2843 HSN Code: Precious metal compounds

HSN Sub Chapter 2843 represents Precious metal compounds under GST classification. This code helps businesses identify Precious metal compounds correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2843, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Precious metal compounds.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

New GST Rate for HSN Code 2843

GST Rate for Precious metal compounds under HSN Code 2843. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

28

HSN Code

2843

HSN Description

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

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2843

Following tariff HSN codes fall under Precious metal compounds.

Tariff HSN

28431010

Description

MISCELLANEOUS : Colloidal precious metals : Of gold

Tariff HSN

28431020

Description

MISCELLANEOUS : Colloidal precious metals : Of silver

Tariff HSN

28431090

Description

MISCELLANEOUS : Colloidal precious metals : Other

Tariff HSN

28432100

Description

MISCELLANEOUS : Silver compounds : Silver nitrate

Tariff HSN

28432900

Description

MISCELLANEOUS : Silver compounds : Other

Tariff HSN

28433000

Description

MISCELLANEOUS : Gold compounds

Tariff HSN

28439011

Description

MISCELLANEOUS : Other compounds; amalgams : Other compounds : Sodium aurous thiosulphate

Tariff HSN

28439012

Description

MISCELLANEOUS : Other compounds; amalgams : Other compounds : Noble metal solutions of platinum, rhodium and palladium

Tariff HSN

28439019

Description

MISCELLANEOUS : Other compounds; amalgams : Other compounds : Other

Tariff HSN

28439020

Description

MISCELLANEOUS : Other compounds; amalgams : Amalgams

India’s Trade Performance — HSN Sub-Chapter 2843 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

₹260 Cr

−66.83% vs FY 2023-24

0.0070% of India’s total exports

India’s Imports

FY 2024-25

₹29,830 Cr

+131.86% vs FY 2023-24

0.4892% of India’s total imports

Trade Balance

FY 2024-25

−₹29,570 Cr

Trade Deficit

Surplus rank #1191 of 1233 subchapters

% of Chapter 28

FY 2024-25

0.75%

Share of Chapter 28’s total exports in FY 2024-25

Import side: 30.92% of Chapter 28’s imports

Rank Within Chapter 28

FY 2024-25

#20 of 50

Position by export value among subchapters in Chapter 28

Import-side rank: #1 of 50

At a glance

−10.99%

Export CAGR

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

#654

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+108.26%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.75%

Contribution to Ch. 28

Share of Chapter 28 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #413

Balance

−1,437.39

Exports

521.87 ₹ Cr

0.0227% share

— YoY

3.71% of Ch. 28

Imports

1,959.26 ₹ Cr

0.0546% share

— YoY

3.68% of Ch. 28

FY 2019-20 Exp. Rank #340

Balance

−4,249.42

Exports

754.42 ₹ Cr

0.0342% share

+44.56% YoY

6.03% of Ch. 28

Imports

5,003.84 ₹ Cr

0.1492% share

+155.39% YoY

11.11% of Ch. 28

FY 2020-21 Exp. Rank #451

Balance

−10,150.94

Exports

448.44 ₹ Cr

0.0208% share

−40.56% YoY

3.65% of Ch. 28

Imports

10,599.38 ₹ Cr

0.3638% share

+111.82% YoY

20.80% of Ch. 28

FY 2021-22 Exp. Rank #670

Balance

−13,360.78

Exports

190.94 ₹ Cr

0.0061% share

−57.42% YoY

0.96% of Ch. 28

Imports

13,551.72 ₹ Cr

0.2965% share

+27.85% YoY

17.75% of Ch. 28

FY 2022-23 Exp. Rank #580

Balance

−15,814.08

Exports

375.78 ₹ Cr

0.0104% share

+96.81% YoY

1.41% of Ch. 28

Imports

16,189.86 ₹ Cr

0.2816% share

+19.47% YoY

15.73% of Ch. 28

FY 2023-24 Exp. Rank #421

Balance

−12,082.79

Exports

782.59 ₹ Cr

0.0216% share

+108.26% YoY

2.95% of Ch. 28

Imports

12,865.38 ₹ Cr

0.2291% share

−20.53% YoY

17.01% of Ch. 28

FY 2024-25 Exp. Rank #654

Balance

−29,570.41

Exports

259.55 ₹ Cr

0.0070% share

−66.83% YoY

0.75% of Ch. 28

Imports

29,829.96 ₹ Cr

0.4892% share

+131.86% YoY

30.92% of Ch. 28

CAGR · 7-Year

Exports

−10.99% /yr

Imports

57.43% /yr

Consistently Deficit
Chapter 28 total

reference, FY 2024-25

Export

₹34,411.05 Cr

Import

₹96,471.59 Cr

Trade Balance

−62,060.54

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

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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2843 ranks #654 out of 1233 subchapters 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 subchapters 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).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2843 and GST compliance.

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.

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.

Explore More HSN Codes from Chapter 28