2846 HSN Code: Rare-earth metal compounds

HSN Sub Chapter 2846 represents Rare-earth metal compounds under GST classification. This code helps businesses identify Rare-earth metal compounds correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2846, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rare-earth metal compounds.

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New GST Rate for HSN Code 2846

GST Rate for Rare-earth metal compounds under HSN Code 2846. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

28

HSN Code

2846

HSN Description

Compounds, inorganic or organic, of rare-earth metals, of yttrium or of scandium or of mixtures of these metals

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2846

Following tariff HSN codes fall under Rare-earth metal compounds.

Tariff HSN

28461010

Description

MISCELLANEOUS : Cerium compounds : Cerium oxides

Tariff HSN

28461090

Description

MISCELLANEOUS : Cerium compounds : Other

Tariff HSN

28469010

Description

MISCELLANEOUS : Other : Rare-earth oxides not elsewhere included or specified

Tariff HSN

28469020

Description

MISCELLANEOUS : Other : Rare-earth fluorides not elsewhere included or specified

Tariff HSN

28469030

Description

MISCELLANEOUS : Other : Rare-earth chlorides not elsewhere included or specified

Tariff HSN

28469090

Description

MISCELLANEOUS : Other : Other

India’s Trade Performance — HSN Sub-Chapter 2846 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

₹317 Cr

−21.27% vs FY 2023-24

0.0086% of India’s total exports

India’s Imports

FY 2024-25

₹94 Cr

−16.54% vs FY 2023-24

0.0015% of India’s total imports

Trade Balance

FY 2024-25

₹223 Cr

Trade Surplus

Surplus rank #318 of 1233 subchapters

% of Chapter 28

FY 2024-25

0.92%

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

Import side: 0.10% of Chapter 28’s imports

Rank Within Chapter 28

FY 2024-25

#17 of 50

Position by export value among subchapters in Chapter 28

Import-side rank: #36 of 50

At a glance

12.51%

Export CAGR

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

#617

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+107.55%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.92%

Contribution to Ch. 28

Share of Chapter 28 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2846

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 #639

Balance

+53.21

Exports

156.35 ₹ Cr

0.0068% share

— YoY

1.11% of Ch. 28

Imports

103.14 ₹ Cr

0.0029% share

— YoY

0.19% of Ch. 28

FY 2019-20 Exp. Rank #643

Balance

+33.91

Exports

153.49 ₹ Cr

0.0069% share

−1.83% YoY

1.23% of Ch. 28

Imports

119.58 ₹ Cr

0.0036% share

+15.94% YoY

0.27% of Ch. 28

FY 2020-21 Exp. Rank #596

Balance

+90.45

Exports

211.45 ₹ Cr

0.0098% share

+37.76% YoY

1.72% of Ch. 28

Imports

121.00 ₹ Cr

0.0042% share

+1.19% YoY

0.24% of Ch. 28

FY 2021-22 Exp. Rank #508

Balance

+329.93

Exports

438.87 ₹ Cr

0.0140% share

+107.55% YoY

2.22% of Ch. 28

Imports

108.94 ₹ Cr

0.0024% share

−9.97% YoY

0.14% of Ch. 28

FY 2022-23 Exp. Rank #482

Balance

+438.33

Exports

560.18 ₹ Cr

0.0155% share

+27.64% YoY

2.10% of Ch. 28

Imports

121.85 ₹ Cr

0.0021% share

+11.85% YoY

0.12% of Ch. 28

FY 2023-24 Exp. Rank #568

Balance

+289.67

Exports

402.87 ₹ Cr

0.0111% share

−28.08% YoY

1.52% of Ch. 28

Imports

113.20 ₹ Cr

0.0020% share

−7.10% YoY

0.15% of Ch. 28

FY 2024-25 Exp. Rank #617

Balance

+222.69

Exports

317.17 ₹ Cr

0.0086% share

−21.27% YoY

0.92% of Ch. 28

Imports

94.48 ₹ Cr

0.0015% share

−16.54% YoY

0.10% of Ch. 28

CAGR · 7-Year

Exports

12.51% /yr

Imports

−1.45% /yr

Consistently Surplus
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 2846 Export-Import Analysis

Consistent Export Growth: 12.51% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2846 have grown at a compound annual rate of 12.51% over 7 fiscal years, rising from ₹156.35 Crore in FY 2018-19 to ₹317.17 Crore in FY 2024-25.

HSN Sub-Chapter 2846 Ranked #617 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2846 ranks #617 out of 1233 subchapters by total export value. Within Chapter 28, it ranks #17 of 50. By trade surplus, it ranks #318 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 2846 Exports

The strongest single-year export movement for HSN Sub-Chapter 2846 was recorded in FY 2021-22, when exports surged by 107.55% over the prior year.

India Maintains a Trade Surplus of ₹222.69 Crore in HSN Sub-Chapter 2846 Goods

In FY 2024-25, India's exports of ₹317.17 Cr exceeded imports of ₹94.48 Cr, resulting in a trade surplus of ₹222.69 Crore — ranking #318 of 1233 by surplus magnitude.

Import Growth of −1.45% CAGR Signals Stable Import Dependency for Rare-earth metal compounds

India's imports under HSN Sub-Chapter 2846 have grown at −1.45% CAGR, reaching ₹94.48 Crore in FY 2024-25.

HSN Sub-Chapter 2846 Contributes 0.92% of Chapter 28 Exports — Ranked #17

Among the 50 subchapters under Chapter 28, HSN Sub-Chapter 2846 ranks #17 by export value — accounting for 0.92% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.10% share (rank #36).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2846 and GST compliance.

What products are classified under HSN 2846

It includes Rare-earth metal compounds

Can I claim ITC on inputs and services used for Rare-earth metal compounds?

If your outward supply of Rare-earth 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.

Do spares or accessories of Rare-earth metal compounds follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

What misclassification mistakes happen with Rare-earth metal compounds?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

Is the composition scheme suitable if I mainly trade Rare-earth metal compounds?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Does packaging or branding change how GST applies to Rare-earth metal compounds?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Rare-earth 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.

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.

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