HSN Code 71103900 represents Silversmiths’ Wares under GST classification. This code helps businesses identify Silversmiths’ Wares correctly for billing, taxation, and trade. With HSN Code 71103900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Silversmiths’ Wares.
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HSN Code 71103900 relates to the following description.
Description of Goods
Rhodium : Other
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%
Silversmiths’ 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 : Unwrought or in powder from
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 : Unwrought or in powder from
Iridium, osmium and ruthenium : Unwrought or in powder from
Iridium, osmium and ruthenium : Other
India’s Exports
FY 2024-25₹11 Cr
0.0003% of India’s total exports
India’s Imports
FY 2024-25₹2 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹9 Cr
Surplus rank #3356 of 12657 HSN codes
% of Sub-Chapter 7110
FY 2024-251.78%
Share of Sub-Chapter 7110’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 7110’s imports
Rank Within Sub-Chapter 7110
FY 2024-25#6 of 9
Position by export value among HSN codes in Sub-Chapter 7110
Import-side rank: #9 of 9
At a glance
128.74%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5632
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+10,000.00%
Peak Growth Year
FY 2023-24 · strongest single-year move
1.78%
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
−39.72
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.04% of Sub-Ch. 7110
Imports
39.80 ₹ Cr
0.0011% share
— YoY
2.17% of Sub-Ch. 7110
Balance
−143.95
Exports
7.28 ₹ Cr
0.0003% share
+9,000.00% YoY
4.33% of Sub-Ch. 7110
Imports
151.23 ₹ Cr
0.0045% share
+279.97% YoY
5.86% of Sub-Ch. 7110
Balance
−234.91
Exports
12.60 ₹ Cr
0.0006% share
+73.08% YoY
3.56% of Sub-Ch. 7110
Imports
247.51 ₹ Cr
0.0085% share
+63.66% YoY
6.46% of Sub-Ch. 7110
Balance
−200.54
Exports
130.50 ₹ Cr
0.0042% share
+935.71% YoY
27.22% of Sub-Ch. 7110
Imports
331.04 ₹ Cr
0.0072% share
+33.75% YoY
8.81% of Sub-Ch. 7110
Balance
−21.99
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−99.99% YoY
0.01% of Sub-Ch. 7110
Imports
22.00 ₹ Cr
0.0004% share
−93.35% YoY
0.18% of Sub-Ch. 7110
Balance
−38.84
Exports
1.01 ₹ Cr
0.0000% share
+10,000.00% YoY
0.36% of Sub-Ch. 7110
Imports
39.85 ₹ Cr
0.0007% share
+81.14% YoY
1.64% of Sub-Ch. 7110
Balance
+9.31
Exports
11.46 ₹ Cr
0.0003% share
+1,034.65% YoY
1.78% of Sub-Ch. 7110
Imports
2.15 ₹ Cr
0.0000% share
−94.60% YoY
0.00% of Sub-Ch. 7110
CAGR · 7-Year
Exports
128.74% /yr
Imports
−38.52% /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 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.
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.
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.
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.
India's imports under HSN Code 71103900 have grown at −38.52% CAGR, reaching ₹2.15 Crore in FY 2024-25.
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).
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 71103900 and GST compliance.
It includes Imitation Jewelry
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).
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 71103900, Silversmiths’ Wares attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.