--- title: "HSN Code for Precious Metal-Clad Articles | HSN 71061000 GST Rate" description: "Find HSN and GST Rates for 71061000 related to Precious Metal-Clad Articles with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71061000/" --- # HSN Code 71061000: Precious Metal-Clad Articles - [Section 14: Guide to HSN Section 14](https://busy.in/hsn/section-14/) - [Chapter 71: Natural Pearls & Metals](https://busy.in/hsn/chapter-71/) - [Sub-chapter 7106: Silver in various forms](https://busy.in/hsn/sub-chapter-7106/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Powder | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71061000 ? It includes Precious Metal Powders and Waste ### How should mixed supplies be billed when Precious Metal-Clad Articles is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Precious Metal-Clad Articles; Nil for exempt items if applicable). ### Any common misclassification issue with Precious Metal-Clad Articles? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Precious Metal-Clad Articles? 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 Precious Metal-Clad Articles? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Precious Metal-Clad Articles? Under HSN 71061000, Precious Metal-Clad Articles attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Precious Metal-Clad Articles? 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. ## India's trade performance: HSN Code 71061000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹19 Cr (+190.28% YoY) — 0.0005% of India's total exports - Imports: ₹37 Cr (+5.23% YoY) — 0.0006% of India's total imports - Trade balance: −₹18 Cr (Deficit); surplus rank #9475 of 12657 HSN codes - Share of Sub-Chapter 7106: 0.46% of its exports; import side 0.09% - Rank within Sub-Chapter 7106: #4 of 7 by export value; import-side #6 ### Key metrics - Export CAGR: 142.98% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4989 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,093.75% in FY 2020-21 - Contribution to Sub-Ch. 7106: 0.46% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71061000 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 Sub-Ch. 7106 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7106 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.11% | 14.45 | 0.0004% | — | 0.06% | −14.36 | #9231 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +255.56% | 0.47% | 4.27 | 0.0001% | −70.45% | 0.02% | −3.95 | #8530 | | FY 2020-21 | 7.02 | 0.0003% | +2,093.75% | 0.21% | 15.67 | 0.0005% | +266.98% | 0.26% | −8.65 | #5509 | | FY 2021-22 | 11.67 | 0.0004% | +66.24% | 3.21% | 30.15 | 0.0007% | +92.41% | 0.12% | −18.48 | #5288 | | FY 2022-23 | 16.14 | 0.0004% | +38.30% | 2.81% | 40.30 | 0.0007% | +33.67% | 0.10% | −24.16 | #4965 | | FY 2023-24 | 6.38 | 0.0002% | −60.47% | 1.21% | 34.80 | 0.0006% | −13.65% | 0.08% | −28.42 | #6273 | | FY 2024-25 | 18.52 | 0.0005% | +190.28% | 0.46% | 36.62 | 0.0006% | +5.23% | 0.09% | −18.10 | #4989 | - CAGR (7-year): exports 142.98%/yr, imports 16.76%/yr (consistently Deficit) ## Key trade insights: HSN Code 71061000 export-import analysis ### Consistent export growth: 142.98% CAGR over 7 years India's exports under HSN Code 71061000 have grown at a compound annual rate of 142.98% over 7 fiscal years, rising from ₹0.09 Crore in FY 2018-19 to ₹18.52 Crore in FY 2024-25. ### HSN Code 71061000 ranked #4989 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71061000 ranks #4989 out of 12657 HSN codes by total export value. Within Sub-Chapter 7106, it ranks #4 of 7. By trade surplus, it ranks #9475 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 71061000 exports The strongest single-year export movement for HSN Code 71061000 was recorded in FY 2020-21, when exports surged by 2,093.75% over the prior year. ### India records a trade deficit of ₹18.10 Crore in HSN Code 71061000 goods In FY 2024-25, India's imports of ₹36.62 Cr exceeded exports of ₹18.52 Cr, resulting in a trade deficit of ₹18.10 Crore — ranking #9475 of 12657 by surplus magnitude. ### Import growth of 16.76% CAGR signals rising demand for Precious Metal-Clad Articles India's imports under HSN Code 71061000 have grown at 16.76% CAGR, reaching ₹36.62 Crore in FY 2024-25. ### HSN Code 71061000 contributes 0.46% of Sub-Chapter 7106 exports — ranked #4 Among the 7 HSN codes under Sub-Chapter 7106, HSN Code 71061000 ranks #4 by export value — accounting for 0.46% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.09% share (rank #6). ## Related HSN Codes in Sub-Chapter 7106 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 71069220: Other Precious Metal Waste](https://busy.in/hsn/hsn-71069220/) | ₹3,283 Cr | | #2 | [HSN Code 71069290: Other Precious Metal Articles](https://busy.in/hsn/hsn-71069290/) | ₹630 Cr | | #3 | [HSN Code 71069110: Unwrought Gold](https://busy.in/hsn/hsn-71069110/) | ₹91 Cr | | #4 | HSN Code 71061000: Precious Metal-Clad Articles (this hsn code) | ₹19 Cr | | #5 | [HSN Code 71069210: Precious Metal Powders and Waste](https://busy.in/hsn/hsn-71069210/) | ₹6 Cr | | #6 | [HSN Code 71069190: Other Unwrought Precious Metals](https://busy.in/hsn/hsn-71069190/) | < ₹1 Crore | | — | [HSN Code 71069100: Unstudded](https://busy.in/hsn/hsn-71069100/) | Nil |