--- title: "HSN Code for Gold Articles of Precious Metal | HSN 71141910 GST Rate" description: "Find HSN and GST Rates for 71141910 related to Gold Articles of Precious Metal with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-71141910/" --- # HSN Code 71141910: Gold Articles of Precious Metal - [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 other precious metal, whether or not plated or clad with precious metal : Articles of gold | 1.5% | 1.5% | 3% | 0% | ## Frequently asked questions ### What products are classified under HSN 71141910 ? It includes Goldsmiths or Silversmiths' Articles of Base Metal Clad ### Can we claim ITC on inputs used to trade Gold Articles of Precious Metal? 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 Gold Articles of Precious Metal is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Gold Articles of Precious Metal; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Gold Articles of Precious Metal? 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 Gold Articles of Precious Metal? Under HSN 71141910, Gold Articles of Precious Metal attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Gold Articles of Precious Metal? 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 71141910 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹35 Cr (−10.95% YoY) — 0.0009% of India's total exports - Imports: ₹8 Cr (+241.03% YoY) — 0.0001% of India's total imports - Trade balance: ₹27 Cr (Surplus); surplus rank #2615 of 12657 HSN codes - Share of Sub-Chapter 7114: 22.07% of its exports; import side 9.64% - Rank within Sub-Chapter 7114: #2 of 8 by export value; import-side #4 ### Key metrics - Export CAGR: -23.09% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4117 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +158.32% in FY 2022-23 - Contribution to Sub-Ch. 7114: 22.07% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 71141910 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 | 168.23 | 0.0074% | — | 75.71% | 126.19 | 0.0035% | — | 87.44% | +42.04 | #1480 | | FY 2019-20 | 90.92 | 0.0041% | −45.95% | 68.23% | 29.82 | 0.0009% | −76.37% | 38.97% | +61.10 | #2116 | | FY 2020-21 | 12.98 | 0.0006% | −85.72% | 17.59% | 3.23 | 0.0001% | −89.17% | 18.21% | +9.75 | #4763 | | FY 2021-22 | 12.86 | 0.0004% | −0.92% | 9.92% | 4.70 | 0.0001% | +45.51% | 18.58% | +8.16 | #5160 | | FY 2022-23 | 33.22 | 0.0009% | +158.32% | 21.12% | 483.74 | 0.0084% | +10,192.34% | 93.88% | −450.52 | #4012 | | FY 2023-24 | 39.10 | 0.0011% | +17.70% | 21.32% | 2.34 | 0.0000% | −99.52% | 5.66% | +36.76 | #3864 | | FY 2024-25 | 34.82 | 0.0009% | −10.95% | 22.07% | 7.98 | 0.0001% | +241.03% | 9.64% | +26.84 | #4117 | - CAGR (7-year): exports -23.09%/yr, imports -36.88%/yr (consistently Surplus) ## Key trade insights: HSN Code 71141910 export-import analysis ### Export decline: -23.09% CAGR over 7 years India's exports under HSN Code 71141910 have declined at a compound annual rate of -23.09% over 7 fiscal years, falling from ₹168.23 Crore in FY 2018-19 to ₹34.82 Crore in FY 2024-25. ### HSN Code 71141910 ranked #4117 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 71141910 ranks #4117 out of 12657 HSN codes by total export value. Within Sub-Chapter 7114, it ranks #2 of 8. By trade surplus, it ranks #2615 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 71141910 exports The strongest single-year export movement for HSN Code 71141910 was recorded in FY 2022-23, when exports surged by 158.32% over the prior year. ### India maintains a trade surplus of ₹26.84 Crore in HSN Code 71141910 goods In FY 2024-25, India's exports of ₹34.82 Cr exceeded imports of ₹7.98 Cr, resulting in a trade surplus of ₹26.84 Crore — ranking #2615 of 12657 by surplus magnitude. ### Import growth of -36.88% CAGR signals stable import dependency for Gold Articles of Precious Metal India's imports under HSN Code 71141910 have grown at -36.88% CAGR, reaching ₹7.98 Crore in FY 2024-25. ### HSN Code 71141910 contributes 22.07% of Sub-Chapter 7114 exports — ranked #2 Among the 8 HSN codes under Sub-Chapter 7114, HSN Code 71141910 ranks #2 by export value — accounting for 22.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 9.64% share (rank #4). ## 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](https://busy.in/hsn/hsn-71141110/) | ₹120 Cr | | #2 | HSN Code 71141910: Gold Articles of Precious Metal (this hsn code) | ₹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 |