HSN Code 71129910: Other Precious Metal Jewellery Components

HSN Code 71129910 represents Other Precious Metal Jewellery Components under GST classification. This code helps businesses identify Other Precious Metal Jewellery Components correctly for billing, taxation, and trade. With HSN Code 71129910, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Precious Metal Jewellery Components.

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Description of Goods for HSN Code 71129910

HSN Code 71129910 relates to the following description.

Description of Goods

Other : Other : Of silver, including metal clad with silver 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 71129910 not include?

Other Precious Metal Jewellery Components 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

India’s Trade Performance — HSN Code 71129910 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

₹34 Cr

+511.33% vs FY 2023-24

0.0009% of India’s total exports

India’s Imports

FY 2024-25

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹34 Cr

Trade Surplus

Surplus rank #2437 of 12657 HSN codes

% of Sub-Chapter 7112

FY 2024-25

3.40%

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

#3 of 6

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

At a glance

15.99%

Export CAGR

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

#4149

National Export Rank

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

+1,700.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

3.40%

Contribution to Sub-Ch. 7112

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #4582

Balance

−62.24

Exports

13.96 ₹ Cr

0.0006% share

— YoY

1.91% of Sub-Ch. 7112

Imports

76.20 ₹ Cr

0.0021% share

— YoY

84.58% of Sub-Ch. 7112

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7112

FY 2020-21 Exp. Rank #9719

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7112

FY 2021-22 Exp. Rank #8515

Balance

+0.52

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,700.00% YoY

0.04% of Sub-Ch. 7112

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 7112

FY 2022-23

Balance

−0.19

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7112

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+850.00% YoY

0.02% of Sub-Ch. 7112

FY 2023-24 Exp. Rank #6462

Balance

+5.47

Exports

5.56 ₹ Cr

0.0002% share

— YoY

0.62% of Sub-Ch. 7112

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−52.63% YoY

0.06% of Sub-Ch. 7112

FY 2024-25 Exp. Rank #4149

Balance

+33.99

Exports

33.99 ₹ Cr

0.0009% share

+511.33% YoY

3.40% of Sub-Ch. 7112

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7112

CAGR · 7-Year

Exports

15.99% /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 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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71129910 and GST compliance.

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.

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.