HSN Code 28417020: Sodium Molybdate

HSN Code 28417020 represents Sodium Molybdate under GST classification. This code helps businesses identify Sodium Molybdate correctly for billing, taxation, and trade. With HSN Code 28417020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Sodium Molybdate.

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Description of Goods for HSN Code 28417020

HSN Code 28417020 relates to the following description.

Description of Goods

Salts and peroxysalts, of inorganic acids and metals : Molybdates : Sodium molybdate

Chapter

28 - Inorganic chemicals, organic or inorganic compounds of precious metals,of rare-earth metals, of radioactive elements or of isotopes

Sub Chapter

2841 - Salts of oxometallic or peroxometallic acids

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 28417020 not include?

Sodium Molybdate does not include products with the following descriptions.

Salts of oxometallic or peroxometallic acids - aluminates : sodium aluminate

Salts of oxometallic or peroxometallic acids - chromates of zinc or of lead : chromates of zinc

Salts of oxometallic or peroxometallic acids - chromates of zinc or of lead : chromates of lead

Salts and peroxysalts, of inorganic acids and metals : Other chromates and dichromates; peroxochromates : Sodium chromate

Salts and peroxysalts, of inorganic acids and metals : Other chromates and dichromates; peroxochromates : Other

Salts and peroxysalts, of inorganic acids and metals : Manganites, manganates and permanganates : Potassium permanganate

Salts and peroxysalts, of inorganic acids and metals : Manganites, manganates and permanganates : Other

Salts and peroxysalts, of inorganic acids and metals : Molybdates : Aluminium molybdate

Salts and peroxysalts, of inorganic acids and metals : Tungstates (wolframates) : Sodium tungstate

Salts and peroxysalts, of inorganic acids and metals : Tungstates (wolframates) : Magnesium tungstate

Salts and peroxysalts, of inorganic acids and metals : Tungstates (wolframates) : Other

India’s Trade Performance — HSN Code 28417020 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹266 Cr

−0.16% vs FY 2023-24

0.0072% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−37.88% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹265 Cr

Trade Surplus

Surplus rank #984 of 12657 HSN codes

% of Sub-Chapter 2841

FY 2024-25

41.62%

Share of Sub-Chapter 2841’s total exports in FY 2024-25

Import side: 0.10% of Sub-Chapter 2841’s imports

Rank Within Sub-Chapter 2841

FY 2024-25

#1 of 16

Position by export value among HSN codes in Sub-Chapter 2841

Import-side rank: #8 of 16

At a glance

20.23%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#1568

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+110.93%

Peak Growth Year

FY 2021-22 · strongest single-year move

41.62%

Contribution to Sub-Ch. 2841

Share of Sub-Chapter 2841 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #2160

Balance

+87.72

Exports

88.02 ₹ Cr

0.0039% share

YoY

28.60% of Sub-Ch. 2841

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.13% of Sub-Ch. 2841

FY 2019-20 Exp. Rank #2008

Balance

+100.68

Exports

101.50 ₹ Cr

0.0046% share

+15.31% YoY

37.89% of Sub-Ch. 2841

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+173.33% YoY

0.42% of Sub-Ch. 2841

FY 2020-21 Exp. Rank #2026

Balance

+102.93

Exports

103.59 ₹ Cr

0.0048% share

+2.06% YoY

44.43% of Sub-Ch. 2841

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−19.51% YoY

0.34% of Sub-Ch. 2841

FY 2021-22 Exp. Rank #1563

Balance

+217.49

Exports

218.50 ₹ Cr

0.0070% share

+110.93% YoY

47.18% of Sub-Ch. 2841

Imports

1.01 ₹ Cr

0.0000% share

+53.03% YoY

0.45% of Sub-Ch. 2841

FY 2022-23 Exp. Rank #1622

Balance

+220.83

Exports

222.90 ₹ Cr

0.0062% share

+2.01% YoY

42.64% of Sub-Ch. 2841

Imports

2.07 ₹ Cr

0.0000% share

+104.95% YoY

1.14% of Sub-Ch. 2841

FY 2023-24 Exp. Rank #1489

Balance

+265.66

Exports

266.32 ₹ Cr

0.0074% share

+19.48% YoY

43.72% of Sub-Ch. 2841

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−68.12% YoY

0.18% of Sub-Ch. 2841

FY 2024-25 Exp. Rank #1568

Balance

+265.48

Exports

265.89 ₹ Cr

0.0072% share

−0.16% YoY

41.62% of Sub-Ch. 2841

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−37.88% YoY

0.10% of Sub-Ch. 2841

CAGR · 7-Year

Exports

20.23% /yr

Imports

5.34% /yr

Consistently Surplus
Sub-Chapter 2841 total

reference, FY 2024-25

Export

₹638.83 Cr

Import

₹417.33 Cr

Trade Balance

+221.50

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 28417020 and GST compliance.

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.