code for Peroxoborates | HSN 28403000 GST Rate" description: "Find HSN and GST Rates for 28403000 related to Peroxoborates with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-28403000/" --- # HSN Code 28403000: Peroxoborates - [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 : Peroxoborates (perborates) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 28403000 ? It includes Peroxoborates ### Any common misclassification issue with Peroxoborates? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Peroxoborates? 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 Peroxoborates? Under HSN 28403000, Peroxoborates attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Peroxoborates is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Peroxoborates; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Peroxoborates? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Peroxoborates? 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. ## India's trade performance: HSN Code 28403000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹3 Cr (+24.31% YoY) — 0.0001% of India's total exports - Imports: ₹12 Cr (−2.59% YoY) — 0.0002% of India's total imports - Trade balance: −₹9 Cr (Deficit); surplus rank #8990 of 12657 HSN codes - Share of Sub-Chapter 2840: 4.61% of its exports; import side 1.30% - Rank within Sub-Chapter 2840: #3 of 5 by export value; import-side #4 ### Key metrics - Export CAGR: 10.73% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7136 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +36.25% in FY 2020-21 - Contribution to Sub-Ch. 2840: 4.61% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 28403000 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 | 1.72 | 0.0001% | — | 7.28% | 8.16 | 0.0002% | — | 2.22% | −6.44 | #7110 | | FY 2019-20 | 1.60 | 0.0001% | −6.98% | 4.53% | 9.27 | 0.0003% | +13.60% | 2.66% | −7.67 | #7151 | | FY 2020-21 | 2.18 | 0.0001% | +36.25% | 5.33% | 8.01 | 0.0003% | −13.59% | 1.90% | −5.83 | #6882 | | FY 2021-22 | 1.90 | 0.0001% | −12.84% | 2.91% | 10.28 | 0.0002% | +28.34% | 2.03% | −8.38 | #7381 | | FY 2022-23 | 2.24 | 0.0001% | +17.89% | 2.76% | 11.40 | 0.0002% | +10.89% | 1.57% | −9.16 | #7312 | | FY 2023-24 | 2.55 | 0.0001% | +13.84% | 4.10% | 12.36 | 0.0002% | +8.42% | 1.73% | −9.81 | #7310 | | FY 2024-25 | 3.17 | 0.0001% | +24.31% | 4.61% | 12.04 | 0.0002% | −2.59% | 1.30% | −8.87 | #7136 | - CAGR (7-year): exports 10.73%/yr, imports 6.70%/yr (consistently Deficit) ## Key trade insights: HSN Code 28403000 export-import analysis ### Consistent export growth: 10.73% CAGR over 7 years India's exports under HSN Code 28403000 have grown at a compound annual rate of 10.73% over 7 fiscal years, rising from ₹1.72 Crore in FY 2018-19 to ₹3.17 Crore in FY 2024-25. ### HSN Code 28403000 ranked #7136 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 28403000 ranks #7136 out of 12657 HSN codes by total export value. Within Sub-Chapter 2840, it ranks #3 of 5. By trade surplus, it ranks #8990 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 28403000 exports The strongest single-year export movement for HSN Code 28403000 was recorded in FY 2020-21, when exports surged by 36.25% over the prior year. ### India records a trade deficit of ₹8.87 Crore in HSN Code 28403000 goods In FY 2024-25, India's imports of ₹12.04 Cr exceeded exports of ₹3.17 Cr, resulting in a trade deficit of ₹8.87 Crore — ranking #8990 of 12657 by surplus magnitude. ### Import growth of 6.70% CAGR signals stable import dependency for Peroxoborates India's imports under HSN Code 28403000 have grown at 6.70% CAGR, reaching ₹12.04 Crore in FY 2024-25. ### HSN Code 28403000 contributes 4.61% of Sub-Chapter 2840 exports — ranked #3 Among the 5 HSN codes under Sub-Chapter 2840, HSN Code 28403000 ranks #3 by export value — accounting for 4.61% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.30% share (rank #4). ## 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 (this hsn code) | ₹3 Cr | | #4 | [HSN Code 28401100: Anhydrous Refined Borax](https://busy.in/hsn/hsn-28401100/) | ₹2 Cr | | #5 | [HSN Code 28402010: Magnesium Borate](https://busy.in/hsn/hsn-28402010/) | < ₹1 Crore |