--- title: "HSN Code for Other Precious Metal Jewellery Components | HSN 71129910 GST Rate" description: "Find HSN and GST Rates for 71129910 related to Other Precious Metal Jewellery Components with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71129910/" --- # HSN Code 71129910: Other Precious Metal Jewellery Components - [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 : Other : Of silver, including metal clad with silver but excluding sweepings containing other precious metals | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71129910 ? It includes Cut and Polished Diamonds ### Can we claim ITC on inputs used to trade Other Precious Metal Jewellery Components? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Other Precious Metal Jewellery Components? 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 much GST applies to Other Precious Metal Jewellery Components? Under HSN 71129910, Other Precious Metal Jewellery Components attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Other Precious Metal Jewellery Components is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Precious Metal Jewellery Components; Nil for exempt items if applicable). ### Any common misclassification issue with Other Precious Metal Jewellery Components? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 71129910 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹34 Cr (+511.33% YoY) — 0.0009% of India's total exports - Imports: Nil (−100.00% YoY) — 0.0000% of India's total imports - Trade balance: ₹34 Cr (Surplus); surplus rank #2437 of 12657 HSN codes - Share of Sub-Chapter 7112: 3.40% of its exports; import side 0.00% - Rank within Sub-Chapter 7112: #3 of 6 by export value ### Key metrics - Export CAGR: 15.99% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4149 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,700.00% in FY 2021-22 - Contribution to Sub-Ch. 7112: 3.40% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71129910 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 | 13.96 | 0.0006% | — | 1.91% | 76.20 | 0.0021% | — | 84.58% | −62.24 | #4582 | | FY 2019-20 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — | | FY 2020-21 | < ₹1 Crore | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | +0.03 | #9719 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +1,700.00% | 0.04% | < ₹1 Crore | 0.0000% | — | 0.01% | +0.52 | #8515 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | +850.00% | 0.02% | −0.19 | — | | FY 2023-24 | 5.56 | 0.0002% | — | 0.62% | < ₹1 Crore | 0.0000% | −52.63% | 0.06% | +5.47 | #6462 | | FY 2024-25 | 33.99 | 0.0009% | +511.33% | 3.40% | Nil | 0.0000% | −100.00% | 0.00% | +33.99 | #4149 | - CAGR (7-year): exports 15.99%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 71129910 export-import analysis ### Consistent export growth: 15.99% CAGR over 7 years India's exports under HSN Code 71129910 have grown at a compound annual rate of 15.99% over 7 fiscal years, rising from ₹13.96 Crore in FY 2018-19 to ₹33.99 Crore in FY 2024-25. ### HSN Code 71129910 ranked #4149 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71129910 ranks #4149 out of 12657 HSN codes by total export value. Within Sub-Chapter 7112, it ranks #3 of 6. By trade surplus, it ranks #2437 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 71129910 exports The strongest single-year export movement for HSN Code 71129910 was recorded in FY 2021-22, when exports surged by 1,700.00% over the prior year. ### India maintains a trade surplus of ₹33.99 Crore in HSN Code 71129910 goods In FY 2024-25, India's exports of ₹33.99 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹33.99 Crore — ranking #2437 of 12657 by surplus magnitude. ### HSN Code 71129910 contributes 3.40% of Sub-Chapter 7112 exports — ranked #3 Among the 6 HSN codes under Sub-Chapter 7112, HSN Code 71129910 ranks #3 by export value — accounting for 3.40% 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 (this hsn code) | ₹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 |