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HSN Code 28432100: Silver Nitrate

HSN Code 28432100 represents Silver Nitrate under GST classification. This code helps businesses identify 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 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?

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

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India’s Trade Performance — HSN Code 28432100 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹24 Cr

+388.44% vs FY 2024-25

0.0006% of India’s total exports

India’s Imports

FY 2025-26

₹128 Cr

+34.53% vs FY 2024-25

0.0019% of India’s total imports

Trade Balance

FY 2025-26

−₹104 Cr

Trade Deficit

Surplus rank #10889 of 12872 HSN codes

% of Sub-Chapter 2843

FY 2025-26

7.54%

Share of Sub-Chapter 2843’s total exports in FY 2025-26

Import side: 0.26% of Sub-Chapter 2843’s imports

Rank Within Sub-Chapter 2843

FY 2025-26

#4 of 10

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

Import-side rank: #4 of 10

At a glance

43.95%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#4791

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+388.44%

Peak Growth Year

FY 2025-26 · strongest single-year move

7.54%

Contribution to Sub-Ch. 2843

Share of Sub-Chapter 2843 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 28432100

8-year export and import data, FY 2018-19 to FY 2025-26, 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

FY 2025-26 Exp. Rank #4791

Balance

−104.05

Exports

24.08 ₹ Cr

0.0006% share

+388.44% YoY

7.54% of Sub-Ch. 2843

Imports

128.13 ₹ Cr

0.0019% share

+34.53% YoY

0.26% of Sub-Ch. 2843

CAGR · 8-Year

Exports

43.95% /yr

Imports

30.02% /yr

Consistently Deficit
Sub-Chapter 2843 total

reference, FY 2025-26

Export

₹319.38 Cr

Import

₹48,372.17 Cr

Trade Balance

−48,052.79

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: 43.95% CAGR Over 8 Years

India's exports under HSN Code 28432100 have grown at a compound annual rate of 43.95% over 8 fiscal years, rising from ₹1.88 Crore in FY 2018-19 to ₹24.08 Crore in FY 2025-26.

HSN Code 28432100 Ranked #4791 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 28432100 ranks #4791 out of 12872 HSN codes by total export value. Within Sub-Chapter 2843, it ranks #4 of 10. By trade surplus, it ranks #10889 of 12872.

FY 2025-26 Was the Strongest Growth Year for HSN Code 28432100 Exports

The strongest single-year export movement for HSN Code 28432100 was recorded in FY 2025-26, when exports surged by 388.44% over the prior year.

India Records a Trade Deficit of ₹104.05 Crore in HSN Code 28432100 Goods

In FY 2025-26, India's imports of ₹128.13 Cr exceeded exports of ₹24.08 Cr, resulting in a trade deficit of ₹104.05 Crore — ranking #10889 of 12872 by surplus magnitude.

Import Growth of 30.02% CAGR Signals Rising Demand for Silver Nitrate

India's imports under HSN Code 28432100 have grown at 30.02% CAGR, reaching ₹128.13 Crore in FY 2025-26.

HSN Code 28432100 Contributes 7.54% of Sub-Chapter 2843 Exports — Ranked #4

Among the 10 HSN codes under Sub-Chapter 2843, HSN Code 28432100 ranks #4 by export value — accounting for 7.54% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.26% share (rank #4).

Frequently Asked Questions

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

What products are classified under HSN 28432100 ?

It includes Silver Nitrate

Do e‑way bill and e‑invoice apply for 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 Silver Nitrate is sold with other items?

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

How much GST applies to Silver Nitrate?

Under HSN 28432100, 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 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 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 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.

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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.