HSN Code 71103100 represents Goldsmiths’ Wares under GST classification. This code helps businesses identify Goldsmiths’ Wares correctly for billing, taxation, and trade. With HSN Code 71103100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Goldsmiths’ Wares.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 71103100 relates to the following description.
Description of Goods
Rhodium : Unwrought or in powder from
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
7110 - Platinum, unwrought or in semi-manufactured form, or in powder form
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
Goldsmiths’ Wares does not include products with the following descriptions.
Platinum : Unwrought or in powder form: Unwrought form
Platinum : Unwrought or in powder form: In powder form
Platinum : Other
Palladium: Unwrought or in powder form
Palladium: Other
Rhodium : Other
Iridium, osmium and ruthenium : Unwrought or in powder from
Iridium, osmium and ruthenium : Other
Platinum : Unwrought or in powder form: Unwrought form
Platinum : Unwrought or in powder form: In powder form
Platinum : Other
Palladium: Unwrought or in powder form
Palladium: Other
Rhodium : Other
Iridium, osmium and ruthenium : Unwrought or in powder from
Iridium, osmium and ruthenium : Other
India’s Exports
FY 2024-25₹338 Cr
0.0092% of India’s total exports
India’s Imports
FY 2024-25₹69 Cr
0.0011% of India’s total imports
Trade Balance
FY 2024-25₹269 Cr
Surplus rank #975 of 12657 HSN codes
% of Sub-Chapter 7110
FY 2024-2552.51%
Share of Sub-Chapter 7110’s total exports in FY 2024-25
Import side: 0.15% of Sub-Chapter 7110’s imports
Rank Within Sub-Chapter 7110
FY 2024-25#1 of 9
Position by export value among HSN codes in Sub-Chapter 7110
Import-side rank: #5 of 9
At a glance
144.77%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1327
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+34,266.67%
Peak Growth Year
FY 2023-24 · strongest single-year move
52.51%
Contribution to Sub-Ch. 7110
Share of Sub-Chapter 7110 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
−210.38
Exports
1.57 ₹ Cr
0.0001% share
— YoY
0.71% of Sub-Ch. 7110
Imports
211.95 ₹ Cr
0.0059% share
— YoY
11.56% of Sub-Ch. 7110
Balance
−181.44
Exports
3.04 ₹ Cr
0.0001% share
+93.63% YoY
1.81% of Sub-Ch. 7110
Imports
184.48 ₹ Cr
0.0055% share
−12.96% YoY
7.15% of Sub-Ch. 7110
Balance
−26.71
Exports
263.91 ₹ Cr
0.0123% share
+8,581.25% YoY
74.66% of Sub-Ch. 7110
Imports
290.62 ₹ Cr
0.0100% share
+57.53% YoY
7.58% of Sub-Ch. 7110
Balance
−295.78
Exports
196.71 ₹ Cr
0.0063% share
−25.46% YoY
41.02% of Sub-Ch. 7110
Imports
492.49 ₹ Cr
0.0108% share
+69.46% YoY
13.11% of Sub-Ch. 7110
Balance
−272.80
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−99.95% YoY
0.12% of Sub-Ch. 7110
Imports
272.89 ₹ Cr
0.0047% share
−44.59% YoY
2.22% of Sub-Ch. 7110
Balance
−28.84
Exports
30.93 ₹ Cr
0.0009% share
+34,266.67% YoY
11.03% of Sub-Ch. 7110
Imports
59.77 ₹ Cr
0.0011% share
−78.10% YoY
2.46% of Sub-Ch. 7110
Balance
+269.02
Exports
337.62 ₹ Cr
0.0092% share
+991.56% YoY
52.51% of Sub-Ch. 7110
Imports
68.60 ₹ Cr
0.0011% share
+14.77% YoY
0.15% of Sub-Ch. 7110
CAGR · 7-Year
Exports
144.77% /yr
Imports
−17.14% /yr
reference, FY 2024-25
Export
₹642.99 Cr
Import
₹46,307.27 Cr
Trade Balance
−45,664.28
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.
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.
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.
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.
India's imports under HSN Code 71103100 have grown at −17.14% CAGR, reaching ₹68.60 Crore in FY 2024-25.
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).
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 71103100 and GST compliance.
It includes Precious Metal Jewellery and Other 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.
Under HSN 71103100, Goldsmiths’ Wares attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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).
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.