--- title: "HSN Code for Articles of Natural or Cultured Pearls | HSN 71123000 GST Rate" description: "Find HSN and GST Rates for 71123000 related to Articles of Natural or Cultured Pearls with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71123000/" --- # HSN Code 71123000: Articles of Natural or Cultured Pearls - [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 7112: Precious metal scrap for recovery](https://busy.in/hsn/sub-chapter-7112/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Ash containing precious metal or precious metal compounds | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71123000 ? It includes Other Precious Metal Jewellery Components ### Do e‑way bill and e‑invoice apply for Articles of Natural or Cultured Pearls? 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. ### How should mixed supplies be billed when Articles of Natural or Cultured Pearls is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Articles of Natural or Cultured Pearls; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Articles of Natural or Cultured Pearls? 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 Articles of Natural or Cultured Pearls? Under HSN 71123000, Articles of Natural or Cultured Pearls attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Articles of Natural or Cultured Pearls? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 71123000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹84 Cr (−13.06% YoY) — 0.0023% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹84 Cr (Surplus); surplus rank #1735 of 12657 HSN codes - Share of Sub-Chapter 7112: 8.37% of its exports; import side 0.00% - Rank within Sub-Chapter 7112: #2 of 6 by export value ### Key metrics - Export CAGR: -4.43% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2913 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +187.84% in FY 2020-21 - Contribution to Sub-Ch. 7112: 8.37% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71123000 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. 7112 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7112 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 109.87 | 0.0048% | — | 15.05% | Nil | 0.0000% | — | 0.00% | +109.87 | #1904 | | FY 2019-20 | 77.28 | 0.0035% | −29.66% | 17.17% | Nil | 0.0000% | — | 0.00% | +77.28 | #2311 | | FY 2020-21 | 222.44 | 0.0103% | +187.84% | 16.63% | Nil | 0.0000% | — | 0.00% | +222.44 | #1258 | | FY 2021-22 | 156.85 | 0.0050% | −29.49% | 12.34% | Nil | 0.0000% | — | 0.00% | +156.85 | #1892 | | FY 2022-23 | 106.96 | 0.0030% | −31.81% | 9.17% | Nil | 0.0000% | — | 0.00% | +106.96 | #2448 | | FY 2023-24 | 96.27 | 0.0027% | −9.99% | 10.72% | Nil | 0.0000% | — | 0.00% | +96.27 | #2634 | | FY 2024-25 | 83.70 | 0.0023% | −13.06% | 8.37% | Nil | 0.0000% | — | 0.00% | +83.70 | #2913 | - CAGR (7-year): exports -4.43%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 71123000 export-import analysis ### Export decline: -4.43% CAGR over 7 years India's exports under HSN Code 71123000 have declined at a compound annual rate of -4.43% over 7 fiscal years, falling from ₹109.87 Crore in FY 2018-19 to ₹83.70 Crore in FY 2024-25. ### HSN Code 71123000 ranked #2913 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71123000 ranks #2913 out of 12657 HSN codes by total export value. Within Sub-Chapter 7112, it ranks #2 of 6. By trade surplus, it ranks #1735 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 71123000 exports The strongest single-year export movement for HSN Code 71123000 was recorded in FY 2020-21, when exports surged by 187.84% over the prior year. ### India maintains a trade surplus of ₹83.70 Crore in HSN Code 71123000 goods In FY 2024-25, India's exports of ₹83.70 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹83.70 Crore — ranking #1735 of 12657 by surplus magnitude. ### HSN Code 71123000 contributes 8.37% of Sub-Chapter 7112 exports — ranked #2 Among the 6 HSN codes under Sub-Chapter 7112, HSN Code 71123000 ranks #2 by export value — accounting for 8.37% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## Related HSN Codes in Sub-Chapter 7112 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 71129990: Miscellaneous Jewellery Parts](https://busy.in/hsn/hsn-71129990/) | ₹853 Cr | | #2 | HSN Code 71123000: Articles of Natural or Cultured Pearls (this hsn code) | ₹84 Cr | | #3 | [HSN Code 71129910: Other Precious Metal Jewellery Components](https://busy.in/hsn/hsn-71129910/) | ₹34 Cr | | #4 | [HSN Code 71129200: Base Metal Parts for Jewellery](https://busy.in/hsn/hsn-71129200/) | ₹28 Cr | | #5 | [HSN Code 71129100: Precious Metal Parts for Jewellery](https://busy.in/hsn/hsn-71129100/) | < ₹1 Crore | | — | [HSN Code 71129920: Other Base Metal Jewellery Components](https://busy.in/hsn/hsn-71129920/) | Nil |