--- title: "HSN Code for Silver Articles of Goldsmiths or Silversmiths | HSN 71141110 GST Rate" description: "Find HSN and GST Rates for 71141110 related to Silver Articles of Goldsmiths or Silversmiths with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71141110/" --- # HSN Code 71141110: Silver Articles of Goldsmiths or Silversmiths - [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 7114: Precious metal articles & wares](https://busy.in/hsn/sub-chapter-7114/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of precious metal, whether or not plated or clad with precious metal : Of silver, whether or not plated or clad with precious metal : Articles | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71141110 ? It includes Platinum Articles of Precious Metal ### Do e‑way bill and e‑invoice apply for Silver Articles of Goldsmiths or Silversmiths? 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. ### Can we claim ITC on inputs used to trade Silver Articles of Goldsmiths or Silversmiths? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Silver Articles of Goldsmiths or Silversmiths? Under HSN 71141110, Silver Articles of Goldsmiths or Silversmiths attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Silver Articles of Goldsmiths or Silversmiths? 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. ### How should mixed supplies be billed when Silver Articles of Goldsmiths or Silversmiths is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Silver Articles of Goldsmiths or Silversmiths; Nil for exempt items if applicable). ## India's trade performance: HSN Code 71141110 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹120 Cr (+9.56% YoY) — 0.0033% of India's total exports - Imports: ₹47 Cr (+155.22% YoY) — 0.0008% of India's total imports - Trade balance: ₹73 Cr (Surplus); surplus rank #1853 of 12657 HSN codes - Share of Sub-Chapter 7114: 76.06% of its exports; import side 56.95% - Rank within Sub-Chapter 7114: #1 of 8 by export value; import-side #1 ### Key metrics - Export CAGR: 17.53% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2435 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +87.96% in FY 2021-22 - Contribution to Sub-Ch. 7114: 76.06% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71141110 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. 7114 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7114 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 45.54 | 0.0020% | — | 20.50% | 10.97 | 0.0003% | — | 7.60% | +34.57 | #2990 | | FY 2019-20 | 39.91 | 0.0018% | −12.36% | 29.95% | 11.68 | 0.0003% | +6.47% | 15.26% | +28.23 | #3216 | | FY 2020-21 | 59.16 | 0.0028% | +48.23% | 80.17% | 9.29 | 0.0003% | −20.46% | 52.37% | +49.87 | #2686 | | FY 2021-22 | 111.20 | 0.0035% | +87.96% | 85.82% | 11.17 | 0.0002% | +20.24% | 44.17% | +100.03 | #2261 | | FY 2022-23 | 113.54 | 0.0031% | +2.10% | 72.18% | 11.71 | 0.0002% | +4.83% | 2.27% | +101.83 | #2368 | | FY 2023-24 | 109.55 | 0.0030% | −3.51% | 59.73% | 18.47 | 0.0003% | +57.73% | 44.71% | +91.08 | #2459 | | FY 2024-25 | 120.02 | 0.0033% | +9.56% | 76.06% | 47.14 | 0.0008% | +155.22% | 56.95% | +72.88 | #2435 | - CAGR (7-year): exports 17.53%/yr, imports 27.51%/yr (consistently Surplus) ## Key trade insights: HSN Code 71141110 export-import analysis ### Consistent export growth: 17.53% CAGR over 7 years India's exports under HSN Code 71141110 have grown at a compound annual rate of 17.53% over 7 fiscal years, rising from ₹45.54 Crore in FY 2018-19 to ₹120.02 Crore in FY 2024-25. ### HSN Code 71141110 ranked #2435 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71141110 ranks #2435 out of 12657 HSN codes by total export value. Within Sub-Chapter 7114, it ranks #1 of 8. By trade surplus, it ranks #1853 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 71141110 exports The strongest single-year export movement for HSN Code 71141110 was recorded in FY 2021-22, when exports surged by 87.96% over the prior year. ### India maintains a trade surplus of ₹72.88 Crore in HSN Code 71141110 goods In FY 2024-25, India's exports of ₹120.02 Cr exceeded imports of ₹47.14 Cr, resulting in a trade surplus of ₹72.88 Crore — ranking #1853 of 12657 by surplus magnitude. ### Import growth of 27.51% CAGR signals rising demand for Silver Articles of Goldsmiths or Silversmiths India's imports under HSN Code 71141110 have grown at 27.51% CAGR, reaching ₹47.14 Crore in FY 2024-25. ### HSN Code 71141110 contributes 76.06% of Sub-Chapter 7114 exports — ranked #1 Among the 8 HSN codes under Sub-Chapter 7114, HSN Code 71141110 ranks #1 by export value — accounting for 76.06% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 56.95% share (rank #1). ## Related HSN Codes in Sub-Chapter 7114 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 71141110: Silver Articles of Goldsmiths or Silversmiths (this hsn code) | ₹120 Cr | | #2 | [HSN Code 71141910: Gold Articles of Precious Metal](https://busy.in/hsn/hsn-71141910/) | ₹35 Cr | | #3 | [HSN Code 71142010: Goldsmiths or Silversmiths' Articles of Base Metal Clad](https://busy.in/hsn/hsn-71142010/) | ₹2 Cr | | #4 | [HSN Code 71142020: Other Articles of Goldsmiths or Silversmiths Wares](https://busy.in/hsn/hsn-71142020/) | < ₹1 Crore | | #5 | [HSN Code 71141120: Silver Parts of Goldsmiths or Silversmiths Wares](https://busy.in/hsn/hsn-71141120/) | < ₹1 Crore | | #6 | [HSN Code 71141920: Platinum Articles of Precious Metal](https://busy.in/hsn/hsn-71141920/) | < ₹1 Crore | | #6 | [HSN Code 71142030: Parts of Goldsmiths or Silversmiths Articles](https://busy.in/hsn/hsn-71142030/) | < ₹1 Crore | | #8 | [HSN Code 71141930: Parts of Precious Metal Articles](https://busy.in/hsn/hsn-71141930/) | < ₹1 Crore |