HSN Code 28431090: Other Colloidal Metals

HSN Code 28431090 represents Other Colloidal Metals under GST classification. This code helps businesses identify Other Colloidal Metals correctly for billing, taxation, and trade. With HSN Code 28431090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Colloidal Metals.

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Description of Goods for HSN Code 28431090

HSN Code 28431090 relates to the following description.

Description of Goods

MISCELLANEOUS : Colloidal precious metals : Other

Chapter

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

Sub Chapter

2843 - Colloidal precious metals; inorganic or organic compounds of precious metals,whether or not chemically defined; amalgams of precious metals

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 28431090 not include?

Other Colloidal Metals does not include products with the following descriptions.

HSN Code 28439011

MISCELLANEOUS : Other compounds; amalgams : Other compounds : Sodium aurous thiosulphate

HSN Code 28439012

MISCELLANEOUS : Other compounds; amalgams : Other compounds : Noble metal solutions of platinum, rhodium and palladium

India’s Trade Performance — HSN Code 28431090 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

₹80 Cr

+149.38% vs FY 2023-24

0.0022% of India’s total exports

India’s Imports

FY 2024-25

₹8 Cr

+218.22% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹72 Cr

Trade Surplus

Surplus rank #1865 of 12657 HSN codes

% of Sub-Chapter 2843

FY 2024-25

30.78%

Share of Sub-Chapter 2843’s total exports in FY 2024-25

Import side: 0.03% of Sub-Chapter 2843’s imports

Rank Within Sub-Chapter 2843

FY 2024-25

#2 of 10

Position by export value among HSN codes in Sub-Chapter 2843

Import-side rank: #7 of 10

At a glance

150.94%

Export CAGR

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

#2971

National Export Rank

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

+890.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

30.78%

Contribution to Sub-Ch. 2843

Share of Sub-Chapter 2843 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 28431090

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 #8491

Balance

−0.45

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.06% of Sub-Ch. 2843

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 2843

FY 2019-20 Exp. Rank #8373

Balance

−0.79

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+25.00% YoY

0.05% of Sub-Ch. 2843

Imports

1.19 ₹ Cr

0.0000% share

+54.55% YoY

0.02% of Sub-Ch. 2843

FY 2020-21 Exp. Rank #6207

Balance

+1.64

Exports

3.96 ₹ Cr

0.0002% share

+890.00% YoY

0.88% of Sub-Ch. 2843

Imports

2.32 ₹ Cr

0.0001% share

+94.96% YoY

0.02% of Sub-Ch. 2843

FY 2021-22 Exp. Rank #5409

Balance

−1.87

Exports

10.58 ₹ Cr

0.0003% share

+167.17% YoY

5.54% of Sub-Ch. 2843

Imports

12.45 ₹ Cr

0.0003% share

+436.64% YoY

0.09% of Sub-Ch. 2843

FY 2022-23 Exp. Rank #4876

Balance

+9.31

Exports

17.11 ₹ Cr

0.0005% share

+61.72% YoY

4.55% of Sub-Ch. 2843

Imports

7.80 ₹ Cr

0.0001% share

−37.35% YoY

0.05% of Sub-Ch. 2843

FY 2023-24 Exp. Rank #4150

Balance

+29.46

Exports

32.04 ₹ Cr

0.0009% share

+87.26% YoY

4.09% of Sub-Ch. 2843

Imports

2.58 ₹ Cr

0.0000% share

−66.92% YoY

0.02% of Sub-Ch. 2843

FY 2024-25 Exp. Rank #2971

Balance

+71.69

Exports

79.90 ₹ Cr

0.0022% share

+149.38% YoY

30.78% of Sub-Ch. 2843

Imports

8.21 ₹ Cr

0.0001% share

+218.22% YoY

0.03% of Sub-Ch. 2843

CAGR · 7-Year

Exports

150.94% /yr

Imports

48.36% /yr

Consistently Surplus
Sub-Chapter 2843 total

reference, FY 2024-25

Export

₹259.55 Cr

Import

₹29,829.96 Cr

Trade Balance

−29,570.41

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

Key Trade Insights: HSN Code 28431090 Export-Import Analysis

Consistent Export Growth: 150.94% CAGR Over 7 Years

India's exports under HSN Code 28431090 have grown at a compound annual rate of 150.94% over 7 fiscal years, rising from ₹0.32 Crore in FY 2018-19 to ₹79.90 Crore in FY 2024-25.

HSN Code 28431090 Ranked #2971 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 28431090 ranks #2971 out of 12657 HSN codes by total export value. Within Sub-Chapter 2843, it ranks #2 of 10. By trade surplus, it ranks #1865 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 28431090 Exports

The strongest single-year export movement for HSN Code 28431090 was recorded in FY 2020-21, when exports surged by 890.00% over the prior year.

India Maintains a Trade Surplus of ₹71.69 Crore in HSN Code 28431090 Goods

In FY 2024-25, India's exports of ₹79.90 Cr exceeded imports of ₹8.21 Cr, resulting in a trade surplus of ₹71.69 Crore — ranking #1865 of 12657 by surplus magnitude.

Import Growth of 48.36% CAGR Signals Rising Demand for Other Colloidal Metals

India's imports under HSN Code 28431090 have grown at 48.36% CAGR, reaching ₹8.21 Crore in FY 2024-25.

HSN Code 28431090 Contributes 30.78% of Sub-Chapter 2843 Exports — Ranked #2

Among the 10 HSN codes under Sub-Chapter 2843, HSN Code 28431090 ranks #2 by export value — accounting for 30.78% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 28431090 and GST compliance.

What products are classified under HSN 28431090 ?

It includes Other Colloidal Metals

How much GST applies to Other Colloidal Metals?

Under HSN 28431090, Other Colloidal Metals attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Other Colloidal Metals is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Colloidal Metals; Nil for exempt items if applicable).

Any common misclassification issue with Other Colloidal Metals?

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 Other Colloidal Metals?

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.

Does packaging or labelling change the GST for Other Colloidal Metals?

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.

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.