--- title: "HSN Code for MISCELLANEOUS : Silver compounds : Silver nitrate | HSN 28432100 GST Rate" description: "Find HSN and GST Rates for 28432100 related to MISCELLANEOUS : Silver compounds : Silver nitrate with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-28432100/" --- # HSN Code 28432100: MISCELLANEOUS : Silver compounds : Silver nitrate - [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 : Silver compounds : Silver nitrate | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 28432100 ? It includes MISCELLANEOUS : Silver compounds : Silver nitrate ### Do e‑way bill and e‑invoice apply for MISCELLANEOUS : Silver compounds : Silver nitrate? 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 MISCELLANEOUS : Silver compounds : Silver nitrate is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for MISCELLANEOUS : Silver compounds : Silver nitrate; Nil for exempt items if applicable). ### How much GST applies to MISCELLANEOUS : Silver compounds : Silver nitrate? Under HSN 28432100, MISCELLANEOUS : Silver compounds : Silver nitrate attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade MISCELLANEOUS : Silver compounds : Silver nitrate? 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 MISCELLANEOUS : Silver compounds : Silver nitrate? 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. ### Any common misclassification issue with MISCELLANEOUS : Silver compounds : Silver nitrate? 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 28432100 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹5 Cr (+39.27% YoY) — 0.0001% of India's total exports - Imports: ₹95 Cr (+303.73% YoY) — 0.0016% of India's total imports - Trade balance: −₹90 Cr (Deficit); surplus rank #10721 of 12657 HSN codes - Share of Sub-Chapter 2843: 1.90% of its exports; import side 0.32% - Rank within Sub-Chapter 2843: #5 of 10 by export value; import-side #4 ### Key metrics - Export CAGR: 17.43% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6624 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +201.60% in FY 2022-23 - Contribution to Sub-Ch. 2843: 1.90% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 28432100 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 | 1.88 | 0.0001% | — | 0.36% | 20.40 | 0.0006% | — | 1.04% | −18.52 | #7021 | | FY 2019-20 | 4.03 | 0.0002% | +114.36% | 0.53% | 16.21 | 0.0005% | −20.54% | 0.32% | −12.18 | #6110 | | FY 2020-21 | 1.70 | 0.0001% | −57.82% | 0.38% | 24.76 | 0.0008% | +52.75% | 0.23% | −23.06 | #7160 | | FY 2021-22 | 1.87 | 0.0001% | +10.00% | 0.98% | 40.37 | 0.0009% | +63.05% | 0.30% | −38.50 | #7400 | | FY 2022-23 | 5.64 | 0.0002% | +201.60% | 1.50% | 33.87 | 0.0006% | −16.10% | 0.21% | −28.23 | #6332 | | FY 2023-24 | 3.54 | 0.0001% | −37.23% | 0.45% | 23.59 | 0.0004% | −30.35% | 0.18% | −20.05 | #6964 | | FY 2024-25 | 4.93 | 0.0001% | +39.27% | 1.90% | 95.24 | 0.0016% | +303.73% | 0.32% | −90.31 | #6624 | - CAGR (7-year): exports 17.43%/yr, imports 29.28%/yr (consistently Deficit) ## Key trade insights: HSN Code 28432100 export-import analysis ### Consistent export growth: 17.43% CAGR over 7 years India's exports under HSN Code 28432100 have grown at a compound annual rate of 17.43% over 7 fiscal years, rising from ₹1.88 Crore in FY 2018-19 to ₹4.93 Crore in FY 2024-25. ### HSN Code 28432100 ranked #6624 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 28432100 ranks #6624 out of 12657 HSN codes by total export value. Within Sub-Chapter 2843, it ranks #5 of 10. By trade surplus, it ranks #10721 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 28432100 exports The strongest single-year export movement for HSN Code 28432100 was recorded in FY 2022-23, when exports surged by 201.60% over the prior year. ### India records a trade deficit of ₹90.31 Crore in HSN Code 28432100 goods In FY 2024-25, India's imports of ₹95.24 Cr exceeded exports of ₹4.93 Cr, resulting in a trade deficit of ₹90.31 Crore — ranking #10721 of 12657 by surplus magnitude. ### Import growth of 29.28% CAGR signals rising demand for MISCELLANEOUS : Silver compounds : Silver nitrate India's imports under HSN Code 28432100 have grown at 29.28% CAGR, reaching ₹95.24 Crore in FY 2024-25. ### HSN Code 28432100 contributes 1.90% of Sub-Chapter 2843 exports — ranked #5 Among the 10 HSN codes under Sub-Chapter 2843, HSN Code 28432100 ranks #5 by export value — accounting for 1.90% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.32% share (rank #4). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-28431020/) | < ₹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 |