HSN Code 31042000: Potassium chloride (not for fertilizers)
HSN Code 31042000 represents Potassium chloride (not for fertilizers) under GST classification. This code helps businesses identify Potassium chloride (not for fertilizers) correctly for billing, taxation, and trade. With HSN Code 31042000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Potassium chloride (not for fertilizers).
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Description of Goods for HSN Code 31042000
HSN Code 31042000 relates to the following description.
What does HSN Code 31042000 not include?
Potassium chloride (not for fertilizers) does not include products with the following descriptions.
Mineral or chemical fertilisers, potassic carnallite, sylvite and other crude natural potassium salts
Potassium sulphate
Potassium sulphate (which are clearly not to be used as fertilizers)
Other
Other (which are clearly not to be used as fertilizers)
India’s Trade Performance — HSN Code 31042000 in FY 2024-25
India’s Exports
FY 2024-25₹18 Cr
0.0005% of India’s total exports
India’s Imports
FY 2024-25₹10,751 Cr
0.1769% of India’s total imports
Trade Balance
FY 2024-25−₹10,733 Cr
Surplus rank #12608 of 12657 HSN codes
% of Sub-Chapter 3104
FY 2024-2562.46%
Share of Sub-Chapter 3104’s total exports in FY 2024-25
Import side: 94.50% of Sub-Chapter 3104’s imports
Rank Within Sub-Chapter 3104
FY 2024-25#1 of 4
Position by export value among HSN codes in Sub-Chapter 3104
Import-side rank: #1 of 4
At a glance
−3.95%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5058
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,855.51%
Peak Growth Year
FY 2023-24 · strongest single-year move
62.46%
Contribution to Sub-Ch. 3104
Share of Sub-Chapter 3104 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 31042000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−8,291.74
Exports
22.40 ₹ Cr
0.0010% share
— YoY
18.30% of Sub-Ch. 3104
Imports
8,314.14 ₹ Cr
0.2319% share
— YoY
95.58% of Sub-Ch. 3104
Balance
−8,012.28
Exports
29.42 ₹ Cr
0.0013% share
+31.34% YoY
28.99% of Sub-Ch. 3104
Imports
8,041.70 ₹ Cr
0.2402% share
−3.28% YoY
96.61% of Sub-Ch. 3104
Balance
−8,980.38
Exports
36.62 ₹ Cr
0.0017% share
+24.47% YoY
54.35% of Sub-Ch. 3104
Imports
9,017.00 ₹ Cr
0.3094% share
+12.13% YoY
95.87% of Sub-Ch. 3104
Balance
−7,370.15
Exports
5.88 ₹ Cr
0.0002% share
−83.94% YoY
28.09% of Sub-Ch. 3104
Imports
7,376.03 ₹ Cr
0.1614% share
−18.20% YoY
95.57% of Sub-Ch. 3104
Balance
−11,239.68
Exports
4.81 ₹ Cr
0.0001% share
−18.20% YoY
20.28% of Sub-Ch. 3104
Imports
11,244.49 ₹ Cr
0.1956% share
+52.45% YoY
93.44% of Sub-Ch. 3104
Balance
−9,994.00
Exports
94.06 ₹ Cr
0.0026% share
+1,855.51% YoY
76.82% of Sub-Ch. 3104
Imports
10,088.06 ₹ Cr
0.1796% share
−10.28% YoY
96.37% of Sub-Ch. 3104
Balance
−10,733.38
Exports
17.59 ₹ Cr
0.0005% share
−81.30% YoY
62.46% of Sub-Ch. 3104
Imports
10,750.97 ₹ Cr
0.1769% share
+6.57% YoY
94.50% of Sub-Ch. 3104
CAGR · 7-Year
Exports
−3.95% /yr
Imports
4.38% /yr
reference, FY 2024-25
Export
₹28.16 Cr
Import
₹11,376.43 Cr
Trade Balance
−11,348.27
Key Trade Insights: HSN Code 31042000 Export-Import Analysis
Export Decline: −3.95% CAGR Over 7 Years
India's exports under HSN Code 31042000 have declined at a compound annual rate of −3.95% over 7 fiscal years, falling from ₹22.40 Crore in FY 2018-19 to ₹17.59 Crore in FY 2024-25.
HSN Code 31042000 Ranked #5058 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 31042000 ranks #5058 out of 12657 HSN codes by total export value. Within Sub-Chapter 3104, it ranks #1 of 4. By trade surplus, it ranks #12608 of 12657.
FY 2023-24 Was the Strongest Growth Year for HSN Code 31042000 Exports
The strongest single-year export movement for HSN Code 31042000 was recorded in FY 2023-24, when exports surged by 1,855.51% over the prior year.
India Records a Trade Deficit of ₹10,733.38 Crore in HSN Code 31042000 Goods
In FY 2024-25, India's imports of ₹10,750.97 Cr exceeded exports of ₹17.59 Cr, resulting in a trade deficit of ₹10,733.38 Crore — ranking #12608 of 12657 by surplus magnitude.
Import Growth of 4.38% CAGR Signals Stable Import Dependency for Potassium chloride (not for fertilizers)
India's imports under HSN Code 31042000 have grown at 4.38% CAGR, reaching ₹10,750.97 Crore in FY 2024-25.
HSN Code 31042000 Contributes 62.46% of Sub-Chapter 3104 Exports — Ranked #1
Among the 4 HSN codes under Sub-Chapter 3104, HSN Code 31042000 ranks #1 by export value — accounting for 62.46% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 94.50% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 31042000 and GST compliance.
What products are classified under HSN 31042000 ?
It includes Potassium chloride (not for fertilizers)
Can we claim ITC on inputs used to trade Potassium chloride (not for fertilizers)?
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 Potassium chloride (not for fertilizers)?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
How should mixed supplies be billed when Potassium chloride (not for fertilizers) is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Potassium chloride (not for fertilizers); Nil for exempt items if applicable).
Does packaging or labelling change the GST for Potassium chloride (not for fertilizers)?
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.
How much GST applies to Potassium chloride (not for fertilizers)?
Under HSN 31042000, Potassium chloride (not for fertilizers) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Do e‑way bill and e‑invoice apply for Potassium chloride (not for fertilizers)?
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.