HSN Code 71141910: Gold Articles of Precious Metal

HSN Code 71141910 represents Gold Articles of Precious Metal under GST classification. This code helps businesses identify Gold Articles of Precious Metal correctly for billing, taxation, and trade. With HSN Code 71141910, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Gold Articles of Precious Metal.

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Description of Goods for HSN Code 71141910

HSN Code 71141910 relates to the following description.

Description of Goods

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

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

7114 - Articles of goldsmiths’ or silversmiths’ wares and parts thereof, of precious metal or of metal clad with precious metal

CGST

1.5%

SGST

1.5%

IGST

3%

CESS

0%

What does HSN Code 71141910 not include?

Gold Articles of Precious Metal does not include products with the following descriptions.

HSN Code 71141110

Of precious metal, whether or not plated or clad with precious metal : Of silver, whether or not plated or clad with precious metal : Articles

HSN Code 71141120

Of precious metal, whether or not plated or clad with precious metal : Of silver, whether or not plated or clad with precious metal : Parts

HSN Code 71141920

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 platinum

HSN Code 71141930

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 : Parts

India’s Trade Performance — HSN Code 71141910 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

₹35 Cr

−10.95% vs FY 2023-24

0.0009% of India’s total exports

India’s Imports

FY 2024-25

₹8 Cr

+241.03% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹27 Cr

Trade Surplus

Surplus rank #2615 of 12657 HSN codes

% of Sub-Chapter 7114

FY 2024-25

22.07%

Share of Sub-Chapter 7114’s total exports in FY 2024-25

Import side: 9.64% of Sub-Chapter 7114’s imports

Rank Within Sub-Chapter 7114

FY 2024-25

#2 of 8

Position by export value among HSN codes in Sub-Chapter 7114

Import-side rank: #4 of 8

At a glance

−23.09%

Export CAGR

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

#4117

National Export Rank

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

+158.32%

Peak Growth Year

FY 2022-23 · strongest single-year move

22.07%

Contribution to Sub-Ch. 7114

Share of Sub-Chapter 7114 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1480

Balance

+42.04

Exports

168.23 ₹ Cr

0.0074% share

— YoY

75.71% of Sub-Ch. 7114

Imports

126.19 ₹ Cr

0.0035% share

— YoY

87.44% of Sub-Ch. 7114

FY 2019-20 Exp. Rank #2116

Balance

+61.10

Exports

90.92 ₹ Cr

0.0041% share

−45.95% YoY

68.23% of Sub-Ch. 7114

Imports

29.82 ₹ Cr

0.0009% share

−76.37% YoY

38.97% of Sub-Ch. 7114

FY 2020-21 Exp. Rank #4763

Balance

+9.75

Exports

12.98 ₹ Cr

0.0006% share

−85.72% YoY

17.59% of Sub-Ch. 7114

Imports

3.23 ₹ Cr

0.0001% share

−89.17% YoY

18.21% of Sub-Ch. 7114

FY 2021-22 Exp. Rank #5160

Balance

+8.16

Exports

12.86 ₹ Cr

0.0004% share

−0.92% YoY

9.92% of Sub-Ch. 7114

Imports

4.70 ₹ Cr

0.0001% share

+45.51% YoY

18.58% of Sub-Ch. 7114

FY 2022-23 Exp. Rank #4012

Balance

−450.52

Exports

33.22 ₹ Cr

0.0009% share

+158.32% YoY

21.12% of Sub-Ch. 7114

Imports

483.74 ₹ Cr

0.0084% share

+10,192.34% YoY

93.88% of Sub-Ch. 7114

FY 2023-24 Exp. Rank #3864

Balance

+36.76

Exports

39.10 ₹ Cr

0.0011% share

+17.70% YoY

21.32% of Sub-Ch. 7114

Imports

2.34 ₹ Cr

0.0000% share

−99.52% YoY

5.66% of Sub-Ch. 7114

FY 2024-25 Exp. Rank #4117

Balance

+26.84

Exports

34.82 ₹ Cr

0.0009% share

−10.95% YoY

22.07% of Sub-Ch. 7114

Imports

7.98 ₹ Cr

0.0001% share

+241.03% YoY

9.64% of Sub-Ch. 7114

CAGR · 7-Year

Exports

−23.09% /yr

Imports

−36.88% /yr

Consistently Surplus
Sub-Chapter 7114 total

reference, FY 2024-25

Export

₹157.79 Cr

Import

₹82.78 Cr

Trade Balance

+75.01

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71141910 and GST compliance.

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.

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.