HSN Code 28432100: MISCELLANEOUS : Silver compounds : Silver nitrate

HSN Code 28432100 represents MISCELLANEOUS : Silver compounds : Silver nitrate under GST classification. This code helps businesses identify MISCELLANEOUS : Silver compounds : Silver nitrate correctly for billing, taxation, and trade. With HSN Code 28432100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of MISCELLANEOUS : Silver compounds : Silver nitrate.

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Description of Goods for HSN Code 28432100

HSN Code 28432100 relates to the following description.

Description of Goods

MISCELLANEOUS : Silver compounds : Silver nitrate

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 28432100 not include?

MISCELLANEOUS : Silver compounds : Silver nitrate 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 28432100 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

₹5 Cr

+39.27% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹95 Cr

+303.73% vs FY 2023-24

0.0016% of India’s total imports

Trade Balance

FY 2024-25

−₹90 Cr

Trade Deficit

Surplus rank #10721 of 12657 HSN codes

% of Sub-Chapter 2843

FY 2024-25

1.90%

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

Import side: 0.32% of Sub-Chapter 2843’s imports

Rank Within Sub-Chapter 2843

FY 2024-25

#5 of 10

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

Import-side rank: #4 of 10

At a glance

17.43%

Export CAGR

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

#6624

National Export Rank

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

+201.60%

Peak Growth Year

FY 2022-23 · strongest single-year move

1.90%

Contribution to Sub-Ch. 2843

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #7021

Balance

−18.52

Exports

1.88 ₹ Cr

0.0001% share

— YoY

0.36% of Sub-Ch. 2843

Imports

20.40 ₹ Cr

0.0006% share

— YoY

1.04% of Sub-Ch. 2843

FY 2019-20 Exp. Rank #6110

Balance

−12.18

Exports

4.03 ₹ Cr

0.0002% share

+114.36% YoY

0.53% of Sub-Ch. 2843

Imports

16.21 ₹ Cr

0.0005% share

−20.54% YoY

0.32% of Sub-Ch. 2843

FY 2020-21 Exp. Rank #7160

Balance

−23.06

Exports

1.70 ₹ Cr

0.0001% share

−57.82% YoY

0.38% of Sub-Ch. 2843

Imports

24.76 ₹ Cr

0.0008% share

+52.75% YoY

0.23% of Sub-Ch. 2843

FY 2021-22 Exp. Rank #7400

Balance

−38.50

Exports

1.87 ₹ Cr

0.0001% share

+10.00% YoY

0.98% of Sub-Ch. 2843

Imports

40.37 ₹ Cr

0.0009% share

+63.05% YoY

0.30% of Sub-Ch. 2843

FY 2022-23 Exp. Rank #6332

Balance

−28.23

Exports

5.64 ₹ Cr

0.0002% share

+201.60% YoY

1.50% of Sub-Ch. 2843

Imports

33.87 ₹ Cr

0.0006% share

−16.10% YoY

0.21% of Sub-Ch. 2843

FY 2023-24 Exp. Rank #6964

Balance

−20.05

Exports

3.54 ₹ Cr

0.0001% share

−37.23% YoY

0.45% of Sub-Ch. 2843

Imports

23.59 ₹ Cr

0.0004% share

−30.35% YoY

0.18% of Sub-Ch. 2843

FY 2024-25 Exp. Rank #6624

Balance

−90.31

Exports

4.93 ₹ Cr

0.0001% share

+39.27% YoY

1.90% of Sub-Ch. 2843

Imports

95.24 ₹ Cr

0.0016% share

+303.73% YoY

0.32% of Sub-Ch. 2843

CAGR · 7-Year

Exports

17.43% /yr

Imports

29.28% /yr

Consistently Deficit
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 28432100 and GST compliance.

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.

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.