--- title: "HSN Code for Silver jewellery, stone-studded | HSN 71131145 GST Rate" description: "Find HSN and GST Rates for 71131145 related to Silver jewellery, stone-studded with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71131145/" --- # HSN Code 71131145: Silver jewellery, stone-studded - [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 7113: Jewellery & parts of precious metals](https://busy.in/hsn/sub-chapter-7113/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Studded with other precious and semi-precious stones | 3% | 3% | 6% | 0% | ## Frequently asked questions ### What products are classified under HSN 71131145 ? It includes Hot-Rolled High Speed Steel (Non-Coil, >=600mm) ### Can we claim ITC on inputs used to trade Silver jewellery, stone-studded? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Silver jewellery, stone-studded is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Silver jewellery, stone-studded; Nil for exempt items if applicable). ### Any common misclassification issue with Silver jewellery, stone-studded? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Silver jewellery, stone-studded? Under HSN 71131145, Silver jewellery, stone-studded attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Silver jewellery, stone-studded? 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. ### Does packaging or labelling change the GST for Silver jewellery, stone-studded? 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. ## India's trade performance: HSN Code 71131145 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1,140 Cr (−17.78% YoY) — 0.0310% of India's total exports - Imports: ₹610 Cr (−33.74% YoY) — 0.0100% of India's total imports - Trade balance: ₹530 Cr (Surplus); surplus rank #604 of 12657 HSN codes - Share of Sub-Chapter 7113: 1.07% of its exports; import side 2.85% - Rank within Sub-Chapter 7113: #7 of 30 by export value; import-side #7 ### Key metrics - National export rank: #465 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: −17.78% in FY 2024-25 - Contribution to Sub-Ch. 7113: 1.07% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71131145 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. 7113 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7113 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2023-24 | 1,386.75 | 0.0383% | — | 1.26% | 920.63 | 0.0164% | — | 3.40% | +466.12 | #371 | | FY 2024-25 | 1,140.20 | 0.0310% | −17.78% | 1.07% | 610.01 | 0.0100% | −33.74% | 2.85% | +530.19 | #465 | ## Key trade insights: HSN Code 71131145 export-import analysis ### Export snapshot for HSN Code 71131145 India exported ₹1,140.20 Crore worth of Silver jewellery, stone-studded in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 71131145 ranked #465 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71131145 ranks #465 out of 12657 HSN codes by total export value. Within Sub-Chapter 7113, it ranks #7 of 30. By trade surplus, it ranks #604 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 71131145 exports The strongest single-year export movement for HSN Code 71131145 was recorded in FY 2024-25, when exports declined by 17.78% over the prior year. ### India maintains a trade surplus of ₹530.19 Crore in HSN Code 71131145 goods In FY 2024-25, India's exports of ₹1,140.20 Cr exceeded imports of ₹610.01 Cr, resulting in a trade surplus of ₹530.19 Crore — ranking #604 of 12657 by surplus magnitude. ### HSN Code 71131145 contributes 1.07% of Sub-Chapter 7113 exports — ranked #7 Among the 30 HSN codes under Sub-Chapter 7113, HSN Code 71131145 ranks #7 by export value — accounting for 1.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.85% share (rank #7). ## Related HSN Codes in Sub-Chapter 7113 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 71131911: Studded with pearls](https://busy.in/hsn/hsn-71131911/) | ₹42,292 Cr | | #2 | [HSN Code 71131913: Studded with diamonds of heading 7104](https://busy.in/hsn/hsn-71131913/) | ₹27,886 Cr | | #3 | [HSN Code 71131914: Studded with other precious and semi-precious stones](https://busy.in/hsn/hsn-71131914/) | ₹9,272 Cr | | #4 | [HSN Code 71131915: Gold jew. studded other](https://busy.in/hsn/hsn-71131915/) | ₹7,966 Cr | | #5 | [HSN Code 71131919: Unstudded](https://busy.in/hsn/hsn-71131919/) | ₹7,945 Cr | | #6 | [HSN Code 71131143: Studded with diamonds of heading 7104](https://busy.in/hsn/hsn-71131143/) | ₹4,456 Cr | | #7 | HSN Code 71131145: Silver jewellery, stone-studded (this hsn code) | ₹1,140 Cr | | #8 | [HSN Code 71131923: Studded with diamonds of heading 7104](https://busy.in/hsn/hsn-71131923/) | ₹1,127 Cr | | #9 | [HSN Code 71131149: Unstudded](https://busy.in/hsn/hsn-71131149/) | ₹1,083 Cr | | #10 | [HSN Code 71131141: Studded with pearls](https://busy.in/hsn/hsn-71131141/) | ₹842 Cr |