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HSN Code 28432900: Other Silver Compounds

HSN Code 28432900 represents Other Silver Compounds under GST classification. This code helps businesses identify Other Silver Compounds correctly for billing, taxation, and trade. With HSN Code 28432900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Silver Compounds.

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Description of Goods for HSN Code 28432900

HSN Code 28432900 relates to the following description.

Description of Goods

MISCELLANEOUS : Silver compounds : 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 28432900 not include?

Other Silver Compounds 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 28432900 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

₹17 Cr

+48.91% vs FY 2024-25

0.0004% of India’s total exports

India’s Imports

FY 2025-26

₹115 Cr

+76.72% vs FY 2024-25

0.0017% of India’s total imports

Trade Balance

FY 2025-26

−₹97 Cr

Trade Deficit

Surplus rank #10833 of 12872 HSN codes

% of Sub-Chapter 2843

FY 2025-26

5.35%

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

Import side: 0.24% of Sub-Chapter 2843’s imports

Rank Within Sub-Chapter 2843

FY 2025-26

#5 of 10

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

Import-side rank: #5 of 10

At a glance

5.31%

Export CAGR

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

#5266

National Export Rank

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

+53.28%

Peak Growth Year

FY 2020-21 · strongest single-year move

5.35%

Contribution to Sub-Ch. 2843

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

India Export-Import Trade Statistics for HSN Code 28432900

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 #4790

Balance

−9.59

Exports

11.89 ₹ Cr

0.0005% share

— YoY

2.28% of Sub-Ch. 2843

Imports

21.48 ₹ Cr

0.0006% share

— YoY

1.10% of Sub-Ch. 2843

FY 2019-20 Exp. Rank #5047

Balance

−25.21

Exports

9.76 ₹ Cr

0.0004% share

−17.91% YoY

1.29% of Sub-Ch. 2843

Imports

34.97 ₹ Cr

0.0010% share

+62.80% YoY

0.70% of Sub-Ch. 2843

FY 2020-21 Exp. Rank #4579

Balance

−20.96

Exports

14.96 ₹ Cr

0.0007% share

+53.28% YoY

3.34% of Sub-Ch. 2843

Imports

35.92 ₹ Cr

0.0012% share

+2.72% YoY

0.34% of Sub-Ch. 2843

FY 2021-22 Exp. Rank #4824

Balance

−20.72

Exports

16.74 ₹ Cr

0.0005% share

+11.90% YoY

8.77% of Sub-Ch. 2843

Imports

37.46 ₹ Cr

0.0008% share

+4.29% YoY

0.28% of Sub-Ch. 2843

FY 2022-23 Exp. Rank #5045

Balance

+9.29

Exports

15.14 ₹ Cr

0.0004% share

−9.56% YoY

4.03% of Sub-Ch. 2843

Imports

5.85 ₹ Cr

0.0001% share

−84.38% YoY

0.04% of Sub-Ch. 2843

FY 2023-24 Exp. Rank #5329

Balance

+6.98

Exports

13.35 ₹ Cr

0.0004% share

−11.82% YoY

1.71% of Sub-Ch. 2843

Imports

6.37 ₹ Cr

0.0001% share

+8.89% YoY

0.05% of Sub-Ch. 2843

FY 2024-25 Exp. Rank #5631

Balance

−53.32

Exports

11.47 ₹ Cr

0.0003% share

−14.08% YoY

4.42% of Sub-Ch. 2843

Imports

64.79 ₹ Cr

0.0011% share

+917.11% YoY

0.22% of Sub-Ch. 2843

FY 2025-26 Exp. Rank #5266

Balance

−97.42

Exports

17.08 ₹ Cr

0.0004% share

+48.91% YoY

5.35% of Sub-Ch. 2843

Imports

114.50 ₹ Cr

0.0017% share

+76.72% YoY

0.24% of Sub-Ch. 2843

CAGR · 8-Year

Exports

5.31% /yr

Imports

27.01% /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 28432900 Export-Import Analysis

Consistent Export Growth: 5.31% CAGR Over 8 Years

India's exports under HSN Code 28432900 have grown at a compound annual rate of 5.31% over 8 fiscal years, rising from ₹11.89 Crore in FY 2018-19 to ₹17.08 Crore in FY 2025-26.

HSN Code 28432900 Ranked #5266 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 28432900 ranks #5266 out of 12872 HSN codes by total export value. Within Sub-Chapter 2843, it ranks #5 of 10. By trade surplus, it ranks #10833 of 12872.

FY 2020-21 Was the Strongest Growth Year for HSN Code 28432900 Exports

The strongest single-year export movement for HSN Code 28432900 was recorded in FY 2020-21, when exports surged by 53.28% over the prior year.

India Records a Trade Deficit of ₹97.42 Crore in HSN Code 28432900 Goods

In FY 2025-26, India's imports of ₹114.50 Cr exceeded exports of ₹17.08 Cr, resulting in a trade deficit of ₹97.42 Crore — ranking #10833 of 12872 by surplus magnitude.

Import Growth of 27.01% CAGR Signals Rising Demand for Other Silver Compounds

India's imports under HSN Code 28432900 have grown at 27.01% CAGR, reaching ₹114.50 Crore in FY 2025-26.

HSN Code 28432900 Contributes 5.35% of Sub-Chapter 2843 Exports — Ranked #5

Among the 10 HSN codes under Sub-Chapter 2843, HSN Code 28432900 ranks #5 by export value — accounting for 5.35% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.24% share (rank #5).

Frequently Asked Questions

Clear answers to common queries about HSN Code 28432900 and GST compliance.

What products are classified under HSN 28432900 ?

It includes Other Silver Compounds

Does packaging or labelling change the GST for Miscellaneous / Other?

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 / Other?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade Miscellaneous / Other?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How should mixed supplies be billed when Miscellaneous / Other is sold with other items?

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

Do e‑way bill and e‑invoice apply for Miscellaneous / Other?

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.

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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.