HSN Code 71129100: Precious Metal Parts for Jewellery

HSN Code 71129100 represents Precious Metal Parts for Jewellery under GST classification. This code helps businesses identify Precious Metal Parts for Jewellery correctly for billing, taxation, and trade. With HSN Code 71129100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Precious Metal Parts for Jewellery.

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Description of Goods for HSN Code 71129100

HSN Code 71129100 relates to the following description.

Description of Goods

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

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 71129100 not include?

Precious Metal Parts for Jewellery does not include products with the following descriptions.

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 71129100 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

< ₹1 Crore

−50.00% vs FY 2023-24

0.0000% 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

< ₹1 Crore

Trade Surplus

Surplus rank #4903 of 12657 HSN codes

% of Sub-Chapter 7112

FY 2024-25

0.04%

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

#5 of 6

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

At a glance

40.22%

Export CAGR

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

#9046

National Export Rank

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

+852.94%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.04%

Contribution to Sub-Ch. 7112

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #9496

Balance

+0.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2019-20 Exp. Rank #8918

Balance

+0.17

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+240.00% YoY

0.04% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2020-21 Exp. Rank #7215

Balance

+1.62

Exports

1.62 ₹ Cr

0.0001% share

+852.94% YoY

0.12% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2021-22 Exp. Rank #8260

Balance

+0.74

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−54.32% YoY

0.06% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2022-23 Exp. Rank #8564

Balance

+0.58

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−21.62% YoY

0.05% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2023-24 Exp. Rank #8479

Balance

+0.76

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+31.03% YoY

0.08% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2024-25 Exp. Rank #9046

Balance

+0.38

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.04% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

CAGR · 7-Year

Exports

40.22% /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 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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71129100 and GST compliance.

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.

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.