--- title: "HSN Code for Noble metal solutions of platinum, rhodium, and palladium | HSN 28439012 GST Rate" description: "Find HSN and GST Rates for 28439012 related to Noble metal solutions of platinum, rhodium, and palladium with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-28439012/" --- # HSN Code 28439012: Noble metal solutions of platinum, rhodium, and palladium - [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 : Other compounds; amalgams : Other compounds : Noble metal solutions of platinum, rhodium and palladium | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 28439012 ? It includes Noble metal solutions of platinum, rhodium, and palladium ### How much GST applies to Noble metal solutions of platinum, rhodium, and palladium? Under HSN 28439012, Noble metal solutions of platinum, rhodium, and palladium attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Noble metal solutions of platinum, rhodium, and palladium is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Noble metal solutions of platinum, rhodium, and palladium; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Noble metal solutions of platinum, rhodium, and palladium? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Noble metal solutions of platinum, rhodium, and palladium? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Noble metal solutions of platinum, rhodium, and palladium? 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. ## India's trade performance: HSN Code 28439012 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹94 Cr (−28.93% YoY) — 0.0025% of India's total exports - Imports: ₹8,111 Cr (−5.15% YoY) — 0.1335% of India's total imports - Trade balance: −₹8,017 Cr (Deficit); surplus rank #12594 of 12657 HSN codes - Share of Sub-Chapter 2843: 36.16% of its exports; import side 27.19% - Rank within Sub-Chapter 2843: #1 of 10 by export value; import-side #2 ### Key metrics - Export CAGR: 80.21% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2734 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +457.89% in FY 2022-23 - Contribution to Sub-Ch. 2843: 36.16% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 28439012 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 | 2.74 | 0.0001% | — | 0.53% | 1,588.71 | 0.0443% | — | 81.09% | −1,585.97 | #6580 | | FY 2019-20 | 1.65 | 0.0001% | −39.78% | 0.22% | 4,310.39 | 0.1288% | +171.31% | 86.14% | −4,308.74 | #7118 | | FY 2020-21 | 4.96 | 0.0002% | +200.61% | 1.11% | 9,705.87 | 0.3331% | +125.17% | 91.57% | −9,700.91 | #5951 | | FY 2021-22 | 13.68 | 0.0004% | +175.81% | 7.16% | 12,476.33 | 0.2730% | +28.54% | 92.06% | −12,462.65 | #5079 | | FY 2022-23 | 76.32 | 0.0021% | +457.89% | 20.31% | 14,211.02 | 0.2472% | +13.90% | 87.78% | −14,134.70 | #2905 | | FY 2023-24 | 132.05 | 0.0036% | +73.02% | 16.87% | 8,551.12 | 0.1523% | −39.83% | 66.47% | −8,419.07 | #2250 | | FY 2024-25 | 93.85 | 0.0025% | −28.93% | 36.16% | 8,110.91 | 0.1335% | −5.15% | 27.19% | −8,017.06 | #2734 | - CAGR (7-year): exports 80.21%/yr, imports 31.22%/yr (consistently Deficit) ## Key trade insights: HSN Code 28439012 export-import analysis ### Consistent export growth: 80.21% CAGR over 7 years India's exports under HSN Code 28439012 have grown at a compound annual rate of 80.21% over 7 fiscal years, rising from ₹2.74 Crore in FY 2018-19 to ₹93.85 Crore in FY 2024-25. ### HSN Code 28439012 ranked #2734 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 28439012 ranks #2734 out of 12657 HSN codes by total export value. Within Sub-Chapter 2843, it ranks #1 of 10. By trade surplus, it ranks #12594 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 28439012 exports The strongest single-year export movement for HSN Code 28439012 was recorded in FY 2022-23, when exports surged by 457.89% over the prior year. ### India records a trade deficit of ₹8,017.06 Crore in HSN Code 28439012 goods In FY 2024-25, India's imports of ₹8,110.91 Cr exceeded exports of ₹93.85 Cr, resulting in a trade deficit of ₹8,017.06 Crore — ranking #12594 of 12657 by surplus magnitude. ### Import growth of 31.22% CAGR signals rising demand for Noble metal solutions of platinum, rhodium, and palladium India's imports under HSN Code 28439012 have grown at 31.22% CAGR, reaching ₹8,110.91 Crore in FY 2024-25. ### HSN Code 28439012 contributes 36.16% of Sub-Chapter 2843 exports — ranked #1 Among the 10 HSN codes under Sub-Chapter 2843, HSN Code 28439012 ranks #1 by export value — accounting for 36.16% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 27.19% share (rank #2). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-28432100/) | ₹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 |