HSN Code 71061000 represents Precious Metal-Clad Articles under GST classification. This code helps businesses identify Precious Metal-Clad Articles correctly for billing, taxation, and trade. With HSN Code 71061000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Precious Metal-Clad Articles.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 71061000 relates to the following description.
Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form
Powder
1.5%
1.5%
3%
0%
Description of Goods
Powder
Chapter
71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Sub Chapter
7106 - Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
Precious Metal-Clad Articles does not include products with the following descriptions.
Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form - other : unwrought
Other : Unwrought: Grains
Other : Unwrought: Other
Other : Semi-manufactured : Sheets, plates, strips, tubes and pipes
Other : Semi-manufactured : Bar
Other : Semi-manufactured : Other
Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form - other : unwrought
Other : Unwrought: Grains
Other : Unwrought: Other
Other : Semi-manufactured : Sheets, plates, strips, tubes and pipes
Other : Semi-manufactured : Bar
Other : Semi-manufactured : Other
India’s Exports
FY 2024-25₹19 Cr
0.0005% of India’s total exports
India’s Imports
FY 2024-25₹37 Cr
0.0006% of India’s total imports
Trade Balance
FY 2024-25−₹18 Cr
Surplus rank #9475 of 12657 HSN codes
% of Sub-Chapter 7106
FY 2024-250.46%
Share of Sub-Chapter 7106’s total exports in FY 2024-25
Import side: 0.09% of Sub-Chapter 7106’s imports
Rank Within Sub-Chapter 7106
FY 2024-25#4 of 7
Position by export value among HSN codes in Sub-Chapter 7106
Import-side rank: #6 of 7
At a glance
142.98%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4989
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+2,093.75%
Peak Growth Year
FY 2020-21 · strongest single-year move
0.46%
Contribution to Sub-Ch. 7106
Share of Sub-Chapter 7106 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−14.36
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.11% of Sub-Ch. 7106
Imports
14.45 ₹ Cr
0.0004% share
— YoY
0.06% of Sub-Ch. 7106
Balance
−3.95
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+255.56% YoY
0.47% of Sub-Ch. 7106
Imports
4.27 ₹ Cr
0.0001% share
−70.45% YoY
0.02% of Sub-Ch. 7106
Balance
−8.65
Exports
7.02 ₹ Cr
0.0003% share
+2,093.75% YoY
0.21% of Sub-Ch. 7106
Imports
15.67 ₹ Cr
0.0005% share
+266.98% YoY
0.26% of Sub-Ch. 7106
Balance
−18.48
Exports
11.67 ₹ Cr
0.0004% share
+66.24% YoY
3.21% of Sub-Ch. 7106
Imports
30.15 ₹ Cr
0.0007% share
+92.41% YoY
0.12% of Sub-Ch. 7106
Balance
−24.16
Exports
16.14 ₹ Cr
0.0004% share
+38.30% YoY
2.81% of Sub-Ch. 7106
Imports
40.30 ₹ Cr
0.0007% share
+33.67% YoY
0.10% of Sub-Ch. 7106
Balance
−28.42
Exports
6.38 ₹ Cr
0.0002% share
−60.47% YoY
1.21% of Sub-Ch. 7106
Imports
34.80 ₹ Cr
0.0006% share
−13.65% YoY
0.08% of Sub-Ch. 7106
Balance
−18.10
Exports
18.52 ₹ Cr
0.0005% share
+190.28% YoY
0.46% of Sub-Ch. 7106
Imports
36.62 ₹ Cr
0.0006% share
+5.23% YoY
0.09% of Sub-Ch. 7106
CAGR · 7-Year
Exports
142.98% /yr
Imports
16.76% /yr
reference, FY 2024-25
Export
₹4,029.42 Cr
Import
₹40,928.94 Cr
Trade Balance
−36,899.52
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.
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.
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.
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.
India's imports under HSN Code 71061000 have grown at 16.76% CAGR, reaching ₹36.62 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 71061000 and GST compliance.
It includes Precious Metal Powders and Waste
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).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 71061000, Precious Metal-Clad Articles attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.