HSN Code 71129990: Miscellaneous Jewellery Parts

HSN Code 71129990 represents Miscellaneous Jewellery Parts under GST classification. This code helps businesses identify Miscellaneous Jewellery Parts correctly for billing, taxation, and trade. With HSN Code 71129990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Miscellaneous Jewellery Parts.

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Description of Goods for HSN Code 71129990

HSN Code 71129990 relates to the following description.

Description of Goods

Other : Other : Other

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 71129990 not include?

Miscellaneous Jewellery Parts 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 71129990 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

₹853 Cr

+15.15% vs FY 2023-24

0.0232% of India’s total exports

India’s Imports

FY 2024-25

₹484 Cr

+227.57% vs FY 2023-24

0.0080% of India’s total imports

Trade Balance

FY 2024-25

₹369 Cr

Trade Surplus

Surplus rank #795 of 12657 HSN codes

% of Sub-Chapter 7112

FY 2024-25

85.36%

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

Import side: 100.00% of Sub-Chapter 7112’s imports

Rank Within Sub-Chapter 7112

FY 2024-25

#1 of 6

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

Import-side rank: #1 of 6

At a glance

6.13%

Export CAGR

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

#607

National Export Rank

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

+205.04%

Peak Growth Year

FY 2020-21 · strongest single-year move

85.36%

Contribution to Sub-Ch. 7112

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

India Export-Import Trade Statistics for HSN Code 71129990

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 #547

Balance

+587.16

Exports

597.00 ₹ Cr

0.0261% share

— YoY

81.80% of Sub-Ch. 7112

Imports

9.84 ₹ Cr

0.0003% share

— YoY

10.92% of Sub-Ch. 7112

FY 2019-20 Exp. Rank #856

Balance

+358.01

Exports

358.86 ₹ Cr

0.0163% share

−39.89% YoY

79.75% of Sub-Ch. 7112

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−91.36% YoY

1.76% of Sub-Ch. 7112

FY 2020-21 Exp. Rank #323

Balance

+576.57

Exports

1,094.68 ₹ Cr

0.0509% share

+205.04% YoY

81.86% of Sub-Ch. 7112

Imports

518.11 ₹ Cr

0.0178% share

+60,854.12% YoY

98.36% of Sub-Ch. 7112

FY 2021-22 Exp. Rank #477

Balance

+691.57

Exports

963.69 ₹ Cr

0.0307% share

−11.97% YoY

75.80% of Sub-Ch. 7112

Imports

272.12 ₹ Cr

0.0060% share

−47.48% YoY

99.90% of Sub-Ch. 7112

FY 2022-23 Exp. Rank #549

Balance

−103.24

Exports

915.45 ₹ Cr

0.0253% share

−5.01% YoY

78.45% of Sub-Ch. 7112

Imports

1,018.69 ₹ Cr

0.0177% share

+274.35% YoY

99.98% of Sub-Ch. 7112

FY 2023-24 Exp. Rank #669

Balance

+593.17

Exports

741.02 ₹ Cr

0.0205% share

−19.05% YoY

82.48% of Sub-Ch. 7112

Imports

147.85 ₹ Cr

0.0026% share

−85.49% YoY

99.95% of Sub-Ch. 7112

FY 2024-25 Exp. Rank #607

Balance

+368.99

Exports

853.30 ₹ Cr

0.0232% share

+15.15% YoY

85.36% of Sub-Ch. 7112

Imports

484.31 ₹ Cr

0.0080% share

+227.57% YoY

100.00% of Sub-Ch. 7112

CAGR · 7-Year

Exports

6.13% /yr

Imports

91.44% /yr

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 71129990 Export-Import Analysis

Consistent Export Growth: 6.13% CAGR Over 7 Years

India's exports under HSN Code 71129990 have grown at a compound annual rate of 6.13% over 7 fiscal years, rising from ₹597.00 Crore in FY 2018-19 to ₹853.30 Crore in FY 2024-25.

HSN Code 71129990 Ranked #607 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 71129990 ranks #607 out of 12657 HSN codes by total export value. Within Sub-Chapter 7112, it ranks #1 of 6. By trade surplus, it ranks #795 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 71129990 Exports

The strongest single-year export movement for HSN Code 71129990 was recorded in FY 2020-21, when exports surged by 205.04% over the prior year.

India Maintains a Trade Surplus of ₹368.99 Crore in HSN Code 71129990 Goods

In FY 2024-25, India's exports of ₹853.30 Cr exceeded imports of ₹484.31 Cr, resulting in a trade surplus of ₹368.99 Crore — ranking #795 of 12657 by surplus magnitude.

Import Growth of 91.44% CAGR Signals Rising Demand for Miscellaneous Jewellery Parts

India's imports under HSN Code 71129990 have grown at 91.44% CAGR, reaching ₹484.31 Crore in FY 2024-25.

HSN Code 71129990 Contributes 85.36% of Sub-Chapter 7112 Exports — Ranked #1

Among the 6 HSN codes under Sub-Chapter 7112, HSN Code 71129990 ranks #1 by export value — accounting for 85.36% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 100.00% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71129990 and GST compliance.

What products are classified under HSN 71129990 ?

It includes Treated or Enhanced Diamonds

How should mixed supplies be billed when Miscellaneous Jewellery Parts is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Miscellaneous Jewellery Parts; Nil for exempt items if applicable).

Any common misclassification issue with Miscellaneous Jewellery Parts?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Does packaging or labelling change the GST for Miscellaneous Jewellery Parts?

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 Miscellaneous Jewellery Parts?

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 Miscellaneous Jewellery Parts?

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.