--- title: "HSN Code for Precious Metal Parts for Jewellery | HSN 71129100 GST Rate" description: "Find HSN and GST Rates for 71129100 related to Precious Metal Parts for Jewellery with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71129100/" --- # HSN Code 71129100: Precious Metal Parts for Jewellery - [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 | | --- | --- | --- | --- | --- | | Other : Of gold, including metal clad with gold but excluding sweepings containing other precious metals | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71129100 ? It includes Other Base Metal Jewellery Components ### Does packaging or labelling change the GST for Precious Metal Parts for Jewellery? 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. ### Can we claim ITC on inputs used to trade Precious Metal Parts for Jewellery? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Precious Metal Parts for Jewellery? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Precious Metal Parts for Jewellery is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Precious Metal Parts for Jewellery; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Precious Metal Parts for Jewellery? 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. ## India's trade performance: HSN Code 71129100 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−50.00% YoY) — 0.0000% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #4903 of 12657 HSN codes - Share of Sub-Chapter 7112: 0.04% of its exports; import side 0.00% - Rank within Sub-Chapter 7112: #5 of 6 by export value ### Key metrics - Export CAGR: 40.22% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9046 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +852.94% in FY 2020-21 - Contribution to Sub-Ch. 7112: 0.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71129100 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 | < ₹1 Crore | 0.0000% | — | 0.01% | Nil | 0.0000% | — | 0.00% | +0.05 | #9496 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +240.00% | 0.04% | Nil | 0.0000% | — | 0.00% | +0.17 | #8918 | | FY 2020-21 | 1.62 | 0.0001% | +852.94% | 0.12% | Nil | 0.0000% | — | 0.00% | +1.62 | #7215 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −54.32% | 0.06% | Nil | 0.0000% | — | 0.00% | +0.74 | #8260 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −21.62% | 0.05% | Nil | 0.0000% | — | 0.00% | +0.58 | #8564 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +31.03% | 0.08% | Nil | 0.0000% | — | 0.00% | +0.76 | #8479 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −50.00% | 0.04% | Nil | 0.0000% | — | 0.00% | +0.38 | #9046 | - CAGR (7-year): exports 40.22%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 71129100 export-import analysis ### Consistent export growth: 40.22% CAGR over 7 years India's exports under HSN Code 71129100 have grown at a compound annual rate of 40.22% over 7 fiscal years, rising from ₹0.05 Crore in FY 2018-19 to ₹0.38 Crore in FY 2024-25. ### HSN Code 71129100 ranked #9046 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71129100 ranks #9046 out of 12657 HSN codes by total export value. Within Sub-Chapter 7112, it ranks #5 of 6. By trade surplus, it ranks #4903 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 71129100 exports The strongest single-year export movement for HSN Code 71129100 was recorded in FY 2020-21, when exports surged by 852.94% over the prior year. ### India maintains a trade surplus of ₹0.38 Crore in HSN Code 71129100 goods In FY 2024-25, India's exports of ₹0.38 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.38 Crore — ranking #4903 of 12657 by surplus magnitude. ### HSN Code 71129100 contributes 0.04% of Sub-Chapter 7112 exports — ranked #5 Among the 6 HSN codes under Sub-Chapter 7112, HSN Code 71129100 ranks #5 by export value — accounting for 0.04% 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](https://busy.in/hsn/hsn-71123000/) | ₹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 (this hsn code) | < ₹1 Crore | | — | [HSN Code 71129920: Other Base Metal Jewellery Components](https://busy.in/hsn/hsn-71129920/) | Nil |