---
title: "2843 HSN Code | HSN Code for Precious metal compounds in India"
description: "Know more about 2843 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 2843 covering Precious metal compounds."
canonical: "https://busy.in/hsn/sub-chapter-2843/"
---

# HSN Sub-chapter 2843: Precious metal compounds

Colloidal precious metals; inorganic or organic compounds of precious metals,whether or not chemically defined; amalgams of precious metals

Part of [Chapter 28: Inorganic Chemicals & Rare-Earth Metal Compounds](https://busy.in/hsn/chapter-28/).

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 28431010 | [Colloidal Gold](https://busy.in/hsn/hsn-28431010/) |
| 28431020 | [Colloidal precious metals: Silver](https://busy.in/hsn/hsn-28431020/) |
| 28431090 | [Other Colloidal Metals](https://busy.in/hsn/hsn-28431090/) |
| 28432100 | [MISCELLANEOUS : Silver compounds : Silver nitrate](https://busy.in/hsn/hsn-28432100/) |
| 28432900 | [Miscellaneous \| Other](https://busy.in/hsn/hsn-28432900/) |
| 28433000 | [Miscellaneous \| Gold Compounds](https://busy.in/hsn/hsn-28433000/) |
| 28439011 | [Sodium aurous thiosulphate](https://busy.in/hsn/hsn-28439011/) |
| 28439012 | [Noble metal solutions of platinum, rhodium, and palladium](https://busy.in/hsn/hsn-28439012/) |
| 28439019 | [Other compounds](https://busy.in/hsn/hsn-28439019/) |
| 28439020 | [Amalgams](https://busy.in/hsn/hsn-28439020/) |

## Frequently asked questions

### What products are classified under HSN 2843

It includes Precious metal compounds

### What are the e‑way bill and e‑invoice points while moving Precious metal compounds?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

### Does packaging or branding change how GST applies to Precious metal compounds?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Precious metal compounds is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

### How do I bill a kit or combo that includes Precious metal compounds?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

### Can I claim ITC on inputs and services used for Precious metal compounds?

If your outward supply of Precious metal compounds is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

### Any special steps when selling Precious metal compounds through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

### Any import/export nuance for Precious metal compounds?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

## India's trade performance: HSN Sub-Chapter 2843 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹260 Cr (−66.83% YoY) — 0.0070% of India's total exports
- Imports: ₹29,830 Cr (+131.86% YoY) — 0.4892% of India's total imports
- Trade balance: −₹29,570 Cr (Deficit); surplus rank #1191 of 1233 sub-chapters
- Share of Chapter 28: 0.75% of its exports; import side 30.92%
- Rank within Chapter 28: #20 of 50 by export value; import-side #1

### Key metrics

- Export CAGR: -10.99% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #654 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +108.26% in FY 2023-24
- Contribution to Ch. 28: 0.75% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 2843

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 Ch. 28 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 28 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 521.87 | 0.0227% | — | 3.71% | 1,959.26 | 0.0546% | — | 3.68% | −1,437.39 | #413 |
| FY 2019-20 | 754.42 | 0.0342% | +44.56% | 6.03% | 5,003.84 | 0.1492% | +155.39% | 11.11% | −4,249.42 | #340 |
| FY 2020-21 | 448.44 | 0.0208% | −40.56% | 3.65% | 10,599.38 | 0.3638% | +111.82% | 20.80% | −10,150.94 | #451 |
| FY 2021-22 | 190.94 | 0.0061% | −57.42% | 0.96% | 13,551.72 | 0.2965% | +27.85% | 17.75% | −13,360.78 | #670 |
| FY 2022-23 | 375.78 | 0.0104% | +96.81% | 1.41% | 16,189.86 | 0.2816% | +19.47% | 15.73% | −15,814.08 | #580 |
| FY 2023-24 | 782.59 | 0.0216% | +108.26% | 2.95% | 12,865.38 | 0.2291% | −20.53% | 17.01% | −12,082.79 | #421 |
| FY 2024-25 | 259.55 | 0.0070% | −66.83% | 0.75% | 29,829.96 | 0.4892% | +131.86% | 30.92% | −29,570.41 | #654 |

- CAGR (7-year): exports -10.99%/yr, imports 57.43%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 2843 export-import analysis

### Export decline: -10.99% CAGR over 7 years

India's exports under HSN Sub-Chapter 2843 have declined at a compound annual rate of -10.99% over 7 fiscal years, falling from ₹521.87 Crore in FY 2018-19 to ₹259.55 Crore in FY 2024-25.

### HSN Sub-Chapter 2843 ranked #654 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 2843 ranks #654 out of 1233 sub-chapters by total export value. Within Chapter 28, it ranks #20 of 50. By trade surplus, it ranks #1191 of 1233.

### FY 2023-24 was the strongest growth year for HSN Sub-Chapter 2843 exports

The strongest single-year export movement for HSN Sub-Chapter 2843 was recorded in FY 2023-24, when exports surged by 108.26% over the prior year.

### India records a trade deficit of ₹29,570.41 Crore in HSN Sub-Chapter 2843 goods

In FY 2024-25, India's imports of ₹29,829.96 Cr exceeded exports of ₹259.55 Cr, resulting in a trade deficit of ₹29,570.41 Crore — ranking #1191 of 1233 by surplus magnitude.

### Import growth of 57.43% CAGR signals rising demand for Precious metal compounds

India's imports under HSN Sub-Chapter 2843 have grown at 57.43% CAGR, reaching ₹29,829.96 Crore in FY 2024-25.

### HSN Sub-Chapter 2843 contributes 0.75% of Chapter 28 exports — ranked #20

Among the 50 sub-chapters under Chapter 28, HSN Sub-Chapter 2843 ranks #20 by export value — accounting for 0.75% of the chapter's total exports in FY 2024-25. On the import side, it holds 30.92% share (rank #1).

## Related Sub-Chapters in Chapter 28

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 2818: Artificial corundum & alumina](https://busy.in/hsn/sub-chapter-2818/) | ₹12,082 Cr |
| #2 | [HSN Sub-Chapter 2803: Fresh brassica vegetables](https://busy.in/hsn/sub-chapter-2803/) | ₹4,250 Cr |
| #3 | [HSN Sub-Chapter 2827: Chlorides & bromides](https://busy.in/hsn/sub-chapter-2827/) | ₹2,920 Cr |
| #4 | [HSN Sub-Chapter 2815: Sodium & potassium hydroxides](https://busy.in/hsn/sub-chapter-2815/) | ₹2,290 Cr |
| #5 | [HSN Sub-Chapter 2836: Carbonates & ammonium salts](https://busy.in/hsn/sub-chapter-2836/) | ₹1,277 Cr |
| #6 | [HSN Sub-Chapter 2833: Sulphates, alums, peroxosulphates](https://busy.in/hsn/sub-chapter-2833/) | ₹1,262 Cr |
| #7 | [HSN Sub-Chapter 2811: Inorganic acids](https://busy.in/hsn/sub-chapter-2811/) | ₹906 Cr |
| #8 | [HSN Sub-Chapter 2825: Hydrazine & inorganic salts](https://busy.in/hsn/sub-chapter-2825/) | ₹798 Cr |
| #9 | [HSN Sub-Chapter 2845: Isotopes & compounds](https://busy.in/hsn/sub-chapter-2845/) | ₹774 Cr |
| #10 | [HSN Sub-Chapter 2841: Salts of oxometallic acids](https://busy.in/hsn/sub-chapter-2841/) | ₹639 Cr |
| #20 | HSN Sub-Chapter 2843: Precious metal compounds (this hsn sub-chapter) | ₹260 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 2801 | [Fluorine, chlorine, bromine, iodine](https://busy.in/hsn/sub-chapter-2801/) |
| 2802 | [Sulphur: Sublimed/Precipitated](https://busy.in/hsn/sub-chapter-2802/) |
| 2803 | [Fresh brassica vegetables](https://busy.in/hsn/sub-chapter-2803/) |
| 2804 | [Hydrogen, rare gases, & non-metals](https://busy.in/hsn/sub-chapter-2804/) |
| 2805 | [Rare-earth metals & mercury](https://busy.in/hsn/sub-chapter-2805/) |
| 2806 | [Hydrochloric acid](https://busy.in/hsn/sub-chapter-2806/) |
| 2807 | [Sulphuric acid](https://busy.in/hsn/sub-chapter-2807/) |
| 2808 | [Nitric acid; sulphonitric acids](https://busy.in/hsn/sub-chapter-2808/) |
| 2809 | [Phosphoric & polyphosphoric acids](https://busy.in/hsn/sub-chapter-2809/) |
| 2810 | [Oxides of boron](https://busy.in/hsn/sub-chapter-2810/) |
| 2811 | [Inorganic acids](https://busy.in/hsn/sub-chapter-2811/) |
| 2812 | [Halides & halide oxides of non-metals](https://busy.in/hsn/sub-chapter-2812/) |
| 2813 | [Non-metal sulfides](https://busy.in/hsn/sub-chapter-2813/) |
| 2814 | [Ammonia, anhydrous or aqueous solution](https://busy.in/hsn/sub-chapter-2814/) |
| 2815 | [Sodium & potassium hydroxides](https://busy.in/hsn/sub-chapter-2815/) |
| 2816 | [Magnesium & strontium compounds](https://busy.in/hsn/sub-chapter-2816/) |
| 2817 | [Zinc oxide & peroxide](https://busy.in/hsn/sub-chapter-2817/) |
| 2818 | [Artificial corundum & alumina](https://busy.in/hsn/sub-chapter-2818/) |
| 2819 | [Chromium oxides & hydroxides](https://busy.in/hsn/sub-chapter-2819/) |
| 2820 | [Manganese oxides](https://busy.in/hsn/sub-chapter-2820/) |
| 2821 | [Iron oxides & earth colours](https://busy.in/hsn/sub-chapter-2821/) |
| 2822 | [Cobalt oxides](https://busy.in/hsn/sub-chapter-2822/) |
| 2823 | [Titanium oxides](https://busy.in/hsn/sub-chapter-2823/) |
| 2824 | [Lead oxides: Red/orange lead](https://busy.in/hsn/sub-chapter-2824/) |
| 2825 | [Hydrazine & inorganic salts](https://busy.in/hsn/sub-chapter-2825/) |
| 2826 | [Processed staple fibres](https://busy.in/hsn/sub-chapter-2826/) |
| 2827 | [Chlorides & bromides](https://busy.in/hsn/sub-chapter-2827/) |
| 2828 | [Navigational instruments](https://busy.in/hsn/sub-chapter-2828/) |
| 2829 | [Chlorates and bromates](https://busy.in/hsn/sub-chapter-2829/) |
| 2830 | [Non-metal sulfides](https://busy.in/hsn/sub-chapter-2830/) |
| 2831 | [Dithionites & sulphoxylates](https://busy.in/hsn/sub-chapter-2831/) |
| 2832 | [Sulphites: thiosulphates](https://busy.in/hsn/sub-chapter-2832/) |
| 2833 | [Sulphates, alums, peroxosulphates](https://busy.in/hsn/sub-chapter-2833/) |
| 2834 | [Nitrites; nitrates](https://busy.in/hsn/sub-chapter-2834/) |
| 2835 | [Phosphinates & phosphates](https://busy.in/hsn/sub-chapter-2835/) |
| 2836 | [Carbonates & ammonium salts](https://busy.in/hsn/sub-chapter-2836/) |
| 2837 | [Cyanides, cyanide oxides, complexes](https://busy.in/hsn/sub-chapter-2837/) |
| 2839 | [Silicates: Alkali metal silicates](https://busy.in/hsn/sub-chapter-2839/) |
| 2840 | [Borates; peroxoborates (perborates)](https://busy.in/hsn/sub-chapter-2840/) |
| 2841 | [Salts of oxometallic acids](https://busy.in/hsn/sub-chapter-2841/) |
| 2842 | [Inorganic salts](https://busy.in/hsn/sub-chapter-2842/) |
| 2844 | [Radioactive elements & isotopes](https://busy.in/hsn/sub-chapter-2844/) |
| 2845 | [Isotopes & compounds](https://busy.in/hsn/sub-chapter-2845/) |
| 2846 | [Rare-earth metal compounds](https://busy.in/hsn/sub-chapter-2846/) |
| 2847 | [Hydrogen peroxide](https://busy.in/hsn/sub-chapter-2847/) |
| 2849 | [Carbides](https://busy.in/hsn/sub-chapter-2849/) |
| 2850 | [Hydrides & Nitrides](https://busy.in/hsn/sub-chapter-2850/) |
| 2852 | [Mercury compounds](https://busy.in/hsn/sub-chapter-2852/) |
| 2853 | [Inorganic compounds, compressed air](https://busy.in/hsn/sub-chapter-2853/) |