---
title: "HSN Code for Silversmiths’ Wares | HSN 71103900 GST Rate"
description: "Find HSN and GST Rates for 71103900 related to Silversmiths’ Wares with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-71103900/"
---

# HSN Code 71103900: Silversmiths’ 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 : Other | 1.5% | 1.5% | 3% | 0% |

## Frequently asked questions

### What products are classified under HSN 71103900 ?

It includes Imitation Jewelry

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

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

### Can we claim ITC on inputs used to trade Silversmiths’ 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 much GST applies to Silversmiths’ Wares?

Under HSN 71103900, Silversmiths’ Wares attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for Silversmiths’ 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.

### Any common misclassification issue with Silversmiths’ Wares?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

## India's trade performance: HSN Code 71103900 (FY 2024-25)

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

- Exports: ₹11 Cr (+1,034.65% YoY) — 0.0003% of India's total exports
- Imports: ₹2 Cr (−94.60% YoY) — 0.0000% of India's total imports
- Trade balance: ₹9 Cr (Surplus); surplus rank #3356 of 12657 HSN codes
- Share of Sub-Chapter 7110: 1.78% of its exports; import side 0.00%
- Rank within Sub-Chapter 7110: #6 of 9 by export value; import-side #9

### Key metrics

- Export CAGR: 128.74% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #5632 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +10,000.00% in FY 2023-24
- Contribution to Sub-Ch. 7110: 1.78% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 71103900

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 Crore | 0.0000% | — | 0.04% | 39.80 | 0.0011% | — | 2.17% | −39.72 | #9301 |
| FY 2019-20 | 7.28 | 0.0003% | +9,000.00% | 4.33% | 151.23 | 0.0045% | +279.97% | 5.86% | −143.95 | #5403 |
| FY 2020-21 | 12.60 | 0.0006% | +73.08% | 3.56% | 247.51 | 0.0085% | +63.66% | 6.46% | −234.91 | #4792 |
| FY 2021-22 | 130.50 | 0.0042% | +935.71% | 27.22% | 331.04 | 0.0072% | +33.75% | 8.81% | −200.54 | #2099 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | −99.99% | 0.01% | 22.00 | 0.0004% | −93.35% | 0.18% | −21.99 | #10292 |
| FY 2023-24 | 1.01 | 0.0000% | +10,000.00% | 0.36% | 39.85 | 0.0007% | +81.14% | 1.64% | −38.84 | #8237 |
| FY 2024-25 | 11.46 | 0.0003% | +1,034.65% | 1.78% | 2.15 | 0.0000% | −94.60% | 0.00% | +9.31 | #5632 |

- CAGR (7-year): exports 128.74%/yr, imports -38.52%/yr (consistently Surplus)

## Key trade insights: HSN Code 71103900 export-import analysis

### Consistent export growth: 128.74% CAGR over 7 years

India's exports under HSN Code 71103900 have grown at a compound annual rate of 128.74% over 7 fiscal years, rising from ₹0.08 Crore in FY 2018-19 to ₹11.46 Crore in FY 2024-25.

### HSN Code 71103900 ranked #5632 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 71103900 ranks #5632 out of 12657 HSN codes by total export value. Within Sub-Chapter 7110, it ranks #6 of 9. By trade surplus, it ranks #3356 of 12657.

### FY 2023-24 was the strongest growth year for HSN Code 71103900 exports

The strongest single-year export movement for HSN Code 71103900 was recorded in FY 2023-24, when exports surged by 10,000.00% over the prior year.

### India maintains a trade surplus of ₹9.31 Crore in HSN Code 71103900 goods

In FY 2024-25, India's exports of ₹11.46 Cr exceeded imports of ₹2.15 Cr, resulting in a trade surplus of ₹9.31 Crore — ranking #3356 of 12657 by surplus magnitude.

### Import growth of -38.52% CAGR signals stable import dependency for Silversmiths’ Wares

India's imports under HSN Code 71103900 have grown at -38.52% CAGR, reaching ₹2.15 Crore in FY 2024-25.

### HSN Code 71103900 contributes 1.78% of Sub-Chapter 7110 exports — ranked #6

Among the 9 HSN codes under Sub-Chapter 7110, HSN Code 71103900 ranks #6 by export value — accounting for 1.78% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #9).

## 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](https://busy.in/hsn/hsn-71103100/) | ₹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 (this hsn code) | ₹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 |