--- title: "HSN Code for Sodium Molybdate | HSN 28417020 GST Rate" description: "Find HSN and GST Rates for 28417020 related to Sodium Molybdate with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-28417020/" --- # HSN Code 28417020: Sodium Molybdate - [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 2841: Salts of oxometallic acids](https://busy.in/hsn/sub-chapter-2841/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Salts and peroxysalts, of inorganic acids and metals : Molybdates : Sodium molybdate | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 28417020 ? It includes Sodium Molybdate ### How much GST applies to Sodium Molybdate? Under HSN 28417020, Sodium Molybdate attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Sodium Molybdate? 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 should mixed supplies be billed when Sodium Molybdate is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Sodium Molybdate; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Sodium Molybdate? 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 Sodium Molybdate? 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 Sodium Molybdate? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 28417020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹266 Cr (−0.16% YoY) — 0.0072% of India's total exports - Imports: < ₹1 Crore (−37.88% YoY) — 0.0000% of India's total imports - Trade balance: ₹265 Cr (Surplus); surplus rank #984 of 12657 HSN codes - Share of Sub-Chapter 2841: 41.62% of its exports; import side 0.10% - Rank within Sub-Chapter 2841: #1 of 16 by export value; import-side #8 ### Key metrics - Export CAGR: 20.23% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1568 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +110.93% in FY 2021-22 - Contribution to Sub-Ch. 2841: 41.62% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 28417020 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. 2841 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2841 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 88.02 | 0.0039% | — | 28.60% | < ₹1 Crore | 0.0000% | — | 0.13% | +87.72 | #2160 | | FY 2019-20 | 101.50 | 0.0046% | +15.31% | 37.89% | < ₹1 Crore | 0.0000% | +173.33% | 0.42% | +100.68 | #2008 | | FY 2020-21 | 103.59 | 0.0048% | +2.06% | 44.43% | < ₹1 Crore | 0.0000% | −19.51% | 0.34% | +102.93 | #2026 | | FY 2021-22 | 218.50 | 0.0070% | +110.93% | 47.18% | 1.01 | 0.0000% | +53.03% | 0.45% | +217.49 | #1563 | | FY 2022-23 | 222.90 | 0.0062% | +2.01% | 42.64% | 2.07 | 0.0000% | +104.95% | 1.14% | +220.83 | #1622 | | FY 2023-24 | 266.32 | 0.0074% | +19.48% | 43.72% | < ₹1 Crore | 0.0000% | −68.12% | 0.18% | +265.66 | #1489 | | FY 2024-25 | 265.89 | 0.0072% | −0.16% | 41.62% | < ₹1 Crore | 0.0000% | −37.88% | 0.10% | +265.48 | #1568 | - CAGR (7-year): exports 20.23%/yr, imports 5.34%/yr (consistently Surplus) ## Key trade insights: HSN Code 28417020 export-import analysis ### Consistent export growth: 20.23% CAGR over 7 years India's exports under HSN Code 28417020 have grown at a compound annual rate of 20.23% over 7 fiscal years, rising from ₹88.02 Crore in FY 2018-19 to ₹265.89 Crore in FY 2024-25. ### HSN Code 28417020 ranked #1568 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 28417020 ranks #1568 out of 12657 HSN codes by total export value. Within Sub-Chapter 2841, it ranks #1 of 16. By trade surplus, it ranks #984 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 28417020 exports The strongest single-year export movement for HSN Code 28417020 was recorded in FY 2021-22, when exports surged by 110.93% over the prior year. ### India maintains a trade surplus of ₹265.48 Crore in HSN Code 28417020 goods In FY 2024-25, India's exports of ₹265.89 Cr exceeded imports of ₹0.41 Cr, resulting in a trade surplus of ₹265.48 Crore — ranking #984 of 12657 by surplus magnitude. ### Import growth of 5.34% CAGR signals stable import dependency for Sodium Molybdate India's imports under HSN Code 28417020 have grown at 5.34% CAGR, reaching ₹0.41 Crore in FY 2024-25. ### HSN Code 28417020 contributes 41.62% of Sub-Chapter 2841 exports — ranked #1 Among the 16 HSN codes under Sub-Chapter 2841, HSN Code 28417020 ranks #1 by export value — accounting for 41.62% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.10% share (rank #8). ## Related HSN Codes in Sub-Chapter 2841 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 28417020: Sodium Molybdate (this hsn code) | ₹266 Cr | | #2 | [HSN Code 28416100: Potassium Permanganate Salts](https://busy.in/hsn/hsn-28416100/) | ₹126 Cr | | #3 | [HSN Code 28417090: Salts & Peroxysalts: Molybdates - Other](https://busy.in/hsn/hsn-28417090/) | ₹67 Cr | | #4 | [HSN Code 28418010: Sodium Tungstate](https://busy.in/hsn/hsn-28418010/) | ₹60 Cr | | #5 | [HSN Code 28416900: Other Manganites, Manganates & Permanganates](https://busy.in/hsn/hsn-28416900/) | ₹48 Cr | | #6 | [HSN Code 28418090: Other Tungstates](https://busy.in/hsn/hsn-28418090/) | ₹24 Cr | | #7 | [HSN Code 28415090: Other Chromates/Dichromates](https://busy.in/hsn/hsn-28415090/) | ₹21 Cr | | #8 | [HSN Code 28419000: Other Salts](https://busy.in/hsn/hsn-28419000/) | ₹21 Cr | | #9 | [HSN Code 28413000: Sodium Dichromate: Salts & Peroxysalts of Inorganic Acids](https://busy.in/hsn/hsn-28413000/) | ₹7 Cr | | #10 | [HSN Code 28415010: Sodium Chromate](https://busy.in/hsn/hsn-28415010/) | < ₹1 Crore |