HSN Code 31043000: Potassium Sulphate: Non-Fertilizer

HSN Code 31043000 represents Potassium Sulphate: Non-Fertilizer under GST classification. This code helps businesses identify Potassium Sulphate: Non-Fertilizer correctly for billing, taxation, and trade. With HSN Code 31043000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Potassium Sulphate: Non-Fertilizer.

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Description of Goods for HSN Code 31043000

HSN Code 31043000 relates to the following description.

Description of Goods

Potassium sulphate

Chapter

31 - Fertilisers

Sub Chapter

3104 - Mineral or chemical fertilisers, potassic

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

Description of Goods

Potassium sulphate (which are clearly not to be used as fertilizers)

Chapter

31 - Fertilisers

Sub Chapter

3104 - Mineral or chemical fertilisers, potassic

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 31043000 not include?

Potassium Sulphate: Non-Fertilizer does not include products with the following descriptions.

HSN Code 31041000

Mineral or chemical fertilisers, potassic carnallite, sylvite and other crude natural potassium salts

India’s Trade Performance — HSN Code 31043000 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹7 Cr

−70.63% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

₹448 Cr

+108.88% vs FY 2023-24

0.0074% of India’s total imports

Trade Balance

FY 2024-25

−₹440 Cr

Trade Deficit

Surplus rank #11813 of 12657 HSN codes

% of Sub-Chapter 3104

FY 2024-25

26.31%

Share of Sub-Chapter 3104’s total exports in FY 2024-25

Import side: 3.94% of Sub-Chapter 3104’s imports

Rank Within Sub-Chapter 3104

FY 2024-25

#2 of 4

Position by export value among HSN codes in Sub-Chapter 3104

Import-side rank: #2 of 4

At a glance

−35.16%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#6146

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+231.97%

Peak Growth Year

FY 2023-24 · strongest single-year move

26.31%

Contribution to Sub-Ch. 3104

Share of Sub-Chapter 3104 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 31043000

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #2024

Balance

−40.49

Exports

99.75 ₹ Cr

0.0044% share

— YoY

81.51% of Sub-Ch. 3104

Imports

140.24 ₹ Cr

0.0039% share

— YoY

1.61% of Sub-Ch. 3104

FY 2019-20 Exp. Rank #2438

Balance

−133.84

Exports

70.56 ₹ Cr

0.0032% share

−29.26% YoY

69.53% of Sub-Ch. 3104

Imports

204.40 ₹ Cr

0.0061% share

+45.75% YoY

2.46% of Sub-Ch. 3104

FY 2020-21 Exp. Rank #3659

Balance

−185.56

Exports

30.04 ₹ Cr

0.0014% share

−57.43% YoY

44.58% of Sub-Ch. 3104

Imports

215.60 ₹ Cr

0.0074% share

+5.48% YoY

2.29% of Sub-Ch. 3104

FY 2021-22 Exp. Rank #5104

Balance

−231.30

Exports

13.40 ₹ Cr

0.0004% share

−55.39% YoY

64.02% of Sub-Ch. 3104

Imports

244.70 ₹ Cr

0.0054% share

+13.50% YoY

3.17% of Sub-Ch. 3104

FY 2022-23 Exp. Rank #5982

Balance

−458.64

Exports

7.60 ₹ Cr

0.0002% share

−43.28% YoY

32.04% of Sub-Ch. 3104

Imports

466.24 ₹ Cr

0.0081% share

+90.54% YoY

3.87% of Sub-Ch. 3104

FY 2023-24 Exp. Rank #4451

Balance

−189.13

Exports

25.23 ₹ Cr

0.0007% share

+231.97% YoY

20.60% of Sub-Ch. 3104

Imports

214.36 ₹ Cr

0.0038% share

−54.02% YoY

2.05% of Sub-Ch. 3104

FY 2024-25 Exp. Rank #6146

Balance

−440.34

Exports

7.41 ₹ Cr

0.0002% share

−70.63% YoY

26.31% of Sub-Ch. 3104

Imports

447.75 ₹ Cr

0.0074% share

+108.88% YoY

3.94% of Sub-Ch. 3104

CAGR · 7-Year

Exports

−35.16% /yr

Imports

21.35% /yr

Consistently Deficit
Sub-Chapter 3104 total

reference, FY 2024-25

Export

₹28.16 Cr

Import

₹11,376.43 Cr

Trade Balance

−11,348.27

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 31043000 Export-Import Analysis

Export Decline: −35.16% CAGR Over 7 Years

India's exports under HSN Code 31043000 have declined at a compound annual rate of −35.16% over 7 fiscal years, falling from ₹99.75 Crore in FY 2018-19 to ₹7.41 Crore in FY 2024-25.

HSN Code 31043000 Ranked #6146 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 31043000 ranks #6146 out of 12657 HSN codes by total export value. Within Sub-Chapter 3104, it ranks #2 of 4. By trade surplus, it ranks #11813 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 31043000 Exports

The strongest single-year export movement for HSN Code 31043000 was recorded in FY 2023-24, when exports surged by 231.97% over the prior year.

India Records a Trade Deficit of ₹440.34 Crore in HSN Code 31043000 Goods

In FY 2024-25, India's imports of ₹447.75 Cr exceeded exports of ₹7.41 Cr, resulting in a trade deficit of ₹440.34 Crore — ranking #11813 of 12657 by surplus magnitude.

Import Growth of 21.35% CAGR Signals Rising Demand for Potassium Sulphate: Non-Fertilizer

India's imports under HSN Code 31043000 have grown at 21.35% CAGR, reaching ₹447.75 Crore in FY 2024-25.

HSN Code 31043000 Contributes 26.31% of Sub-Chapter 3104 Exports — Ranked #2

Among the 4 HSN codes under Sub-Chapter 3104, HSN Code 31043000 ranks #2 by export value — accounting for 26.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.94% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 31043000 and GST compliance.

What products are classified under HSN 31043000 ?

It includes Potassium Sulphate: Non-Fertilizer

How should mixed supplies be billed when Potassium Sulphate: Non-Fertilizer is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Potassium Sulphate: Non-Fertilizer; Nil for exempt items if applicable).

Any common misclassification issue with Potassium Sulphate: Non-Fertilizer?

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

How much GST applies to Potassium Sulphate: Non-Fertilizer?

Under HSN 31043000, Potassium Sulphate: Non-Fertilizer attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Potassium Sulphate: Non-Fertilizer?

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.

Does packaging or labelling change the GST for Potassium Sulphate: Non-Fertilizer?

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.

Can we claim ITC on inputs used to trade Potassium Sulphate: Non-Fertilizer?

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

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.