---
title: "HSN Code for Goldsmiths’ Wares | HSN 71103100 GST Rate"
description: "Find HSN and GST Rates for 71103100 related to Goldsmiths’ Wares with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-71103100/"
---

# HSN Code 71103100: Goldsmiths’ Wares

- [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 7110: Unwrought platinum](https://busy.in/hsn/sub-chapter-7110/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Rhodium : Unwrought or in powder from | 1.5% | 1.5% | 3% | 0% |

## Frequently asked questions

### What products are classified under HSN 71103100 ?

It includes Precious Metal Jewellery and Other Articles

### Does packaging or labelling change the GST for Goldsmiths’ Wares?

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.

### How much GST applies to Goldsmiths’ Wares?

Under HSN 71103100, Goldsmiths’ Wares attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Goldsmiths’ Wares?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### How should mixed supplies be billed when Goldsmiths’ Wares is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Goldsmiths’ Wares; Nil for exempt items if applicable).

### Do e‑way bill and e‑invoice apply for Goldsmiths’ Wares?

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 71103100 (FY 2024-25)

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

- Exports: ₹338 Cr (+991.56% YoY) — 0.0092% of India's total exports
- Imports: ₹69 Cr (+14.77% YoY) — 0.0011% of India's total imports
- Trade balance: ₹269 Cr (Surplus); surplus rank #975 of 12657 HSN codes
- Share of Sub-Chapter 7110: 52.51% of its exports; import side 0.15%
- Rank within Sub-Chapter 7110: #1 of 9 by export value; import-side #5

### Key metrics

- Export CAGR: 144.77% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #1327 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +34,266.67% in FY 2023-24
- Contribution to Sub-Ch. 7110: 52.51% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 71103100

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. 7110 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7110 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 1.57 | 0.0001% | — | 0.71% | 211.95 | 0.0059% | — | 11.56% | −210.38 | #7197 |
| FY 2019-20 | 3.04 | 0.0001% | +93.63% | 1.81% | 184.48 | 0.0055% | −12.96% | 7.15% | −181.44 | #6449 |
| FY 2020-21 | 263.91 | 0.0123% | +8,581.25% | 74.66% | 290.62 | 0.0100% | +57.53% | 7.58% | −26.71 | #1124 |
| FY 2021-22 | 196.71 | 0.0063% | −25.46% | 41.02% | 492.49 | 0.0108% | +69.46% | 13.11% | −295.78 | #1663 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | −99.95% | 0.12% | 272.89 | 0.0047% | −44.59% | 2.22% | −272.80 | #9689 |
| FY 2023-24 | 30.93 | 0.0009% | +34,266.67% | 11.03% | 59.77 | 0.0011% | −78.10% | 2.46% | −28.84 | #4202 |
| FY 2024-25 | 337.62 | 0.0092% | +991.56% | 52.51% | 68.60 | 0.0011% | +14.77% | 0.15% | +269.02 | #1327 |

- CAGR (7-year): exports 144.77%/yr, imports -17.14%/yr (consistently Surplus)

## Key trade insights: HSN Code 71103100 export-import analysis

### Consistent export growth: 144.77% CAGR over 7 years

India's exports under HSN Code 71103100 have grown at a compound annual rate of 144.77% over 7 fiscal years, rising from ₹1.57 Crore in FY 2018-19 to ₹337.62 Crore in FY 2024-25.

### HSN Code 71103100 ranked #1327 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 71103100 ranks #1327 out of 12657 HSN codes by total export value. Within Sub-Chapter 7110, it ranks #1 of 9. By trade surplus, it ranks #975 of 12657.

### FY 2023-24 was the strongest growth year for HSN Code 71103100 exports

The strongest single-year export movement for HSN Code 71103100 was recorded in FY 2023-24, when exports surged by 34,266.67% over the prior year.

### India maintains a trade surplus of ₹269.02 Crore in HSN Code 71103100 goods

In FY 2024-25, India's exports of ₹337.62 Cr exceeded imports of ₹68.60 Cr, resulting in a trade surplus of ₹269.02 Crore — ranking #975 of 12657 by surplus magnitude.

### Import growth of -17.14% CAGR signals stable import dependency for Goldsmiths’ Wares

India's imports under HSN Code 71103100 have grown at -17.14% CAGR, reaching ₹68.60 Crore in FY 2024-25.

### HSN Code 71103100 contributes 52.51% of Sub-Chapter 7110 exports — ranked #1

Among the 9 HSN codes under Sub-Chapter 7110, HSN Code 71103100 ranks #1 by export value — accounting for 52.51% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.15% share (rank #5).

## Related HSN Codes in Sub-Chapter 7110

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | HSN Code 71103100: Goldsmiths’ Wares (this hsn code) | ₹338 Cr |
| #2 | [HSN Code 71101110: Synthetic Precious or Semi-Precious Stones – Diamonds](https://busy.in/hsn/hsn-71101110/) | ₹145 Cr |
| #3 | [HSN Code 71101900: Miscellaneous Synthetic Stones](https://busy.in/hsn/hsn-71101900/) | ₹77 Cr |
| #4 | [HSN Code 71102100: Reconstructed Precious Stones](https://busy.in/hsn/hsn-71102100/) | ₹51 Cr |
| #5 | [HSN Code 71102900: Other Reconstructed Stones](https://busy.in/hsn/hsn-71102900/) | ₹18 Cr |
| #6 | [HSN Code 71103900: Silversmiths’ Wares](https://busy.in/hsn/hsn-71103900/) | ₹11 Cr |
| #7 | [HSN Code 71104100: Platinum or Other Precious Metal Wares](https://busy.in/hsn/hsn-71104100/) | ₹2 Cr |
| #8 | [HSN Code 71104900: Precious Metal Jewellery and Other Articles](https://busy.in/hsn/hsn-71104900/) | ₹1 Cr |
| #9 | [HSN Code 71101120: Synthetic Precious Stones of Other Types](https://busy.in/hsn/hsn-71101120/) | < ₹1 Crore |