HSN Code 71123000: Articles of Natural or Cultured Pearls

HSN Code 71123000 represents Articles of Natural or Cultured Pearls under GST classification. This code helps businesses identify Articles of Natural or Cultured Pearls correctly for billing, taxation, and trade. With HSN Code 71123000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Articles of Natural or Cultured Pearls.

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Description of Goods for HSN Code 71123000

HSN Code 71123000 relates to the following description.

Description of Goods

Ash containing precious metal or precious metal compounds

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

7112 - Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal other than goods of heading 8549

CGST

1.5%

SGST

1.5%

IGST

3%

CESS

0%

What does HSN Code 71123000 not include?

Articles of Natural or Cultured Pearls does not include products with the following descriptions.

HSN Code 71129100

Other : Of gold, including metal clad with gold but excluding sweepings containing other precious metals

HSN Code 71129200

Other : Of platinum, including metal clad with platinum but excluding sweepings containing other precious metals

HSN Code 71129910

Other : Other : Of silver, including metal clad with silver but excluding sweepings containing other precious metals

India’s Trade Performance — HSN Code 71123000 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹84 Cr

−13.06% vs FY 2023-24

0.0023% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹84 Cr

Trade Surplus

Surplus rank #1735 of 12657 HSN codes

% of Sub-Chapter 7112

FY 2024-25

8.37%

Share of Sub-Chapter 7112’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 7112’s imports

Rank Within Sub-Chapter 7112

FY 2024-25

#2 of 6

Position by export value among HSN codes in Sub-Chapter 7112

At a glance

−4.43%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#2913

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+187.84%

Peak Growth Year

FY 2020-21 · strongest single-year move

8.37%

Contribution to Sub-Ch. 7112

Share of Sub-Chapter 7112 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1904

Balance

+109.87

Exports

109.87 ₹ Cr

0.0048% share

— YoY

15.05% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2019-20 Exp. Rank #2311

Balance

+77.28

Exports

77.28 ₹ Cr

0.0035% share

−29.66% YoY

17.17% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2020-21 Exp. Rank #1258

Balance

+222.44

Exports

222.44 ₹ Cr

0.0103% share

+187.84% YoY

16.63% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2021-22 Exp. Rank #1892

Balance

+156.85

Exports

156.85 ₹ Cr

0.0050% share

−29.49% YoY

12.34% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2022-23 Exp. Rank #2448

Balance

+106.96

Exports

106.96 ₹ Cr

0.0030% share

−31.81% YoY

9.17% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2023-24 Exp. Rank #2634

Balance

+96.27

Exports

96.27 ₹ Cr

0.0027% share

−9.99% YoY

10.72% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2024-25 Exp. Rank #2913

Balance

+83.70

Exports

83.70 ₹ Cr

0.0023% share

−13.06% YoY

8.37% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

CAGR · 7-Year

Exports

−4.43% /yr

Imports

—

Consistently Surplus
Sub-Chapter 7112 total

reference, FY 2024-25

Export

₹999.64 Cr

Import

₹484.31 Cr

Trade Balance

+515.33

Peak export growth year Latest available data Not available YoY = change vs previous FY

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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71123000 and GST compliance.

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.