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HSN Code 28433000: Gold Compounds

HSN Code 28433000 represents Gold Compounds under GST classification. This code helps businesses identify Gold Compounds correctly for billing, taxation, and trade. With HSN Code 28433000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Gold Compounds.

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Description of Goods for HSN Code 28433000

HSN Code 28433000 relates to the following description.

Description of Goods

MISCELLANEOUS : Gold compounds

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 28433000 not include?

Gold 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 28433000 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

< ₹1 Crore

−20.59% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹34,281 Cr

+67.04% vs FY 2024-25

0.5000% of India’s total imports

Trade Balance

FY 2025-26

−₹34,280 Cr

Trade Deficit

Surplus rank #12779 of 12872 HSN codes

% of Sub-Chapter 2843

FY 2025-26

0.17%

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

Import side: 70.87% of Sub-Chapter 2843’s imports

Rank Within Sub-Chapter 2843

FY 2025-26

#6 of 10

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

Import-side rank: #1 of 10

At a glance

−54.05%

Export CAGR

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

#8891

National Export Rank

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

+1,260.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.17%

Contribution to Sub-Ch. 2843

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

India Export-Import Trade Statistics for HSN Code 28433000

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 #1771

Balance

−39.21

Exports

124.94 ₹ Cr

0.0055% share

— YoY

23.94% of Sub-Ch. 2843

Imports

164.15 ₹ Cr

0.0046% share

— YoY

8.38% of Sub-Ch. 2843

FY 2019-20 Exp. Rank #785

Balance

−79.00

Exports

400.40 ₹ Cr

0.0182% share

+220.47% YoY

53.07% of Sub-Ch. 2843

Imports

479.40 ₹ Cr

0.0143% share

+192.05% YoY

9.58% of Sub-Ch. 2843

FY 2020-21 Exp. Rank #996

Balance

−210.55

Exports

311.08 ₹ Cr

0.0145% share

−22.31% YoY

69.37% of Sub-Ch. 2843

Imports

521.63 ₹ Cr

0.0179% share

+8.81% YoY

4.92% of Sub-Ch. 2843

FY 2021-22 Exp. Rank #2146

Balance

−136.30

Exports

125.42 ₹ Cr

0.0040% share

−59.68% YoY

65.69% of Sub-Ch. 2843

Imports

261.72 ₹ Cr

0.0057% share

−49.83% YoY

1.93% of Sub-Ch. 2843

FY 2022-23 Exp. Rank #9689

Balance

−823.52

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.93% YoY

0.02% of Sub-Ch. 2843

Imports

823.61 ₹ Cr

0.0143% share

+214.69% YoY

5.09% of Sub-Ch. 2843

FY 2023-24 Exp. Rank #10057

Balance

−3,250.21

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−44.44% YoY

0.01% of Sub-Ch. 2843

Imports

3,250.26 ₹ Cr

0.0579% share

+294.64% YoY

25.26% of Sub-Ch. 2843

FY 2024-25 Exp. Rank #8581

Balance

−20,522.25

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,260.00% YoY

0.26% of Sub-Ch. 2843

Imports

20,522.93 ₹ Cr

0.3378% share

+531.42% YoY

68.80% of Sub-Ch. 2843

FY 2025-26 Exp. Rank #8891

Balance

−34,280.23

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−20.59% YoY

0.17% of Sub-Ch. 2843

Imports

34,280.77 ₹ Cr

0.5000% share

+67.04% YoY

70.87% of Sub-Ch. 2843

CAGR · 8-Year

Exports

−54.05% /yr

Imports

114.49% /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 28433000 Export-Import Analysis

Export Decline: −54.05% CAGR Over 8 Years

India's exports under HSN Code 28433000 have declined at a compound annual rate of −54.05% over 8 fiscal years, falling from ₹124.94 Crore in FY 2018-19 to ₹0.54 Crore in FY 2025-26.

HSN Code 28433000 Ranked #8891 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 28433000 ranks #8891 out of 12872 HSN codes by total export value. Within Sub-Chapter 2843, it ranks #6 of 10. By trade surplus, it ranks #12779 of 12872.

FY 2024-25 Was the Strongest Growth Year for HSN Code 28433000 Exports

The strongest single-year export movement for HSN Code 28433000 was recorded in FY 2024-25, when exports surged by 1,260.00% over the prior year.

India Records a Trade Deficit of ₹34,280.23 Crore in HSN Code 28433000 Goods

In FY 2025-26, India's imports of ₹34,280.77 Cr exceeded exports of ₹0.54 Cr, resulting in a trade deficit of ₹34,280.23 Crore — ranking #12779 of 12872 by surplus magnitude.

Import Growth of 114.49% CAGR Signals Rising Demand for Gold Compounds

India's imports under HSN Code 28433000 have grown at 114.49% CAGR, reaching ₹34,280.77 Crore in FY 2025-26.

HSN Code 28433000 Contributes 0.17% of Sub-Chapter 2843 Exports — Ranked #6

Among the 10 HSN codes under Sub-Chapter 2843, HSN Code 28433000 ranks #6 by export value — accounting for 0.17% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 70.87% share (rank #1).

Frequently Asked Questions

Clear answers to common queries about HSN Code 28433000 and GST compliance.

What products are classified under HSN 28433000 ?

It includes Gold Compounds

Any common misclassification issue with Miscellaneous / Gold Compounds?

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 / Gold Compounds?

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

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

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 / Gold Compounds is sold with other items?

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

Does packaging or labelling change the GST for Miscellaneous / Gold Compounds?

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.

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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.