--- title: "HSN Code for Colloidal precious metals: Silver | HSN 28431020 GST Rate" description: "Find HSN and GST Rates for 28431020 related to Colloidal precious metals: Silver with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-28431020/" --- # HSN Code 28431020: Colloidal precious metals: Silver - [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 2843: Precious metal compounds](https://busy.in/hsn/sub-chapter-2843/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | MISCELLANEOUS : Colloidal precious metals : Of silver | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 28431020 ? It includes Colloidal precious metals: Silver ### Does packaging or labelling change the GST for Colloidal precious metals: Silver? 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 Colloidal precious metals: Silver? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Colloidal precious metals: Silver? Under HSN 28431020, Colloidal precious metals: Silver attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Colloidal precious metals: Silver is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Colloidal precious metals: Silver; Nil for exempt items if applicable). ### Any common misclassification issue with Colloidal precious metals: Silver? 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 28431020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−17.65% YoY) — 0.0000% of India's total exports - Imports: ₹5 Cr (−55.63% YoY) — 0.0001% of India's total imports - Trade balance: −₹5 Cr (Deficit); surplus rank #8567 of 12657 HSN codes - Share of Sub-Chapter 2843: 0.05% of its exports; import side 0.02% - Rank within Sub-Chapter 2843: #7 of 10 by export value; import-side #8 ### Key metrics - Export CAGR: -18.56% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9607 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +25.00% in FY 2019-20 - Contribution to Sub-Ch. 2843: 0.05% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 28431020 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. 2843 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2843 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.09% | < ₹1 Crore | 0.0000% | — | 0.01% | +0.31 | #8208 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +25.00% | 0.08% | < ₹1 Crore | 0.0000% | −29.41% | 0.00% | +0.48 | #8058 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −23.33% | 0.10% | 1.37 | 0.0000% | +1,041.67% | 0.01% | −0.91 | #8300 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +2.17% | 0.25% | 40.96 | 0.0009% | +2,889.78% | 0.30% | −40.49 | #8620 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −70.21% | 0.04% | 20.07 | 0.0003% | −51.00% | 0.12% | −19.93 | #9481 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +21.43% | 0.02% | 10.57 | 0.0002% | −47.33% | 0.08% | −10.40 | #9527 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −17.65% | 0.05% | 4.69 | 0.0001% | −55.63% | 0.02% | −4.55 | #9607 | - CAGR (7-year): exports -18.56%/yr, imports 73.83%/yr (consistently Deficit) ## Key trade insights: HSN Code 28431020 export-import analysis ### Export decline: -18.56% CAGR over 7 years India's exports under HSN Code 28431020 have declined at a compound annual rate of -18.56% over 7 fiscal years, falling from ₹0.48 Crore in FY 2018-19 to ₹0.14 Crore in FY 2024-25. ### HSN Code 28431020 ranked #9607 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 28431020 ranks #9607 out of 12657 HSN codes by total export value. Within Sub-Chapter 2843, it ranks #7 of 10. By trade surplus, it ranks #8567 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 28431020 exports The strongest single-year export movement for HSN Code 28431020 was recorded in FY 2019-20, when exports surged by 25.00% over the prior year. ### India records a trade deficit of ₹4.55 Crore in HSN Code 28431020 goods In FY 2024-25, India's imports of ₹4.69 Cr exceeded exports of ₹0.14 Cr, resulting in a trade deficit of ₹4.55 Crore — ranking #8567 of 12657 by surplus magnitude. ### Import growth of 73.83% CAGR signals rising demand for Colloidal precious metals: Silver India's imports under HSN Code 28431020 have grown at 73.83% CAGR, reaching ₹4.69 Crore in FY 2024-25. ### HSN Code 28431020 contributes 0.05% of Sub-Chapter 2843 exports — ranked #7 Among the 10 HSN codes under Sub-Chapter 2843, HSN Code 28431020 ranks #7 by export value — accounting for 0.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #8). ## Related HSN Codes in Sub-Chapter 2843 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 28439012: Noble metal solutions of platinum, rhodium, and palladium](https://busy.in/hsn/hsn-28439012/) | ₹94 Cr | | #2 | [HSN Code 28431090: Other Colloidal Metals](https://busy.in/hsn/hsn-28431090/) | ₹80 Cr | | #3 | [HSN Code 28439019: Other compounds](https://busy.in/hsn/hsn-28439019/) | ₹69 Cr | | #4 | [HSN Code 28432900: Miscellaneous \| Other](https://busy.in/hsn/hsn-28432900/) | ₹11 Cr | | #5 | [HSN Code 28432100: MISCELLANEOUS : Silver compounds : Silver nitrate](https://busy.in/hsn/hsn-28432100/) | ₹5 Cr | | #6 | [HSN Code 28433000: Miscellaneous \| Gold Compounds](https://busy.in/hsn/hsn-28433000/) | < ₹1 Crore | | #7 | HSN Code 28431020: Colloidal precious metals: Silver (this hsn code) | < ₹1 Crore | | — | [HSN Code 28431010: Colloidal Gold](https://busy.in/hsn/hsn-28431010/) | Nil | | — | [HSN Code 28439011: Sodium aurous thiosulphate](https://busy.in/hsn/hsn-28439011/) | Nil | | — | [HSN Code 28439020: Amalgams](https://busy.in/hsn/hsn-28439020/) | Nil |